Charles Schwab (SCHW) in talks to acquire TD Ameritrade (AMTD)

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Charles Schwab (SCHW) Confirms Acquisition of TD Ameritrade (AMTD) for $26B

November 25, 2019 6:04 AM EST

The Charles Schwab Corporation (NYSE: SCHW) and TD Ameritrade Holding Corporation (NASDAQ: AMTD) today announced that they have entered into a definitive agreement for Schwab to acquire TD Ameritrade in an all-stock transaction valued at approximately $26 billion. Under the agreement, TD Ameritrade stockholders will receive 1.0837 Schwab shares for each TD Ameritrade share, which represents a 17% premium over the 30-day volume weighted average price exchange ratio as of November 20, 2019.

Schwab President and CEO Walt Bettinger said, We have long respected TD Ameritrade since our early days pioneering the discount... More

E*TRADE Financial (ETFC) Could Trade Down 'Meaningfully' on Schwab/TD Ameritrade Merger - KBW

November 21, 2019 9:08 AM EST

KBW analyst Kyle Voigt thinks E*TRADE Financial (NASDAQ: ETFC) could trade down meaningfully amid news rivals TD Ameritrade (NASDAQ: AMTD) and Charles Schwab (NYSE: SCHW) are near a... More

Charles Schwab (SCHW) to Acquire TD Ameritrade (AMTD) for $26 Billion, Deal to be Announced Today - FBN

November 21, 2019 6:24 AM EST

Charles Schwab (NYSE: SCHW) to Acquire TD Ameritrade (Nasdaq: AMTD) for $26 Billion, Deal to be Announced Today - FBN

Breaking news: @CharlesSchwab will acquire @TDAmeritrade for $26-billion creating an asset manager with $5-Trillion AUM. Deal will be announced today. More exclusive details this am @MorningsMaria @FoxBusiness

Maria Bartiromo (@MariaBartiromo) November 21, 2019


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