Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A
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Charles Schwab (SCHW) Confirms Acquisition of TD Ameritrade (AMTD) for $26B
November 25, 2019 6:04 AM ESTThe 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
