Charles Schwab (SCHW) Confirms Acquisition of TD Ameritrade (AMTD) for $26B
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The Charles Schwab Corporation to Acquire TD Ameritrade
November 25, 2019 6:00 AM ESTTransaction to Combine Two Award-Winning Companies
Combined Firms Projected to Serve 24 Million Brokerage Accounts with more than $5 Trillion in Client Assets
Complementary Firms Share Heritage of Innovation and Client-Focused Cultures
SAN FRANCISCO & OMAHA, Neb.--(BUSINESS WIRE)-- The Charles Schwab Corporation (Schwab) and TD Ameritrade Holding Corporation (TD Ameritrade) 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... More
