Charles Schwab (SCHW) Completes Secondary Offering of Common Stock
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The Charles Schwab Corporation Completes Secondary Offering of Common Stock
February 12, 2025 4:30 PM ESTWESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation (NYSE: SCHW) (the Company or Charles Schwab) completed the previously announced secondary offering by TD Group US Holdings LLC, an affiliate of The Toronto-Dominion Bank (TD), of 165,443,530 shares of the Companys common stock at $79.25 per share, for an aggregate purchase amount of $13.1 billion.
Following the completion of the secondary offering and the previously announced $1.5 billion share repurchase by the Company from TD, TD has disposed of all of its shares. Charles Schwab did not receive any of the proceeds from the sale of shares of its... More
