Together, the two discount brokerages will boast 24 million customer accounts and handle more than $5 trillion in client assets.
Charles Schwab officially announced a $26 billion deal to buy TD Ameritrade, combining two of America's largest discount brokerages. The combined group will boast 24 million customer accounts and handle more than $5 trillion in client assets. Schwab expects the tie-up to generate $1.8 billion to $2 billion in ongoing cost savings, and boost earnings per share by 10% to 15% in the third year after the deal closes. Watch Charles Schwab and TD Ameritrade trade live.
Charles Schwab officially announced a $26 billion deal to buy TD Ameritrade, combining two of America's largest discount brokerages. The combined group will boast 24 million customer accounts and handle more than $5 trillion in client assets. Schwab expects the tie-up to generate $1.8 billion to $2 billion in ongoing cost savings, and boost earnings per share by 10% to 15% in the third year after the deal closes. Watch Charles Schwab and TD Ameritrade trade live.
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Charles Schwab buys TD Ameritrade in brokerage blockbusterNEW YORK (AP) — Charles Schwab is buying rival TD Ameritrade in an approximately $26 billion all-stock deal, a blockbuster agreement accelerated by massive disruption in the online brokerage...
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Charles Schwab Corp.SCHW | Complete Charles Schwab Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
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Charles Schwab to acquire TD Ameritrade in $26 billion all-stock dealThe Charles Schwab Corp. will acquire rival discount broker TD Ameritrade Holding Corp. in an all-stock transaction valued at around $26 billion, the companies announced Monday. News of a prospective deal broke last week. The agreement between the companies would see TD Ameritrade stockholders receive 1.0837 Schwab shares for each TD Ameritrade share, representing a 17% premium over the 30-day volume weighted average price exchange ratio as of Nov. 29. The combined company would serve 24 million client accounts with more than $5 trillion in client assets, the companies said. Schwab shares were off 0.4% in premarket trade, while TD Ameritrade shares were up 1.6%.
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Charles Schwab agrees to buy TD Ameritrade for $26 billionTwo of the leaders of the online brokerage industry are merging. Charles Schwab agreed to buy TD Ameritrade for $26 billion, the companies announced Monday.
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