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Charles Schwab to acquire TD Ameritrade in $26 billion all-stock deal

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The 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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Td, is the best ! Schwab old school I hope that Schwab Continues TD great work on their platform

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Investment Advisers Fear Losing Out in a Schwab-TD Ameritrade DealSchwab’s plan to buy TD Ameritrade isn’t sitting well with investment advisers who park their clients’ money with the big online brokerages. Obscene! What I notice the most is that the combined company will be based in Westlake, Texas. Charles Scwab abandoning San Francisco as it’s HQ. A little sad for Omaha as well. I won’t step foot in San Francisco.... FOH I ain't letting that sham AF company handle my 401K, I will be moving it
Source: WSJ - 🏆 98. / 63 Read more »

Investment Advisers Fear Losing Out in a Schwab-TD Ameritrade DealSchwab’s plan to buy TD Ameritrade isn’t sitting well with investment advisers who park their clients’ money with the big online brokerages. Obscene! What I notice the most is that the combined company will be based in Westlake, Texas. Charles Scwab abandoning San Francisco as it’s HQ. A little sad for Omaha as well. I won’t step foot in San Francisco.... FOH I ain't letting that sham AF company handle my 401K, I will be moving it
Source: WSJ - 🏆 98. / 63 Read more »