In a press-release,it was announced today that Charles Schwab Corporation is acquiring TD Ameritrade Holding Corporation.Through the definitive agreement, Schwab will acquire TD Ameritrade in a stock transaction worth about 26 billion dollars.*
According to Schwab CEO Walt Betting:
With this transaction, we will capitalize on the unique opportunity to build a firm with the soul of a challenger and the resources of a large financial institution that will be uniquely positioned to serve the investment, trading and wealth management needs of investors across every phase of their financial journeys.*
Charles Schwab Corp (SCHW)
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