Charles Schwab to buy TD Ameritrade
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Deal announced Monday will bring Schwab another 12 million client accounts, $1.3 trillion in assets and roughly $5 billion a year in revenue.
Charles Schwab Corp. announced that it agreed to buy TD Ameritrade Holding Corp. in a multibillion-dollar deal that will reshape the retail brokerage business.
Schwab will acquire TD Ameritrade in an all-stock transaction the companies say is valued at $26 billion, or about $48.50 per share — a 1
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