Carlyle to pay $1.8B for AIG’s Fortitude Re stake

The Carlyle Group and T&D Holdings have agreed to acquire AIG’s 76.6% stake in Fortitude Re for about $1.8 billion. Following closure, Carlyle will own 71.5% stake in the target, while T&D and AIG will hold 25% and 3.5%, respectively. The private equity firm’s ownership includes the nearly 20% it acquired in November last year. […]

Charles Schwab buys TD Ameritrade for $25B, creates brokerage behemoth

The Charles Schwab Corporation has agreed to acquire TD Ameritrade for $26 billion in an all-stock transaction. TD Ameritrade shareholders will receive 1.0837 Schwab shares per share they own. The price is a 17% premium over the 30-day volume average price as of November 20, 2019. According to Schwab, the acquisition will add 12 million […]