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 […]