Charles Schwab Corp said on Monday it would acquire TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion, combining the two largest U.S. discount brokerages. As part of the deal, which is expected to close in the second half of 2020, Ameritrade stockholders will get 1.0837 Schwab shares for every share held. TD Ameritrade CEO Tim Hockey is due to step down in February. …read more
Source:: Yahoo Finance
