American Charles Schwab investment brokerage giant announced the acquisition of rival TD Ameritrade in a stock deal totaling $26 billion.
TD Ameritrade for $26 billion
“The combined companies will serve 24 million brokerage accounts with customer assets worth more than $5 trillion.” – Charles Schwab.
In particular, TD Ameritrade will bring $1.3 trillion in client assets, 12 million client accounts and about $5 billion in annual revenue for Schwab.
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