Charles Schwab All Set to Acquire TD Ameritrade in $26 Billion All-stock Deal

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Discount brokerage TD Ameritrade is all set to be acquired by Charles Schwab in an all-stock deal worth $26 billion, according to an agreement Ameritrade stockholders will get 1.0837 worth of Schwab stock for each of their shares. It reflects a 17% premium over the Ameritrade stock’s 30-day average before the announcement. Reports suggest that …

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