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Charles Schwab to buy TD Ameritrade in $26 billion deal

Reporting by Bharath Manjesh in Bengaluru; Editing by Shounak Dasgupta
NOVEMBER 25, 2019 / 6:10 PMĀ 

(Reuters) - Charles Schwab Corp (SCHW.N) said on Monday it would buy TD Ameritrade Holding Corp (AMTD.O) in an all-stock deal valued at about $26 billion.

As part of the deal, Ameritrade stockholders will receive 1.0837 Schwab shares for every share held.

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