$26 billion: Charles Schwab buys BTC-friendly TD Ameritrade

in #news • 5 years ago

American financial giant Charles Schwab has announced the purchase of its Bitcoin-friendly competitor, broker TD Ameritrade, according to a press release.

The absorption will take place through the exchange of shares, the transaction amount is $26 billion. The premium to shares of TD Ameritrade will be 17% of the weighted average price of its securities for 30 days to November 20.

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5 years ago in #news by
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     5 years ago 

    The brokerage houses are going crazy. They all dropped their fees on stock trading now there is a merger. Are they feeling some pain?

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     5 years ago 

    I read something where they actually make more money off interest so more people who deposit and invest the more interest they earn.

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       5 years ago 

      This post is promoted by @tipU voting service under #newsteem rules funded by andhovesyan :)
      The upvotes are not profitable and 20% of the payment is donated to @steem.dao and other steem projects.

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