DOJ approves Charles Schwab acquisition of TD Ameritrade.
“We’re gratified by the DOJ’s decision and appreciate its diligent and thorough review. We are pleased to be clearing an important milestone in our planned acquisition of TD Ameritrade and look forward to today’s scheduled votes by the stockholders of our two companies, which represent another important step toward completion of the transaction.”
Walt Bettinger, President and CEO of Charles Schwab
This deal which was announced last November calls for 1.0837 shares of Schwab in exchange for each share of TD Ameritrade.