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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TD Ameritrade Holding Corporation | NASDAQ:AMTD | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 39.97 | 39.94 | 39.97 | 0 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Shares of discount brokers were on the rise Monday after Charles Schwab Corp. (SCHW) agreed to buy smaller rival TD Ameritrade Holding Corp. (AMTD) in a $26 billion stock swap.
Based on Friday's closing prices, the deal values TD Ameritrade at $52.23 a share, a roughly 8.5% premium.
But TD Ameritrade shares surged last week after CNBC reported that a takeover by Schwab was imminent, and the deal represents a premium of 26.2% to TD Ameritrade's closing price of $41.38 on Wednesday, ahead of the CNBC report.
Shares of TD Ameritrade were recently up 6.5% to $51.24, while Schwab shares edged up 1.3% to $48.84.
Shares of fellow discount brokers E*Trade Financial Corp. (ETFC) and Interactive Brokers Group Inc. (IBKR) also moved higher Monday. E*Trade shares were recently up 2.1% to $43.25, while shares of Interactive Brokers gained 3% to $49.39.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 25, 2019 11:12 ET (16:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year TD Ameritrade Chart |
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