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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Toronto Dominion Bank | TSX:TD | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.10 | 0.12% | 80.47 | 80.46 | 80.47 | 80.54 | 79.78 | 80.41 | 1,125,647 | 17:34:16 |
From Apr 2019 to Apr 2024
By Colin Kellaher
Toronto-Dominion Bank (TD.T, TD) will hold a roughly 13% stake in Charles Schwab Corp. (SCHW) following Schwab's $26 billion all-stock acquisition of TD Ameritrade Holding Corp. (AMTD), Schwab said Monday.
The Toronto financial-services company, which currently owns a 43% interest in TD Ameritrade, will also have the right to name two directors to the Schwab board.
However, Schwab said Toronto-Dominion's voting stake will be capped at 9.9%, with the balance of its position held in a new, non-voting class of common stock.
TD Ameritrade's other shareholders will own about 18% of the combined company, while existing Schwab holders will own about 69%, Schwab said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 25, 2019 06:45 ET (11:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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