TD Ameritrade to Acquire Scottrade
October 24, 2016
TD Ameritrade Holding Corporation (Nasdaq: AMTD) and Scottrade today announced that they have entered into a definitive agreement for TD Ameritrade to acquire Scottrade in a cash and stock deal valued at $4 billion dollars as of Oct. 24, 2016.
The transaction combines two highly complementary organizations with long histories of helping millions of people invest in their financial futures. For TD Ameritrade, the transaction adds significant scale to its retail business, extends its leadership in trading, and more than quadruples the size of its geographic sales force footprint.
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