Charles Schwab agrees to buy rival TD Ameritrade in a stock-swap transaction valued at about $26 billion
Wall Street has roared its approval for Charles Schwab Corp.’s plan to buy TD Ameritrade Holding Corp., but the proposed deal isn’t sitting well with one key group: the financial advisers who park their clients’ money with the big online brokerages.
On Monday, Charles Schwab said it agreed to buy smaller rival TD Ameritrade in a stock-swap transaction valued at about $26 billion.
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