Charles Schwab Wins DOJ Approval For $26 Billion TD Ameritrade Deal

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Charles Schwab Wins DOJ Approval For $26 Billion TD Ameritrade Deal
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Brokerage giant Charles Schwab announced today that it had received antitrust approval from the U.S. Department of Justice for its $26 billion TD Ameritrade deal by skleb1234

“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,” said Schwab CEO Walt Bettinger in aThe shareholders of both companies are scheduled to vote on the transaction later on Thursday, according to Schwab’s press release. The deal is expected to be finalized in the second half of 2020, with integration of the two companies likely to take between 18 and 36 months, Schwab said.

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