Did Td Ameritrade Buy Scottrade May 2026

successfully acquired Scottrade in a multi-billion dollar deal that concluded in September 2017 . The acquisition was structured as a two-step transaction involving both TD Ameritrade and its largest shareholder, TD Bank Group . Key Details of the Acquisition

TD Ameritrade acquired the brokerage business for roughly $1.7 billion in cash plus 28 million shares of TD Ameritrade common stock. did td ameritrade buy scottrade

The merger was originally announced in October 2016 and officially closed on September 18, 2017 . Impact on Customers and Operations TD Ameritrade, Inc. is now at Schwab for roughly $1.4 billion in cash.

TD Bank Group acquired Scottrade’s banking division, Scottrade Bank , for roughly $1.4 billion in cash. did td ameritrade buy scottrade