Scottrade — Td Buys

The acquisition was executed in two concurrent parts involving TD Bank Group and TD Ameritrade Holding Corporation : TD Bank Group Completes Acquisition of Scottrade Bank

The was a two-step transaction valued at approximately $4 billion , completed on September 18, 2017 . The deal combined two of the largest online brokerages in the U.S. to achieve greater scale and distribution. Transaction Structure & Financials td buys scottrade