DOJ approves Charles Schwab acquisition of Ameritrade, CNBC reports - InvestingChannel

DOJ approves Charles Schwab acquisition of Ameritrade, CNBC reports

Charles Schwab (SCHW) has received antitrust approval from the Department of Justice for its acquisition of TD Ameritrade (AMTD), CNBC’s David Faber reports, citing sources. The deal calls for 1.0837 Schwab shares for each share of TD Ameritrade, Faber notes. Shares of TD Ameritrade are up 6% to $43.82 in premarket trading while Schwab is up 49c to $40.00.