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TD Ameritrade, thinkorswim merger clears waiting period hurdle
By Lisa Kerner
Charlotte, N.C., Feb. 27 - The Hart-Scott-Rodino waiting period expired in the proposed merger of TD Ameritrade Holding Corp. and thinkorswim Group Inc., it was announced on Friday.
In January, TD Ameritrade agreed to acquire thinkorswim in a cash-and-stock transaction valued at approximately $606 million.
As previously reported, each thinkorswim share will be exchanged for $3.34 in cash and 0.398 TD Ameritrade shares. thinkorswim shareholders will receive a total of $225 million in cash and about 28 million shares of TD Ameritrade.
TD Ameritrade is an Omaha securities brokerage services and technology-based financial services company.
thinkorswim is an online brokerage and investor education company based in Chicago.
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