Did Ameritrade Buy: Scottrade

: TD Ameritrade acquired the core brokerage business for $2.7 billion in a combination of cash ($1.7 billion) and TD Ameritrade common stock (28 million shares). Why the Deal Happened The merger was driven by several industry-wide factors:

: TD Bank acquired Scottrade's banking operations for roughly $1.3 billion in cash. did ameritrade buy scottrade

Yes, in a two-part deal valued at approximately $4 billion , which was first announced in October 2016 and finalized on September 18, 2017 . The Acquisition Breakdown : TD Ameritrade acquired the core brokerage business for $2