Ameritrade to buy rival TD Waterhouse
Ameritrade Holding Corp. will later today announce a deal worth about $3 billion to buy discount brokerage TD Waterhouse according to CNBC’s Maria Bartiromo. The deal would make it the nation’s largest online brokerage.
Citing people familiar with the deal, Bartiromo said the deal will be announced at about noon ET Wednesday. The deal has been widely anticipated in the media in recent days, with reports in newspapers such as The Wall Street Journal and the New York Times.
Ameritrade’s CEO Joe Moglia is expected to run the new company.
posted by Fergie @ 6/22/2005 08:59:00 AM
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