Charles Schwab in talks to buy smaller rival TD Ameritrade - CNBC
Nov 21 (Reuters) - Discount brokerage Charles Schwab Corp SCHW.N is in talks to buy smaller rival TD Ameritrade AMTD.O and a deal could be announced as early as Thursday, CNBC reported, citing a source familiar with the matter.
Shares of TD Ameritrade rose over 20% to $50.01 before the bell, while shares of Charles Schwab dipped 3% to $43.40. (https://cnb.cx/2qBS3bJ)
Both companies did not immediately respond to Reuters' requests for comment.
(Reporting by Tamara Mathias in Bengaluru; Editing by Maju Samuel)
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