Schwab's plan to purchase just got a lot cheaper - In November, Charles Schwab announced plans to buy $TDA for a little over $26 billion in current market value. Not really talked about? The terms of the deal.
The acquisition, which plans to go through by Q4 of 2020, was basically a "stock swap". From Reuters:
"As part of the deal, expected to close in the second half of 2020, Ameritrade stockholders will get 1.0837 Schwab shares for every share held, or $52.23 based on Schwab’s Friday close. Schwab shareholders will hold 69% of the combined company, while TD Ameritrade stockholders will have an 18% stake. The remaining roughly 13% stake will be held by Toronto-Dominion Bank (TD.TO), TD Ameritrade’s largest shareholder."
As of today, we're running below the announced deal value, and it's not getting any better. Ultimately the strike price Schwab will pay may be at a huge discount to what they previously thought they were buying TD for.
Etrade
$ETFC E-Trade might turn here
E-Trade Financial is looking like it is in position to confirm an inverse h&s after leaving a coiling down and touching the long term trend line.
Entry would be after closing above 47.40$. PT 59$ and Stop 41$.
Close watch, cause a lot trading in at 47$
No trading advice just my own research so analyze by your self
May the markets be with you
ETFC Topped in 2018Weekly view shows a downtrend until the end of 2018, then the stock moved sideways in a trend that is not a bottom. Supported by a weak intermediate support level. Could break to the downside with High Frequency Trader action.
