Charles Schwab to buy TD Ameritrade in $26 billion all-stock deal
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(Reuters) - Charles Schwab Corp will buy TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion (20 billion pounds), the two largest U.S. discount brokerages said on Monday, as they try to fend off competition from newer rivals.The deal is expected to be heavily scrutinized by regulators, and is a response to recent disruption in the industry, where nimbler startups like Menlo Park, California-based Robinhood are rapidly gaining market share by eliminating commissions on stock..