Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal
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(Reuters) - Charles Schwab Corp agreed on Monday to buy TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion (20 billion pounds), creating a brokerage giant in a market that has been ravaged by price wars.The acquisition will shake up the retail brokerage industry, creating a company with $5 trillion in assets under management and putting smaller rivals under pressure to scout for tie-ups. The deal is expected to attract the attention of anti-trust regulators, analysts say.The..