TD AMERITRADE’s Announced Acquisition of thinkorswim

TD Ameritrade has thrust itself into the limelight, seams to me the only thing I can remember in recent years is the repetitive commercials with Sam Waterston of Law and Order fame. In fact when the commercials first aired in 2005 a collogue of mine who works for Charles Schwab said that everyone in the office was ecstatic that Ameritrade thought Charles Schwab as a competitor in the discount brokerage firm market!

TD Bank Financial Group Comments on TD AMERITRADE’s Announced Acquisition of thinkorswim

    TORONTO, Jan. 8 /CNW/ - TD Bank Financial Group (TSX, NYSE: TD) today
commented on an earlier announcement by TD AMERITRADE Holding Corporation
(NASDAQ: AMTD) of its entry into a definitive agreement to acquire thinkorswim
Group Inc. (NASDAQ: SWIM).
    "We believe this will be a great opportunity for TD AMERITRADE and its
customers," said Ed Clark, President and Chief Executive Officer of TD Bank
Financial Group (TDBFG). "This acquisition will accelerate TD AMERITRADE's
growth, as well as enhance its position in the options trading market and the
investor education space."

    Impact on TDBFG

    The transaction is not expected to materially affect TDBFG's earnings,
nor to have a material capital impact.
    TD AMERITRADE has declared its intention to initiate a new stock buyback
program, which combined with the thinkorswim acquisition, will leave TDBFG's
ownership in TD AMERITRADE materially unchanged.
    The transaction is expected to close within six months, following
regulatory and thinkorswim shareholder approvals, as well as customary closing
conditions.