March 15, 2005 |
Discount brokerage pioneer Charles Schwab Corp. sued the TD Waterhouse Group Inc. on Monday, alleging that its rival's advertisements falsely labeled Schwab as a high-priced firm with inferior service. The trade libel complaint filed in state court underscores Schwab's determination to reclaim its reputation as a bargain brokerage.
June 7, 2007 |
TD Ameritrade Holding Corp. said Wednesday that the online brokerage would consider a merger as it finished integrating TD Waterhouse's U.S. retail securities business. Ameritrade's stock rose 76 cents, or 3.8%, to $20.71, a 52-week high. The Omaha, Neb.-based company disclosed late Tuesday in a regulatory filing that it had received a letter from investment funds Jana Partners and S.A.C. Capital Advisors urging the company to make a deal. The funds said they owned 8.4% of Ameritrade's shares.
June 1, 2005 |
Online discount brokerages Ameritrade Holding Corp. and TD Waterhouse USA are discussing a possible merger, the companies said Tuesday. Analysts said a deal could be worth up to $3 billion and probably would be structured so Ameritrade owned the lion's share of the combined company. Omaha-based Ameritrade last month rebuffed a takeover overture from rival E-Trade Financial Corp., which offered Ameritrade shareholders 47.5% of the combined company plus $1.5 billion in cash.
January 14, 2004 |
A combination of the online operations would form the second-largest U.S. discount broker, analysts say. In what could be the final stage of its long hunt for a U.S. partner, Toronto-Dominion Bank said Tuesday that it was in talks to merge its U.S.-based TD Waterhouse online brokerage with discount rival E-Trade Financial Corp.
January 21, 2004 |
Two of the biggest online brokerages, E-Trade Financial Corp. and TD Waterhouse, said they had ended talks about combining their operations. "Both companies agree that while there were potential benefits to concluding a transaction that merited serious discussion, they were unable to arrive at mutually agreeable terms," the companies said in a news release Sunday. The companies confirmed last week that they were talking about a possible combination.
August 23, 2001 |
TD Waterhouse Group Inc., the No. 2 U.S. discount brokerage after Charles Schwab, Wednesday posted a quarterly loss after charges for layoffs and branch closings, as customers cut back on trading stocks in the slumping market. The New York company reported a net loss of $21.8 million, or 6 cents a share, for the three months ended July 31, compared with a year-earlier profit of $34.5 million, or 9 cents a share. Revenue fell 26% to $257 million.