Key Developments For thinkorswim Group Inc.
Ameritrade Holding Corporation Closes Acquisition Of thinkorswim Group Inc.
Ameritrade Holding Corporation announced that it has completed the acquisition of thinkorswim Group Inc.
Ameritrade Holding Corporation To Acquire thinkorswim Group Inc.
Ameritrade Holding Corporation and thinkorswim Group Inc. announced that they have entered into a definitive agreement for TD AMERITRADE to acquire thinkorswim in a cash and stock deal valued at approximately $606 million as of January 7, 2009. The principal terms of the transaction include the following: TD AMERITRADE will acquire thinkorswim for approximately $606 million, which includes $225 million to be paid in cash and the issuance of approximately 28 million shares of TD AMERITRADE common stock to thinkorswim shareholders. At closing, each share of thinkorswim will be exchanged for $3.34 in cash and 0.3980 of a TD AMERITRADE share. TD AMERITRADE and thinkorswim expect the deal to close within the next six months.
INVESTools Inc. Announces Name Change
INVESTools Inc. announced that it has changed its name to thinkorswim Group Inc.
INVESTools Inc. Announces Acquisition Of mytrade.com
INVESTools Inc. announced the acquisition of mytrade.com, an online social-networking content platform for investors at all experience levels. mytrade aggregates news and market data searchable by ticker, insight from over 200 top financial blogs, charts, watch lists, streaming audio and video market commentary and investor education content in a user-customized interface. Terms of the acquisition were not disclosed.
INVESTools Inc.'s Unit Announces Expansion To Canada
INVESTools Inc.'s online brokerage unit, thinkorswim announced its expansion into Canada. Canadian traders and investors will be able to open thinkorswim accounts and trade using thinkorswim's cutting- edge trading technology and participate in its educational programs. thinkorswim is now available to residents of Ontario and thinkorswim is working toward obtaining regulatory approval in Canada's other provinces.
