Charles Schwab to Reportedly <br />Purchase TD Ameritrade .<br />On Nov. 21, numerous sites reported that <br />Charles Schwab is in talks to buy TD Ameritrade.<br />The deal would reportedly <br />be worth $26 billion. .<br />It would also occur merely one month after<br />both companies announced their plans to<br />eliminate commissions for online trading. .<br />TD Ameritrade CEO Tim Hockey<br />initially hinted at the possible<br />selling of the company in an<br />interview with CNN last month. .<br />During the interview, Hockey said TD Ameritrade would<br />“always take a look at something that makes strategic sense.”.<br />The merging of these two financial <br />service companies would reportedly create <br />more than $5 billion in combined assets. .<br />According to the CEO of<br />Apex Clearing, Bill Capuzzi,<br />the merger was “inevitable.” .<br />On the heels of all the zero-commission<br />announcements, this was the inevitable next<br />shoe to drop. A merger would make a lot of sense, Bill Capuzzi, to CNN.<br />As of Thursday afternoon, shares of both Charles Schwab and TD Ameritrade were up 8 percent and 20 percent, respectively.
