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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 488 |
Essay's paper body
Ameritrade values the TD Waterhouse purchase at $2.5 billion (Krantz, 2005).
Outcome
The deal of acquiring TD Waterhouse by Ameritrade is the biggest yet for the company. The new name of the company is TD Ameritrade. The combined company would have 5.9 million accounts. It will also be the third largest in the industry behind the leader Charles Schwab and Fidelity Investments...
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It will also be the third largest in the industry behind the leader Charles Schwab and Fidelity Investments. TD Ameritrade would have annual revenue of more than $1.8 billion and net income of $557 million (Krantz, 2005).
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