TD Ameritrade's acquisition of thinkorswim set to close on Thursday

By Lisa Kerner

Charlotte, N.C., June 9 - thinkorswim Group Inc. said its stockholders approved the company's acquisition by TD Ameritrade Holding Corp. at a special meeting on Tuesday.

The deal is expected to close on Thursday.

TD Ameritrade agreed in January to acquire thinkorswim in a cash-and-stock transaction valued at approximately $606 million.

According to thinkorswim, its stockholders will receive $3.34 in cash and 0.398 TD Ameritrade shares for each thinkorswim share held.

"We are pleased with the approval vote, which allows us to proceed with a transaction that we believe represents significant value for thinkorswim stockholders, while creating a combined organization with unparalleled breadth and depth of resources to serve the active trader and investor education markets," thinkorswim chairman and chief executive officer Lee Barba said in a company news release.

TD Ameritrade is an Omaha securities brokerage services and technology-based financial services company.

thinkorswim is an online brokerage and investor education company based in Chicago.

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