TD Ameritrade acquires thinkorswim in cash-and-stock transaction

By Lisa Kerner

Charlotte, N.C., June 11 - thinkorswim Group Inc. stock will no longer trade on the Nasdaq Stock Market following TD Ameritrade Holding Corp.'s completed acquisition of the company, TD Ameritrade announced on Thursday.

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

As previously reported, each thinkorswim share will be exchanged for $3.34 in cash and 0.398 TD Ameritrade shares.

thinkorswim shareholders will receive a total of $225 million in cash and about 28 million shares of TD Ameritrade.

Lee Barba, former chairman and chief executive officer of thinkorswim, will advise TD Ameritrade president and CEO Fred Tomczyk during the companies' integration, according to TD Ameritrade.

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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