Thinkorswim to be acquired by TD

It is simple. The great thinkorswim company which I loved it with their great support team is now going to be acquired by TD AMERITRADE.

TD AMERITRADE will acquire thinkorswim for approximately $606 million.

TD AMERITRADE will retain key members of thinkorswim management. Mr. Barba will have an active role in the transition, and thinkorswim founders Tom Sosnoff and Scott Sheridan will join TD AMERITRADE after the transaction closes.

The transaction is subject to approval by thinkorswim stockholders, regulatory approvals and customary closing conditions. TD AMERITRADE and thinkorswim expect the deal to close within the next six months.

So if you want to get into the stock market, be sure to do it fast and get into it before the acquisition since the terms and fees might be changed after the acquision.

News in TD site

Letter in PDF

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