03:27 AM EST, 02/11/2025 (MT Newswires) -- Charles Schwab Corp ( SCHW ) said Tuesday it priced a secondary offering by TD Group US Holdings of about 165.4 million shares of the company's common stock at $79.25 per share for expected gross proceeds of about $13.1 billion.

The offering is expected to close this Wednesday, subject to customary closing conditions. Following the completion of the secondary offering and the previously announced $1.5 billion share repurchase by the company from TD, TD will have disposed of all its shares in Charles Schwab ( SCHW ).

The company said it will not receive any proceeds from the offering.