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TD Bank Group Closed Sale of Schwab Stock
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TD Bank Group Closed Sale of Schwab Stock
Feb 12, 2025 2:01 PM

04:41 PM EST, 02/12/2025 (MT Newswires) -- TD Bank Group announced after trade Wednesday it had closed the sale of its entire equity investment in The Charles Schwab Corporation , consisting of 184,678,738 shares in Schwab's common stock representing 10.1% economic ownership. The Bank sold 165,443,530 shares through a registered offering at a price of US$79.25 per share, and Schwab repurchased 19,235,208 shares from TD for a total purchase price of US$1.5 billion.

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