June 4, 2020 / 1:01 PM / in a month

Charles Schwab gets DOJ approval to buy TD Ameritrade

June 4 (Reuters) - Charles Schwab Corp said on Thursday it has received anti-trust approval from the Department of Justice for its purchase of TD Ameritrade Holding Corp .

Charles Schwab last November agreed to buy TD Ameritrade in an all-stock deal valued at $26 billion. The merger could create a brokerage giant in a market that has been ravaged by price wars.

CNBC first reported the news on Thursday. (Reporting by C Nivedita in New Delhi; Editing by Sriraj Kalluvila)

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