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TD Bank Group Announces Closing of Sale of Schwab Stock
TD Bank Group Announces Closing of Sale of Schwab Stock Canada NewsWire TOR...
About this update from Toronto-dominion Bank
[{"type":"text","content":"\n\n\n\n TD Bank Group Announces Closing of Sale of Schwab Stock\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Feb. 12, 2025\n \n\n /CNW/ - TD Bank Group (\"TD\" or the \"Bank\") (TSX: TD) (NYSE: TD) today announced the closing of the sale of its entire equity investment in The Charles Schwab Corporation (\"Schwab\") (NYSE: SCHW), consisting of 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank sold 165,443,530 shares through a registered offering at a price of\n \n US$79.25\n \n per share, and Schwab repurchased 19,235,208 shares from TD for a total purchase price of\n \n US$1.5 billion\n \n .\n \n\n This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n \n\n Schwab has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (\"SEC\") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Schwab has filed with the SEC, including the prospectus supplement dated\n \n February 10, 2025\n \n , for more complete information about Schwab and this offering. You may get electronic copies of these documents for free by visiting EDGAR on the SEC website at\n \n www.sec.gov\n \n . Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained from: TD Securities (\n \n USA\n \n ) LLC, 1 Vanderbilt Avenue,\n \n New York, NY\n \n 10017, telephone: 1 (855) 495-9846 or by email at\n \n [email protected]\n \n ; or (ii) Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street,\n \n New York, NY\n \n 10282, telephone: 1 (866) 471-2526, facsimile: (212) 902-9316 or by email at\n \n Prospectus-ny@ny....