Transactions & Cases Detail



Transaction/Case Details

TD Waterhouse completes US$606 million acquisition of ThinkOrSwim Canada

DATE CLOSED

June 11, 2009

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto

VALUE

606 Million USD


OVERVIEW

On June 11, 2009, TD Waterhouse Canada Inc. acquired thinkorswim Canada, Inc. from online brokerage firm TD Ameritrade Holding Corporation. The acquisition was completed immediately after the NASDAQ traded TD Ameritrade closed its US$606 million acquisition of NASDAQ traded thinkorswim Group Inc. on the same day. The Toronto-Dominion Bank has an investment in TD Ameritrade and TD Waterhouse is a wholly owned subsidiary of TD Bank.

ThinkOrSwim, headquartered in New York, New York, is an American brokerage offering live and online investor education services.

McCarthy Tétrault LLP represented TD Waterhouse Canada, with a team led by Philip Moore.

 

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