TD Bank Group sells 10.1% stake in Charles Schwab, Schwab repurchases some shares

From Nasdaq: 2025-02-12 18:30:21

TD Bank Group has completed the sale of its 10.1% stake in The Charles Schwab Corporation, totaling 184.7 million shares. They sold 165.4 million shares via a registered offering at $79.25 per share, with Schwab repurchasing 19.2 million shares for $1.5 billion. Following the sale, TD closed at $59.95, down 1.2%, and further declined to $59.91 or 0.07% lower after hours on the NYSE.



Read more at Nasdaq: TD Bank Group Closes Sale Of Schwab Stock