TD Ameritrade Holding Corporation
TD AMERITRADE (AMTD) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of TD Ameritrade Holding Corporation
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of TD Ameritrade Holding Corporation (NASDAQGS: AMTD) (“TD Ameritrade” or the “Company”) relating to the sale of the Company to The Charles Schwab Corporation (“Charles Schwab”). On November 25, 2019, the two parties announced the signing of a definitive merger agreement pursuant to which Charles Schwab will acquire TD Ameritrade in a merger in a deal worth $26 billion. As a result of the merger, TD Ameritrade shareholders are only anticipated to receive 1.0837 shares of Charles Schwab stock in exchange for each share of TD Ameritrade.
Andrews & Springer is investigating whether TD Ameritrade’s board of directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Andrews & Springer’s investigation so far has revealed that the consideration TD Ameritrade shareholders are expected to receive is inadequate. While the Company claims that shareholders will receive a mere 17% premium for their shares, Charles Schwab stock is still trading less than TD Ameritrade’s 52-week high trading price of $57.38.
If you currently own shares of TD Ameritrade and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/td-ameritrade-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.