Brokerage TD Ameritrade Holding Corp. and Toronto-Dominion Bank on Monday confirmed they have reached a $4 billion deal to buy privately owned brokerage Scottrade Financial Services Inc. The two-step transaction will involve Scottrade’s banking unit going to TD Bank for $1.3 billion, and Scottrade’s brokerage unit going to TD Ameritrade in a deal valued at $2.7 billion, the companies said in a news release. Shares in Ameritrade fell 1% in thin premarket trading.
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