Simpson Reps Schwab In $1B OptionsXpress Buy
Under the terms of the deal, optionsXpress stockholders will receive 1.02 shares of Schwab stock for each of their shares. An optionsXpress share will be valued at $17.91, based on Schwab’s closing stock price on Friday.
Both companies will retain their separate brand identities, at least for now, they said. The deal is expected to close in...
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