Nov 25 (Reuters) - Charles Schwab (NYSE:SCHW) Corp SCHW.N :
* THE CHARLES SCHWAB CORPORATION TO ACQUIRE TD AMERITRADE
* CHARLES SCHWAB CORP - SCHWAB TO ACQUIRE TD AMERITRADE IN AN ALL-STOCK TRANSACTION VALUED AT APPROXIMATELY $26 BILLIO
* CHARLES SCHWAB CORP - UNDER AGREEMENT, TD AMERITRADE STOCKHOLDERS WILL RECEIVE 1.0837 SCHWAB SHARES FOR EACH TD AMERITRADE SHARE
* CHARLES SCHWAB CORP - DEAL INCLUDED RENEGOTIATION OF INSURED DEPOSIT ACCOUNT (IDA) AGREEMENT BY SCHWAB AND TD BANK, TO BE EFFECTIVE AT CLOSING
* CHARLES SCHWAB - DEAL EXPECTED TO BE 10-15% ACCRETIVE TO GAAP EPS, 15-20% ACCRETIVE TO OPERATING CASH EPS IN YEAR 3, POST-CLOSE
* CHARLES SCHWAB - TD AMERITRADE BOARD SUSPENDED PREVIOUSLY DISCLOSED CEO SEARCH, NAMING STEPHEN BOYLE, TD AMERITRADE CFO, AS INTERIM PRESIDENT, CEO
* CHARLES SCHWAB CORP - IDA AGREEMENT BY SCHWAB AND TD BANK WAS EXTENDED FOR A 10-YEAR TERM BEGINNING IN 2021
* CHARLES SCHWAB CORP - SERVICING FEE PAID BY SCHWAB ON BALANCES WITHIN IDA WAS REDUCED BY 10 BASIS POINTS
* CHARLES SCHWAB CORP - OVER TIME, SCHWAB WILL HAVE OPTION TO REDUCE BALANCES ROUTED TO IDA SWEEP PROGRAM, SUBJECT TO CERTAIN RESTRICTIONS
* CHARLES SCHWAB CORP - STEPHEN BOYLE, WILL ASSUME LEADERSHIP OF TD AMERITRADE EFFECTIVE IMMEDIATELY
* CHARLES SCHWAB CORP - CURRENT ESTIMATES ARE FOR ABOUT $1.8 TO $2 BILLION RUN-RATE EXPENSE SYNERGIES RELATED TO DEAL
* CHARLES SCHWAB CORP - SOME OF EXPENSE SYNERGIES COMBINED FIRM EXPECTS TO REALIZE WILL COME FROM ELIMINATION OF OVERLAPPING AND DUPLICATIVE ROLES
* CHARLES SCHWAB CORP - POST-DEAL CLOSING, TORONTO-DOMINION BANK WILL HAVE AN ESTIMATED AGGREGATE OWNERSHIP POSITION OF ABOUT 13% IN COMBINED CO
* CHARLES SCHWAB CORP - ADDITIONAL SYNERGIES RELATED TO DEAL ARE EXPECTED TO BE ACHIEVED THROUGH REAL ESTATE, ADMINISTRATIVE AND OTHER SAVINGS
* CHARLES SCHWAB - TORONTO-DOMINION BANK'S VOTING STAKE WILL BE CAPPED AT 9.9% WITH BALANCE OF POSITION HELD IN A NEW, NON-VOTING CLASS OF SCHWAB STOCK
* CHARLES SCHWAB - TRANSACTION INCLUDED A RENEGOTIATION OF INSURED DEPOSIT ACCOUNT AGREEMENT BY SCHWAB AND TD BANK, TO BE EFFECTIVE AT CLOSING
* CHARLES SCHWAB - TD BANK AND SOME OF ITS STOCKHOLDERS, SOME STOCKHOLDERS ASSOCIATED WITH CHARLES SCHWAB AGREED TO VOTE THEIR SHARES IN FAVOR OF DEAL
* CHARLES SCHWAB CORP - FOLLOWING CLOSE OF DEAL, TD BANK WILL HAVE RIGHT TO NAME TWO NEW SEATS ON SCHWAB BOARD
* CHARLES SCHWAB CORP - FOLLOWING CLOSE OF DEAL, TD AMERITRADE WILL NAME A SINGLE DIRECTOR
* CHARLES SCHWAB- IDA AGREEMENT BY CO, TD BANK EXTENDED FOR 10-YEAR TERM STARTING 2021, SERVICING FEE PAID ON BALANCES WITHIN IDA CUT BY 10 BASIS POINTS
* CHARLES SCHWAB CORP - AS PART OF INTEGRATION, CORPORATE HEADQUARTERS OF COMBINED COMPANY WILL EVENTUALLY RELOCATE TO SCHWAB'S NEW CAMPUS IN WESTLAKE
* CHARLES SCHWAB CORP - OVER TIME, SCHWAB WILL HAVE OPTION TO REDUCE BALANCES ROUTED TO IDA SWEEP PROGRAM, SUBJECT TO CERTAIN RESTRICTIONS
* CHARLES SCHWAB CORP - NAMED SENIOR EVP AND COO JOE MARTINETTO TO OVERSEE INTEGRATION INITIATIVE RELATED TO DEAL