trending Market Intelligence /marketintelligence/en/news-insights/trending/vyqit9lcBXSQZhuukqg31g2 content esgSubNav
In This List

TD Ameritrade shareholders selling common stock

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


TD Ameritrade shareholders selling common stock

TD Ameritrade Holding Corp. shareholders have agreed to sell a total of 27,685,493 common shares.

Based on the closing share price of $52.69 on Dec. 12, S&P Global Market Intelligence calculates a gross offering size of $1.46 billion.

The selling shareholders are the Rodger O. Riney Family Voting Trust U/A/D12/31/2012, the Paula & Rodger Riney Foundation and the St. Louis Community Foundation Inc. TD Ameritrade previously issued the trust the same number of shares in connection with the company's acquisition of Scottrade Financial Services Inc. The trust subsequently transferred 4,545,066 shares to Rodger Riney, who transferred 2,545,066 shares to the Paula & Rodger Riney Foundation and 2 million shares to the St. Louis Community Foundation.

Upon completing the offering, the selling shareholders will no longer own any of TD Ameritrade's shares. The amount of shares in the offering represent about 4.9% of the company's outstanding common stock.

Goldman Sachs & Co. LLC will act as underwriter.