TD Bank Financial Group (TDBFG) and Ameritrade Holding Corporation have confirmed that they are in discussions regarding a potential transaction involving TD Waterhouse USA.
In a brief statement, the companies have said they will make no further comment until an agreement is reached.
Although, according to Reuters, the two online discount brokerages are reportedly discussing a possible merger that analysts say could be worth up to $3 billion, with Ameritrade holding the lion’s share of the newly combined company.