Will Online Brokers Join the M&A Rush?

Two hedge funds are pushing TD Ameritrade to merge with a rival; S&P thinks industry consolidation could be positive for shareholders

Shareholders with a significant stake in TD Ameritrade (AMTD; $21) are pushing for it to merge with other online brokerages, and it's a positive development for the company's shares, which were 4.2% higher in afternoon NASDAQ trading June 6.

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