Combines Leading Investor Education Firm with Top-Ranked Online Brokerage Platform
INVESTools (NASDAQ:IEDU), a leading provider of investor education solutions, announced its plans to merge with thinkorswim, a leading retail option brokerage, in a transaction valued at approximately $340 million. INVESTools’ continuing education offerings on options complement thinkorswim’s award-winning options-oriented execution platform, creating a unique business model with the ability to offer differentiated product offerings for the retail investor.
Updata Capital provided a fairness opinion to INVESTools with respect to the transaction.
