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Charles Schwab’s $26B Acquisition of TD Ameritrade Approved, HQ Relocation to Texas Advances

San Francisco-based Charles Schwab’s $26-billion acquisition of TD Ameritrade received Justice Department antitrust clearance on Thursday. Shareholders of both companies overwhelmingly approved the deal at a special virtual shareholders meetings held Thursday. The deal is expected to close in the second half of the year.

Schwab’s Walt Bettinger says, “The combination will generate substantial long-term value for Schwab’s stockholders, and bring together two leading firms with proud and similar histories of making investing more accessible to all.”

When the deal was first announced last year, Schwab indicated the combined company would be based in the Dallas-Fort Worth community of Westlake. Schwab plans to maintain a commitment to the Bay Area though, with a small percentage of roles shifting to Texas over time. The company said the vast majority of San Francisco-based positions aren’t expected to be impacted by the HQ move to Westlake, and it continues to hire and maintain a large corporate presence in the city.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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