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Charles Schwab is acquiring Chicago-based online brokerage optionsXpress Holdings Inc. for about $1 billion, the companies announced Monday.
OptionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock, under the terms of the deal, which is expected to close in the third quarter of 2011. Get the full story »
OptionsXpress Holdings Inc.’s chief executive said the company followed all required procedures for a big special dividend to be paid under rules that confused many investors.
The Chicago brokerage’s shares dipped as much as 14 percent before the open last Tuesday as investors wrongly thought that holding shares through the previous day, the so-called “record” date of Dec. 13, would entitle them to the $4.50 per-share payout. Get the full story »
Online brokerage optionsXpress Holdings Inc. said it will return about $259 million to shareholders as special dividend payout in the absence of “value-creating” acquisition opportunities. Get the full story »
Online brokerage optionsXpress Holdings Inc. reported quarterly profit above expectations on lower expenses and taxes. Get the full story »
OptionsXpress Holdings, which provides brokerage services for equity options and futures trading, said Wednesday that trading activity slowed in July even as total client assets grew. Get the full story »
