Thinkorswim Group Inc.
|Thinkorswim Group Inc.|
|Key People||Joel Blom, CEO; Kristine Ross, CFO; Tom Sosnoff, founder; Scott Sheridan, founder|
The stock and cash deal gave shareholders of thinkorswim 0.3980 of a TD Ameritrade share plus $3.34 in cash for each of their shares. TD Ameritrade management said on a conference call that it expected the deal to boost fiscal 2010 earnings by 3 percent to 7 percent, and by 10 percent to 15 percent after Thinkorswim was fully integrated. The deal was expected to yield $55 million in cost savings. 
In February 2007, Investools merged with thinkorswim, and in June 2008, the group adopted the name of its brokerage subsidiary, thinkorswim, for its corporate identity, changing the listed holding company's name from Investools, Inc. to Thinkorswim Group Inc.
Products and Services
The key people at Think or Swim included:
- Joel Blom, CEO
- Tom Sosnoff, Co-Founder
- Don Roberts, Managing Director
- Scott Sheridan, Founder
- Kristine Ross, CFO