TD Bank Group has closed on the sale of the entirety of its equity investment in The Charles Schwab Corporation (184,678,738 shares or 10.1 percent economic ownership). In total, 165,443,530 shares were sold through a registered offering valued at a price of US$79.25 per share, while Schwab repurchased 19,235,208 shares for a total purchase price of US$1.5 billion. TD will maintain its business relationship with Schwab through the Insured Deposit Account (IDA) Agreement.
Epicure calls it quits
British Columbia-based Epicure, a food distribution company that has built a loyal following, is the latest direct sales operation to cease operations, citing financial challenges as the reason for...
