BALA CYNWYD, Pa., Jan. 9, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed acquisition of thinkorswim Group Inc. ("thinkorswim" or the "Company") (Nasdaq:SWIM) by TD Ameritrade Holding Corp. ("TD Ameritrade"). TD Ameritrade has offered thinkorswim shareholders $3.34 a share for their stock plus 0.398 shares of TD Ameritrade stock (approximately $5.37 per share based on TD Ameritrade closing price of $13.48 on January 7, 2009), for a total of approximately $8.71 for each share of thinkorswim. The deal is valued at approximately $606 million. The transaction undervalues thinkorswim stock, which traded at over $10.70 a share as recently as September 2008 and traded at over $17.00 in 2008, both more than the current TD Ameritrade offer price.
If you are a thinkorswim shareholder and wish to discuss the legal ramifications of the proposed acquisition by TD Ameritrade, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.