Stockholders of Investools approve a share issuance

Salt Lake-based investor education company Investools Inc. said Wednesday that its stockholders have voted to approve the issuance of company common-stock shares in connection with the proposed merger of thinkorswim Group Inc. with a wholly owned Investools subsidiary.

Thinkorswim is a retail online brokerage firm.

Investools said it expects the merger to close once the transaction receives regulatory approval. At a special meeting, its stockholders approved proposals to increase the authorized common stock from 60 million shares to 100 million shares and approved an amendment to the company's 2001 stock option plan to increase the number of shares of common stock available for issuance from 8 million to 12 million shares.