TD Receives Regulatory Approval To Acquire Cowen Inc.; Expects The Acquisition To Close On March 1, 2023; Financial Terms Not Disclosed

Author: Happy Mohamed | February 24, 2023 09:46am

TD Bank Group ("TD") (TSX:TD) (NYSE:TD) and Cowen Inc. ("Cowen") (NASDAQ:COWN) today announced they have received all regulatory approvals required under their merger agreement to complete TD's acquisition of Cowen. With this step completed, TD expects the acquisition to close on March 1, 2023, subject to the satisfaction of other customary closing conditions.

Cowen provides highly complementary strengths to TD Securities' existing businesses. When finalized, the acquisition will add new capabilities in U.S. equities, including a strong sales, trading and execution platform as well as a renowned global research platform. Cowen also adds scale and expertise in industry coverage, middle-market sponsors coverage, M&A advisory and public and private capital markets.

Posted In: COWN TD TSX:TD