Post-closing, parts of the combined business will be known as TD Cowen, a division of TD Securities.
3 Mins
August 02, 2022 | 11:18 PM BST
Bharat Masrani, Group President and CEO, TD Bank Group. Source: TD
TD Bank Group (TD) (TSX: TD) and (NYSE: TD) and Cowen Inc. (Cowen) (NASDAQ: COWN) have entered into a definitive agreement for TD to acquire Cowen in an all-cash transaction valued at US$1.3 billion, or US$39 for each share of Cowen common stock.
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