TD Bank Group says it will acquire U.S. investment firm Cowen Inc. in an all-cash transaction valued at CAD $1.67 billion, or CAD $50 for each share of Cowen common stock.
U.S. investment firm Cowen Inc. in an all-cash transaction valued at CAD $1.67 billion, or CAD $50 for each share of Cowen common stock.
TD says once the transaction closes, Cowen chair and CEO Jeffrey Solomon will join the senior leadership of TD Securities.
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