Announced
Completed
Financials
Tags
financial advisory
investment banking
Majority
Acquisition
Cross Border
financial services
Public
United States
Investment Banking
Friendly
Single Bidder
Completed
Synopsis
TD Bank Group, a Canadian multinational banking and financial services corporation, completed the acquisition of Cowen, a diversified financial services firm that provides investment banking, research, sales and trading, prime brokerage, outsourced trading, global clearing, and commission management services, for $1.3bn. "We are very pleased to welcome Cowen to TD. Together, with greater scale, broader capabilities and deeper resources, we will continue to serve clients with excellence and accelerate the growth of TD Securities," Bharat Masrani, TD Bank Group President and CEO. On February 24, 2023, TD receives regulatory approval to acquire Cowen
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