Td to expand its u.s. investment banking business and capabilities with acquisition of cowen inc.

Acquisition will create an integrated north american dealer, significantly accelerating td securities' u.s. growth strategy toronto and new york , aug. 2, 2022 /prnewswire/ - td bank group ("td") (tsx: td) and (nyse: td) and cowen inc. ("cowen") (nasdaq: cown) today announced 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. through this transaction, td securities will accelerate its long-term growth strategy in the united states by acquiring a high-quality and rapidly growing investment bank with outstanding talent and highly complementary products and services.
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