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Cowen Stockholders Approve Acquisition By TD Bank Group For ~$1.3B Or $39/Share In An All-Cash Transaction

Benzinga · 11/15/2022 11:36

Cowen Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that at a special meeting of stockholders held earlier today, its stockholders approved the previously announced definitive agreement for Cowen to be acquired by TD Bank Group in an all-cash transaction valued at approximately $1.3 billion, or $39 for each share of Cowen common stock.

The transaction, which is expected to close in the first calendar quarter of 2023, remains subject to customary closing conditions, including receipt of certain regulatory approvals.