TD Bank Group received all regulatory approvals required under its merger agreement to complete its acquisition of Cowen. With this step completed, TD expects the acquisition to close on March 1, subject to the satisfaction of other customary closing conditions.
Cowen provides complementary strengths to TD Securities’ existing businesses. When finalized, the acquisition will add new capabilities in U.S. equities, including a sales, trading and execution platform as well as a global research platform. Cowen also adds scale and expertise in industry coverage, middle-market sponsors coverage, M&A advisory and public and private capital markets.
