Toronto-Dominion Bank Weighs Takeover of Cowen, Sources Say, Bloomberg Reports
01 Juli 2022 - 11:14PM
Dow Jones News
By Kathryn Hardison
--Toronto-Dominion Bank, a Canadian bank that's been expanding
through acquisitions, is considering a deal for the brokerage firm
Cowen Inc., Bloomberg reported Friday, citing people familiar with
the matter.
--The Toronto-based bank is working with advisers to study a
possible acquisition, according to the report.
--No decision has been made, the report said, citing people
familiar with the matter.
--Representatives of TD and Cowen could not be immediately
reached for comment by Bloomberg, according to the report.
Representatives also did not immediately return requests for
comment to Dow Jones Newswires.
Shares of Cowen are up 18% in after-hours trading.
Full story:
https://www.bloomberg.com/news/articles/2022-07-01/toronto-dominion-said-to-explore-takeover-of-us-brokerage-cowen?srnd=premium
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
July 01, 2022 16:59 ET (20:59 GMT)
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