COWN - Mergers and acquisitions

NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that TD Bank Group has completed the acquisition of Cowen. In connection with the completion of the acquisition, Cowen has elected to cause all outstanding shares of its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock ("Series A Preferred Stock") to be automatically converted (the "Mandatory Conversion") at a conversion rate of 39.4664, to be settled in cash for $1,539.19 per share of Series A Preferred Stock, in accordance with the certificate of designations of the Series A Preferred Stock (the "Certificate of Designations"); provided that the Mandatory Conve

Deal accelerates U.S. growth of TD Securities TORONTO and NEW YORK, March 1, 2023 /PRNewswire/ - TD Bank Group ("TD") (TSX:TD) (NYSE:TD) and Cowen Inc. ("Cowen") (NASDAQ:COWN) today announce that TD has completed the acquisition of Cowen. "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," said Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. The acquisition advances TD Securities' long-term growth strategy in the United States and adds highly complementary products and services to TD Securities' existing