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Share Name Share Symbol Market Type
Toronto Dominion Bank TSX:TD Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.31 2.58% 91.84 91.75 91.85 91.84 90.12 90.49 3,913,728 21:14:59

Cowen Shares Jump 21% Amid Possible Acquisition

05/07/2022 3:42pm

Dow Jones News


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By Connor Hart

 

Cowen Inc. shares rose more than 21% after it was reported July 1 that Toronto-Dominion Bank is considering an acquisition of the New York-based brokerage firm.

Toronto-Dominion Bank, a Canadian bank that has been expanding through acquisitions, is working with advisers to study a possible acquisition, but no decision has been made, Bloomberg reported.

Cowen's stock closed July 1 at $24.04 and is currently trading at $29.26. The company's share price is down about 20% for the year.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

July 05, 2022 10:27 ET (14:27 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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