Cowen

Cowen, Inc. engages in the provision of financial services. It operates through following the segments: Operating Company and Asset Company. The Operating Company segment consists of the Cowen Investment Management, Investment Banking, Markets, and Research divisions. The Asset Company segment consists of the firm’s private investments, private real estate investments, and other legacy investment strategies. The firm offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services, and actively managed alternative investment products. The company was founded in 1918 and is headquartered in New York, NY.

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Toronto-Dominion Bank

Toronto-based TD Bank Group announced on Wednesday (March 1) that it has completed the acquisition of New York-based Cowen Inc. as it builds out its investment banking business and capabilities. First revealed in August 2022, the all-cash transaction valued at $1.

TD Bank Completes Cowen Acquisition to Deepen Investment Banking Footprint

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 Conversion shall not apply to shares of Series A Preferred Stock that holders have elected prior to the date hereof to voluntarily convert in accordance with Certificate of Designations. The conversion date of the Mandatory Conversion is March 1, 2023 (the “Mandatory Conversion Date”). Dividends on shares of Series A Preferred Stock to be converted in connection with the Mandatory Conversion have ceased to accumulate as of the Mandatory Conversion Date. In accordance with the terms of the Certificate of Designations, the Series A Preferred Stock to be converted in connection with the Mandatory Conversion will be settled in cash on March 6, 2023.

Cowen Announces Mandatory Conversion of Series A Preferred Stock

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.

TD completes acquisition of Cowen Inc.

Toronto-Dominion's (TD) planned acquisition of Cowen (COWN) is expected to close on Mar 1. The deal will be accretive to its earnings and generate revenue synergies going forward.

Toronto-Dominion (TD) & Cowen (COWN) Get Nod for Merger Deal

TORONTO and NEW YORK , Feb. 24, 2023 /PRNewswire/ - TD Bank Group ("TD") (TSX: TD) (NYSE: TD) and Cowen Inc. ("Cowen") (NASDAQ: COWN) today announced they have received all regulatory approvals required under their merger agreement to complete TD's acquisition of Cowen. With this step completed, TD expects the acquisition to close on March 1, 2023, subject to the satisfaction of other customary closing conditions.

TD Receives Regulatory Approval to Acquire Cowen Inc.

Cowen (COWN) delivered earnings and revenue surprises of 123.08% and 20.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cowen Group (COWN) Beats Q4 Earnings and Revenue Estimates

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced its operating results for the fourth quarter and full year ended December 31, 2022.

Cowen Announces Financial Results for Full Year 2022

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cowen (COWN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Cowen (COWN) Is Still a Bargain Stock

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) will release its fourth quarter 2022 financial results on Friday, February 17, 2023.

Cowen To Report Fourth Quarter 2022 Financial Results On February 17, 2023

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Cowen Group (COWN) Stock?

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Company's 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”).

Cowen Declares Quarterly Dividend on Its Series A Cumulative Perpetual Convertible Preferred Stock

Are Investors Undervaluing Cowen Group (COWN) Right Now?

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Cowen (COWN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Cowen (COWN) Is Attractively Priced Despite Fast-paced Momentum

The Toronto-Dominion Bank is buying Cowen for $39 in cash per share. The acquirer is a huge Canadian bank and the target is a small U.S. player.

Cowen Deal Spread Leaves 1.06% Of Upside To Toronto-Dominion Deal Closing

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Cowen Research Publishes Annual Themes Outlook

NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) -- 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.

Cowen Stockholders Approve Acquisition by TD Bank Group

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Cowen (COWN) delivered earnings and revenue surprises of 35.71% and 19.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cowen Group (COWN) Surpasses Q3 Earnings and Revenue Estimates

NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced its operating results for the third quarter ended September 30, 2022.

Cowen Announces Financial Results for Third Quarter 2022

NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) will release its third quarter 2022 financial results on Friday, October 28, 2022.

Cowen to Report Third Quarter 2022 Financial Results on October 28, 2022

NEW YORK--(BUSINESS WIRE)--Clear Sky Advisers, LLC (“Clear Sky”), an investment manager dedicated to investing and acting sustainably, today announced that it has hired John Holl as President of North American Carbon and President of Environmental Trading. Mr. Holl joins Clear Sky from ACT Commodities, where he served as Head of Business Development. In that role, he managed relationships between the environmental commodity sector and the financial services sector to further expand their access

Clear Sky Advisers Hires John Holl as President of North American Carbon and President of Environmental Trading

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NEW YORK , Sept. 28, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Cowen Inc. (NASDAQ: COWN)'s  sale to TD Bank Group for $39.00 per share.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates COWN, ADES, CSVI

NEW YORK, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced four key additions to the firm's global Cross-Asset Division. Eric Friel has joined the firm as Managing Director & Head of Credit Strategy, Charles Howard as Managing Director of Cross-Asset Trading and Rob Karen and Pete Siedem both as Directors in Cross-Asset Sales. All will report to Jay McDermott and Burt Welly, Co-Heads of Cowen's Cross-Asset Division, and Philip Cushman, Head of Global Equity and Cross-Asset Sales.

Cowen Continues To Build Leading Cross-Asset Team With Four Significant Hires

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NEW YORK, Aug. 22, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: PBF Logistics LP (NYSE: PBFX)'s  sale to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest. If you are a PBF Logistics shareholder, click here to learn more about your rights and options.

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