Cowen Stockholders Approve Acquisition by TD Bank Group
15 Novembro 2022 - 1:34PM
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.
The transaction, which is expected to close in the
first calendar quarter of 2023, remains subject to customary
closing conditions, including receipt of certain regulatory
approvals.
About Cowen Inc.Cowen Inc.
(“Cowen” or the “Company”) is a diversified financial services firm
offering investment banking services, equity and credit research,
sales and trading, prime brokerage, global clearing, commission
management services and actively managed alternative investment
products. Cowen focuses on delivering value-added capabilities to
our clients in order to help them outperform. Founded in 1918, the
firm is headquartered in New York and has offices worldwide. Learn
more at Cowen.com.
Forward-Looking StatementsThis
communication contains certain forward-looking statements
that may constitute “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In some cases, you can identify
these statements by forward-looking terms such as “may,”
“might,” “will,” “would,” “could,” “should,” “expect,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “project,”
“possible,” “potential,” “intend,” “seek” or “continue,” the
negative of these terms and other comparable terminology or similar
expressions.
These forward-looking statements
represent only Company’s beliefs regarding future events (many of
which, by their nature, are inherently uncertain and beyond
Company’s control) and are predictions only, based on Company’s
current expectations and projections about future events. There are
important factors that could cause Company’s actual results, level
of activity, performance or achievements to differ materially from
those expressed or implied by
the forward-looking statements, including, among
others:
- the parties’ ability to consummate
the proposed transaction in within the expected time-frame or at
all;
- the satisfaction or waiver of the
conditions to the completion of the proposed transaction, including
the receipt of regulatory clearances required to consummate the
proposed transaction, in each case, on the terms expected or on the
anticipated schedule;
- the risk that the parties may be
unable to achieve the anticipated benefits of the proposed
transaction within the expected time-frames or at all;
- the occurrence of any event that
could give rise to the termination of the proposed transaction,
including in circumstances which would require the Company to pay a
termination fee;
- the effect of the announcement or
pendency of the proposed transaction on the Company’s ability to
retain and hire key personnel and its ability to maintain
relationships with its customers, clients, vendors and others with
whom it does business;
- risks related to diverting
management’s attention from the Company’s ongoing business
operations; and
- the risk that stockholder
litigation in connection with the proposed transaction may result
in significant costs of defense, indemnification and liability and
may delay the proposed transaction.
In particular, you should consider the risks
outlined under Item 1A - “Risk Factors” in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2021 and the
Company’s Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2022, June 30, 2022 and September 30, 2022, and
subsequent reports Company has filed with the SEC. Although the
Company believes the expectations reflected in
the forward-looking statements are reasonable, the
Company cannot guarantee future results, level of activity,
performance or achievements. Moreover, none of the Company or any
other person assumes responsibility for the accuracy or
completeness of any of these forward-looking statements.
You should not rely upon forward-looking statements as
predictions of future events. These forward-looking statements
speak only as of the date on which they are made, and the Company
undertakes no obligation to update any of
these forward-looking statements after the date they are
made except to the extent required by applicable law. Further
disclosures that the Company makes on related subjects in
additional filings with the SEC should be consulted.
Investor Relations Contact:Steve Lasota, Chief
Financial Officer(212) 845-7919Stephen.Lasota@cowen.com
Source: Cowen Inc.
Cowen (NASDAQ:COWN)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Cowen (NASDAQ:COWN)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024