Toronto-Dominion Bank has gotten every regulatory approval to complete its $1.3 billion purchase of New York-based boutique investment bank, Cowen Inc., the companies said recently.
According to the companies, the deal is expected to close on March 1.
TD announced the buyout in August, building on its plan to expand in the United States. In February 2022, the bank signed a $13.4 billion deal to buy U.S.-based First Horizon Corp.
As expected, the First Horizon deal will close on May 27, three months later than the deadline set by the companies.
Cowen offers investment banking, research, sales and trading and prime brokerage services.
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