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
07-05-22 1027ET