Big for TD if true
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How would this help TD?
this is a joke right lol
most people are bullish on MM M&A and TD has a bunch of cash on its BS
TD is a big bank but does not have a strong presence in the U.S. Cowen is a solid MM player so this would significantly expand TD's IB exposure in the U.S.
Could anyone lend any insight into how a deal like this might affect incoming Cowen analysts? Specifically m&a in the US
You’re fucked, would recommend reneging offer ASAP
Bumping this after new WSJ article: https://www.wsj.com/amp/articles/td-bank-nears-deal-to-buy-cowen-11659391934
Confirmed for $1.3bn cash
https://www.marketscreener.com/quote/stock/COWEN-INC-32134081/news/Cana…;
How would that affect TD securities' recruiting process for SA 2023?
In Canada or in the US? In Canada, I doubt there will be any change.
How about the US
It won’t have any effect. Relax man
Can someone explain how Cowen is being acquired for less than its revenue
TL;DR, FIG.
FIG is a good answer
Take a look at their 10K and compare their revenue to expense, especially comp expense. They may generate a good chunk of revenue but they have low margins. Price to earnings ratio is a better metric.
Intern moment
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