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COWN - Cowen jumps on report Toronto-Dominion bank said to weigh potential purchase
Cowen Inc.
Cowen Inc. ( NASDAQ: COWN ) soared 15% in after hours trading on a report that Toronto-Dominion Bank ( NYSE: TD ) is considering making an offer for the brokerage firm.
The Toronto-based bank is working with advisors to analyze a potential deal for the broker, according to traders, who cited a Bloomberg report. No final decision has been made.