Toronto-Dominion Bank explores takeover of brokerage Cowen - Bloomberg News

July 1 (Reuters) - Canada's Toronto-Dominion Bank is exploring a takeover deal for U.S. brokerage Cowen, Bloomberg News reported on Friday, citing people familiar with the matter. (bloom.bg/3ya9yib)

TD and Cowen did not immediately respond to Reuters requests for comment.

 

Why the post after 1month?

 

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THAT sort of thing tends to happen a lot in bear markets. I have no idea if the regulators approve it??

 

What things?

 

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TAKE overs. Many times they can afford to pay a premium since a bear market price maybe low

 

My observation is not statistically proven but is anecdotal is that more mergers take place at tops of the market because CEOs have a fear of missing out. Their actions are similar to retail investors.

 

Canadian banks have been buying up American companies throughout the bull market since 2009.

 

Deal inked today.

 

Interesting, I had just shorted more PUTs on TD during my lunch break.

 

Deal was at a reasonable price to pay for Cowen 1xBK value.