Cowen Group Inc. (Nasdaq: COWN) and Dahlman Rose & Co. LLC has signed a definitive agreement under which Cowen will acquire Dahlman Rose.
This acquisition is an all-stock transaction and financial terms of the deal were not disclosed. The definitive agreement was approved by the board of directors of both companies.
The transaction, which is expected to close by the end of 1Q 2013, is subject to customary closing conditions and regulatory approval. Willkie Farr & Gallagher LLP acted as legal advisor to Cowen. Morgan Lewis & Bockius LLP acted ...