By Colin KellaherShares of Cowen Inc. rose more than 5% in premarket trading Tuesday after The Wall Street Journal reported that the investment bank is near a deal to be acquired by Toronto-Dominion Bank for more than $1 billion. TD Bank could announce a deal valuing Cowen at around $39 a share as early as Tuesday, the Journal reports, citing people with the matter.

Source: Wall Street Journal August 02, 2022 10:57 UTC