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Cowen Group (COWN) to Acquire Investment Bank Dahlman Rose

February 4, 2013 7:39 AM EST Send to a Friend
Cowen Group, Inc. (Nasdaq: COWN) and Dahlman Rose & Company, LLC, entered a definitive agreement under which Cowen will acquire Dahlman Rose, a privately-held investment bank specializing in the energy, metals and mining, transportation, chemicals and agriculture sectors. 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 the first quarter of 2013, is subject to customary closing conditions and regulatory approval.

Willkie Farr & Gallagher LLP acted as legal advisor to Cowen on this transaction. Morgan Lewis & Bockius, LLP acted as legal advisor to Dahlman Rose for this transaction.




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