TD Bank's acquisition of Cowen Inc.

Elvinger Hoss Prussen acted as Luxembourg legal counsel to The Toronto-Dominion Bank in relation to its acquisition of Cowen Inc, in an all-cash transaction valued at US$1.3 billion, or US$39 for each share of Cowen common stock. The transaction, which has been approved by the boards of directors of TD and Cowen, is expected to close in the first calendar quarter of 2023.

Partner Karl Pardaens led the Elvinger Hoss Prussen team composed of Counsel Katrien Veranneman, Senior Associates Cristina Beniog and Maxime Thiercé and Associate Benjamin Bontemps.