The deal is sourced from a joint press release filed as an 8-K exhibit by Cowen Inc. on August 2, 2022, announcing the signed definitive agreement between the two companies.
Perella Weinberg Partners LP served as financial advisor to TD, the acquirer, per the release: "Perella Weinberg Partners LP served as financial advisor, and Simpson Thacher & Bartlett LLP and Torys LLP served as legal advisors to TD." On the target side, Ardea Partners and Perkins Advisors LLC served as financial advisors to Cowen.
Simpson Thacher & Bartlett LLP and Torys LLP served as legal advisors to TD, reflecting both U.S. and Canadian counsel given TD's cross-border structure. Cravath, Swaine & Moore LLP served as legal advisor to Cowen.
The aggregate transaction value of US$1.3 billion and the US$39.00 per-share cash price are both explicitly stated in the release. The transaction was expected to close in the first calendar quarter of 2023, subject to Cowen stockholder approval and required regulatory approvals.
Not disclosed in the reviewed excerpt: whether Perella Weinberg held a lead or co-advisor designation relative to any other TD-side advisors, the specific regulatory approvals required (e.g., Federal Reserve, OSFI), and any termination fee or financing contingency terms. Post-closing leadership details (Jeffrey Solomon joining TD Securities senior leadership) were noted but are not advisory-fee-relevant facts.