Canada’s TD Gets Regulatory Nod for $1.3 Billion Purchase of Cowen

Toronto-Dominion Bank (TD) logos outside of a branch in Ottawa, Ontario, Canada, on May 26, 2016. Chris Wattie/Reuters

Canada’s Toronto-Dominion Bank has received all regulatory approvals to complete its $1.3 billion acquisition of New York-based boutique investment bank Cowen Inc., the companies said on Friday.

The deal is expected to close on March 1, they said.