Cowen Group, Inc. Completes Acquisition of Dahlman Rose & Company, LLC
NEW YORK -- March 11, 2013
Cowen Group,Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced
that it completed its previously announced acquisition of Dahlman Rose &
Company, LLC (“Dahlman Rose”), a privately-held investment bank specializing
in the energy, metals and mining, transportation, chemicals and agriculture
sectors. Financial terms of the all-stock transaction were not disclosed.
About Cowen Group,Inc.
Cowen Group,Inc. is a diversified financial services firm and, together with
its consolidated subsidiaries, provides alternative investment, investment
banking, research, and sales and trading services through its two business
segments: Ramius and its affiliates make up the Company’s alternative
investment segment, while Cowen and Company and its affiliates make up the
Company’s broker-dealer segment. Its alternative investment products,
solutions and services include hedge funds, replication products, managed
futures funds, fund of funds, real estate and health care royalty funds. Cowen
and Company and its affiliates offer industry focused investment banking for
growth-oriented companies, domain knowledge-driven research and a sales and
trading platform for institutional investors. Founded in 1918, the firm is
headquartered in New York and has offices located in major financial centers
around the world.
Cowen Group, Inc.
Stephen Lasota, 212-845-7919
Sard Verbinnen & Co
Dan Gagnier/Carissa Ramirez, 212-687-8080
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