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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material under Rule 14a-12
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Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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SUBJECT LINE: The Toronto-Dominion Bank (“TD”) and Cowen Inc (“Cowen”) Announce a Definitive Agreement for TD to Acquire Cowen
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OFFICE OF JEFFERY M. SOLOMON
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ANNOUNCEMENT
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Best-in-class U.S. headquartered equity sales, trading and execution capabilities including a top-tier algorithmic trading operation across multiple venues along with our growing non-U.S. execution business;
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Strong, diversified investment banking business and deep relationships with corporate and financial sponsor clients across important growth verticals;
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Top 10 U.S. centric investment research platform that is one of the largest and most diverse in the industry, covering 985 securities and 45% of the S&P 500, supported by strong policy, ESG and thematic
research; and
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Valuable, unique alternative investment management business.
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the parties’ ability to consummate the proposed transaction in within the expected time-frame or at all;
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the satisfaction or waiver of the conditions to the completion of the proposed transaction, including the receipt of the required approval of the Company’s stockholders with respect to the
proposed transaction and the receipt of regulatory clearances required to consummate the proposed transaction, in each case, on the terms expected or on the anticipated schedule;
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the risk that the parties may be unable to achieve the anticipated benefits of the proposed transaction within the expected time-frames or at all;
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the possibility that competing offers or acquisition proposals for the Company will be made;
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the occurrence of any event that could give rise to the termination of the proposed transaction, including in circumstances which would require the Company to pay a termination fee;
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the effect of the announcement or pendency of the proposed transaction on the Company’s ability to retain and hire key personnel and its ability to maintain relationships with its customers,
clients, vendors and others with whom it does business;
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risks related to diverting management’s attention from the Company’s ongoing business operations; and
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the risk that stockholder litigation in connection with the proposed transaction may result in significant costs of defense, indemnification and liability and may delay the proposed
transaction.
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