Cowen Group announced that it has signed a definitive agreement to buy Dahlman Rose. The purchase is an all-stock transaction, although the price was not disclosed.

Cowen made the deal because of the privately held Dahlman Rose's areas of expertise. Cowen quoted its own CEO, Peter Cohen, as saying that "Dahlman Rose's expertise in energy, transportation, metals and mining, chemicals, and agriculture is a strong complement to Cowen core sectors of health care, technology, media, telecommunications, consumer, aerospace and defense/industrials, and REITs."

The transaction is expected to close by the end of March. It is subject to regulatory approval.

The article Cowen Group to Acquire Dahlman Rose originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Cowen Group. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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