Business Services Industry
Tech banker up for sale; major institutions eyeing Cowen & Co.
Crain's New York Business, January, 1998 by Birger, Jon
Major institutions eyeing Cowen & Co. Cowen & Co., one of New York's last remaining midsize investment banks, has put itself up for sale. Cowen has hired merger-and-acquisition powerhouse Lazard Freres & Co. to pursue the sale of the firm, sources say. Cowen is asking for at least $300 million and has had recent discussions with five major financial institutions, including Paris-based Societe Generale and Boston-based BankBoston Corp.
"Cowen would make sense for any number of U.S. bank holding companies that are looking to create an equity platform," says a senior executive with one potential suitor. The two Lazard bankers representing Cowen, Kendrick Wilson and Gary Shedlin, would not comment. Mr. Wilson is in charge of Lazard's M&A department. Cowen...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
