Cowen Group (COWN) to acquire LaBranche & Co. (LAB) in a stock-for-stock merger worth around...

|About: Cowen Group, Inc. (COWN)|By:, SA News Editor

Cowen Group (COWN) to acquire LaBranche & Co. (LAB) in a stock-for-stock merger worth around $193M. It's a 16% premium to LaBranche's closing price yesterday. (PR)