Santander to acquire Amherst Pierpont for $600m.

Santander, a Spanish multinational financial services company, agreed to acquire Amherst Pierpont, an independent fixed-income broker dealer, for $600m. "This acquisition is consistent with our customer focused strategy and our commitment to profitable growth in the USA. It complements our product offerings and capabilities, allowing us to strengthen our relationships with our corporate and institutional clients. The Amherst Pierpont team bring a successful track record and experience in delivering value for their clients. We look forward to incorporating their many strengths into our very successful and growing CIB organization," Ana Botín, Santander Group Executive Chairman.