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Piper Sandler to Acquire Cornerstone Macro to Expand Equity Derivatives Strategy and Trading
Friday 15 October 2021

Minneapolis, US-based investment bank Piper Sandler Companies (NYSE: PIPR) has agreed to acquire New York-based macro research and equity derivatives trading provider Cornerstone Macro to strengthen Piper Sandler's position in institutional equities research, sales, and trading, the company said.

The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions. Terms were not disclosed.

Upon closing, Cornerstone Macro will continue providing its research as Piper Sandler and Co.'s macro research team.

Cornerstone Macro produces macro, thematic and quantitative research on global economics, fiscal and tax policy, monetary policy and global asset allocation, portfolio strategy, energy and renewables, and technology.

Piper Sandler was advised by Faegre Drinker Biddle and Reath LLP. Katten Muchin Rosenman LLP and Berkshire Global Advisors served as advisors to Cornerstone Macro in connection with the transaction.
Date Published: 15/10/2021