Sad day for the people at Booz...
PricewaterhouseCoopers said on Wednesday that it had agreed to buy the consulting firm Booz & Company, bolstering its advisory business.
Financial terms of the transaction were not disclosed, though Booz & Company is expected to be PricewaterhouseCoopers's biggest acquisition in several years.
Still, the union of the two firms is likely to bring scrutiny from regulatory agencies around the world as it again raises the issue of an accounting firm's buildup of consulting businesses that could pose conflicts of interest.
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