Wednesday, 30 October 2013

Wall Street Oasis - Investment Banking & Finance Community: Pricewaterhouse to Buy Booz Consulting Firm

Wall Street Oasis - Investment Banking & Finance Community
The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play. 
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Pricewaterhouse to Buy Booz Consulting Firm
Oct 31st 2013, 03:55, by pr0ficient

Dennis Nally, the chairman of PricewaterhouseCoopers International

Sad day for the people at Booz...

From dealbook:

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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