PwC and Booz & Company announced they have signed a conditional merger agreement. The proposed transaction is conditional on approval by Booz & Company partners and receipt of required regulatory approvals.
Dennis Nally, Chairman of PricewaterhouseCoopers International, says: "We believe this proposed combination of Booz & Company with our existing Assurance, Advisory and Tax capabilities would create a stand-out professional services organization that delivers first class quality services to a broad range of stakeholders. In particular, it would give CEOs the opportunity to work with a global consulting team that could provide services from strategy development right through to execution. This proposed merger would only add to that strength."
The Booz & Company partner vote is scheduled to take place in December.
"We have an unwavering commitment to helping our clients succeed, says Cesare R. Mainardi, CEO of Booz & Company. "This has been our mantra since our founder, Edwin Booz, invented the management consulting profession almost 100 years ago. Our goal is to help clients identify and build the differentiating capabilities they need to win. This potential combination would not only deliver on this innovative value proposition but would also help reinvent management consulting for the next century."
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