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Andersen in Merger Talks With KPMG
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Andersen in Merger Talks With KPMG
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Newspaper Article
Andersen in Merger Talks With KPMG
2002
Overview
They said the merger talks center on how to structure a deal that would allow KPMG to buy Andersen's foreign affiliates and other portions of the company that might not carry liability from its audit of Enron Corp. Already, Andersen partner firms in Spain, Chile and Canada have talked about arranging separate mergers. KPMG would acquire the U.S. operations of Andersen at a later date, once its Enron liabilities were determined, sources familiar with the talks said. Andersen is seeing a daily erosion of major clients. On Friday, Sara Lee Corp., Brunswick Corp., and Northeast Utilities joined the list of about 50 companies that have dismissed Andersen since December.
Publisher
Los Angeles Times Communications LLC
