PwC, Booz & Co agree to conditional merger

Global accounting firm, PricewaterhouseCoopers (PwC), has agreed to a conditional merger with Booz & Company.

Booz & Co is a US-based global management consulting firm active in a broad range of sectors, including energy, healthcare, financial services, telecommunications and Automotive.

“We believe this proposed combination of Booz & Company with our existing Assurance, Advisory and Tax capabilities would create a stand-out professional services organisation that delivers first class quality services to a broad range of stakeholders,” said Dennis Nally, Chairman of PwC.

The two have signed an agreement to that effect and the proposed transaction is conditional on approval by Booz & Co partners.

The deal also requires regulatory approvals and other customary closing conditions.

A public announcement on the deal is expected to be made by the end of the year, officials hinted.

By Ekow Quandzie