PwC And Booz & Co. Sign Conditional Agreement To Merge - Quick Facts

(RTTNews) - PwC and Booz & Co., global management consulting firm focused on serving and shaping the senior agenda of leading institutions, announced Monday that they have signed a conditional merger agreement.

Booz & Co stated that the proposed transaction is conditional on approval by Booz & Company partners, receipt of required regulatory approvals, and other customary closing conditions.

The Booz & Company partner vote is scheduled to take place in December and a further public announcement is expected by the end of the year.

"We have an unwavering commitment to helping our clients succeed. This has been our mantra since our founder, Edwin Booz, invented the management consulting profession almost 100 years ago," said Cesare Mainardi, CEO of Booz & Company.

Dennis Nally, Chairman of PricewaterhouseCoopers International, said "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."