View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 18, 1997updated 03 Sep 2016 12:27pm

COOPERS & LYBRAND PLANS MERGER WITH PRICE WATERHOUSE

By CBR Staff Writer

Further consolidation amongst the world’s accountancy monoliths was announced on Thursday, with Coopers & Lybrand and Price Waterhouse planning to merge their practices world-wide. The news, which also came as a surprise to most of the firms partners, will mean the creation of a firm with $13bn of fee income from 8,500 partners and 135,000 employees. If approved, the merger will be effective early 1998. Part of the logic behind the merger is to bring Cooper’s strengths in human resource consulting together with Price Waterhouse’s successful packaged software and IT implementation division, providing a better level of global support to the partnership’s equally massive clients. Coopers has also built up strong business in the telecommunications sector, while Price Waterhouse has done well in media. Partners in the two firms will be invited to vote on the deal later this year. Top of the agenda is likely to be the huge weight of litigation outstanding against both firms, for which the partners are jointly and severally liable.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU