World domination, or just a need for self-preservation?

Article Abstract:

It is becoming clear that there are differences between the mergers planned by accounting firms Ernst and Young and KPMG and Price Waterhouse and Coopers and Lybrand. KPMG and Ernst and Young are not attempting to convince clients that a merger would necessarily be entirely to their benefit, and have been honest about the need to reduce costs. They point out that KPMG has a strong presence in Europe, and the merged operation would thus prevent the domination of accounting by the US. In contrast, Price Waterhouse and Coopers and Lybrand are emphasizing the likely impact of their merger in creating jobs in continental Europe.

KPMG, Ernst & Young L.L.P., Price Waterhouse L.L.P.

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Why bigger is not always beautiful

Article Abstract:

There are mixed views in the UK about the merger of accounting firms Price Waterhouse and Coopers & Lybrand. Both firms have stated that they need to merge as they are currently being prevented from expanding. They also believe that merging will place them in a position to benefit from opportunities in emerging economies. However, some observers believe that the merger will increase the costs of information technology and bring significant diseconomies of scale. The success of the merger will ultimately depend on the attitude of clients.

Mergers, acquisitions and divestments

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Coopers and PW to join forces in 8bn pounds sterling merger

Article Abstract:

Leading accounting firms Coopers and Lybrand and Price Waterhouse are planning to merge. This would create an operation which would be the largest company in the UK, with around 50% of FTSE 100 companies being its audit clients. The merger has come as a response to growing pressure from global clients for a single high standard of advice worldwide. The merged operation will have 135,000 employees and revenues of more than $13 billion.

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