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Deloitte
Deloitte Announces Agreement to Acquire Assets of BearingPoint Public Services Practice
April 12th, 2009
Deloitte announced that it has signed an asset purchase agreement to acquire substantially all of the assets of the North American Public Services practice of BearingPoint out of bankruptcy for total consideration of $350 million in cash and the assumption of certain BearingPoint liabilities. BearingPoint is a global management and technology consulting company that filed for Chapter 11 bankruptcy protection on February 18, 2009. The agreement is subject to approval by the bankruptcy court, which may consider competing bids, and there can be no assurance that the purchase will be consummated. Deloitte stated: "The acquisition of BearingPoint's Public Services practice...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-12)
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