The consulting arms were sold to Atos Origin SA on 16 August 2002 in a transaction valued at ? ¬657m (£454m), which was paid in a combination of cash and instruments convertible into shares of Atos Origin SA. The deal created a top five European IT consultancy, with fees of £2.4bn.
Those instruments were converted into shares on August 16th, 2003 and a total of 1,871,359 shares were privately placed.
At the time of the transaction, KPMG committed to the SEC that it would dispose of the shares within 3 years of the date of the transaction.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel