Deloittes declines comment on Andersen buy
Deloitte and Touche has refused to comment on news that it is in acquisition talks with Andersen.
In a statement, the firm dismissed the comment as ‘speculation’ and said ‘we are not commenting.’
Earlier today, the New York Times revealed talks had been taking place in New York between the Big Five firms’ chief executives Joe Berardino and James Copeland, as well as several partners, and legal and financial advisers.
Citing sources involved in the discussions, the newspaper said no decision had been reached on whether Andersen would be sold whole or in pieces.
A Deloittes spokesman in New York said earlier the firm ‘has been conducting ongoing scenario planning in response to the current and projected state of the profession.’
But he added: ‘It is not our practice to discuss the details of any such planning in public.’
According to US accountancy experts, Andersen’s recent loss of clients and fears of mass resignations among employees, has left the company with no choice but to seek out a partner among the Big Five.