A spokesperson for EDS in the US denied a Sunday Business report that the company was interested in acquiring PwC consulting to overcome a ‘growing skills shortage’.
‘We have no plans to do that, or any other acquisitions this year, aside from small tactical ones,’ the spokesperson said, adding that PwC Consulting ‘did not fall into that category.’
According to reports Texas-based EDS was mulling a $7bn (Pounds 4.94bn) bid for the consultancy business.
It quoted EDS’s European president John Meyer as saying: ‘We’re juggling around the idea of bidding for it, though price is the issue, PwC has to reset its expectations.’
In November last year, IT giant Hewlett Packard withdrew its multi-billion dollar bid to buy up the consulting wing of PwC.
HP chairman Carly Fiorina cited an inability to reach a ‘mutually acceptable agreement’ with PwC as the reason for the decision to pull out of the planned acquisition.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
The established building and heritage restoration company has ceased trading following the loss of major tenders