‘The reaction of PA’s board and management committee is that the proposal, if agreed, opens up exciting growth opportunities, both for our company and all our staff, so we should take it seriously,’ said a statement released to Management Consultancy.
‘If this merger goes ahead, PA would retain its own identity, indeed grow as other parts of SAIC were brought into our organisation, and the focus would be on maximising the growth potential of the new organisation.’
The merger could be confirmed as early as next week, according to the Financial Times, with the privately owned management consultancy’s staff receiving bonuses on their shareholding.
A successful deal could see 3,000 PA Consulting staff benefit from a windfall. However the statement read: ‘As yet the talks are preliminary, and we have no formal agreement or letter of intent between the two companies.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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.