Rediff Logo
Money
Line
Channels:   Astrology | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels:    Auctions | Health | Home & Decor | Tech Education | Jobs | Matrimonial
Line
Home > Money > Reuters > Report
April 2, 2002 | 1725 IST
Feedback  
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      








 Secrets every
 mother should
 know



 Your Lipstick
 talks!



 Make money
 while you sleep.



 Bathroom singing
 goes techno!



 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

Andersen-KPMG merger talks collapse

Talks to merge embattled accounting firm Andersen's non-US operations with KPMG have collapsed, a source close to the negotiations said on Tuesday.

The talks broke down after Andersen Spain, seen as key to the KPMG deal, opted to merge instead with rival Deloitte & Touche, the source said.

Andersen in Latin America is now expected to join with Deloitte, while Singapore, Philippines, Malaysia, Taiwan look set to merge with Ernst & Young, he said.

Andersen has been indicted in the Unites States for its role as auditor of collapsed energy trader Enron. It faces billions of dollars in lawsuits and has suffered a mass exodus of US clients.

ALSO READ:
The Enron Saga
The Rediff Budget Special
Money

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report

ADVERTISEMENT