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Ex-partners offer to buy part of Arthur Young
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Five former Arthur Young consulting partners, fired two weeks
ago for planning to leave the accounting firm, announced Thursday
they want to buy Young's consulting practice for $50 million in cash.
The former partners also said they would be willing to discuss
buying 80 percent of the consulting practice for $30 million and
leaving a 20 percent equity stake in the hands of Arthur Young. The
partners said a New York investment firm has arranged the financing.
Arthur Young in...
Related newspaper, magazine, and journal articles from HighBeam Research
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Arthur Young sues 5 partners // Claims they planned to quit, take clients
Chicago Sun-Times
; ... headquartered. Attempts to reach the five partners named in the suit were unsuccessful. However, Beedie and Bennis told Dow Jones News Service on Friday that they had been fired for "baseless and incorrect reasons." Schornack, who is based in Chicago, said the ...
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Ernst, Arthur Young voting on merger
Chicago Sun-Times
; Ernst & Whinney partners in Chicago are voting today on their firm's proposed merger with Arthur Young & Co., a combination that would create the world's largest accounting firm. Partners in Washington, D.C., cast their votes Tuesday, and Dallas partners will vote tomorrow. Arthur Young partners
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MERGER TO MAKE LARGEST CPA FIRM
The Boston Globe
; NEW YORK - Arthur Young and Co. and Ernst & Whinney will become the largest accounting company in the world as a result of a merger to be announced today. The consolidation of the fifth- and sixth-largest firms will create a global accounting enterprise with 500 offices similar in structure and
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Auditing Firm Accused of Improprieties; SEC: Arthur Young Borrowed From Client
The Washington Post
; The Dallas office of the accounting firm Arthur Young & Co. claimed to be independent auditors of a Texas bank while some of the firm's partners received more than $20 million in loans from the bank, federal regulators charged yesterday. In a lawsuit filed in federal court in Washington, the
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Accounting Merger to Form Giant; Ernst & Young to Be Largest Firm in Field
The Washington Post
; ... sixth-ranked Arthur Young of Cleveland and third-ranked Ernst & Whinney of New York confirmed yesterday during a hastily called news conference in New York that they have agreed in principle to merge into a new firm called Ernst & Young, to be based in New York ...
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