PwC and Booz & Company Combination is Approved by Booz & Company Partners

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NEW YORK, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Following the announcement of a conditional merger agreement earlier this year between PwC and Booz & Company, Booz & Company has today announced that its partners have approved the combination. Subject to completion of regulatory approvals and other closing conditions, the transaction is expected to conclude in March 2014.

Commenting on today's announcement by Booz & Company, Dennis Nally, Chairman of PricewaterhouseCoopers International said: "We are delighted the Booz & Company partners have approved combining with PwC and we look forward to welcoming them and their colleagues into the PwC network. This combination between PwC and Booz & Company will deliver an enhanced range of services for our clients, wider opportunities for our people and a clear focus on serving all of our stakeholders with quality and integrity.

"The combination of PwC and Booz & Company will create the stand out professional services organisation in the world, working with a full range of stakeholders to build trust and solve important problems from strategy through execution."

PwC member firms' partners are not required to vote on the deal.

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Source: PwC