HP negotiating $US18b PwC Consulting buyout
- — 12 September, 2000 15:28
"Terms of the transaction have not been agreed upon, and significant issues remain to be resolved, but the parties are contemplating a cash-and-stock acquisition at a price in the $US17 billion to $US18 billion range," said HP in a press release.
A PricewaterhouseCoopers spokesman also confirmed the talks, although neither company would divulge specifics about a potential deal. PricewaterhouseCoopers announced in February that it would deconsolidate its business, selling off its consulting segments.
The acquisition would better position HP to help companies adjust to new business processes as they adopt new technology, said HP.