Facing expensive and disruptive antitrust investigations in North America and Europe, Ernst & Young and KPMG Peat Marwick called off plans Friday for a megamerger that would have created the world's largest accounting and consulting firm, with US$18.3 billion in global revenue.
Merger Nixed
Facing expensive and disruptive antitrust investigations in North America and Europe, Ernst & Young and KPMG Peat Marwick called off plans Friday for a megamerger that would have created the world's largest accounting and consulting firm, with US$18.3 billion in global revenue.