View the article online at http://citywire.co.uk/new-model-adviser/article/a700415
Baker Tilly investors approve Tenon rescue; 2,300 jobs saved
by Sarah Miloudi on Sep 03, 2013 at 07:52
Baker Tilly shareholders have unanimously approved RSM Tenon's rescue.
In a brief statement, Baker Tilly said the acquisition was now 'formally' complete following a shareholder vote over the weekend.
The deal has saved some 2,300 jobs spread across RSM's 35 UK offices as Baker Tilly said the firm's partners and staff were 'unaffected'.
Recent years have seen RSM, an accountancy and financial advice and services firm, significantly reduce its headcount in an attempt to cut costs and return the business to profitability.
Laurence Longe, Baker Tilly’s national managing partner, said: ‘This merger is an excellent outcome for the clients, partners and staff of both firms.
'Bringing the professional skills, strengths and expertise of Baker Tilly and RSM Tenon together as one firm will significantly enhance our offering to the market and provide further opportunities for growth both nationally and internationally.'
News sponsored by:
Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this article:
by Rosie Sells on Apr 23, 2014 at 11:01