ANDERSEN-DTT ADD
March 1st, 2002
BY ALAN OSBORN
THE EUROPEAN Commission has taken no decision yet on whether to review the possible merger between Arthur Andersen and Deloitte Touche Tohmatsu, a spokeswoman for the competition commissioner Mario Monti told Acountancy Age, although its rules suggest that it would almost inevitably do so. The Commission has authority to examine mergers where combined world-wide turnover exceeds Euro 5 billion and where European sales are more than Euro 250 million. A merged firm would easily meet these criteria.
THE EUROPEAN Commission has taken no decision yet on whether to review the possible merger between Arthur Andersen and Deloitte Touche Tohmatsu, a spokeswoman for the competition commissioner Mario Monti told Acountancy Age, although its rules suggest that it would almost inevitably do so. The Commission has authority to examine mergers where combined world-wide turnover exceeds Euro 5 billion and where European sales are more than Euro 250 million. A merged firm would easily meet these criteria.
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