Andersen Consulting considers going public
The company's partners have met to investigate a stock market flotation as opart of its long-term strategy on a world scale.
The 2,500 partners of Andersen Consulting have met to discuss the firm’s future strategy to accelerate its progress. As a result, they agreed on a need to investigate the feasibility of a partial public offering.
The partners vowed to continue their work around the world that would help them gain a better understanding into the option of a stock market flotation. “We will investigate whether a partial public offering will help us accelerate our strategy while preserving the best qualities of our partnership and the vital entrepreneurial spirit that have made our firm successful,” said Joe Forehand, managing partner & CEO.
Under its strategy, the firm is delivering an expanded range of solutions and services to clients through its consulting and outsourcing business, operating companies, alliances and investments in ventures that employ innovative new technologies and business models. The partners expressed their support for the strategy and for actions that would allow the firm to quicken the pace of progress through greater access capital.