BearingPoint Inc., a consulting company based in McLean, Va., that filed for Chapter 11 bankruptcy protection in February, will sell most of its assets, with Deloitte picking up the consulting firm's U.S. government business.
According to a company statement, “BearingPoint and Deloitte have entered into an asset purchase agreement by which Deloitte will purchase a significant portion of BearingPoint’s largest business unit, Public Services, for a price of $350 million, subject to adjustment and customary closing conditions.”
Wednesday, April 1, 2009
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