As far as the market is concerned, more than half of the company’s book value is bogus, due to overstated assets, understated liabilities, or some combination of the two. [Jonathan Weil/Bloomberg]
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Eisner, Amper Politziner Playing Coy on Merger Rumors
- Caleb Newquist
- August 10, 2010
NJBiz reports that New York-based Eisner is planning to merge with Edison, NJ-based Amper Politziner & Mattia LLP. The two firms – ranked 24th and 26th in Accounting Today’s most recent list of Top 100 firms – combined would have 1,200 employes and over $250 million in revenue.
This would shoot the combined firm – working name: Eisner Amper – to 14th on the list (based on revenues) ahead of Clifton Gunderson and hot on the heels of Baker Tilly Virchow Krause.
From the looks of it, the merger would benefit Eisner’s presence in the Garden State while APM would have much better access to the NYC market.
Eisner’s CEO Charles Weinstein wasn’t reached for comment and Amper CEO Howard Cohen told NJBiz, “We have no binding legal documents with any firm at this time,” which, as far as we’re concerned, basically means that it’s a done deal and the lawyers are still sorting out the signing pages.
Of course there’s always the slim chance for a board room blowup and the whole thing gets called off but we’re all hoping for the best.
EXCLUSIVE: Amper Politziner plans merger with Eisner [NJBiz via Web CPA]
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