Baker Tilly has confirmed that it is reviewing a takeover bid for troubled top 10 accounting firm RSM Tenon, signalling continued consolidation in the mid-tier market.
Following the BDO/PKF merger earlier this year, RSM Tenon confirmed in a regulatory statement to the market that Baker Tilly had put forward an unsolicited approach for the firm, which could lead to an offer being made for the entire issued share capital of Tenon.
Tenon has so far provided information to Baker Tilly to help facilitate their investment evaluation process.
Baker Tilly also confirmed in a response that it...
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