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DuCharme, McMillen and Associates Insists It Is Not Being Acquired.

MANews-(C)2009-2017

22 June 2017 - Disputing reports, US-based accounting firm DuCharme, McMillen and Associates, Inc. assured its clients and business partners that DMA is not being acquired by US-based tax services firm Ryan LLC, the firm said.

On 19 June, Ryan announced that it had submitted a proposal to buy DMA.

While DMA confirmed that it had received two unsolicited offers from Ryan this year, DMA rejected both offers following assessments by both DMA's board of directors and the independent third-party trustee of DMA's employee stock ownership plan, GreatBanc Trust Co.

No discussions between DMA and Ryan are ongoing, DMA said.

DuCharme, McMillen and Associates is an accounting firm specialising in tax-consulting services.

Country: USA

Sector: Business and Consumer Services

Target: DuCharme, McMillen and Associates

Buyer: Ryan LLC

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Speculation

Buyer advisor: , ,

Comment: DuCharme, McMillen and Associates insists it is not being acquired, despite receiving offers, and is currently not in talks with Ryan

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Publication:M & A Navigator
Date:Jun 22, 2017
Words:164
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