Deloitte completes BearingPoint Public Services assets acquisition.(business news)(Deloitte Consulting L.L.P.)(Brief article)

NEWYORK -- Deloitte LLP announced that it has closed the acquisition of substantially all of the assets of BearingPoint's North American Public Services practice out of bankruptcy for total consideration of $350 million in cash, subject to adjustment, and the assumption of certain BearingPoint liabilities.

Barry Salzberg, chief executive officer, Deloitte LLP, said: "We welcome the highly talented BearingPoint Public Services team to Deloitte. We are excited about moving forward together with even stronger capabilities to serve our clients and capitalize on the growth potential for federal, state and local business."

Separately, Deloitte was honored with the Points of Light Institute's prestigious Corporate Engagement Award of Excellence, to be given during the 2009 National Conference on Volunteering and Service in San Francisco.

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