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Andersen partners consider partial IPO

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New York-In a move that underscores the consulting industry's desire to tap the capital markets, Andersen Consulting's 2,500 partners have agreed to consider selling part of their firm in an initial public offering. Other details were not available. Published estimates value Andersen's proposed partial sale at between $25 billion and $30 billion. Andersen recently split from its sister company, Arthur Andersen Inc., and will announce a new name in early November.
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