Business News

You can't buy much for $1, except maybe a global company. Why PwC could be sold for less than the price of a stamp

Written by My Nguyen, Senior Lecturer in Finance, RMIT University

In a move that has taken the business world by surprise, PwC Australia this week offloaded its government consultancy business to Allegro Funds for just $1.

It’s what’s known as a peppercorn transaction.

Peppercorn transactions, which involve a minimal payment to fulfil the requirements of a legal contract, are not as...

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