Costa Mesa auditor eyeing Ernst & Young...

Costa Mesa auditor eyeing Ernst & Young offices

Costa Mesa auditor Resources Connection Inc. has entered final

talks to acquire Ernst & Young’s Netherlands subsidiary, the company

announced Wednesday.

Resources Connection expects to complete the purchase of Ernst &

Young’s six Netherlands offices by June 30 for an undisclosed sum,

Chief Executive Donald Murray said.

“With the opportunity to acquire [the division], Resources

Connection hopes to continue building an independent international

alternative for professional level services that the big audit firms

may be restricted to provide,” Murray said.

Resources Connection, founded in 1996 by a breakaway group from

Deloitte & Touche, is a professional services firm that provides

auditing, accounting, finance, human resources, information

technology and other services.

Shares of RECN closed Friday at $20.95, which was up 30 cents, or

1.45%, on he day.

Water Pik succeeding with commercial boilers

A new line of commercial boilers are finding a niche with mid- and

upper-level commercial buyers, Newport Beach-based Water Pik

Technologies Inc. announced Wednesday.

Water Pik’s Laars Pennant and Laars Rheos boilers, which were both

introduced over the past year, were cited by the company.

The boilers are used in commercial buildings.

Water Pik has manufactured gas-fired water-heating products for

more than 50 years. The company also manufactures automatic

toothbrushes, showerheads, faucet filters and pool heaters.

Shares of PIK closed Friday at $6.22 for a loss of 22 cents, or

2.2%, from the day before.