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Article: FTI Consulting, Inc. Enters Into $250 Million Accelerated Stock Buyback Agreement With Goldman, Sachs & Co.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WEST PALM BEACH, Fla., Nov. 9 /PRNewswire-FirstCall/ -- FTI Consulting , the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the execution of an accelerated stock buyback agreement with Goldman, Sachs & Co. The Company will repurchase shares under the agreement as part of the $500 million share repurchase program announced on November 4, 2009.
Under the agreement, FTI Consulting will pay $250 million to Goldman Sachs from available cash on hand to repurchase outstanding shares of its common stock and will receive a substantial majority of the shares to be delivered under the agreement ...
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