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Article: FTI Consulting To Buy Back $250 Million Of Shares From Goldman, Sachs.
- Article from:
- Investrend
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. 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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Nov 10, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/10/fti-consulting-to-buy-back-250-million-of-shares-from-goldman-sachs/)
November 10, 2009 (FinancialWire) -- FTI Consulting (NYSE: FCN) has executed an accelerated stock buyback agreement with Goldman, Sachs & Co. 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,
FTI said it will receive a majority of the shares to be delivered under the agreement by no later than November 12.
The company will repurchase shares under the agreement as ...
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