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FTI Consulting, Inc. Enters Into $250 Million Accelerated Stock Buyback Agreement With Goldman, Sachs & Co.

Publication: PR Newswire
Publication Date: 09-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
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 by no later...



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