FTI Consulting (FCN) Announces $250M Accelerated Stock Buyback
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FTI Consulting (NYSE: FCN) 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 than November 12, 2009.
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