FTI Consulting (FCN) Announces $250M Accelerated Stock Buyback
Up)
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.
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.
You May Also Be Interested In
- FTI Consulting Appoints Asia Technology Team, Expands Full-Service Asia Pacific Technology Practice
- FTI Consulting President & CEO Jack Dunn recognized as one of 'Top 25 Consultants' for 2012 by Consulting Magazine
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
