ANNAPOLIS, Md., Sept. 6 /PRNewswire/ -- FTI Consulting, Inc. (Amex: FCN),
the premier national provider of strategic and litigation-related consulting
services, today announced that it filed a registration statement with the
Securities and Exchange Commission (SEC) for a common stock offering. The
company intends to sell 3.0 million new shares of its common stock.
Additionally, certain shareholders, primarily non-management shareholders who
have assisted the company with prior financings, are offering up to 1.5
million shares of common stock.
Proceeds from FTI's portion of the offering will be used to repay the
company's existing subordinated debt. The underwritten offering, which will
be made only by means of a prospectus, will be lead-managed by ING Barings LLC
and co-managed by Janney Montgomery Scott LLC.
Jack Dunn, FTI's chairman and chief executive officer, stated, "I am very
pleased that our growth, including our recent acquisition of Policano & Manzo
L.L.C., has laid the foundation for this offering. The use of proceeds should
go a long way to strengthen our financial position, expand our shareholder
base and position us for acquisitions and future growth."
A registration statement relating to these securities has been filed with
the SEC but has not yet become effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the registration statement
becomes effective. This announcement shall not constitute an offer to sell or
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.
About FTI Consulting
FTI Consulting is a multi-disciplined consulting firm with leading
practices in the areas of financial restructuring, litigation consulting and
engineering/scientific investigation. Modern corporations, as well as those
who advise and invest in them, face growing challenges on every front. From a
proliferation of "bet-the-company" litigation to increasingly complicated
relationships with lenders and investors in an ever-changing global economy,
U.S. companies are turning more and more to outside experts and consultants to
meet these complex issues. FTI is dedicated to helping corporations, their
advisors, lawyers, lenders and investors meet these challenges by providing a
broad array of the highest quality professional practices from a single
source.
For further information regarding FTI Consulting, Inc. free of charge via
fax, dial 1-800-PRO-INFO and enter "FCN"
FTI is on the Internet at http://www.fticonsulting.com and at http://www.ftiwarroom.net.
SOURCE FTI Consulting, Inc.
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Related links:
http://www.ftiwarroom.net
CONTACT:
Jack Dunn, Chairman & CEO of FTI Consulting,
410-224-1483; or General Inquiries, Marilyn Windsor,
312-640-6692, Analyst Inquiries, Doug Broderick, 312-274-2266, or
Media Inquiries, Tim Grace, 312-274-2240, all of The Financial
Relations Board /Web site: http://www.fticonsulting.com
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