ANNAPOLIS, Md., Oct. 19 /PRNewswire/ -- FTI Consulting, Inc. (Amex: FCN),
announced the pricing of a public offering of 3.5 million shares of its common
stock at a price to the public of $6.50 per share effective today. All shares
were new shares offered by the company. The company will use the net proceeds
of $20.8 million from the offering plus its other financial resources to
retire $25 million of the company's outstanding 17 percent senior subordinated
notes.
Delivery of the shares is scheduled for October 24, 2000. The offering
was lead-managed by ING Barings LLC and co-managed by Janney Montgomery Scott
LLC.
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.
Copies of the prospectus relating to the offering may be obtained from ING
Barings LLC, 55 East 52nd Street, New York, NY, 10055, or Janney Montgomery
Scott LLC, 1801 Market Street, Philadelphia, PA, 19103.
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.fticonsulting.com
CONTACT:
Jack Dunn, Chairman & CEO of FTI Consulting,
410-224-1483; or general, Marilyn Windsor, 312-640-6692, analyst,
Doug Broderick, 312-274-2266, or media, Tim Grace, 312-274-2240,
all of The Financial Relations Board
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