FTI Consulting, Inc. Announces $50 Million Stock Buyback Program
November 05 2015 - 09:00AM
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm
dedicated to helping organizations protect and enhance their
enterprise value, today announced that on November 5, 2015, the
Company’s Board of Directors authorized a stock repurchase program,
under which FTI Consulting may repurchase up to $50 million of its
outstanding common stock at any time for a period of up to six
months.
Under the program, FTI Consulting may repurchase shares in
open-market purchases in accordance with all applicable securities
laws and regulations, including Rule 10b-18 of the Securities
Exchange Act of 1934, as amended. The specific timing and amount of
repurchases will be determined by FTI Consulting's management, in
its discretion, and will vary based on market conditions,
securities law limitations and other factors. The program may be
suspended or discontinued at any time without prior notice, and the
Board may choose to cancel the program or to replace it with a
longer-term authorization at any time during the six month period.
The repurchases may be funded using available cash on hand or a
combination of cash and borrowings under the Company’s senior
secured revolving bank credit facility.
About FTI ConsultingFTI Consulting, Inc. is a
global business advisory firm dedicated to helping organizations
protect and enhance enterprise value in an increasingly complex
legal, regulatory and economic environment. With more than 4,400
employees located in 26 countries, FTI Consulting professionals
work closely with clients to anticipate, illuminate and overcome
complex business challenges in areas such as investigations,
litigation, mergers and acquisitions, regulatory issues, reputation
management, strategic communications and restructuring. The Company
generated $1.76 billion in revenues during fiscal year 2014. More
information can be found at www.fticonsulting.com.
Safe Harbor StatementThis press release
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, which involve
uncertainties and risks. Forward-looking statements include
statements, without limitation, regarding plans for share
repurchases. When used in this press release, words such as
"estimates," "expects," "anticipates," "projects," "plans,"
"intends," "believes," "forecasts," "may" and variations of such
words or similar expressions are intended to identify
forward-looking statements. All forward-looking statements are
based upon our expectations at the time we make them and various
assumptions. Our expectations, beliefs and projections are
expressed in good faith, and we believe there is a reasonable basis
for them. However, there can be no assurance that management's
plans will be achieved. Factors that could cause changes to our
plans include risks described under the heading "Item 1A Risk
Factors" in the Company's most recent Form 10-K and in the
Company's other filings with the Securities and Exchange
Commission. We are under no duty to update any of the
forward-looking statements to conform such statements to actual
result or events and do not intend to do so.
Investor & Media Contact:
Abaigeal Healy
+1.617.747.1727
abaigeal.healy@fticonsulting.com
FTI Consulting (NYSE:FCN)
Historical Stock Chart
From Feb 2024 to Mar 2024
FTI Consulting (NYSE:FCN)
Historical Stock Chart
From Mar 2023 to Mar 2024