FTI Consulting Defers Commencement of Equity Offering
Offering of 2.1 million shares deferred due to market conditions
Annapolis, MD - November 26, 2002
ANNAPOLIS, MD, November 26, 2002—FTI Consulting, Inc. (NYSE: FCN), the premier national provider of bankruptcy, financial restructuring and litigation-related consulting services, today announced that it has decided to defer its planned equity offering of 2.1 million shares based on the volatility of the general equity markets and the company's common stock.
The Company stated that it will continue the registration process and monitor the situation so that it can respond quickly if, as and when, in its judgment, market conditions improve. The offering would not be expected to occur until the first quarter of 2003.
A registration statement relating to the company's common stock has been filed with the Securities and Exchange Commission but has not yet become effective. This common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the 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 bankruptcy, financial restructur ing and litigation-related services. 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,