FTI Consulting says 3.75% notes remain convertible through July 15

By Susanna Moon

Chicago, April 15 - FTI Consulting, Inc. said its $150 million of 3.75% senior subordinated convertible notes due July 15, 2012 continue to be convertible at the option of the holders through July 15.

The notes remain convertible because the closing price of the company's common stock exceeded $37.50 per share, or 120% of the conversion price of $31.25 per share, for at least 20 out of 30 consecutive trading days ended April 15.

After July 15, the company said it would issue a press release only if the notes are no longer convertible.

Holders who elect to convert will receive cash for the lesser of the $1,000 principal amount of the notes and the conversion value. The company may elect to pay any amount in excess of the $1,000 principal with shares, cash or a combination.

Wilmington Trust Co. (302 636-6056) is the conversion agent.

FTI Consulting is a Baltimore-based consulting firm.

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