FTI Consulting's $150 million 3.75% notes are no longer convertible

By Melissa Kory

Cleveland, Oct. 18 - FTI Consulting, Inc. announced that its $150 million of 3.75% senior subordinated convertible notes due July 15, 2012 are no longer convertible, effective Oct. 16 through Jan. 15, 2011.

The cause is that the closing price of FTI's common stock for at least 20 trading days in the 30 consecutive trading days ended Oct. 15 was less than the conversion price of $37.50 per share.

FTI is a business advisory firm based in West Palm Beach, Fla.

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