BALTIMORE (AFX) - FTI Consulting Inc., an accounting and consulting firm, said Tuesday it completed the acquisition of the privately held FD International Ltd. for about $260 million.
The deal was announced Sept. 11. FTI said the purchase price consists of up to $215 million in cash, $20 million in notes and deferred purchase obligations and $25 million of restricted FTI stock. FTI said the buyout of the financial communications and consulting firm will help 2007 earnings.
FTI also said Tuesday it closed a private offering of $215 million of senior notes due 2016, and plans to use net proceeds to fund some of the FD acquisition.
In addition, the company said it amended its revolving credit facility under improved terms, increasing its credit to $150 million from $100 million and extending the terms through September 2011.
Shares of FTI Consulting ended the day down 5 cents at $24.70 on the New York Stock Exchange.
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