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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

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FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 24, 2003

 

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FTI Consulting, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Maryland		001-14875		52-1261113
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

900 Bestgate Road, Suite 100, Annapolis, Maryland		21401
(Address of Principal Executive Offices)		(ZIP Code)

 

Registrant’s telephone number, including area code: (410) 224-8770

 

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Item 5.

Other Events and Required FD Disclosure.

 

On September 24, 2003, FTI Consulting, Inc. announced that it is engaged in discussions to acquire the Dispute Advisory Services business of KPMG LLP. The full text of the press release is set forth in Exhibit 99.1 hereto.

 

Item 7.

Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c) Exhibits.

 

99.1

Press Release dated September 24, 2003, of FTI Consulting, Inc.

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: October 2, 2003

 

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EXHIBIT INDEX

 

Exhibit		Description
99.1		Press Release dated September 24, 2003, of FTI Consulting, Inc.

 

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                                                                    Exhibit 99.1

                                               news

[LOGO]|WEBER SHANDWICK                         RE:   FTI Consulting, Inc.
      |FINANCIAL COMMUNICATIONS                      900 Bestgate Road
                                                     Annapolis, MD 21401
                                                     (410) 224-8770

FOR FURTHER INFORMATION:

AT FTI CONSULTING:         AT FRB|WEBERSHANDWICK:

Jack Dunn         Marilyn Windsor       Lisa Fortuna         Tim Grace
Chairman & CEO    General Inquiries     Analyst Inquiries    Media Inquiries
(410) 224-1483    (702) 515-1260        (312) 640-6779       (312) 640-6667

FOR IMMEDIATE RELEASE
WEDNESDAY, SEPTEMBER 24, 2003

        FTI CONSULTING ENGAGED IN DISCUSSIONS TO ACQUIRE DISPUTE ADVISORY
                                SERVICES OF KPMG

ANNAPOLIS, MD, September 24, 2003--FTI Consulting, Inc. (NYSE: FCN), the premier
national provider of turnaround, bankruptcy and litigation-related consulting
services, today announced that it is engaged in substantive discussions with
KPMG LLP, the U.S. accounting and tax firm, to acquire its Dispute Advisory
Services (DAS) business. A majority of the DAS partners and principals
contemplated to be part of the transaction have already expressed their
intention to join FTI, subject to consummation of the transaction.

The DAS business assists clients in the analysis and resolution of all phases of
complex disputes in a variety of forums, including litigation, arbitration,
mediation, and other forms of dispute resolution.

Detailed terms of the acquisition are being negotiated at this time between the
parties and their representatives. Consummation of the transaction, which the
parties presently intend to occur during the fourth quarter of 2003, is subject
to completion by FTI of certain due diligence, the negotiation and execution of
definitive purchase, transition services and other agreements, and the receipt
of certain regulatory and third-party approvals and consents, including the
expiration or early termination of applicable Hart-Scott-Rodino pre-acquisition
waiting periods. FTI presently intends to fund the purchase price and associated
transaction costs from its available cash on hand.

There can be no assurance that any definitive agreement will be entered into or,
if entered into, that a transaction will be consummated.

About FTI Consulting
FTI Consulting is a multi-disciplined consulting firm with leading practices in
the areas of turnaround, bankruptcy and litigation-related consulting 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

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FTI Consulting, Inc.
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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, lawyers, lenders and
investors meet these challenges by providing a broad array of the highest
quality professional practices from a single source.

About KPMG LLP
KPMG LLP (www.us.kpmg.com) is the Big Four accounting and tax firm and the U.S.
member firm of KPMG International, whose member firms have nearly 100,000
professionals, including 6,600 partners, in 150 countries. KPMG LLP provides
Forensic services throughout the United States.

This press release includes "forward-looking" statements that involve
uncertainties and risks. There can be no assurance that actual results will not
differ from the company's expectations. The company has experienced fluctuating
revenues, operating income and cash flow in some prior periods and expects this
may occur from time to time in the future. As a result of these possible
fluctuations, the company's actual results may differ from our projections.
Other factors that could cause such differences include pace and timing of
additional acquisitions, the company's ability to realize cost savings and
efficiencies, competitive and general economic conditions, and other risks
described in the company's filings with the Securities and Exchange Commission.

                FTI is on the Internet at www.fticonsulting.com.

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