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WEST PALM BEACH, Fla. - Business advisory firm FTI Consulting Inc. on Wednesday said it will sell a minority interest in its technology business in an initial public offering.
| FCN | 53.15 |  -0.11 |
FTI expects to receive between $600 million and $700 million from the sale, with proceeds used to pay down debt and for general corporate purposes.
FTI plans to distribute remaining interest in the technology business to FTI shareholders through a spin-off, split or combination of either option within a year once the IPO is completed.
FTI said it cannot guarantee that the IPO or any related transaction will be completed.
Shares of FTI declined $3.70, or 5.1 percent, to $68.53.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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