Navigant Consulting Completes Strategic Review; Decides to Remain Independent
CHICAGO, Oct. 14 /PRNewswire/ -- Navigant Consulting, Inc. (NYSE: NCI - news), a global management consulting company serving energy-based and other regulated industries, announced today that it has completed its strategic review of potential merger alternatives and has decided to remain independent. ``Given our unique franchise, strong profitability and prospects for the future, we believe that NCI shareholder value will be maximized if we remain independent,' commented Robert P. Maher, Chairman, CEO and President of Navigant Consulting.
``As we indicated on September 9th when we announced this strategic review, we wanted to make this a focused process which we said would be completed by mid-October. While we did receive strong interest from various interested parties, we believe the best strategic alternative for NCI, its employees and shareholders is to continue to successfully execute upon our proven business plan of internal growth augmented by our own acquisition program,' continued Maher. Navigant Consulting will be reporting results for the third fiscal quarter on November 4, 1999.
Navigant Consulting, Inc. is a global management consulting firm that provides strategic, financial, management, and expert services to energy- based, network and other regulated industries.
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as, ``forward looking statements' for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including ``anticipate,' ``believe,' ``intends,' ``estimates,' ``expect' and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects, revenues, working capital, liquidity, income and margins, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements, due to several important factors including those identified from time to time in the Company's reports filed with the SEC. Such risk factors include, but are not limited to: acquisitions and acquisitions under consideration, follow-on offerings, revenue and financial estimates, significant client assignments, recruiting and new business solicitation efforts, regulatory changes, and general economic conditions.
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SOURCE: Navigant Consulting, Inc.
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