Korn/Ferry Paying More To Restructure HG Luxco

By Markets MarketWatch Pulse

Korn/Ferry International said late Thursday it is paying more to restructure a business it bought less than a year ago. In a Securities and Exchange Commission filing, the executive search firm said it would spend $20 million to $26 million on severance packages and office consolidation for HG Luxco, which the firm bought in December for $475 million. The charges are in addition to $30.6 million in restructuring charges Korn/Ferry paid earlier in the year related to HG Luxco.

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