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.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.