Hill International rises on takeover proposal from Godspeed Capital

Birlanu

19/07/2022 13:26

** Shares of construction management services co Hill
International Inc  HIL.N  up 1.7% at $1.78 before the bell 
    ** Godspeed Capital Management LP sends letter to HIL's
board proposing to buy co for $1.85 per share in cash, or $143.9
mln  urn:newsml:reuters.com:*:nBwb10B66a 
    ** Offer price represents premium of 5.7% to co's last close
    ** "We are of the belief that a strategic course correction
executed in a private environment is the best path forward for
Hill’s shareholders, employees, and customers" - Godspeed
Capital 
    ** As of last close, HIL down 10.3% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))