Hill International soars on $173-mln buyout deal

Birlanu

17/08/2022 10:28

** Shares of construction management company Hill
International Inc  HIL.N  jump 60.3% to $2.79 premarket
    ** Construction firm Global Infrastructure Solutions Inc
(GISI) to buy HIL in an all-cash deal which values the co's
share capital at $173 mln   urn:newsml:reuters.com:*:nGNX8stM4g
    ** GISI to pay $2.85 for each HIL share 
    ** Deal expected to close in Q4
    ** Engine Capital, which holds about 10% of HILL common
shares, has agreed to tender their shares in the offering
    ** HIL down ~11% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))