Godspeed Capital Proposes to Acquire Hill International For $143.9 Million in Cash
$1.85 Per Share All-Cash Offer Represents 11.4% Premium Over 30-Day Average Closing Price
Godspeed Capital Management LP ("Godspeed Capital"), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, today sent the following letter to the Board of Directors of Hill International, Inc. (NYSE:HIL), proposing to acquire the company for $1.85 per share in cash.
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The full text of the letter sent to Hill International is as follows:
Members of the Board of Directors:
On behalf of Godspeed Capital Management LP ("Godspeed