Hill International's £7m bid for construction dispute firm is recommended by 80% of shareholders.
Over 80 % of JR Knowles’ shareholders have recommended Hill International’s £7m bid for the construction dispute firm, one month after the board accepted the offer.
Construction consultant and legal specialist Hill International made its 33 pence per share offer in July, which was unanimously recommended by the Knowles board. The offer came at the end of a seven month auction process for the company.
Approximately 80.06 % of shareholders have accepted Hill’s offer. Founder Roger Knowles has a 60% holding in the company.