- Hill International (HIL +31.7%) explodes higher at the open after DC Capital Partners offers to purchase HIL in a cash purchase transaction valued at not less than $5.50/share, which would represents a 40.7% premium over the stock’s closing price on May 1.
- The P-E firm says it is concerned with HIL’s disproportionate exposure to the Middle East region and that the company "lacks sufficient fiscal discipline to maximize shareholder value."