CLEVELAND, May 18, 2017 /PRNewswire/ -- Ancora Advisors
LLC announced today that it has sent a letter to the Board of
Directors of Hill International, Inc. (NYSE: HIL) stating Ancora's
belief that the board should hire an investment banker to conduct a
strategic alternatives review. The letter, written by
Ancora's Chief Executive Officer and Executive Chairman Mr.
Fred DiSanto, states that Ancora
believes the acquisition value of HIL today is materially in excess
of the present value of a successful turnaround of the
Company. Ancora argued that the Board's previously disclosed
objective of conducting a search for a permanent CEO should be
accompanied by a strategic alternatives review.
Please click the following link to access Ancora's full letter:
LINK TO ANCORA LETTER TO HIL BOARD
About Ancora Advisors
Ancora Advisors LLC is a registered investment adviser with the
Securities and Exchange Commission of the United States.
Ancora offers comprehensive investment solutions for institutions
and individuals in the areas of fixed income, equities, global
asset allocation, alternative investments and retirement
plans. A more detailed description of the company, its
management and practices are contained in its "Firm Brochure" (Form
ADV, Part 2A). A copy of this form may be received by contacting
the company at: 6060 Parkland Boulevard, Suite 200 Cleveland, Ohio 44124, Phone: 216-825-4000, or
by visiting the website, www.ancora.net/adv
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SOURCE Ancora Advisors LLC