Industrial Company Seeing Major Premarket Action Following Merger Annoucement

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, August 17, 2022

A Philadelphia-based industrial company is seeing some premarket action on its shares after the company announced that it has entered into an agreement to merge with Global Infrastructure Solutions in an all-cash transaction valued at $173 million. Traders appear to be bullish on Hill International Inc. (NYSE:HIL) after the announcement.

Hill International Inc provides project and construction management, and other consulting services for the buildings, transportation, environmental, energy, and industrial markets. The company offers program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, project labor agreement consulting, commissioning, estimating and cost management, and labor compliance and facilities management services.

As previously mentioned, shares of Hill International Inc. are trading higher during Wednesday’s premarket following the announcement, currently bid at $2.82/share (+62.07% implied open for sellers) at the time of writing.

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