5:20PM Offer from US group for dispute resolution firm declared unconditional

The £7m buyout of Knowles by US group Hill International has been rubber-stamped. A statement on the Stock Exchange late last week confirmed that the offer was now declared unconditional. The statement said that Hill had received acceptances from Knowles shareholders owning 20,537,440, shares - 97% of the total shareholding.

The statement added that an application would now be made to the London Stock Exchange to cancel trading of the Knowles shares on AIM.

Hill emerged as the chosen suitor for Knowles, set up by founder Roger Knowles in 1973, in July.

Source

QS News