Hill offer for Knowles declared unconditional

Hill International's proposed £7m acqusition of UK-listed dispute firm Knowles reached its final stages today when it was announced the offer was unconditional.

A statement on the Stock Exchange this morning said that valid acceptances had been received in respect of nearly 17 million Knowles shares, which make up around 80% of the share capital in the firm, as of last Friday.

Hill first announced its 33p-a-share offer for Knowles, which was put up for sale late last year, last month. It follows the announcement from chairman and founder Roger Knowles that he would be retiring from the firm and selling his shares.