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
SOURCE Ancora Advisors LLC