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| Arpeggio Acquisition and Hill International Agree to Business Combination Arpeggio Acquisition Corp. and privately held Hill International, Inc. jointly announced that they have entered into a merger agreement, pursuant to which Hill will merge with Arpeggio. The board of directors of Arpeggio and Joel Greenblatt, special advisor to the board of directors, unanimously supported the signing of the merger agreement with Hill. Under the terms of the merger agreement, Hill’s shareholders will receive 14.5 million shares of the common stock of Arpeggio at closing, and own 63.6% of the combined entity. write your comments about the article :: © 2005 Construction News :: home page |