Forager Capital Management, a significant shareholder of Quipt Home Medical Corp., issued a statement providing "missing context" regarding Quipt's August 27, 2025, public statements. This came after Quipt's Board rejected Forager's $3.10 per share acquisition offer.
Forager reiterated its commitment to the $3.10 per share offer and expressed willingness to improve the offer upon constructive engagement from the Board. Forager stated its motive is to ensure Quipt completes a transaction at the highest possible price.
Forager also aimed to prevent the Board from avoiding a sale and entrenching itself in the process. The activist investor welcomed any higher offer that delivers greater value to shareholders, indicating continued pressure on the company.
This public response highlights the ongoing contentious relationship between Forager and Quipt's Board. The continued dispute over a potential acquisition creates uncertainty and could impact investor confidence.
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