Forager Capital Management, a major shareholder of Quipt Home Medical Corp. with 9.7% beneficial ownership, issued a statement criticizing the Board's inaction regarding its acquisition offer. Forager stated its $3.10 per share cash offer was submitted nearly sixteen weeks prior, on May 17, 2025.
Forager asserted that if Quipt’s Board had engaged constructively, the transaction could have been completed. The statement implies that the Board's lack of engagement is detrimental to shareholder interests.
This public criticism indicates a continued contentious relationship between Forager and Quipt's Board. The ongoing dispute over a potential acquisition creates uncertainty and could impact investor confidence.
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