Forager Capital Management, a significant shareholder with 9.7% beneficial ownership, announced it submitted a fully financed proposal to acquire all outstanding shares of Quipt Home Medical Corp. for $3.10 per share in cash. Forager stated the proposal requires no further diligence.
Forager emphasized its readiness for definitive documents and expressed willingness to improve the offer upon constructive engagement from Quipt's Board. This proposal follows previous interactions between Forager and the company.
The submission of a fully financed, no-diligence offer at a specific cash price represents a concrete and potentially transformative event for Quipt shareholders. It signals a clear intent from a major investor to acquire the company.
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