Quipt Home Medical Corp. confirmed it received an unsolicited, non-binding, and conditional proposal from Forager Capital Management, LLC (FCM) to acquire 100% of the company’s common shares. The proposed acquisition price is $3.10 per common share.
The company noted that it had a Non-Disclosure and Standstill Agreement with Forager, dated February 1, 2025. This agreement included a six-month standstill provision preventing Forager from acquiring or proposing to acquire Quipt equity or assets without prior written Board approval.
Quipt's Board of Directors did not provide prior written approval for a waiver of the confidentiality or standstill provisions related to this proposal. The Board stated its focus remains on the best long-term interests of the company to drive sustainable value for its shareholders.
The company stated its policy is not to comment on unsolicited offers and confirmed receipt only because Forager made it public. Quipt does not intend to comment further unless required by applicable law.
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