Quipt Home Medical Shareholder Forager Capital Makes Another Buyout Bid
MT Newswires Live
Aug 25
Quipt Home Medical (QIPT) shareholder Forager Capital Management said Monday it has submitted a proposal to acquire all outstanding shares of the medical equipment provider for $3.1 per share in cash.
Forager, which said it owns a 9.7% of the company's shares, added that it is "prepared to improve its offer" if Quipt's board "engages in constructive discussions."
The hedge fund said its proposal also includes a go-shop provision, allowing the board to solicit better offers.
Quipt received a similar, unsolicited buyout proposal from Forager in May.
Quipt did not immediately reply to a request for comment from MT Newswires.
Shares were up 27% in recent premarket activity.
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