Quipt Home Medical Corp. acknowledges the receipt of an unsolicited proposal from Forager Capital Management, LLC to acquire all of the Company's issued and outstanding common shares for US$3.10 per share.
The Company's board of directors declined a previous offer as it undervalued the Company at that time.
The Company has since made strategic acquisitions and stabilized its revenue.
Unsolicited Proposal
Forager Capital Management, LLC proposed to acquire all of Quipt's shares for US$3.10 per share, following previous offers.
Board Decision
The Board declined a previous offer, citing undervaluation and shareholder interests.
Company's Strategic Actions
Quipt has acquired medical equipment providers, entered joint ventures, and stabilized revenue since receiving the initial proposal.
- Forager's repeated offers and failure to disclose previous proposals raise concerns about credibility and motives.
- Quipt's strategic acquisitions and revenue stabilization demonstrate commitment to enhancing shareholder value.
Quipt Home Medical Corp. remains committed to safeguarding and enhancing long-term shareholder value, emphasizing the importance of engaging in value-adding proposals.