Repay Holdings Weighs Sweetened $5.25 Acquisition Bid

Forager Capital Management has pushed its unsolicited bid for Repay Holdings to $5.25 per share, escalating pressure on the payment processor after a previous $4.80 offer was dismissed as insufficient. The firm, which already holds a 13% stake in the company, is now seeking full access to management for due diligence.

Today, 20:58· Money Talk· 1,797 reads

Repay confirmed receipt of the updated proposal on Monday, stating that its board will evaluate the terms alongside financial and legal counsel. Forager contends that the new price offers a 91% premium over the company’s 30-day volume-weighted average of $2.75, calculated at the time of their initial approach. The investment firm maintains that further value remains locked within the business, provided they are granted the customary oversight required to complete a thorough review.

Investors reacted sharply to the news, driving Repay shares up 21% to $4.32 during Monday’s afternoon session. This latest bump adds to an 18% climb for the stock over the course of the year, signaling growing market anticipation regarding the board's eventual response to the increased cash offer.

Repay Holdings Weighs Sweetened $5.25 Acquisition Bid

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