Repay Holdings Shares Rise After Revised Takeover Proposal From Forager Capital Management
Repay Holdings (RPAY) stock rose 20% in Monday trading after the company confirmed it received a revised unsolicited proposal from investor Forager Capital Management to acquire all outstanding shares for $5.25 each in cash.The proposal will be reviewed by the board and its financial and legal advisers, Repay said Monday in a statement.Price: $4.30, Change: $+0.72, Percent Change: +20.11%