Lakeview Urges Quipt’s Board to Initiate a Legitimate Review of All Strategic Options Including a Sale, Inclusive of a Credible Bidder’s $3.10 All-Cash Offer
Quipt Home Medical Corp. - Common Shares (QIPT)
Company Research
Source: Business Wire
Board Should Run a Real Review Process That is Focused on Building – Not Chilling – Acquirer Interest CHICAGO--(BUSINESS WIRE)--Lakeview Opportunity Fund, LLC (together with its affiliates, “we” or “Lakeview Investment Group”), a nearly 5% owner, and top 5 shareholder of Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ: QIPT and TSX: QIPT), today expressed its belief that the Company’s Board of Directors (the “Board”) has undermined the best interests of shareholders by failing to engage in good faith with a credible bidder as part of a transparent and viable strategic review. Rather than open a constructive dialogue with a real bidder and start exploring all avenues to maximize value, the Board has put shareholder value at risk and started to waste Quipt’s limited resources on apparent entrenchment efforts, including a clearly frivolous lawsuit. We suspect shareholders are fed up with the Board due to its mishandling of this situation and prior decision to issue itself
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