Repay surges after Forager Capital boosts acquisition proposal to $5.25 per share

Repay Holdings

29/06/2026 15:14

** Payments technology firm Repay RPAY.O shares jump 21% to $4.23
** Hedge fund Forager Capital Management raises proposal to acquire RPAY to $5.25 per share
** RPAY in May rejected Forager's unsolicited acquisition proposal of $4.80 per share in cash
** Forager is RPAY's largest shareholder with roughly 13% stake
** Four of five brokerages rate the stock "buy" and one "hold"; median PT $6 - data compiled by LSEG
** As of last close, RPAY stock down 1.9% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))