Forager raises Repay buyout proposal to $5.25/share

Key Facts

1Forager increased its proposal to acquire Repay Holdings Corp. to $5.25 per share.

In a development reflecting continued M&A activity in the fintech sector, Forager raised its proposal to acquire Repay Holdings Corp to $5.25 per share, according to reports. The new offer represents an increase from the previous undisclosed level, signaling Forager's determination to secure the deal.

Repay provides payment processing solutions for businesses, making it an attractive acquisition target. Reports suggest Forager aims to expand its footprint in fintech through this deal, amid growing competition among firms for payment platforms.

Attention now turns to Repay's board response to the new offer, as well as any potential competing bids. Investors will also monitor regulatory developments needed to finalize the deal, which could take several months.