Quotient Technology gains on Neptune Retail Solutions' $430 mln deal

Quotient Technology

20/06/2023 15:07

** Shares of Quotient Technology Inc  QUOT.N  rise 16.7% to
$3.91 in early trading 
    ** The digital media co announces a $430 million deal to
combine with a retail marketing firm Neptune Retail Solutions
following a review process
    ** QUOT's shareholders will receive $4 per share in cash,
about 19.4% premium to the stock's last close on Friday
    ** Transaction is expected to close in second half of 2023
and is not subject to any financing conditions - co
    ** Neptune's CEO William Redmond will be the CEO of the
combined firm- QUOT
    ** QUOT stock up 13% this year
    

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))