Quotient To Combine With Neptune Retail Solutions; Equity Value Of ~$430M, Quotient's Shareholders Will Receive $4/Share In Cash, Representing A Premium Of ~36%
Portfolio Pulse from Happy Mohamed
Quotient Technology (NYSE: QUOT) will be acquired by Neptune Retail Solutions in an all-cash transaction valued at $430 million. Quotient shareholders will receive $4 per share in cash, a 36% premium. The deal combines Quotient's digital promotions and media technology with Neptune's omnichannel retail marketing solutions.
June 20, 2023 | 1:22 pm
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Quotient Technology will be acquired by Neptune Retail Solutions for $430 million, with shareholders receiving a 36% premium at $4 per share.
The acquisition of Quotient Technology by Neptune Retail Solutions will result in a 36% premium for Quotient shareholders, which is likely to have a positive short-term impact on the stock price. The combined company will benefit from synergies in digital promotions and omnichannel retail marketing, potentially leading to enhanced results for retail and advertising partners.
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