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TO: Quotient Employees
FROM: Matthew Krepsik
RE: Company Update
Team Quotient,
Just over a month ago, we announced our new and exciting chapter with the proposed combination of Quotient and Neptune Retail Solutions.
In the weeks since the announcement, Quotient Leadership has been meeting with the Neptune Leadership team to introduce our people and organization. While preliminary, these meetings have been a productive showcase of our talent across Quotient.
Simultaneously, the deal has been working through customary closing conditions. As we announced earlier today, the Hart-Scott-Rodino (HSR) waiting period expired yesterday; this was one of the closing conditions and marks a significant step forward in the process.
Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Quotient stockholders at a meeting which has been scheduled for Friday, Sept. 1.
Additionally, since we remain a standalone public company until the deal closes, we will announce our Q2 earnings on Tuesday, Aug. 8, via a press release. We will not hold an earnings call.
None of this would have been possible without your hard work, and I remain grateful to each of you for your continued support and dedication to driving Quotient forward.
Matt