The merger vote is one week away; these supplemental disclosures are a standard response to litigation and are unlikely to affect the outcome. Monitor for any court rulings that could delay the special meeting or require further disclosures.
Price Chart
Executive Summary
LiveRamp filed supplemental disclosures to its definitive proxy statement in response to three shareholder lawsuits and demand letters challenging the adequacy of disclosures regarding its pending acquisition by Publicis Groupe for $38.50 per share. The supplemental disclosures provide additional detail on the merger process, Evercore's financial analyses, and management projections. The special stockholder meeting to vote on the merger remains scheduled for August 17, 2026.
Key Facts
- Three shareholder lawsuits filed in California and New York alleging inadequate merger disclosures
- Company voluntarily supplements proxy statement with additional background on management retention discussions and Evercore's DCF, comparable companies, and precedent transactions analyses
- Evercore DCF analysis implied equity value range of $33.83 to $49.38 per share vs. $38.50 merger consideration
- Management projections show revenue growing from $451M (2H 2026E) to $1.426B (2030E)
- Special meeting scheduled for August 17, 2026 at 11:30 a.m. Pacific Time
- Company denies all allegations and believes disclosures comply with applicable law
Financial Impact
No change to merger consideration of $38.50 per share; supplemental disclosures are procedural and do not alter deal economics
Risk Factors
- Shareholder lawsuits could result in injunctive relief delaying the merger or requiring additional disclosures
- Failure to obtain stockholder approval at the August 17 special meeting could terminate the merger
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (RAMP) — Batch item 1 | 0001104659-26-093095 |
| Document: 0001104659-26-093095-index-headers.html | 0001104659-26-093092 |
| Document: 0001104659-26-093095-index.html | 0001104659-26-093095 |
| Document: 0001104659-26-093095.txt | 0001104659-26-093095 |
| 8-K Filing (RAMP) — Batch item 5 | 0001104659-26-093092 |
| Document: 0001104659-26-093092-index-headers.html | 0001104659-26-093095 |
| Document: 0001104659-26-093092-index.html | 0001104659-26-093095 |
| Document: 0001104659-26-093092.txt | 0001104659-26-093095 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | 8-K | $37.58 $37.61 | ▲ +0.08% | ▲ +0.61% | $37.67 (+0.25%) |
Aug 17, 2026 6w ago | 8-K | $37.43 $37.87 | ▲ +1.18% | ▲ +2.92% | $37.67 (+0.65%) |
Aug 10, 2026 7w ago | DEFA14A / 8-K | $37.75 $37.74 | ▼ −0.03% | ▲ +0.89% | $37.67 (−0.20%) |
Jul 22, 2026 10w ago | Press Release | $37.68 $37.65 | ▼ −0.08% | ▼ −3.39% | $37.67 (−0.01%) |
Jul 6, 2026 12w ago | DEFM14A | $37.54 $37.87 | ▲ +0.88% | ▲ +1.44% | $37.67 (+0.36%) |
Jun 24, 2026 14w ago | PREM14A | $37.45 $37.66 | ▲ +0.56% | ▼ −1.37% | $37.67 (+0.60%) |
Jun 4, 2026 17w ago | DEFA14A | $37.42 $37.54 | ▲ +0.32% | ▼ −1.54% | $37.67 (+0.68%) |
Jun 3, 2026 17w ago | DEFA14A | $37.40 $37.73 | ▲ +0.88% | ▲ +1.88% | $37.67 (+0.74%) |
May 18, 2026 19w ago | DEFA14A | $37.77 $37.61 | ▼ −0.42% | ▼ −2.00% | $37.67 (−0.25%) |
May 18, 2026 19w ago | DEFA14A | $37.77 $37.61 | ▼ −0.42% | ▼ −2.00% | $37.67 (−0.25%) |
US Market Status
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