This DEFA14A is a routine employee communication with no new deal terms or financial data. The stock will trade at a narrow spread to the $38.50 takeout price until close. Monitor for the definitive proxy statement and any regulatory or shareholder approval developments.
Price Chart
Executive Summary
LiveRamp filed this DEFA14A to distribute an employee FAQ regarding its pending acquisition by Publicis Groupe for $38.50 per share in cash. The filing is a routine solicitation update with no new material financial information beyond what was disclosed in the May 18, 2026 8-K announcing the merger agreement.
Key Facts
- LiveRamp entered a definitive agreement to be acquired by Publicis Groupe for $38.50 per share in cash.
- Transaction expected to close before year-end 2026, subject to regulatory approvals, shareholder approval, and other conditions.
- Post-close, LiveRamp will operate as an independent business within Publicis, with Scott Howe continuing as CEO.
- Employee FAQ confirms no immediate changes to operations, compensation, or benefits; equity awards will convert to cash awards at close.
- ESPP suspended as of June 1, 2026; next offering period terminated upon close.
Financial Impact
All-cash acquisition valued at $2.5B equity value ($38.50/share); no new financial figures in this filing.
Risk Factors
- Transaction may not close if regulatory approvals or shareholder approval are not obtained.
- Potential for competing bids or litigation delaying or derailing the deal.
- Integration risks post-close could affect LiveRamp's operational independence and customer relationships.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001104659-26-069642 |
| Document: 0001104659-26-069642-index-headers.html | 0001104659-26-069642 |
| Document: 0001104659-26-069642-index.html | 0001104659-26-069642 |
| Document: 0001104659-26-069642.txt | 0001104659-26-069642 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | 8-K | $37.58 $37.61 | ▲ +0.08% | ▲ +0.61% | $37.68 (+0.27%) |
Aug 17, 2026 6w ago | 8-K | $37.43 $37.87 | ▲ +1.18% | ▲ +2.92% | $37.68 (+0.67%) |
Aug 10, 2026 7w ago | DEFA14A / 8-K | $37.75 $37.74 | ▼ −0.03% | ▲ +0.89% | $37.68 (−0.19%) |
Jul 22, 2026 10w ago | Press Release | $37.68 $37.65 | ▼ −0.08% | ▼ −3.39% | $37.68 (+0.00%) |
Jul 6, 2026 12w ago | DEFM14A | $37.54 $37.87 | ▲ +0.88% | ▲ +1.44% | $37.68 (+0.37%) |
Jun 24, 2026 14w ago | PREM14A | $37.45 $37.66 | ▲ +0.56% | ▼ −1.37% | $37.68 (+0.61%) |
Jun 4, 2026 17w ago | DEFA14A | $37.42 $37.54 | ▲ +0.32% | ▼ −1.54% | $37.68 (+0.69%) |
Jun 3, 2026 17w ago | DEFA14A | $37.40 $37.73 | ▲ +0.88% | ▲ +1.88% | $37.68 (+0.75%) |
May 18, 2026 19w ago | DEFA14A | $37.77 $37.61 | ▼ −0.42% | ▼ −2.00% | $37.68 (−0.24%) |
May 18, 2026 19w ago | DEFA14A | $37.77 $37.61 | ▼ −0.42% | ▼ −2.00% | $37.68 (−0.24%) |
US Market Status
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