The filing is routine supplemental solicitation material; the key catalyst remains the shareholder vote on the merger. Monitor for regulatory clearance and the record/vote date. The acquisition premium locks in a defined upside for current holders until close.
Price Chart
Executive Summary
LiveRamp filed additional definitive proxy soliciting materials (DEFA14A) containing an updated FAQ for customers and partners regarding its pending acquisition by Publicis Groupe for $38.50/share in cash. The filing reiterates neutrality commitments and operational independence post-close, supporting shareholder approval of the merger.
Key Facts
- LiveRamp entered into a definitive agreement to be acquired by Publicis Groupe for $38.50 per share in an all-cash transaction valued at $2.5 billion equity value, representing a 30% premium to the May 15 close.
- The filing is a supplemental FAQ addressing customer concerns about data neutrality, platform access, and pricing continuity post-acquisition.
- Publicis commits to three operational requirements: no service restrictions, client data protection, and no pricing changes beyond normal business practices.
- Transaction expected to close before year-end 2026, subject to shareholder approval, regulatory approvals, and other customary conditions.
- CEO Scott Howe will continue to lead LiveRamp as an independent business within Publicis.
Financial Impact
All-cash acquisition at $38.50/share, $2.5B equity value (30% premium)
Risk Factors
- Regulatory approvals may delay or block the transaction.
- Shareholder approval required; opposition could emerge.
- Termination risk if closing conditions not satisfied.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001104659-26-070603 |
| Document: 0001104659-26-070603-index-headers.html | 0001104659-26-070603 |
| Document: 0001104659-26-070603-index.html | 0001104659-26-070603 |
| Document: 0001104659-26-070603.txt | 0001104659-26-070603 |
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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