The $38.50 cash consideration sets a hard floor for RAMP shares, which should trade near that level with a small spread reflecting deal risk. Monitor for regulatory clearance and any competing bids; the spread may widen if antitrust concerns arise. Shareholders should tender into the deal for the guaranteed premium.
Price Chart
Executive Summary
LiveRamp filed this DEFA14A to distribute an employee FAQ following the announcement of its definitive agreement to be acquired by Publicis Groupe for $38.50 per share in cash. The filing is a routine solicitation communication supporting the merger vote, reinforcing the deal's terms and timeline.
Key Facts
- LiveRamp entered a definitive agreement to be acquired by Publicis Groupe for $38.50 per share in cash.
- The transaction values LiveRamp's equity at approximately $2.5 billion, a 30% premium to the May 15 close.
- The deal is expected to close before year-end 2026, subject to regulatory and shareholder approvals.
- Scott Howe will continue as CEO of LiveRamp, which will operate as an independent business within Publicis.
- Time-based equity awards will convert into cash awards at $38.50 per share, continuing to vest post-close.
Financial Impact
All-cash acquisition at $38.50 per share, representing a 30% premium to the unaffected stock price, with total equity value of $2.5 billion.
Risk Factors
- Transaction may fail to close due to regulatory hurdles or shareholder disapproval.
- Potential competing bid could emerge, though the definitive agreement likely includes break-up fees.
- Integration risks post-close could affect Publicis's financial performance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001104659-26-063026 |
| Document: 0001104659-26-063026-index-headers.html | 0001104659-26-063026 |
| Document: 0001104659-26-063026-index.html | 0001104659-26-063026 |
| Document: 0001104659-26-063026.txt | 0001104659-26-063026 |
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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