LiveRamp Soars to 2-Year High on $2.2-Billion Publicis Merger

LiveRamp Holdings Inc. (NYSE:RAMP) is one of the 10 Stocks Making Monster Moves.

LiveRamp Holdings climbed to a new two-year high on Monday, following news that it is set to be acquired by communication giant Publicis Groupe for $2.2 billion.

In intra-day trading, the stock jumped to its highest price of $37.90 before trimming gains to end the session just up by 27.34 percent at $37.77 apiece.

Photo by Tima Miroshnichenko on Pexels

In an updated report, LiveRamp Holdings Inc. (NYSE:RAMP) said that it officially entered into an agreement with Publicis for their planned merger, under which the latter would acquire its shares at a price of $38.50 apiece.

The purchase price marked a 29.8 percent upside from its closing price of $29.66 on Friday, or prior to the announcement.

“By joining forces with Publicis, we will have greater resources and flexibility to scale our business, continue innovating our platform, and help them unlock even greater value from their data. This transaction also represents the best path forward for our shareholders, delivering significant and certain cash value at a compelling premium,” said LiveRamp Holdings Inc. (NYSE:RAMP) CEO Scott Howe said.

Following the acquisition, LiveRamp Holdings Inc. (NYSE:RAMP) will continue to be led by Howe, who will report directly to Publicis Groupe CEO Arthur Sadoun.

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