LiveRamp Holdings filed a supplemental disclosure to its Definitive Proxy Statement regarding the proposed acquisition by Publicis Groupe. The filing addresses three stockholder lawsuits alleging misleading statements in the proxy and supplements financial analyses provided by advisor Evercore Group L.L.C. Evercore's discounted cash flow analysis indicated an implied equity value range of $33.83 to $49.38 per share, while comparable company multiples suggested ranges between $25.63 and $46.21 per share, compared to the merger consideration of $38.50 per share. The filing also includes LiveRamp's standalone financial projections for fiscal years 2027 through 2030, forecasting revenue growth from approximately $988 million in 2027E to $1.4 billion by 2030E. LiveRamp operates in the digital marketing and data connectivity industry.
