BUZZ-Publicis rises after $2.2 bln LiveRamp deal, lifts growth targets

LiveRamp Holdings, Inc.

LiveRamp Holdings, Inc.

RAMP

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** Shares in Publicis PUBP.PA rise 2% after the French advertising company agreed to buy U.S. data collaboration company LiveRamp RAMP.N for a total enterprise value of about $2.2 billion in an all-cash deal

** Publicis will pay $38.50 per share for LiveRamp, a 29.8% premium to the May 15 close

** The French group also raised its 2027 and 2028 constant-currency growth targets to 7-8% for net revenue and 8-10% for headline earnings per share, up from 6-7% and 7-9%, respectively

** Deal expected to be EPS accretive from year one


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