Acxiom Shareholders Approve AMS Sale
September 20 2018 - 5:35PM
Business Wire
Company to Trade as “RAMP” on NYSE on
October 2, 2018
Acxiom® (Nasdaq: ACXM), the data foundation for the world's
best marketers, today announced that its shareholders
overwhelmingly approved the sale of its Acxiom Marketing Solutions
business (AMS) to Interpublic Group (IPG) at Acxiom’s annual
shareholder meeting held earlier today. The transaction is expected
to close on or about October 1, 2018, subject to customary closing
conditions. Acxiom and IPG remain committed to ensuring this is a
smooth transition for clients, partners and employees. The Company
will report the operations of AMS, as well as the sale of AMS, as a
component of discontinued operations.
“We would like to thank our shareholders,” said CEO Scott Howe.
“The completion of this transaction marks an inflection point in
the transformation of our Company. On October 2nd, LiveRamp will
effectively emerge as a highly successful SaaS IPO. LiveRamp’s
customer value proposition, financial strength and commitment to
neutrality create a wonderful opportunity for the industry and our
shareholders.”
The Company also announced that, subject to the close of the AMS
transaction, it will be transferring its stock exchange listing
from NASDAQ to the New York Stock Exchange (NYSE) effective October
2, 2018, at which point its name will change to LiveRamp Holdings,
Inc., and its common stock will begin trading under the ticker
symbol “RAMP.” The transfer is expected to be seamless for
shareholders.
“It is a new day, and we are very pleased to be relisting on the
New York Stock Exchange,” said CFO Warren Jenson. “LiveRamp is a
global brand, and the NYSE provides the ideal platform for our
continued growth and expansion.”
“We are honored that LiveRamp chose to list its transformed
company on the NYSE, where it will join a community of the most
innovative companies in the world,” said John Tuttle, Chief
Operating Officer and Global Head of Listings.
About Acxiom
Acxiom provides the data foundation for the world’s best
marketers. We enable people-based marketing everywhere through a
simple, open approach to connecting systems and data that drives
seamless customer experiences and higher ROI. A leader in identity
and ethical data use for nearly 50 years, Acxiom helps thousands of
clients and partners around the globe work together to create a
world where all marketing is relevant. Acxiom is a registered
trademark of Acxiom LLC. For more information, visit
Acxiom.com.
About LiveRamp
LiveRamp provides the identity platform leveraged by brands and
their partners to deliver innovative products and exceptional
experiences. LiveRamp IdentityLink connects people, data, and
devices across the digital and physical world, powering the
people-based marketing revolution and allowing consumers to safely
connect with the brands and products they love. LiveRamp is an
Acxiom company (NASDAQ: ACXM), delivering privacy safe solutions to
market and honoring the best practices of leading associations,
including the Digital Advertising Alliance's (DAA) ICON and App
Choices programs. For more information, visit www.liveramp.com.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events, including the timing of the proposed transaction and other
information related to the proposed transaction. In some cases, you
can identify forward-looking statements because they contain words
such as "may," "will," "should," "expects," "plans," "anticipates,"
"could," "intends," "target," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential" or "continue" or
the negative of these words or other similar terms or expressions
that concern the proposed transaction and our expectations,
strategy, plans or intentions regarding it. Forward-looking
statements in this communication include, but are not limited to,
(i) our expectations regarding the timing, completion and expected
benefits of the proposed transaction, (ii) our plans, objectives
and intentions with respect to our future operations, our customers
and our market, and (iii) the expected impact of the proposed
transaction on our business. Our expectations and beliefs regarding
these matters may not materialize, and actual results in future
periods are subject to risks and uncertainties that could cause
actual results to differ materially from those projected. These
risks include the risk that the transaction may not be completed in
a timely manner or at all; the effect of the announcement or
pendency of the transaction on our business relationships, results
of operations and business generally; risks that the proposed
transaction disrupts current plans and operations; and general
market, political, economic and business conditions. The
forward-looking statements contained in this communication are also
subject to other risks and uncertainties, including those more
fully described in our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the period
ended March 31, 2018. The forward-looking statements in this
communication are based on information available to Acxiom as of
the date hereof.
We undertake no obligation to update the information contained
in this press release or any other forward-looking statement.
To automatically receive Acxiom Corporation financial news by
email, please visit www.acxiom.com and subscribe to email
alerts.
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version on businesswire.com: https://www.businesswire.com/news/home/20180920005930/en/
Acxiom Investor RelationsLauren Dillard,
650-372-2242investor.relations@liveramp.comGACXM
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