Acxiom Shareholders Approve AMS Sale

 Scott Howe

Scott Howe

CONWAY, Ark.–(September 20, 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 [pictured]. “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. More...