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ADP Comments on Letter From Pershing Square and Previous Meeting With ADP Board |
September 08, 2017
ROSELAND, NJ--(Marketwired - Sep 7, 2017) - ADP (NASDAQ: ADP) today issued the following statement about a letter disclosed today by Pershing Square Capital Management and a meeting held September 5 with Pershing Square by ADP's full Board of Directors. In the meeting and in today's letter, Pershing Square proposed to end its proxy contest if ADP were to agree to add Bill Ackman and both of Pershing Square's other two nominees to the ADP Board, expanding it from 10 to 13 directors.
Link: http://www.marketwired.com/mw/release.do?id=2232997&sourceType=3
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