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ADP Automatic Data Processing Inc

241.89
-0.14 (-0.06%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Automatic Data Processing Inc NASDAQ:ADP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.14 -0.06% 241.89 238.00 243.40 243.67 239.32 243.02 1,489,967 05:00:01

Pershing Square Update on ADP – October 20, 2017

20/10/2017 8:18pm

Business Wire


Automatic Data Processing (NASDAQ:ADP)
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Pershing Square Holdings, Ltd. (LN:PSH) (NA:PSH) today released an email sent from Pershing Square Capital Management, L.P. to its investors. The text of the email is set forth below:

Dear Pershing Square Investor,

We write to update you on this week’s activity related to our position in Automatic Data Processing, Inc. (NASDAQ: ADP).

This past Monday, October 16, 2017, Pershing Square issued a press release highlighting the results of an independent research survey conducted by Sanford C. Bernstein & Co. which indicates that ADP shareholders support Pershing Square’s involvement in ADP. The press release is available here.

On Thursday, October 19, 2017, Pershing Square’s nominees for ADP’s board of directors participated in a fireside chat hosted and moderated by Sanford C. Bernstein & Co. Senior Analyst Lisa Ellis in Chicago. The press release announcing the event is available here. To access the video of the fireside chat please go to our website, www.ADPascending.com.

Also on October 19, 2017, Pershing Square released the fifth in a series of questions for ADP. The press release is available here.

If you have any questions, please feel free to contact us.

Kind regards,

Pershing Square Investor Relations

ir@persq.com

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments principally in North American companies.

MediaMaitlandJames Devas, +44 20 7379 5151Media-pershingsquareholdings@maitland.co.uk

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