ADP, Pershing Exchange Charges

Thursday, 14 September 2017
News

Carlos Rodriquez, ADPA proxy fight over three seats on the board of directors of Automatic Data Processing reached the finger-pointing stage this week. ADP claimed that William Ackman, whose Pershing Square Capital Management seeks to oust three board members, flipflopped on major issues and had misrepresented the size of his firm's stake in the payroll company.

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