Tags: takeover

ADP rejects Pershing Square ahead of vote

ADP has once more rejected Pershing Square’s demands after a meeting with the ADP board. This time ADP has appeared to give Pershing Square time to voice their opinions in a meeting with the full board at ADP on September 5th. At that meeting Pershing Square requested that rather than replace existing directors, the original…

Ackman reveals his hand in ADP gambit

Last night William Ackman, CEO Pershing Square Capital Management presented a massive analysis of the current state of ADP. The ADP initial reaction to Pershing Square Capital Managements comprehensive presentation was to brush it off. The language used was similar to that made in earlier statements. There was one statement that referred directly to the…