Ackman's Pershing Square says ADP needs to streamline, modernize

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Go back to Ackman's Pershing Square says ADP needs to streamline, modernize

ADP (ADP) Issues Statement Responding to Pershing Square Investor Presentation

August 17, 2017 2:19 PM EDT

ADP (NASDAQ: ADP) today issued the following statement in response to Pershing Square Capital Management's investor presentation on ADP:

"ADP is committed to engaging constructively with shareholders on important issues facing the company. However, we strongly disagree with many of the assertions made by Mr. Ackman in today's presentation, which betrays a fundamental lack of understanding of the current state of ADP's business and strategy. He presented nothing that has not previously been analyzed by the Board and management."

"ADP is not resting on its laurels. Our Board and management team are... More

Ackman Says ADP (ADP) Will Likely Need a New CEO - Bloomberg, Citing Call

August 17, 2017 12:16 PM EDT

Ackman Says ADP (Nasdaq: ADP) Will Likely Need a New CEO - Bloomberg, Citing Call

... More

UPDATE: Robert Chapman Says He's Shorting ADP (ADP) - Bloomberg, Citing Email Interview

August 17, 2017 10:54 AM EDT

(Updated - August 17, 2017 10:55 AM EDT)

Robert Chapman Says He's Shorting ADP (Nasdaq: ADP) - Bloomberg, Citing Email Interview

Chapman Says ADP is Overpriced/Hyped on Ackman... More