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Pershing Square Says ADP CEO Misled Board On Talks With Hedge Fund | Hedge Fund News From HedgeCo.Net | Bloglovin’
Posted on: Aug. 17, 2017, 3:01 p.m.
(Reuters) Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc (ADP.O) had “unfairly characterized” their interactions in an effort to make the hedge fund’s requests “appear unreasonable”. ADP had earlier this month said Ackman wanted effective control of the company through five board seats and a CEO change. Full investment news article