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KM Financial Solutions | UPDATE 2-Ackman’s Pershing Square loses bitter ADP proxy battle
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UPDATE 2-Ackman’s Pershing Square loses bitter ADP proxy battle

06 Nov UPDATE 2-Ackman’s Pershing Square loses bitter ADP proxy battle

Posted at 15:24h in News by
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ROSELAND, N.J., Nov 7 (Reuters) – Activist hedge fund
manager William Ackman lost his bid on Tuesday to win seats on
the board of Automatic Data Processing Inc after a
hostile, months-long proxy contest that was crucial to him
retaining support from some of his own investors.

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