Reuters logo
Ackman's Pershing Square loses ADP challenge-sources
November 7, 2017 / 1:38 PM / a month ago

Ackman's Pershing Square loses ADP challenge-sources

Nov 7 (Reuters) - William Ackman’s activist hedge fund Pershing Square lost its bid on Tuesday to win seats on the board of Automatic Data Processing Inc, according to sources that have seen a preliminary shareholder voting tally.

Pershing Square did not get any of its three nominees, including Ackman, elected to ADP’s board, according to the sources.

ADP and Pershing Square did not immediately respond to requests for comment. (Reporting by Greg Roumeliotis in New York; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below