Deals
CDK Global Said to Explore Sale to Private Equity Firms
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CDK Global Inc., the provider of information technology to auto dealers, is meeting with private equity firms to gauge their interest in buying the company, people with knowledge of the matter said.
The activist-targeted company, spun off from Automatic Data Processing Inc. last year, is working with Morgan Stanley to explore a potential sale, said the people, who asked not to be identified because the information is private.