Ackman Urges ADP to Focus on the Facts
- Activist investor wants access to ‘every bit of information’
- ADP complains to SEC about ‘false and reckless claims’
ADP CEO Says Ackman Battle Based on Pace, Risk
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Bill Ackman said he wants cooler heads to prevail in his proxy fight at Automatic Data Processing Inc. because he intends to be an investor in the company for a long time regardless of the outcome.
Ackman believes ADP needs a strong shareholder voice on the board, the billionaire activist said in a Bloomberg TV interview Wednesday.