Ackman's Pershing Square loses bitter ADP proxy battle

November 7, 2017 by  
Filed under News

ROSELAND, N.J. (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.

Source: Reuters Business News

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