WSJ - US Business

ADP Takes Swipe at Ackman, Setting Stage for a Fight

Automatic Data Processing Inc. fired an unusual broadside against activist investor William Ackman Friday, taking the first strike in what is shaping up to be a nasty fight over the human-resources software giant’s leadership.

ADP said early Friday that Mr. Ackman had taken a stake in the company and revealed he was seeking to throw out half the company’s board and replace Chief Executive Carlos Rodriguez.

The surprise… US Business

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