|Bid||108.35 x 200|
|Ask||108.36 x 200|
|Day's Range||108.25 - 109.52|
|52 Week Range||85.48 - 121.77|
|PE Ratio (TTM)||28.13|
|Dividend & Yield||2.28 (2.12%)|
|1y Target Est||N/A|
The top executive at Equifax is out after 143 million Americans had their personal information compromised.
Billionaire hedge fund manager William Ackman, whose firm has a 2 percent voting stake in Automatic Data Processing Inc, is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people - retail investors. The activist investor who spends much of his time meeting institutional shareholders in Wall Street boardrooms is now speaking directly to the Main Street investor through video, telephone and television as his proxy fight with ADP intensifies before the company's annual meeting on Nov. 7. Now, his campaign to get himself and two other nominees associated with his Pershing Square Capital Management hedge fund elected to the ADP board is taking a tack seldom seen in proxy contests: speaking to the company's retail investors to win their votes.
Automatic Data Processing Inc rejected billionaire hedge fund manager William Ackman's request to use a universal proxy card during the human resources outsourcing company's annual shareholder meeting. Switching to the universal voting card process from the customary voting process in electing board members would result in "significant risks of confusion and disenfranchisement", ADP said in a letter to Ackman on Friday. Ackman, whose hedge fund Pershing Square Capital Management owns a 1.98 percent stake in ADP, spoke to retail investors on Wednesday, asking the less affluent but hugely influential group to help him win a proxy contest with the company.