ADP Authorized to Purchase an Additional Thirty-Five Million Shares of Its Common Stock
10 Junho 2011 - 5:43PM
The board of directors of Automatic Data Processing, Inc.,
(Nasdaq:ADP) authorized the purchase of an additional 35 million
shares of its common stock, Gary C. Butler, chief executive
officer, announced today.
This is in addition to the approximately 15.4 million shares
remaining to be purchased under previous share repurchase
authorizations resulting in a total authorization of approximately
50.4 million shares. ADP currently has approximately 493 million
common shares outstanding.
Automatic Data Processing, Inc. (Nasdaq:ADP), with nearly $9
billion in revenues and about 550,000 clients, is one of the
world's largest providers of business outsourcing
solutions. Leveraging over 60 years of experience, ADP offers
a wide range of HR, payroll, tax and benefits administration
solutions from a single source. ADP's easy-to-use,
cost-effective solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading
provider of integrated computing solutions to auto, truck,
motorcycle, marine and recreational vehicle dealers throughout the
world. For more information about ADP or to contact a local
ADP sales office, reach us at 1.800.225.5237 or visit the company's
Web site at www.ADP.com.
CONTACT: 1.800.225.5237
www.ADP.com
Automatic Data Processing (NASDAQ:ADP)
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