Pershing Square Update on ADP – October 13, 2017
13 Outubro 2017 - 1:38PM
Business Wire
Pershing Square Holdings, Ltd. (LN:PSH) (NA:PSH) today released
an email sent from Pershing Square Capital Management, L.P. to its
investors. The text of the email is set forth below:
Dear Pershing Square Investor,
We write to update you on this week’s activity related to our
position in Automatic Data Processing, Inc. (NASDAQ: ADP).
This past Tuesday, October 10, 2017, Pershing Square issued a
press release highlighting the fourth in a series of questions for
ADP. The press release is available here.
On Tuesday evening, October 10th, at 7:00 PM EDT Pershing Square
held a live webcast at www.ADPascending.com to discuss the
opportunity for improvement at ADP. The webcast was held in the
evening to give all shareholders – particularly retail shareholders
and other individual investors – a chance to learn about the
opportunity to improve efficiency, innovation and customer service
at ADP in order to drive strong and stable growth, greater profits
and long-term shareholder value. A replay of the webcast is
available here.
On October 11th, Pershing Square published a detailed
presentation for shareholders which is available here and
supporting materials, available here.
We will continue to update our website, www.ADPascending.com,
where you will find all of these and other materials. Should you
wish to receive notification of updates to www.ADPascending.com
please go to the website and submit your email address.
If you have any questions, please feel free to contact us.
Kind regards,
Pershing Square Investor Relations
ir@persq.com
About Pershing Square Holdings, Ltd.
Pershing Square Holdings, Ltd. (LN:PSH) (NA:PSH) is an
investment holding company structured as a closed-ended fund that
makes concentrated investments principally in North American
companies.
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version on businesswire.com: http://www.businesswire.com/news/home/20171013005553/en/
Media:MaitlandJames Devas, +44 20 7379
5151Media-pershingsquareholdings@maitland.co.uk
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