Pershing Square Update on ADP – October 20, 2017
October 20 2017 - 3:18PM
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 Monday, October 16, 2017, Pershing Square issued a
press release highlighting the results of an independent research
survey conducted by Sanford C. Bernstein & Co. which indicates
that ADP shareholders support Pershing Square’s involvement in ADP.
The press release is available here.
On Thursday, October 19, 2017, Pershing Square’s nominees for
ADP’s board of directors participated in a fireside chat hosted and
moderated by Sanford C. Bernstein & Co. Senior Analyst Lisa
Ellis in Chicago. The press release announcing the event is
available here. To access the video of the fireside chat please go
to our website, www.ADPascending.com.
Also on October 19, 2017, Pershing Square released the fifth in
a series of questions for ADP. The press release is available
here.
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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MediaMaitlandJames Devas, +44 20 7379
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