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Breaking News: Bill Ackman Reportedly Suffers a Big Blow in his Effort to Shake Up ADP

Business Insider

ADP shareholders voted against adding three directors to its board including Bill Ackman, handing a loss to the activist investor after a three-month long campaign, The Wall Street Journal and Bloomberg reported on Tuesday.

The billionaire founder of the hedge fund Pershing Square has engaged in a bitter proxy battle with the HR-software provider, calling for sweeping changes including the replacement of CEO Carlos Rodriguez...

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