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Home>Pershing Square Update on ADP – October 6, 2017

Pershing Square Update on ADP – October 6, 2017

Pershing Square Update on ADP – October 6, 2017

10/07/2017

Pershing Square Update on ADP – October 6, 2017

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 ADP (NASDAQ: ADP).

This past Tuesday, October 3, 2017, Pershing Square issued a press release announcing a live webcast to ADP shareholders on October 10th and unveiling the second in a series of videos for shareholders. The webcast will be held in the evening to give all shareholders – particularly retail shareholders and other individual investors – a chance to understand the significant opportunity for improvement at ADP. The press release and second video is available here.

On Wednesday, October 4th, Bill Ackman appeared on CNBC with Jim Cramer. Subsequently, Mr. Cramer appeared on CNBC to discuss the interview. To access the interview and subsequent segments, click the links below:

Bill Ackman on CNBC with Jim Cramer, October 4, 2017

CNBC’s Jim Cramer on Why Bill Ackman Deserves a Board Seat at ADP

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