Pershing Square took a 9.9% stake in Chipotle a year ago.
ADP ( ADP ) on Friday said, in its response to communications from Pershing Square Capital Management, that ADP board has rejected Pershing's request to extend director nomination deadline.
Ackman's pursuit of ADP, which has a market value of about $50-billion, comes as the 51-year-old hedge fund veteran is seeking to score a big win following disappointing investments in debt-laden drugmaker Valeant Pharmaceuticals International Inc and norovirus-stricken restaurant chain Chipotle Mexican Grill Inc.
A representative for Pershing Square declined to comment. We also discussed the need for transformational change at the company and expressed a willingness to work with existing management or, alternatively, an external CEO candidate, to effectuate that change. Ackman didn't provide names of his other potential nominees, other than his own, the sources said.
Sentenced to 5 Years Probation
Fourteen-year-old Bregoli pleaded guilty last month to charges of possession of marijuana, grand theft, and grand theft auto. Bregoli was sentenced to 5 years probation on Tuesday (Aug. 1) while appearing in a courtroom in Delray Beach, FL.
Retract troops unconditionally: China to India
It asserted that "China will take all necessary measures to safeguard its legitimate and lawful rights and interests". China also indicated that the two sides are in touch to resolve the dispute in the Sikkim sector of the border.
"Rodriguez has very broad-based investor support and has factually delivered very compelling returns for shareholders so Pershing Square faces an uphill battle in this case", said Bernstein Research analyst Lisa Ellis.
"ADP appears to be strongly pushing back against Pershing Square's Bill Ackman, unlikely to accede to any corporate governance or financial/operational demands", Wells Fargo & Co. analyst Richard Eskelsen wrote in a note to clients. "Since Carlos Rodriguez became CEO almost six years ago, ADP's total shareholder return of 202% is well in excess of the S&P 500 TSR of 128% - and is many multiples of Pershing's TSR of 29%", the release said.
Pershing Square is said to have acquired an 8 percent stake in ADP through derivatives, which are not subject to the same disclosure requirements as stock. Pershing Square now has around $10-billion in assets under management. The last time Ackman invested in ADP he agitated for changes including spinning off non-core assets and rationalizing the balance sheet.
The report mentions that the Pixel 2 will be manufactured by HTC , while the larger Pixel XL 2 will be put together by LG. There are talks that the upcoming Google phones could be manufactured by LG and are codenamed as Walleye and Taimen.
The Florida Department of Health announced in a statement Tuesday that the case was reported in Pinellas County. Health officials said the state has not had any cases of the virus being spread through mosquitoes in 2017.
The president asserted that the current immigration system "has not been fair to our people, to our citizens, to our workers". They stressed that the legislation was narrowly focused, an approach they hoped would be able to get bipartisan support.
President Hassan Rouhani, according Iranian accounts, would soon announce the sanctions to relevant ministries. Trump signed off the new sanctions - which also target Russian Federation and North Korea - on Wednesday.
If Trump doesn't act, it will be another sign to the North Koreans that they can do as they please with no consequences. Suggestions that the U.S. could force a regime change in North Korea have also only further inflamed tensions.
European markets closed higher: London's FTSE rose 0.7 per cent, Paris added 0.7 per cent and Frankfurt lifted 1.1 per cent. Other tech stocks also gained in extended trading with Alphabet, Netflix and Amazon shares all higher.
The new sanctions bill hits Russia's energy and defense sectors, and also includes fresh sanctions against Iran and North Korea. Both Trump and Putin are chewing rugs today as the passage of the act protecting the sanctions from Trump have foiled the plot.
Remini, who starred alongside James from 1998 to 2006 on the King of Queens , took to Instagram at the time to celebrate the gig. Entertainment Weekly reported that James' character will become an employee of a security company run by Remini this season.
One important piece had been missing though, with Xbox owners clamoring for Spotify to make an official app for Xbox One. The app was uncovered by a vigilant Reddit user who noticed Xbox Live director of programming Larry Hryb, A.K.A.
The June 8 national poll found Merkel challenges Trump as leader of free world; voters oppose GOP health care bill nearly 4-1. The May 17 New York City poll found Mayor de Blasio's approval rating soars; he tops little-known challengers 3-1.
That person contributed to her death and violated beach rules that prohibit digging deep holes in the sand, investigators said. Sand hole collapses have killed 31 people worldwide in the last decade, according to the CBS Baltimore report .
Google Play Store will now rank apps according to performances
Google wants to promote those apps that are of high-quality, which means high user ratings and hardly any glitches or crashes. Apps that frequently crash, eat up excess battery, or render slowly will find themselves much lower in Play Store searches.
Grand jury said to be used in Russian Federation probe
There are virtually no limits on the investigative powers of the grand jury. "Grand jury matters are typically secret", Mr. The news of a grand jury comes up as the US President prepares to take a 17-day-vacation to New Jersey later this week.
Jab Harry Met Sejal: One more 'Tamasha'
All of Imtiaz's films after Rockstar have received an average response; both in terms of reviews and box-office numbers. In the problem of finding Sejal's Engagement ring, Harry understands the love and the bond between the relationships.
Minneapolis school explosion levels building
Tuition and fees for the school range from about $12,000 for kindergarten to more than $21,000 for a senior in high school. The blast pushed part of the building's wall outwards causing the roof to collapse, according to fire chief John Fruetel.
Episode IX gets a new screenwriter — Star Wars
John Boyega has revealed that late actress Carrie Fisher will get an "amazing" send-off in Star Wars: The Last Jedi . Fans everywhere are dying to gain knowledge of even the tiniest information they can to satiate their curiosity.
WATCH Michelle Carter Sentencing In Teen Text Killer Case
Among dozens of messages, she said he should " get back in " when leaving his pickup truck filling with toxic carbon monoxide. Neither Carter nor anyone from her family spoke on Thursday but her father David defended her in a letter to the court.
Korea regime change, willing to talk: Tillerson
Han Chol-Su, a senior North Korea development official, earlier denied that the loss of business would hurt his country's economy. He said that Iran's expansionist intention was aimed to increase its influence in the Middle East and other parts of the world.
China hits back at Donald Trump over North Korea tweet
President Donald Trump said China had done nothing for the United States on North Korea. "[Trump] has told me that", Graham said. There is no link between North Korea's nuclear program and China-U.S. trade, a senior Chinese official said Monday, after U.S.
US, China in heated tug of war over North Korea
According to Vzglyad columnist Petr Akopov, the North Korean issue initially emerged as a tool for blackmail against China. And China has essentially acted like it no longer wishes to be bothered in interfering with our North Korea problem.