ADP (ADP) Tops Q1 EPS by 6c, Beat on Revenues
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Ackman makes new bet against Herbalife with options
November 1, 2017 9:17 AM EDT(Reuters) - William Ackman said on Wednesday he has bought options to sell shares of Herbalife Ltd (NYSE: HLF) as a new way to bet against the nutritional supplement company he has described as a pyramid scheme.
The activist investor took a $1 billion bet in 2012 that Herbalife's shares would fall by selling loaned shares which he hoped to buy back cheaper at a later date.
Herbalife's shares have instead risen since then, partly due to the company aggressively buying back its own stock. On Wednesday Ackman said that the short stock... More
ADP (ADP) Rejects 'False' and 'Misleading' Statements by Pershing Square's Bill Ackman
October 31, 2017 8:38 AM EDTADP (NASDAQ: ADP) today issued the following statement:
"ADP strongly rejects the false and misleading statements made yesterday by Pershing Square's Bill Ackman in his various press releases and his 18-page letter to Institutional Shareholder Services (ISS). Consistent with our responsibilities under Regulation FD and ISS' long-standing policy, ADP has not disclosed any material non-public information in its meetings with ISS or any other party. Our discussion with ISS was based entirely on information included in the investor presentation filed with the Securities and Exchange Commission (SEC) on September 12, 2017, as well as... More
