March 13, 2018 / 9:24 PM / 3 months ago

BRIEF-Pershing Square Capital Management Reports 7.2 Percent Stake In Automatic Data Processing Inc

March 13 (Reuters) - Automatic Data Processing Inc:

* PERSHING SQUARE CAPITAL MANAGEMENT, L.P. REPORTS 7.2 PERCENT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF MARCH 12, 2018 - SEC FILING

* PERSHING SQUARE CAPITAL MANAGEMENT - SOLD 5 MILLION SHARES OF ADP’S COMMON STOCK, AMERICAN-STYLE CALL OPTIONS FOR PORTFOLIO MANAGEMENT PURPOSES

* PERSHING SQUARE CAPITAL MANAGEMENT, L.P. HAD PREVIOSULY REPORTED 8.3 PERCENT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF SEPT 15, 2017 - SEC FILING Source text (bit.ly/2tL3TAZ) Further company coverage: (Reuters.Brief@thomsonreuters.com)

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