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Actionable news in ADP: Automatic Data Processing, Inc.,

Fellow hedge fund billionaire Cooperman tells Ackman his ADP move is not 'intelligent'

We may have another battle brewing between billionaire hedge fund managers.

Leon Cooperman, chairman and CEO of Omega Advisors, told Bill Ackman not to interfere with ADP, the outspoken head of Pershing Square Capital's latest target.

"While I am always praising of you as a person and an intellect if I agree to say something it will be supportive of the company and critical of you. Just a heads up. I have no dog in this fight as I gave away all my stock to charity when I retired from the board (should have held the stock and give cash!), but this is a quality...


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