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

Hedge fund activist Bill Ackman seeks 'transformational change' at ADP, bought more shares Friday

Pershing Square's Bill Ackman tells CNBC he bought more ADP shares on Friday.

I am "still buying the stock as of this morning," Ackman told CNBC's Scott Wapner in an exclusive phone interview Friday.

Ackman said he seeks "transformational change" at ADP and thinks its profit margin can "expand by more than 50 percent."

"I am not seeking control of the company," he added...


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