(Reuters) - BOSTON, July 19 - Ceridian Corp. said on
Thursday that it rejected an offer from hedge fund Pershing
Square, its biggest shareholder, that might have toppled a
previously agreed takeover bid.
The rejection comes one week after Pershing Square manager
William Ackman told the human resources and payroll company he
could come up with a better deal than the proposed $5.3 billion
bid Ceridian's management has hammered out with Thomas H. Lee
Partners LP [THL.UL] and Fidelity National Financial.
Read more at Reuters.com Mergers News
Thursday that it rejected an offer from hedge fund Pershing
Square, its biggest shareholder, that might have toppled a
previously agreed takeover bid.
The rejection comes one week after Pershing Square manager
William Ackman told the human resources and payroll company he
could come up with a better deal than the proposed $5.3 billion
bid Ceridian's management has hammered out with Thomas H. Lee
Partners LP [THL.UL] and Fidelity National Financial.
Read more at Reuters.com Mergers News
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