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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:55 EDTADP, ADP, ADPAutomatic Data Processing to host conference call
Moody's Analytics Chief Economist Mark Zandi discusses the January 2013 ADP National Employment Report on a conference call to be held on January 30 at 8:15 am.
News For ADP From The Last 14 Days
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April 16, 2014
15:02 EDTADPADP notified of unsolicited 'mini-tender offer,' recommends shareholders reject
ADP announced it has been notified of an unsolicited "mini-tender offer" made by TRC Capital to ADP's shareholders to purchase up to 2M shares of common stock, or approximately 0.42% of ADP's outstanding shares. TRC Capital's offer price of $71.00 per share is approximately 4.36% below ADP's closing price of $74.24 on April 14, the last full trading day before the mini-tender offer was commenced. ADP said it does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer and not tender their shares, based on the fact that TRC Capital's offer represents a price below the current market value of ADP's common stock and that the offer is subject to a number of conditions.
April 14, 2014
11:47 EDTADPADP, Enterprise Products expand relationship
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April 10, 2014
10:47 EDTADP High option volume stocks: KOG PIP IPXL ADP EWH
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10:14 EDTADPADP spin-off a positive development, says Wells Fargo
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09:04 EDTADPADP announces plan for spin-off of Dealer Services business
ADP announced that the company's board has approved a plan to separate the Dealer Services business into an independent publicly traded company through a tax-free spin-off of 100% of Dealer Services to ADP shareholders. In conjunction with the spin-off ADP expects to receive in a tax-free manner at least $700M, which proceeds ADP plans to return to its shareholders through share repurchases after the spin-off is complete, depending on market conditions. Following the spin-off, ADP expects to maintain its current 48c quarterly cash dividend per share. Over the medium to long term, ADP intends to return to its pre-separation target dividend payout ratio of 55% to 60%, while keeping intact ADP's 39 year track record of annual increases in its quarterly cash dividend, subject to approval by ADP's board. The spin-off will be completed upon receipt of all required regulatory reviews and approvals. ADP expects to complete the separation in the early part of Q4.

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