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Two More Activist Funds Build Stakes in ADP

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Two activist hedge funds have built small stakes in Automatic Data Processing Inc., according to people familiar with the matter, adding pressure to the payroll-processing firm as it tries to jumpstart growth. The two investors, D.E. Shaw Group and Sachem Head Capital Management, haven't decided whether they would try to push for changes at the company, the people said, but they have met separately with ADP's management and are closely tracking its performance...

Mentions: Management Investors Automatic Data Processing