Ceridian responds to Pershing on sale plans

(Reuters) - "The Board welcomes involvement by shareholders and is prepared to review any proposals that might result in a superior proposal per the merger agreement," Minneapolis-based Ceridian said.



Ceridian responded one day after New York-based hedge fund Pershing Square Capital Management, which owns 14.9 percent of the company, said it opposes the plan to sell Ceridian for $36 a share.


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Ceridian shareholder says does not support sale at "low price"

(Reuters) - Ceridian last month agreed to be bought by private equity firm Thomas H. Lee Partners and insurance company Fidelity National Financial Inc. for $5.3 billion in cash or $36 per share.







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