ADP Authorized to Purchase Five Million Shares of its Common Stock.ROSELAND, N.J.--(BUSINESS WIRE)--Oct. 1, 1997--The executive committee of the board of directors of Automatic Data Processing Same as data processing. , Inc., authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the purchase of five million shares of its common stock, Arthur F. Weinbach, president and chief executive officer, announced today. This is in addition to the ten million shares previously authorized for purchase in August 1995. There are 3.6 million shares remaining to be purchased under the 1995 authorization. ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. currently has approximately 293 million common shares outstanding. ADP, with over $4 billion in revenue and more than 400,000 clients, is one of the largest independent computing computing - computer services firms in the world. CONTACT: Arthur Schmidt & Associates 212/953-5555 |
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