ADP Authorized to Purchase an Additional 50 Million Shares of Its Common Stock.ROSELAND, N.J. -- The board of directors of Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE See: New York Stock Exchange :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. ) authorized the purchase of an additional 50 million shares of its common stock, Gary C. Butler, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and CEO-elect, announced today. This is in addition to the approximately 32 million shares remaining to be purchased under previous share repurchase authorizations, resulting in a total authorization of approximately 82 million shares. ADP currently has approximately 560 million shares outstanding. ADP, with nearly $9 billion in revenues and more than 570,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective processing and information-based business solutions. |
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