Automatic Data Processing (ADP) Spinoff of CDK Global, Inc (CDK)
I know this will be asked several times in the following days, so let this be the main post on this topic.
The split consists of 1 share of CDK for every three shares of ADP. Any partial shares will be covered by cash in lieu of partial share.
What I don't know at this time is the share prices used for the Corporate Spinoff transaction wizard.
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