Automatic Data Processing Inc. is looking to merge with Sandy Corp., a performance improvement company in Troy, Mich. ADP has proposed to exchange ADP shares at $12 a share for each Sandy Corp. share. In a release issued last week, Sandy Corp. said it "remains optimistic that an agreement can be reached." A further announcement is expected in the next two weeks, Sandy Corp. said. The release said Sandy Corp. services include consulting, research, training and communication tools and media.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails