Friday, March 30, 2007

Reports Bain Capital and Blackstone Group Are Among Bidders for Ceridian (CEN)

According to reports from Reuters, private equity firms Bain Capital and Blackstone Group are among the bidders for Ceridian (NYSE: CEN), citing sources. The report said two corporations are also bidding for the company, although their names were not disclosed.
Bill Ackman's Pershing Square Capital hedge fund has been pushing for changes at Ceridian.

In February, Ceridian announced that its Board of Directors has decided to explore a broad range of strategic alternatives to enhance shareholder value.



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