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In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [17] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
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In 1982, Casey's opened its first Distribution Center in Urbandale, Iowa. [9] [10] Casey's became a publicly traded company in October 1983, with an initial public offering of 700,000 shares. Around this time Casey's began to sell doughnuts and pizza in its stores. [10] The store also briefly introduced fried chicken before abandoning the ...
The California Department of Alcohol and Drug Programs (ADP) was a California state agency concerned with substance abuse prevention and treatment. Created by the California Legislature in 1978, ADP brought together the Governor's Office of Alcoholism and the California Department of Health's Division of Substance Abuse to form the single state authority for substance abuse prevention and ...
Now have a look at ADP's valuation multiple: anImage. Source: S&P Capital IQ. Like so many other companies, ADP was overvalued 10 years ago. Expectations were too high to meet, and so valuations ...