Ceridian and Pershing Square Capital Management resolve proxy contest

Co and Pershing Square Capital Management announce that Ceridian and certain funds managed by PershingSquare have reached an agreement with respect to the election of directors atthe upcoming annual meeting of Ceridian. Pershing Square has agreed to discontinue the proxy contest with respect to the election of directors at the annual meeting, and Ceridian has agreed that immediately following the annual meeting, the size of the Ceridian board will beincreased to eleven, and three of Pershing Square's current nominees will be appointed to the board.