Aug 3 (Reuters) - CDK Global Inc
* Cdk global to add two independent directors to board
* Addition of two directors will expand cdk’s board to 10 members
* “well on our way to achieving our goal of improving adjusted ebitda margins by 1,300 basis points to 35% by june 2018”
* “will evaluate our capital allocation policy, which will likely result in additional share repurchases”
* Will add two independent directors to its board under an agreement with elliott management
* Elliott has agreed to certain “standstill” provisions as per agrrement
* Elliott management has an approximately 9.3% ownership stake in co Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)
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