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  "documentTitle": "Alexion Pharmaceuticals, Inc. (ALXN)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
  "documentKindSlug": "shareholder-letter",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2020-05-12 00:00:00",
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  "notes": "This is a page from an activist investor letter (Elliott Management) to the Board of Alexion Pharmaceuticals.",
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      "text": "Selling the Company is the best and (at this point) the most viable pathway forward to solve its prolonged market issues and deliver an optimal outcome to all with a stake in Alexion’s future.",
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      "text": "Operational improvements? ... Diversification through M&A? ... Merger? ... Capital returns?",
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      "kind": "paragraph",
      "text": "coupled with an escalating series of missteps have eroded trust in the Board and management and have obscured the attractiveness of the franchise.",
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      "kind": "paragraph",
      "text": "We respectfully urge the Board to acknowledge the limitations of the current strategy in light of the Company's persistent underperformance and to act with urgency in exploring strategic alternatives.",
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      "text": "Having spent the last several years deeply engaged with Alexion... we return to the same conclusion: Alexion is a great company, but cannot reach its full potential as a listed stand-alone company. Selling the Company is the best... pathway forward.",
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