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  "documentTitle": "Newell Brands Inc. (NWL)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "Unfortunately, in less than two years, Newell’s management team has made critical missteps in integrating and operating the businesses, resulting in poor financial performance.",
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      "text": "In April 2016, Newell closed the largest acquisition in company history by purchasing Jarden for more than $18 billion in cash and stock...",
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      "text": "The first $500 million of synergies is expected to create a company with EBITDA margins of over 20% and annual EBITDA of over $3 billion...",
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      "text": "The first $500 million of synergies is expected to create a company with EBITDA margins of over 20% and annual EBITDA of over $3 billion, giving us the firepower to reduce the leverage ratio to 3 times to 3.5 times within two years to three years and then, subsequently, to deploy capital to create further value beyond our organic agenda. — CEO Michael Polk – Q4 2015 Earnings Call",
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      "text": "Source: Capital IQ; Stock price performance from April 18, 2016 to January 25, 2018.",
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      "kind": "title",
      "text": "Newell's Stock Price Performance Since the Acquisition of Jarden",
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