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  "docSlug": "67e30c6378be",
  "documentTitle": "General Electric (GE)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
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  "presentationDate": "2015-10-05 00:00:00",
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  "pageNumber": 66,
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  "notes": "This slide uses a structured list format to justify an M&A transaction.",
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      "text": "We believe upside could exist to accretion targets",
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      "kind": "disclaimer",
      "text": "1) Per GE April 30, 2014 acquisition presentation... 2) Adjusts original transaction... 3) Per GE's September 8, 2015 press release. 4) Assumes year 5 synergies...",
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      "kind": "list",
      "text": "Accretive: $0.15-$0.20 accretive to EPS by 2018; potential upside to ~$0.28 per share.",
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      "kind": "list",
      "text": "Strategic: Complementary technologies, increased scope (+50% installed base), more formidable competitor.",
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      "text": "Attractive IRRs: High teens IRRs, ~7.9x EBITDA pre-synergies, <3x EBITDA run rate, $3bn cost synergies by year 5.",
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      "text": "EPS accretion: $0.15-$0.20",
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      "kind": "title",
      "text": "We Believe the Alstom Transaction Creates Value",
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