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  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
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  "authorName": "Nelson Peltz",
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  "notes": "Includes a disclaimer regarding the applicability of this past performance to future investments (DuPont).",
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      "text": "Snapple: Case Sales Trends (Volume) 1995-1H00",
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      "text": "Enterprise Value ($ in millions): 1997 ($300m) to 2000 ($1,500m)",
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      "text": "Disclaimer: This case study is an example of a discrete investment... not to imply that Trian's involvement with DuPont will be successful.",
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      "text": "\"Blank Sheet of Paper\" approach to building an overhead structure, similar to the recent turnaround of Axalta in 2013/2014. Built an efficient overhead structure for senior leadership and corporate services. Eliminated bureaucracy.",
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      "text": "End Result: Reversed volume declines, returned to profitability, 11 straight quarters of growth, sold to Cadbury in 2000 for ~$1.5bn, became a Harvard Business School case study.",
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      "text": "Triarc, an investment vehicle controlled by Trian's Principals, acquired Snapple from Quaker Oats in 1997 ($300m purchase). Significant operational turnaround involving product innovation, supply chain investment and marketing.",
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