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  "documentTitle": "Rubicon Limited (RBC)",
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  "authorName": "Sandell Asset Management",
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  "presentationDate": "2011-10-01 00:00:00",
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  "pageNumber": 9,
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  "notes": "The slide uses a process flow diagram to illustrate a corporate restructuring proposal.",
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      "kind": "callout",
      "text": "Step 1: Disposal of TEN via auction process. The cash proceeds from the Tenon disposal will be used to repay Tenon's debt and finance the ARBRs research and development.",
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      "text": "Flowchart showing RBC, ARBR, TEN, and Trade buyer/PE interactions",
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      "text": "The sale of TEN could circumvent a formal IPO process for ArborGen given current equity market conditions.\nStep 1: Disposal of TEN via auction process. The cash proceeds from the Tenon disposal will be used to repay Tenon's debt and finance the ARBRs research and development.",
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      "text": "Step 2: Reverse merger of ARBR into RBC. List new entity on NASDAQ",
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      "text": "Value Creation Alternatives – Separation of ArborGen",
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      "text": "Rubicon Overview",
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