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  "documentTitle": "FirstGroup plc (FGP)",
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  "authorName": "Sandell Asset Management",
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  "presentationDate": "2014-01-15 00:00:00",
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  "notes": "The slide uses a Q&A format to preemptively address investor concerns about the urgency of the activist's proposal.",
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      "text": "Given the operational benefits of the Sandell Plan, we believe the Proposals should be implemented as soon as possible in order to improve the probability of success under the Company's turnaround plan",
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      "text": "Source: Company filings, broker research, Sandell estimates (as included in slide 36), Bloomberg. (1) Jefferies (9-Dec-2013).",
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