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  "authorName": "Pershing Square Capital Management",
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  "notes": "Contains specific financial modeling assumptions for a transaction involving McOpCo and McDonald's.",
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      "text": "For modeling purposes, we have assumed a 20% IPO of McOpCo and the proposed share repurchases occurred on 12/31/2005.",
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      "text": "For modeling purposes, we have assumed a 20% IPO of McOpCo and the proposed share repurchases occurred on 12/31/2005. In addition to our IPO assumptions, set forth herein are assumptions regarding share repurchases, capital structure and dividend policy.",
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