{
  "docId": "019dd923-622c-750b-8b9b-52396898d5ae",
  "docSlug": "2a9b75eb1f86",
  "documentTitle": "Family Dollar Stores (FDO)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2011-05-25 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 37,
  "pageCount": 42,
  "prevPage": 36,
  "nextPage": 38,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 51,
  "notes": "The slide uses a table to demonstrate the shift in ownership composition toward activist/opportunistic funds.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "data_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-52396898d5ae/37",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-52396898d5ae",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-52396898d5ae.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-52396898d5ae#slide-37",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.84,
        "x": 0.08,
        "y": 0.21
      },
      "kind": "callout",
      "text": "Since Trian's February 15th bid, the shareholder base has changed to more opportunistic investors:",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3d33c997-3a86-4af1-86a6-b3c624ea7e83",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.2,
        "x": 0.707,
        "y": 0.342
      },
      "kind": "callout",
      "text": "Pershing Square purchased its position starting in February at prices between $43 and $54",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "67948584-785a-4a21-832c-078580f85838",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.84,
        "x": 0.08,
        "y": 0.84
      },
      "kind": "paragraph",
      "text": "FDO has implemented a poison pill at 9.9% that expires on March 2, 2012.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5b7e8e85-1100-41c6-989e-e2b8afa1b6c4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.08,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Note: Pershing Shares as of May 24, 2011",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "674e9c14-9c7c-4b1c-9a7c-96c35bf3da5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.48,
        "w": 0.65,
        "x": 0.1,
        "y": 0.31
      },
      "kind": "table",
      "text": "Table of shareholders including Trian, Howard Levine, Pershing Square, etc., with shares held, % of company, and change since 12/31/10.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14385c4e-2625-4ddb-a971-f127796f2b8e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.84,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Family Dollar's Shareholder Base is Changing",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5001c29f-7035-4f95-8e64-08437ee34ee5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}