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  "documentTitle": "Allergan, Inc. (AGN)",
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  "authorName": "William Ackman",
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      "text": "Year 1, 12% Unlevered yield $45 / $363 = 12% (Pro Forma Net Income/Purchase Price)",
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      "text": "98% Value creation $720 / $363 = 98% (Pro-Forma Value/Purchase Price)",
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      "text": "Stand Alone vs Pro Forma financials including Sales, Gross Profit, SG&A, R&D, EBIT, Taxes, Net Income, Earnings Multiple, Value, Acquisition Premium, Restructuring Costs, Purchase Price",
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      "text": "Illustrative Valeant Transaction: 98% Value Creation, Unlevered",
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