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  "documentTitle": "Juniper Networks (JNPR)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2014-01-13 00:00:00",
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      "text": "We believe Juniper can drive its stock price to ~$28–$32 (appreciation of ~24-40%) if it immediately implements a $3.5B share repurchase program comprised of a $2.5B ASR in 2014 and a $1.0B ASR in 2015",
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      "text": "Juniper should announce a capital return program consisting of two components, one immediate and one ongoing: $3.5B share repurchase program... Institute a quarterly dividend of $0.125 per share...",
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      "text": "EPS Accretion: $3.5B",
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      "text": "Juniper should announce a new $3.5B share repurchase and dividend program, consisting of an immediate $2.5B repurchase in 2014, a $1.0B repurchase in 2015, and a $0.125 / share quarterly dividend",
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      "text": "Source: Elliott estimates. Based on Bloomberg, company filings, Capital IQ, and Wall Street research. Analysis as of 1/9/14.",
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      "text": "2015E VALUE ENHANCEMENT FROM SHARE REPURCHASE PROGRAM",
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