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  "documentTitle": "Arconic Inc. (ARNC)",
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  "authorName": "Elliott",
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  "notes": "The slide uses a bottom-up analysis to calculate potential cost savings, highlighting a total opportunity range of $2.32-$4.41 per share.",
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      "text": "To illustrate the potential for cost improvement at GRP, based on a bottoms-up analysis, we analyzed GRP's 2015 mix and cost position relative to peers. The opportunity for improvement was enormous",
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      "text": "To illustrate the potential for cost improvement at GRP, based on a bottoms-up analysis, we analyzed GRP's 2015 mix and cost position relative to peers. The opportunity for improvement was enormous",
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      "text": "Source: Elliott analysis derived from industry data",
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      "text": "Table showing opportunity size in $M across product categories (Can Body Stock, Plate, Brazing Sheet, Auto Body, Heat Treated, Auto Structural, Other) for Industry Avg, Best-in-Class, Best-in-Class with BDP, and BDP Across the Board.",
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