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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "Includes footnotes regarding assumptions for franchise fees, unit volume, and valuation multiples.",
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      "text": "We believe international franchising could add more than $5 per share in value over time – this value is not included in our $67 – $86 valuation range",
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      "text": "It is important to understand that this value creation would be gradually realized over a 5-7 year period. Once Darden's international footprint starts to mature, Darden could pursue substantial additional growth in the markets that were not initially targeted.",
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