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  "authorName": "Pershing Square Capital Management",
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      "text": "There have been several mischaracterizations of our Initial Proposal which we believe need to be cleared up.",
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      "text": "Our Initial Proposal did NOT: Provide for the sale of any real estate by McDonald's; Put franchisees in danger of having a new landlord; Involve the creation of a REIT; Require a real estate financing to create significant value; Hinge on a leveraged share buyback",
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