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  "documentTitle": "Pershing Square | Activist Presentation Deck | 31 slides",
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  "presentationDate": "2008-05-01 00:00:00",
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      "kind": "list",
      "text": "Triarc’s sole operating business is Arby’s",
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      "text": "Triarc CEO, Roland Smith, will become the CEO of the pro forma Company",
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      "text": "G&A savings of $60mm in the combined company\nOperational efficiencies of $100mm at Wendy’s operated stores",
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      "text": "Combined Wendy’s and Arby’s system would have over 10,000 restaurants in the US and ~$12.5bn of system sales",
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      "text": "All-stock transaction in which Wendy’s shareholders will receive a fixed ratio of 4.25 shares of Triarc for each share of Wendy’s",
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