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  "documentTitle": "Trian Partners | Activist Presentation Deck | 16 slides",
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  "authorName": "Trian Partners",
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  "presentationDate": "2012-11-01 00:00:00",
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  "nDataPoints": 3,
  "notes": "Uses CEO quotes to establish the 'trend' and brand logos to expose the contradiction in peer portfolios.",
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      "kind": "callout",
      "text": "While some peers are moving to nutritionally-focused portfolios, Danone is already there...",
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      "kind": "diagram",
      "text": "Danone: Health-Focused Portfolio",
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      "text": "Nestle's Less Healthy Brands",
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      "kind": "image",
      "text": "Pepsi's Less Healthy Brands",
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      "kind": "list",
      "text": "Large-cap food companies covet health & wellness businesses: Nestle acquisition of Pfizer Infant Nutrition (19.8x EBITDA); Whitewave IPO (24x 2013 EPS); Whole Foods/Fresh Market (30x forward EPS)",
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      "kind": "quote",
      "text": "In the last [few] years, we have really been aligning the whole company very strongly behind our agenda, which is nutrition, health and wellness... -Paul Bulcke, CEO, Sept 2012",
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      "kind": "source-note",
      "text": "Source: Investor presentations, conference call transcripts.",
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