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  "documentTitle": "Pershing Square | Activist Presentation Deck | 110 slides",
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  "authorName": "Pershing Square Capital Management",
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      "text": "Valeant's capital allocation strategy reflects management's focus on creating shareholder value",
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      "text": "Acquisitions: Management has completed 100+ acquisitions and licenses, investing $19bn+ since 2008; These acquisitions have been highly accretive due to superior cost structure and operating model; Valeant management expects the majority of the company's future free cash flow will be allocated to its value-creating acquisition strategy",
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