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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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  "presentationDate": "2014-04-01 00:00:00",
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  "notes": "Uses a standard pro-forma bridge to justify acquisition value creation through cost cutting (SG&A and R&D).",
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      "text": "98% Value creation $720 / $363 = 98%",
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      "text": "Illustrative Valeant Transaction: 98% Value Creation, Unlevered",
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