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  "documentTitle": "Trian Partners | Activist Presentation Deck | 42 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-10-01 00:00:00",
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  "notes": "The chart uses annotations to link specific takeover events to stock price movements.",
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      "kind": "chart",
      "text": "PPG Share Price: March 1-August 1, 2017",
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      "text": "On March 8, 2017, PPG made an unsolicited offer to acquire Akzo Nobel (“Akzo”) for €83/share in cash. Over the next 3 months, PPG engaged in a series of aggressive takeover attempts. Management demonstrated lapses in judgment. PPG reported a Q2 miss.",
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      "kind": "source-note",
      "text": "Source: Company press releases, news articles.",
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      "kind": "title",
      "text": "Management’s Decision to Attempt a Hostile Takeover Was Flawed",
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      "beatName": "Problem (Identify pain)",
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      "evidence": "Slides 4-15 present PPG's performance issues, including underperformance, missed targets, and flawed decision-making.",
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