Pershing Square
our revised proposal step issue transparent segment step of signs arm length lease and franchise agreements with corporation corporation requires to pay a market rent and franchise fee corporation issues transparent segment for arm length and brand creates a separate board of directors at least one board member appointed from the community of will generate no tax costs given existing tax basis retains full control of minimal execution risk frictional costs of roughly cents per share versus management estimates of per share for the initial proposal | Pershing Square
Company
Deck Type
Sector
Industry
Deck date
January 2006
Slide
28 of 58
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