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Friday, April 13, 2012

Pershing Square's Presentation on Burger King

Pershing Square via their SPAC - Justice Holdings Ltd. is acquiring Burger King and taking it public. The presentation walks through the transaction details as well as the Company's growth potential. It also goes on to walk through their potential valuation - they feel that once the merger is complete the new Burger King is worth $15 - $20 per share today and they think earnings have the potential to quadruple if they are successful on their domestic turnaround and their international expansion. So their price target is between $26 - $41 by 2016.


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