{
  "docId": "019dd923-622b-71dc-a6dc-022165a95b3b",
  "docSlug": "b11f53a9759d",
  "documentTitle": "ADT Corporation (ADT)",
  "authorId": "11_Corvex",
  "authorName": "Keith Meister",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-10-24 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.70665085,
  "pageNumber": 41,
  "pageCount": 50,
  "prevPage": 40,
  "nextPage": 42,
  "slideType": "precedent_table",
  "function": "cite_precedent",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The chart highlights that ADT is trading at a lower multiple (46.0x) compared to recent precedent transactions (54.1x - 57.1x).",
  "elementsJson": [
    "headline_text",
    "bar_chart_vertical",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-022165a95b3b/41",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-022165a95b3b",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-022165a95b3b.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-022165a95b3b#slide-41",
  "components": [
    {
      "bbox": {
        "h": 0.32,
        "w": 0.525,
        "x": 0.238,
        "y": 0.265
      },
      "kind": "chart",
      "text": "Bar chart showing multiples for Vivint/Blackstone (57.1x), Securitas Direct/Bain and Hellman & Friedman (55.5x), Monitronics/Ascent Capital (54.1x), and ADT (46.0x).",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "00acb751-c5c8-4cf8-b076-fc74e0c8004b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.35,
        "y": 0.625
      },
      "kind": "legend",
      "text": "Recent Precedent Transactions; ADT",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1662769c-e29e-44f5-b4c3-08ca19f34cbe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "RMR Purchase Multiple: 46.0x",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-25b5-768c-bb37-1a05c76cb6b3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.45,
        "x": 0.238,
        "y": 0.67
      },
      "kind": "source-note",
      "text": "Source: Company filings, press releases, Wall Street Equity Research, and Capital IQ.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6578b265-f230-4689-8370-1ec02f2b54f0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.275,
        "x": 0.238,
        "y": 0.165
      },
      "kind": "title",
      "text": "Recent Precedent Transactions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f9be855d-d4a1-491f-bacc-490f3ad5528e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.012,
        "w": 0.135,
        "x": 0.238,
        "y": 0.218
      },
      "kind": "title",
      "text": "RMR Purchase Multiples",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fc263f76-f414-46f2-9a3b-344835de5cf1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "precedent-transaction-analysis",
      "slug": null,
      "matchId": "31a832b9-1a81-4fb8-8f8a-0894ea32ab14",
      "evidence": "Comparison of valuation multiples across similar industry transactions.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}