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  "documentTitle": "Citi | Investment Banking Pitch Book | 43 slides",
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  "presentationDate": "2004-11-01 00:00:00",
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  "notes": "Legal/governance slide detailing transaction requirements.",
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      "kind": "list",
      "text": "Overview: Based on the definition of \"Business Combination\" in Charlie's charter, either a one- or two-step going private transaction would qualify as a Business Combination",
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      "text": "Exceptions to 80% requirement: 1. The Business Combination has been approved by a majority of the Independent Directors, or; 2. If (a) through (d) are met: a. Offered value for common stock equal or greater than the higher of: i. Highest per share price paid by Related Party within 18 months prior to announcement of a transaction, or in a transaction in which it became a Related Party, or; ii. The Fair Market Value per share, which is based on the average closing price of the common stock for the 30 days prior to the announcement of the transaction b. Offered value for Charlie securities other than common stock equal or greater than the highest of: i. Highest per share price paid by Related Party within 18 months of proposed transaction; or ii. The redemption price or liquidation value of each class of non-common capital stock; or iii. Fair Market Value of each class of non-common stock c. Consideration offered to holders of common and capital stock be in cash or the same form a related person has previously paid for shares",
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      "text": "General Requirement: If no Special Committee approval, Business Combination Requirement: 1. Vote of 80% or more of all voting stock, and; 2. Vote of majority of the minority",
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      "text": "Business Combination Charter Provision",
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