{
  "docId": "019de06f-3c19-71c9-a797-2e957c7ab926",
  "docSlug": "62848ddaca2bffe6978af01fc9dbd08b",
  "documentTitle": "Evercore | Investment Banking Pitch Book | 38 slides",
  "authorId": "evercore",
  "authorName": "Evercore",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2011-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.294673,
  "pageNumber": 9,
  "pageCount": 38,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 44,
  "notes": "The slide highlights a 41.5% premium to the unaffected price and a (4.1%) discount to the 1-year average price.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-3c19-71c9-a797-2e957c7ab926/9",
  "deckHref": "/decks/019de06f-3c19-71c9-a797-2e957c7ab926",
  "deckJsonHref": "/decks/019de06f-3c19-71c9-a797-2e957c7ab926.json",
  "deckAnchorHref": "/decks/019de06f-3c19-71c9-a797-2e957c7ab926#slide-9",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.9,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "callout",
      "text": "The offer price represents a ~42% premium to the unaffected closing stock price (1) and a ~4% discount to the trailing twelve month average as of the day prior to the proposal",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a578855-b756-412f-8152-d1251b3ae4dd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.9,
        "x": 0.05,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "Source: FactSet. (1) The unaffected share price reflects the closing price on 6/10/11... (2) Based on closing prices...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "91df2f90-c5f6-411c-bbbf-382f53bbd380",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.82,
        "x": 0.09,
        "y": 0.29
      },
      "kind": "table",
      "text": "Implied Offer Price Premium table showing Offer Price, Average for the Period, Prem./(Disc.), Closing Price, and Prem./(Disc.) across various time horizons.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "048db9fa-e2c4-495b-bcd4-f4a2df4c02a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Summary Trading Analysis",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "401108fb-1a06-47f8-9bc6-38d6d727b7ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "title",
      "text": "Implied Offer Price Premium Analysis",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "00d2935f-9ee1-4fe7-aff9-7e812dedea86",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "a557a4dd-f0a9-4b09-8956-f8171fcb4a48",
      "evidence": "Implied Offer Price Premium table showing Offer Price, Average for the Period, Prem./(Disc.), Closing Price, and Prem./(Disc.) across various time horizons.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 12,
      "from": 8,
      "beatId": "f7ff1ab6-24b0-48ca-af48-30971ea8334d",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "Historical M & F Worldwide Share Price Performance and Implied Offer Price Premium Analysis",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 15,
      "from": 5,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "dd247ab4-4611-4fab-89b4-08c84f0e98dd",
      "evidence": "The document provides a logical chain of analysis from situation to solution",
      "position": 0,
      "objective": "To understand the logic behind the offer price and valuation",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}