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  "docSlug": "3ba9e41630e53cb6acc0c9c4cd0f48e7",
  "documentTitle": "AMC | Mergers and Acquisitions Presentation Deck | 16 slides",
  "authorId": "amc",
  "authorName": "AMC",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2016-07-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 11,
  "pageCount": 16,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 9,
  "notes": "The slide justifies the exclusion of international comps due to differing operating environments and accounting standards.",
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  "slideHref": "/slides/019de06f-6fab-753c-964a-2001b2475b2b/11",
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  "deckAnchorHref": "/decks/019de06f-6fab-753c-964a-2001b2475b2b#slide-11",
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        "h": 0.6,
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        "x": 0.5,
        "y": 0.22
      },
      "kind": "chart",
      "text": "And to Precedent Carmike Transactions (Transaction Value / LTM Adj. EBITDA Post-Synergies)",
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      "kind": "chart",
      "text": "Significant Premium to US Comparables (Enterprise Value / LTM Adj. EBITDA)",
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      "kind": "list",
      "text": "US public comps and Carmike precedent transactions represent the most relevant valuation benchmark. International public comps and precedents are not comparable given different operating environments, accounting standards and corporate tax laws.",
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      "kind": "source-note",
      "text": "Source: Company filings, press releases and Carmike management. Note: (1) As of 3/31/2016. Net of stock based compensation (“SBC”) and M&A expenses. Excludes NCMI cash distribution which are included in AMC, Regal and Cinemark’s reported Adj. EBITDA (2) Carmike acquired 16 out of 21 theatres.",
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      "kind": "title",
      "text": "Revised Offer Represents a Premium Valuation",
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      "evidence": "Comparing current offer against public comps and precedent transactions",
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  "arcBeats": [
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      "beatId": "0c1f6102-0b6b-4d47-9436-52ded46f549d",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Slides 8-13 provide evidence and proof of the attractive offer and premium valuation",
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      "confidence": 0.8,
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  "loops": [
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "9ae80e6b-bf0b-4e36-97a0-aba41d022f55",
      "evidence": "The deck implies the cost of inaction by highlighting the benefits of the acquisition",
      "position": 1,
      "objective": "What happens if the acquisition doesn't happen",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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