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  "documentTitle": "Moelis & Company | Investment Banking Pitch Book | 44 slides",
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  "notes": "This slide serves as a formal disclosure of the M&A process timeline and due diligence scope.",
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      "text": "During the course of its engagement, Moelis held several conference calls with members of Orlando and the Committee to discuss due diligence findings and the potential acquisition on: April 19, 2016; May 20, 2016; May 27, 2016; June 8, 2016; June 14, 2016; June 30, 2016; July 8, 2016; July 12, 2016; July 13, 2016",
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      "text": "Beginning on July 15, 2016, Orlando and Napa entered into an exclusivity agreement at a potential transaction price of $109 / share, commencing a two-week diligence period covering: Inbound Licensing, Finance & Accounting, Business Outlook, Tax, Products & Technology, Human Resources, Pricing, Sales & Marketing",
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      "text": "In addition to due diligence sessions and conference calls with Orlando, Skadden, the Committee, and Napa and its advisors, Moelis reviewed: Orlando management's financial projections, publicly available business/financial info, Napa's business/earnings/cash flow/balance sheet/forecasts, and assumptions provided by Orlando regarding Napa's financial forecasts.",
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      "text": "Throughout the course of the engagement, Moelis operated as instructed by the Special Committee, and is not aware of any communications between Orlando management, the Committee, and E regarding a potential Napa transaction",
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      "text": "On July 13, 2016, following a Committee meeting, the Committee authorized Moelis to offer to enter into a transaction at $109 / share, which Moelis communicated to Napa's financial advisors and Napa accepted through its advisors",
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