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      "text": "Some Royals shareholders may be taxed differently depending on if consideration is cash or stock. Timing of dividends in relation to transaction close. Potential impact of transaction structure on appraisal rights.",
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      "text": "Investors generally believe that there is a reasonably high likelihood of a deal being signed. Investors believe a deal can be signed within 6-8 weeks and can be closed within 8 months of signing.",
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      "text": "Despite being listed in different markets, there is shareholder overlap between Royals and Braves. Our preliminary shareholder flow-back analysis indicates there will likely be a substantial amount of selling by U.S. index (and other) funds, which could be largely offset by UK demand.",
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