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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 42 slides",
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  "notes": "Includes a specific callout for the ~15% average premium.",
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      "text": "Averaging the premiums paid over the previous 1, 5, 10, and 30 day periods, an average acquisition premium of ~15% was paid. Transactions since 2014 were analyzed and excluded the following non-comparable transactions: Tesoro Logistics, Crestwood, TransOcean TransCanada, and Archrock",
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      "text": "Premiums Paid Analysis on Selected Transactions",
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