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  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 10 slides",
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  "presentationDate": "2019-08-01 00:00:00",
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  "notes": "Goldman Sachs Investment Banking Division slide detailing M&A deal parameters and market context.",
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      "text": "STRICTLY CONFIDENTIAL, PRELIMINARY DRAFT AND SUBJECT TO CHANGE",
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      "text": "Since Cisco reported Q4 earnings on and provided lower than expected guidance on August 14th, the stock has traded down ~9% and put pressure on other enterprise stocks, including Vail which is down ~9% over the same period",
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      "text": "Diamond will exchange each of its shares of Raven's Class B common stock for 0.055 of a share of Vail Class B common stock",
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      "text": "Vail will acquire each of the outstanding shares of Raven's Class A common stock for $15.00 per share in cash",
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      "text": "On August 14th, Diamond filed a Schedule 13D/A related to ongoing discussions between special committees at Vail and Raven regarding a potential acquisition transaction of Raven with the following key parameters:",
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      "text": "Source: Bloomberg as of 20-Aug-2019. 1. Raven price per share implied... 2. Illustrative calculation... 3. Assumes 131.3m Raven shares...",
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