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  "documentTitle": "Evercore | Investment Banking Pitch Book | 54 slides",
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  "notes": "Includes specific valuation adjustments for tax, debt, and corporate expenses.",
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      "text": "Assuming public assets at trading value",
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      "text": "Source: Factset (as of 6/9/20), LBRD management, Wall Street Research. Note: Charter tax leakage of $5,021mm at 24% tax rate per page 28 of the appendix. 1. Assumes Skyhook's value based on DCF with terminal multiple range of 1.5x to 3.5x. 2. Calculated as LBRD Equity Value as of 6/9/20 plus Net Debt minus the mid-point of Skyhook valuation plus NPV of LBRD Corporate Expense, divided by 54.1mm Charter shares within LBRD.",
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