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  "documentTitle": "Evercore | Investment Banking Pitch Book | 54 slides",
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  "authorName": "Evercore",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-06-01 00:00:00",
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  "nDataPoints": 88,
  "notes": "Includes two variations: one based on raw market value and one adjusted for LTREE ownership on a taxed basis.",
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      "text": "Historical exchange ratio trend line (adjusted for LTREE) with LBRD proposal reference line",
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      "text": "Source: FactSet. Note: exchange ratio is calculated as GLIB Series A adjusted share price after impact from LendingTree divided by LBRD Series C share price; GLIB and LendingTree's historical basic shares outstanding per Factset; assumes diluted shares constant per 6/9/20. 1. Assumes 27% effective tax rate for LendingTree and cost basis of $198mm per GLIB management guidance. 2. Represents GLIBA average share price after LendingTree impact (GLIB average share price adjusted for proportional share of LendingTree share price post-tax).",
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      "text": "Illustrative Exchange Ratio Based on Market Value",
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