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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 40 slides",
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  "nDataPoints": 54,
  "notes": "The chart displays paired bars for each company representing initial vs final offer premiums, with a median line at 18%.",
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      "text": "Initial Offer to 1M VWAP Premium; Final Offer to 1M VWAP Premium; Median",
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      "text": "Selected Take-Private Transactions of U.S. Listed Cayman-incorporated Chinese Companies with Definitive Merger Agreements Signed (2015 – Sep 28, 2020) (1)",
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      "text": "Source: Company filings and Capital IQ. Notes: 1. Excludes transactions where implied market cap < US$500MM... 2. Refers to implied market cap at initial offer price...",
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