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  "documentTitle": "Bank of America | Investment Banking Pitch Book | 30 slides",
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  "presentationDate": "2023-02-01 00:00:00",
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  "notes": "Includes summary statistics for Publicly Negotiated vs Privately Negotiated transactions.",
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      "text": "While third-party M&A transactions require a control premium, affiliate take private transactions where a small minority exits the investment typically require lower premiums; since 2015 mean and median premiums of MLP take private transactions have been 12.5% and 10.7%, respectively",
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      "text": "Source: Company filings. (1) Deal size calculated as equity purchase price of publicly-held units. (2) Premium / (Discount) calculated as total consideration paid per unit relative to the price or VWAP for the Target on the unaffected date.",
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      "text": "Overall Summary, Publicly Negotiated Summary, Privately Negotiated Summary with Mean/Median values",
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      "text": "Table of 43 transactions with columns: Announcement, Acquiror, Target, Consideration, Deal Size, Unaffected Price, 30-Day VWAP, 10-Deal Moving Median",
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      "text": "Premiums Paid in Selected Precedent MLP Take Privates",
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