{
  "docId": "019de50e-977a-749b-a645-2d9d61ab2e60",
  "docSlug": "47469fbe26fe6659b6327609ce41d590",
  "documentTitle": "Centerview Partners | Investment Banking Pitch Book | 31 slides",
  "authorId": "centerview-partners",
  "authorName": "Centerview Partners",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2012-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3694721,
  "pageNumber": 5,
  "pageCount": 31,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "situation_overview",
  "function": "establish_context",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The slide outlines the timeline of engagement, market impact of news, and the core strategic pillars of the negotiation.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50e-977a-749b-a645-2d9d61ab2e60/5",
  "deckHref": "/decks/019de50e-977a-749b-a645-2d9d61ab2e60",
  "deckJsonHref": "/decks/019de50e-977a-749b-a645-2d9d61ab2e60.json",
  "deckAnchorHref": "/decks/019de50e-977a-749b-a645-2d9d61ab2e60#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.07,
        "y": 0.61
      },
      "kind": "list",
      "text": "As discussed with both the Special Committee and full Board, we have focused on the ability of each of Collie's potential alternatives to address key Collie issues: Need for additional substantial wholesale customer(s); Issues associated with Collie's ownership / governance structure; Lack of liquidity to fund current business plan.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56b11fa6-e18a-4d6f-9384-a2c03d818f3f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.6,
        "x": 0.09,
        "y": 0.28
      },
      "kind": "list",
      "text": "On December 11, CNBC reported on the discussions. Collie stock closed up almost 12%; Shepherd closed down 1.6%. Shepherd is expected to file a 13D on December 13.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "67202f9e-540a-452d-80da-5ae902731b15",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.07,
        "y": 0.45
      },
      "kind": "list",
      "text": "Negotiations with Shepherd have focused on three inter-related topics: Financial and contractual aspects of the transaction; Interim financing to be provided by Shepherd; Potential for Collie to accelerate previously-agreed network buildout schedule.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d58d3b6c-37f0-40ea-ac2d-b5d99f0d8c21",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.07,
        "y": 0.19
      },
      "kind": "paragraph",
      "text": "Collie has been engaged with Shepherd since early-October regarding a potential merger. Discussions appear to have been catalyzed by St. Bernard, which on October 15 announced its agreement to acquire 70% of Shepherd for more than $20 billion.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7583157a-b4c7-495f-b37a-3651cddc0352",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.07,
        "y": 0.38
      },
      "kind": "paragraph",
      "text": "Since our engagement by the Special Committee on November 21, Centerview has been actively involved in evaluating Shepherd's proposal(s), including relative to other strategic and financial alternatives available.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6d8ce0b-9d55-45f2-bdbd-6f5866edce87",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.07,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "(1) No longer an element of the transaction. To be discussed among principals post-announcement.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6802742-19c4-43ab-8796-5be5618059a4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.25,
        "x": 0.06,
        "y": 0.07
      },
      "kind": "title",
      "text": "Situation Update",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "18d11272-77b8-4a81-a10c-f757ea8fe9e9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "3b3a319e-b4bc-49e0-97ed-6642b6aca7c2",
      "evidence": "list/bullet: As discussed with both the Special Committee and full Board, we have focused on the ability of each of Collie's potential alternatives to address key Collie issues:",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}