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  "notes": "Draft working materials; includes footnotes regarding synergy assumptions and equity raise.",
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      "text": "Note: 1) Synergies are preliminary and subject to diligence; assumes $40mm in run rate cost synergies phased in 50% in 2017 and 100% in 2018 and beyond, net of $30mm of integration costs; ~$57mm in annual tax savings 2) Assumes equity raised at current Luna price of $21.25 3) Excludes Saturn shares held by Luna",
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      "text": "Value of Luna Offer – Sensitivity on Luna Stock Price",
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