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  "documentTitle": "LionTree | Investment Banking Pitch Book | 25 slides",
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  "presentationDate": "2016-06-01 00:00:00",
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  "notes": "Assumes mid-year convention, discounted back to 3/31/16; based on balance sheet as of 3/31/16 (net debt of $788mm), equity in affiliates of $808mm and minority interest of $98mm; excludes value of operating losses which have been incorporated in the 15.0% tax rate.",
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      "text": "Source: Projections per Luna management, as reviewed by Saturn. Notes: 1) Assumes mid-year convention, discounted back to 3/31/16; based on balance sheet as of 3/31/16 (net debt of $788mm), equity in affiliates of $808mm and minority interest of $98mm; excludes value of operating losses which have been incorporated in the 15.0% tax rate.",
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      "text": "Sensitivity analysis of Price Per Share based on WACC and LTM Terminal EBITDA Multiple.",
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      "text": "Luna Discounted Cash Flow Analysis",
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