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  "documentTitle": "Baird | Investment Banking Pitch Book | 29 slides",
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  "authorName": "Baird",
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  "presentationDate": "2018-07-01 00:00:00",
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  "notes": "Includes a valuation buildup for implied premium and three comparative bar charts showing standalone vs pro forma projections.",
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      "kind": "chart",
      "text": "Total Cash to AR from Midstream Holdings",
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      "text": "Distribution Forecast to AMGP Unitholders",
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      "text": "Distribution Forecast to AM Unitholders",
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      "text": "Increase AMGP for AM exchange ratio from 1.6x to 1.7x\nAdd a cash component of $750 mm, or approximately $4.00 per AM unit\nReduce Series B exchange from 18.5 mm shares to 10 mm shares\nMandate no distribution cut to AM unitholders",
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      "text": "Source: Antero management projections. Note: Represents closing prices as of June 28, 2018.",
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      "text": "Implied Premium to AM Price calculation table",
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      "text": "ILLUSTRATIVE COUNTER CONSTRUCT",
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