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  "documentTitle": "Baird | Investment Banking Pitch Book | 4 slides",
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  "authorName": "Baird",
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  "presentationDate": "2018-07-01 00:00:00",
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  "nDataPoints": 10,
  "notes": "The slide uses a mathematical formula structure to derive the implied premium.",
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      "kind": "table",
      "text": "Based on Current AM Unit Price (as of July 20): $19.24 * 1.65x = $31.75 / $31.64 = 0.3%",
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      "text": "Based on AM \"Clean\" Unit Price (as of Feb. 23): $19.19 * 1.65x = $31.66 / $26.49 = 19.5%",
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      "text": "IMPLIED PREMIUM AT 1.65x EXCHANGE RATIO",
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      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
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