{
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  "docSlug": "80df14df7c6630a66610a76b5f3de6c2",
  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 21 slides",
  "authorId": "antero-midstream-partners",
  "authorName": "Antero Resources",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-08-01 00:00:00",
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  "pageNumber": 10,
  "pageCount": 21,
  "prevPage": 9,
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  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 36,
  "notes": "The slide uses a series of bar charts to compare AMGP PF against two peer groups across 6 metrics for two years.",
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  "slideHref": "/slides/019de50f-1e7d-71c9-9f75-87658af09a16/10",
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      "text": "Peer Trading Statistics",
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      "kind": "disclaimer",
      "text": "Source: FactSet as of 8/2/18; Midstream C-Corps include: OKE, TRGP,WMB; E&P Sponsored MLPs include: WES, EOM, NBLX, CNXM, HESM\nNote: Assumes AMGP acquires AM for 1.68x exchange ratio plus $1.92 in cash per unit; Assumes current AMGP share price of $19.04 as of 8/2/18 in calculating metrics",
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      "kind": "list",
      "text": "Despite materially higher DCF growth, AMGP PF trades at significantly lower cash flow multiples with 100 - 300bps of potential yield improvement\nEvery 100bps improvement in 2019E yield would represent a $3.25 increase in share price, or a ~18% improvement to AMGP's current price",
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      "kind": "title",
      "text": "AMGP Pro Forma Valuation Considerations",
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      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The pro forma AMGP is presented as a solution.",
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      "confidence": 0.8,
      "parentBeatName": "Turn",
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  ],
  "loops": [
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      "from": 2,
      "name": "Logic Chain",
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      "evidence": "The document presents a clear and structured argument.",
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      "objective": "Present a logical case for the merger.",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
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