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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 21 slides",
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  "presentationDate": "2018-08-01 00:00:00",
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      "kind": "callout",
      "text": "A Merger of AMGP and AM Provides More Benefits to AR Than Any Other Proposed Transaction",
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      "text": "Financially viable to equity holders of AR, AMGP and AM\nBest addresses AR shareholder concerns regarding mis-alignment of incentives\nPro forma AM / AMGP would be highly-attractive midstream C-Corp with differentiated growth, coverage, leverage and yield profile\nAM receives up-front premium and accretion to long-term distributions\nTax shelter provided by step-up enhances AMGP DCF\nAnalysis indicates AMGP should hold value and even improve\nC-Corp structure provides larger float, liquidity, access to institutional capital, and an improved future source of liquidity for AR as exampled by ONEOK and Macquarie Infrastructure\nAt pro forma leverage of 3.0x or lower, there is little risk of a credit downgrade at AMGP pro forma",
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      "text": "Based on its detailed analysis of the potential structural alternatives previously reviewed with the AR Special Committee and the Board, Antero management and its advisors continue to believe that an acquisition of AM by AMGP is the most attractive structural alternative for AR's shareholders",
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