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  "documentTitle": "Tudor, Pickering, Holt &amp; Co | Investment Banking Pitch Book | 122 slides",
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  "authorName": "Tudor Pickering Holt",
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  "notes": "Includes a confidential draft watermark.",
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      "text": "AMGP Ownership Comparison at 1.650x XR (Status Quo vs Pro Forma)",
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      "text": "Transaction effective on 6/30/2018. To acquire AM, AMGP will convert into a C-Corp in a 100% stock transaction. Base case assumes: Each outstanding AM common unit exchanged for 1.65 AMGP shares. All existing Series B units exchanged for 18.5mm AMGP shares.",
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      "text": "Source: FactSet as of 8/10/2018. (1) Includes equity issued for Series B unit conversion into AMGP shares. (2) Provided by Management.",
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      "text": "Transaction Assumptions | Pre-Unitholder Tax",
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