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  "documentTitle": "Tudor, Pickering, Holt &amp; Co | Investment Banking Pitch Book | 5 slides",
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  "notes": "The slide compares two different look-back periods for VWAP to determine an exchange ratio, incorporating adjustments for Series B shares and a 10% premium.",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Source: Company filings, FactSet as of 8/30/2018.",
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      "text": "Current Spot XR table",
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