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      "text": "1. AR receives cash and a premium for its AM ownership. 2. Eliminates IDRs. 3. Creates tax efficient, traditional C-corp governance structure for New AM. 4. AR will remain the largest shareholder of Antero Midstream with a ~31% pro forma ownership. 5. Facilitates development of leading Integrated NGL platform in \"core of the core\" Marcellus and Utica",
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