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  "documentTitle": "Baird | Investment Banking Pitch Book | 80 slides",
  "authorId": "baird",
  "authorName": "Baird",
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  "presentationDate": "2018-10-01 00:00:00",
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  "pageNumber": 13,
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  "notes": "Baird financial advisory slide for Project Bronco.",
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      "kind": "paragraph",
      "text": "AMGP is proposing to acquire AM in a simplification transaction. According to the terms of the Simplification Agreement dated October 5, 2018: Each AM Common Unit held by AR shall be converted into the right to receive (i) 1.6023 shares of AMGP Common Stock, plus (ii) $3.00 in cash. Each AM Common Unit held outside of AR shall be converted into the right to receive (i) 1.635 shares of AMGP Common Stock, plus (ii) $3.00 in cash, plus (iii) a $0.415 special dividend. Baird has been requested to provide an opinion as to the fairness, from a financial point of view, to the unaffiliated stockholders of AR of the consideration to be received by AR in the Transaction.",
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      "text": "(1) Equity values based on AMGP closing share price as of October 5, 2018. (2) Excludes AMGP Common Stock consideration to Series B holders. (3) Excludes special dividend and estimated transaction fees. (4) Adj. EBITDA represents projected EBITDA less projected IDR distributions to sponsor.",
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      "text": "Transaction Metrics table showing Consideration to AR, Implied Multiples, and Total Consideration.",
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      "kind": "table",
      "text": "Sources & Uses table showing Uses ($3,071 to $6,282) and Sources ($5,632 to $6,282).",
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      "kind": "title",
      "text": "PROPOSED TRANSACTION SUMMARY",
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