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      "text": "Implied equity value per AMGP common share based on comparisons with similar precedent transactions involving MLP general partners. Valuation benchmarks include: Per share price implied by multiples of Total Transaction Value to Total NTM IDR cash flow, normalized for a 1.1x coverage ratio at the underlying MLP. Baird focused on acquisitions of high-growth IDR streams for purposes of this analysis, as a way to best reflect the growth profile of AMGP.",
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