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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 116 slides",
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  "authorName": "Tudor, Pickering, Holt & Co",
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  "presentationDate": "2018-11-01 00:00:00",
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  "notes": "Includes summary rows for Median and Mean premiums for all and taxable transactions.",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Source: Company filings, press releases, presentations and FactSet for pricing data. Represents precedent MLP transactions by affiliated and third party MLPs, Public GPs and C-Corps since 2011.",
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      "text": "Note: Considers transactions where target is an MLP. Implied transaction premium to AM based on adjusted offer XR of 1.714x adjusted to reflect proposed Series B conversion, with AMGP share price calculated as (AMGP equity value + ((AMGP equity value - $2bn) x 6%))/AMGP fully diluted shares outstanding + 18.5mm).",
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