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  "documentTitle": "Perspecta | Investor Presentation Deck | 20 slides",
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      "kind": "callout",
      "text": "Panther 2-Year Average NTM Multiple: 8.8x",
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      "text": "Unaffected Panther CY2021E Multiple on 11/6/2020: 8.8x\nPeer Average CY2021E Multiple on 11/6/2020: 12.0x",
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      "text": "Public GTS valuations have been volatile over the past 24 months, following the overall market volatility; Panther has traded at an average EV / NTM EBITDA discount of 32%",
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      "text": "(1) Enterprise value as of January 11, 2021.\n(2) Based on unaffected price of $19.60 prior to Bloomberg article suggesting Panther sale on 11/9/20. Price prior to disclosure of JANA's stake in Panther on 6/11/20 was $21.06.",
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