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  "notes": "The slide details specific financial terms of the counter-offers and the fee structure for Barclays' advisory services.",
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      "text": "On December 3, 2020, Barclays was instructed by the Special Committee to respond to FBPCIC's counter by requesting / confirming the following: Ordinary quarterly dividends to continue to be paid to the minority shareholders prior to closing; A $1.50 per share special dividend to be paid prior to closing; The headline offer price be bumped from $55.00 per share to $56.00 per share",
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      "text": "On December 11, 2020, Barclays received a revised bid via a conversation with Goldman Sachs: Ordinary quarterly dividends to continue to be paid to the minority shareholders prior to closing ($0.52 / share for 2021); No special dividend paid prior to closing; The headline offer was bumped from $55.00 per share to $56.00 per share",
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      "text": "In connection with services provided to the Special Committee, Barclays will receive a $1.0mm retainer fee, $1.0mm for the delivery of a fairness opinion, a $2.0mm success fee (payable at closing) and an incremental success fee to be calculated as 1% of any aggregate value achieved above the original $47.00 offer price (worth $0.8mm assuming a transaction is consummated at $56.00 per share)",
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