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  "docSlug": "jarvis-greenhill-wesco-financial-presentation-dec-2010",
  "documentTitle": "Greenhill Wesco Financial Presentation Dec 2010",
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  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2010-12-01 00:00:00",
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  "pageNumber": 4,
  "pageCount": 65,
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  "function": "establish_context",
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  "notes": "This slide outlines the timeline of the acquisition offer and the engagement of advisors.",
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      "text": "On August 26, 2010, Berkshire made public its intent to acquire the 19.9% of Wesco that it does not already own. The Berkshire Offer is a fixed price offer that values Wesco according to an estimate of book value determined reasonably contemporaneously with the closing. Shareholders may elect cash or stock (Berkshire Class B shares), with no proration. The number of Berkshire Class B shares issued for each share of Wesco is to be determined by a VWAP over a period ending shortly before the special meeting. On September 1, 2010, Wesco formed a Special Committee comprised of Carolyn Carlburg, Bob Flaherty and Betty Peters to evaluate the Berkshire Offer. Shortly thereafter, the Special Committee hired Skadden as legal counsel. On October 5, 2010, the Special Committee hired Greenhill as financial advisor to assist in evaluating the Berkshire Offer and other potential alternatives. Greenhill has conducted due diligence on Wesco and each of its businesses, including on-site management meetings with the management teams of Wesco, Wes-FIC and CORT.",
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      "kind": "title",
      "text": "Offer Background",
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      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
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