Evercore Investment Banking Pitch Book
Share Price Close
Overview of Proposed Transaction and Process Summary
Historical MFW Share Price Performance
$50.00
$40.00
$30.00
$20.00
$10.00
$0.00
11/06/09-MFW
posts 3009
adjusted EPS of
$1.87
11/29/09
2/26/10-MFW posts
4009 adjusted EPS of
$1.54
9/9/09
Source FactSet, Company filings
Note: All prices as of close
EVERCORE PARTNERS
Offer Price: $25.00
2/18/10
7/22/10-Scantron
announces acquisition
of Spectrum K12
5/05/10-MFW posts
1Q10 adjusted EPS of
$1.73
5/10/10
5/12/11 - Harland
Clarke announces
meetings with
lenders on a
proposed amend
and extend of its
term loan
7/30/10
2/7/11-MFW
Announces
settlement of
asbestos liability
12/16/10-Scantron
announces acquisition of
GlobalScholar
10/19/10
5/20/11-
Deadline for
lender
cocients
1/8/11
5/27/11-
Cancellation of
amend and
extend process
5/04/11 MFW posts
1Q11 adjusted EPS of
$1.32
3/30/11
Confidential
6/13/11-
Proposal letter
submitted by
Mac Andrews
& Forbes
Holdings for
$24.00 per
share
6/19/11
2,500
2,000
1,500
1,000
500
9/9/11
Volume (000s)View entire presentation