Evercore Investment Banking Pitch Book
Preliminary Situation Assessment
Implied Proposal Premium Analysis
Perelman's proposal represents a -42% premium to the prior day stock price and a -5% discount to the trailing twelve
month average
Perelman's Proposal Price
1 Day Prior (6/12/11)
1 Week Prior
2 Weeks Prior
1 Month Prior
3 Months Prior
6 Months Prior
1 Year Prior
2 Years Prior
52 Week High- Closing Price
Source: FactSet
Note Based on closing prices
EVERCORE PARTNERS
Period Average
Price
$24.00
16.96
19.27
19.72
22.68
24.62
24.24
25.32
26.47
29.92
23
Prem./(Disc.)
41.5%
24.5%
21.7%
5.8%
(2.5%)
(1.0%)
(5.2%)
(9.3%)
(19.8%)
Price
$24.00
16.96
18.97
21.52
22.66
24.96
24.45
28.27
25.74
29.92
Confidential
Prior Period
Prem./(Disc.)
41.5%
26.5%
11.5%
5.9%
(3.8%)
(1.8%)
(15.1%)
(6.8%)
(19.8%)View entire presentation