Bank of America Investment Banking Pitch Book
Certain Considerations
3
Governance
and Process
Considerations
Strategic
Considerations
■ Special Committee's views regarding the Company's strategic business plan
If Special Committee decides to pursue a transaction:
Message to those making inbound inquiries
Ability to create a process with level playing field and competitive dynamic
■ Strategy and negotiating tactics, with view toward maximizing value
H Whether BOREAS' initial $17.00 per share proposal is its best offer or whether BOREAS will increase its proposed
price
Special Committee's approach to evaluating strategic alternatives
B Potential response to BOREAS
Preliminary, Subject to Further Review and Revision
Bank of America
Merrill Lynch
■ Possible steps to increase BOREAS' proposed price if pursued
BOREAS' significant ownership in the Company
■ Historical, recent and potential trading of RHO stock
M
Potential headwinds in retail REIT sector and impact on potential buyer demand
Other credible buyers for RHO
■ Implied premium / discount of proposed purchase price to RHO's NAVView entire presentation