Credit Suisse Investment Banking Pitch Book
Preliminary premiums paid overview
Selected financial services transactions with all-cash consideration announced since 2008
Distribution of implied premiums to unaffected stock price
% of transaction
12%
2% 2%
10%
14%
12%
15%
Source: SDC Platinum, FactSet and public filings.
Note:
24%
21%
19%
14%
8%
All-cash transactions involving US-listed financial services targets since January 1, 2008,
6%
11%
PRELIMINARY | SUBJECT TO FURTHER REVIEW & REVISION
4% 4%
Implied premium to: One-day prior One-month prior
#of deals
Mean
Median
25th percentile
75th percentile
1
<0% 0%-10% 10% - 20% 20% -30% 30% -40% 40% -50% 50% -60% 60% -70% 70%-80% 80%-90% 90 % - 100% >100%
Implied premium to unaffected stock price
5% 5%
84
37%
32%
18%
46%
1%
1%
Implied premium to one-day prior
Implied premium to one-month prior
84
39%
32%
22%
48%
4%
6%
Confidential
47
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