Citi Investment Banking Pitch Book
Detailed Illustrative Timing: Two Step Structure
Timing
June 28
July 1
July 6-8
July 8
July 12
July 18
July 20
August 13
19
◆ Make key decsions regarding structure, franding and process
Papa course prepares Schedule 130 amendment
Papa begre lo amarge franding with banks
Due diligence isi reuewed by Company
• Papa counse begre prepang otter documents
◆
Events
+ Finanding due digerce
Order DTC run
Reuew shareholder Information
♦ Prepare Board malenas
◆ Obiniranding commi Imenl
Obtain Papa Board approu
• Contact Charte Independenidirecke
Finale bank loan documentalon
inom Cales of Interiors
◆
◆
◆
Papa isues press release announding decision bbz Charle pluse forcashala spedfed price
◆ Papa des Schedule TO-C with press release announding Intention b commerce ender ofter Schedule TO-C may alsosene as amendment to any exsing
Schedule 130 of Pap
Board appoint aspedal commi le onndeperdenidireckors to euduse lender ofter proposal
◆
→
Spedal commillee engages its ownlegal course and franda adulsce
Execution and doding of bank loan documentation
• Papa issues press release announdre commencement of lerder ofter lo ke Charile priusle for halaspedfed price
• Papa des Schedule TO-T (Sedut TO-Tused kosalst compliance with SBC going prius rdes
shareholdes
DRAFT
29-Jun-04
Publish Erder oferaduerisemenl
Submilary applicable regulatory Ings g., HarkBoltRodino nolfalon)
applicable) and dis Mbules ofter materias lo Challe
◆ Challe muside Schedule 140-9 win 10 business days ofcommencement of the lender ofter
◆ Prior to 1ling Schedule 140-9Spedal Commillee mus I decide whether lo recommend in tor of or againsi lender ofter, or elecl loreman neula or take no
posilon on whether Charles lod hdders should lender theirshares (Notke: he SEC herpreis atuorable recommendalon engaging in te slo
Reclue SEC Comment, l'any, on Schede TO-T
✦ Tender ofter may be required to remain open for add lonel days depending on rakure and Ime of amendments Schedule TO-T to accommodate SEC
comment
+ Tender ofter candose sublecl lo reelpl ofrecessary regulatory approuts and any required extension for material amendments to the Schedule TO-T
◆ N Papa changes the ofter price, he offer mus I be extended for 10 business days tom tre dalk he newoner price is amounced
Citigroup]View entire presentation