Baird Investment Banking Pitch Book
SUMMARY OF INFORMATION PRESENTED HEREIN
(1)
■ The materials presented herein assess the impacts of adjusting certain key transaction levers; in
particular, Baird addresses the following topics:
Section 1
Section 2
Section 3
Section 4
Section 5
Follow-Up Analysis
Preliminar. Draft
■ A comparison of key metrics implied by the current proposal (¹) (1.6x AMGP
shares for each AM unit)
What are the impacts of modifying the exchange ratio to a higher level?
What are the impacts of adding a cash component to the transaction?
Approaches to the Series B valuation
■ Summary of levers discussed and illustrative counter proposal
Baird and Sidley are awaiting additional information related to proposed tax
structure of the transaction. It is our intent to provide the special committee
with an analysis of the proposed tax structure and its impacts to AR relative
to other potential structures in a future meeting.
All references to the current proposal refer to the proposal letter dated June 8, 2018, addressing the potential acquisition of AM by AMGP.
Project Bronco
BAIRD
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