Tudor, Pickering, Holt & Co Investment Banking
Net Exchange Ratio Detail
AMGP
Proposal
AM
Proposal
All-In XR
1.797x
1.821x
1.870x
1.884x
B
Gross Cash
Consideration
$3.415
$3.415
$3.415
$3.415
$3.000
AMGP 20-day VWAP
Cash Component of XR
Equity Component of XR
Taxes Payable
Source: Management projections and FactSet as of 8/30/2018.
$2.29
$2.41
$2.53
$2.65
XR (Eduding Special Distribution)
Cash Consideration (Excluding Special Distribution)
$2.61
D
Net Cash
Consideration
$1.13
$1.01
$0.89
$0.76
$0.39
Calculation of XR Equity Component
XR Equity Component
1.614x
1.638x
1.662x
1.710x
Secondary Shares
1.775x
$3.00
$18.59
(0.161x)
1.614x
Purchased
0.065
0.058
0.051
0.044
CONFIDENTIAL DRAFT
SUBJECT TO CHANGE
0.022
G
Net After-Taxx XR
1.679x
1.696x
1.713x
1.730x
1.732x
TUDORPICKERING 35
HOLT&COCHANT BANKINGView entire presentation