Evercore Investment Banking Pitch Book
Preliminary Situation Assessment
Summary of Key Steps in the Process - Illustrative Timeline
Evercore will work closely with the Special Committee at every step through conclusion of the process including, to
the extent necessary, shareholder approval and litigation support
Action
Receipt of MF Holding's preliminary proposal
Formation of Special Committee
Selection of legal and financial advisors to Special Committee
Special Committee formally clarifies its mandate to the BoD
Formulate strategy for responding to MF Holdings, (others)
Communicate intended process highlights to BoD, MF Holdings, public s/h
Due diligence of Company's strategic plan
Valuation analysis
Prepare supplemental information package for 3rd parties, if necessary and appropriate
Synthesize relative valuations, transaction motivations, and appropriate responses
Respond to MF Holdings (others)
Negotiation with MF Holdings (others)
Potential market check, if necessary and appropriate
Special Committee makes recommendation to public s/h
Week 1
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Beginning 6/13 6/20 6/27 7/4
EVERCORE PARTNERS
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7/11 7/18
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7/25 8/1
Confidential
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8/15 8/22 8/29 9/5View entire presentation