Investment Banking, 3E

Valuation, LBOs, M&A, and IPOs

Precedent Transactions Analysis - Template

JOSHUA ROSENBAUM
JOSHUA PEARL
($ in millions)
List of Comparable Acquisitions
Date Transaction Equity Enterprise LTM
Announced Acquirer Target Type Target Business Description Value Value Sales
1/0/2000 Acquirer A Target A NA [to come] - - -

1/0/2000 Acquirer B Target B NA [to come] - - -

1/0/2000 Acquirer C Target C NA [to come] - - -

1/0/2000 Acquirer D Target D NA [to come] - - -

1/0/2000 Acquirer E Target E NA [to come] - - -

1/0/2000 Acquirer F Target F NA [to come] - - -

1/0/2000 Acquirer G Target G NA [to come] - - -

1/0/2000 Acquirer H Target H NA [to come] - - -

1/0/2000 Acquirer I Target I NA [to come] - - -

1/0/2000 Acquirer J Target J NA [to come] - - -

ValueCo Corporation
Precedent Transactions Analysis
($ in millions)

Enterprise Value / LTM Equity Value / Premiums Paid

Date Transaction Purchase Equity Enterprise LTM LTM LTM EBITDA LTM Days Prior to Unaffected
Announced Acquirer Target Type Consideration Value Value Sales EBITDA EBIT Margin Net Income 1 7 30
1/0/2000 Acquirer A Target A NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer B Target B NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer C Target C NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer D Target D NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer E Target E NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer F Target F NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer G Target G NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer H Target H NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer I Target I NA NA - - NA NA NA NA NA NA NA NA

1/0/2000 Acquirer J Target J NA NA - - NA NA NA NA NA NA NA NA

Mean NA NA NA NA NA NA NA NA
Median NA NA NA NA NA NA NA NA

High 0.0x 0.0x 0.0x 0% 0.0x 0% 0% 0%

Low 0.0x 0.0x 0.0x 0% 0.0x 0% 0% 0%

Source: Company filings

Acquisition of Target A by Acquirer A
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target A Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer A Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer A Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target A 10-K 1/0/2000 1/0/2000 Notes
Target A 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target A 8-K 1/0/2000 (2) [to come]
Target A DEFM14A 1/0/2000 (3) [to come]
Acquirer A 424B 1/0/2000 (4) [to come]
Acquirer A 8-K 1/0/2000 (5) [to come]
Acquisition of Target B by Acquirer B
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target B Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer B Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer B Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target B 10-K 1/0/2000 1/0/2000 Notes
Target B 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target B 8-K 1/0/2000 (2) [to come]
Target B DEFM14A 1/0/2000 (3) [to come]
Acquirer B 424B 1/0/2000 (4) [to come]
Acquirer B 8-K 1/0/2000 (5) [to come]
Acquisition of Target C by Acquirer C
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target C Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer C Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer C Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target C 10-K 1/0/2000 1/0/2000 Notes
Target C 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target C 8-K 1/0/2000 (2) [to come]
Target C DEFM14A 1/0/2000 (3) [to come]
Acquirer C 424B 1/0/2000 (4) [to come]
Acquirer C 8-K 1/0/2000 (5) [to come]
Acquisition of Target D by Acquirer D
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target D Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer D Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer D Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target D 10-K 1/0/2000 1/0/2000 Notes
Target D 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target D 8-K 1/0/2000 (2) [to come]
Target D DEFM14A 1/0/2000 (3) [to come]
Acquirer D 424B 1/0/2000 (4) [to come]
Acquirer D 8-K 1/0/2000 (5) [to come]
Acquisition of Target E by Acquirer E
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target E Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer E Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer E Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target E 10-K 1/0/2000 1/0/2000 Notes
Target E 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target E 8-K 1/0/2000 (2) [to come]
Target E DEFM14A 1/0/2000 (3) [to come]
Acquirer E 424B 1/0/2000 (4) [to come]
Acquirer E 8-K 1/0/2000 (5) [to come]
Acquisition of Target F by Acquirer F
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target F Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer F Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer F Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target F 10-K 1/0/2000 1/0/2000 Notes
Target F 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target F 8-K 1/0/2000 (2) [to come]
Target F DEFM14A 1/0/2000 (3) [to come]
Acquirer F 424B 1/0/2000 (4) [to come]
Acquirer F 8-K 1/0/2000 (5) [to come]
Acquisition of Target G by Acquirer G
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target G Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer G Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer G Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target G 10-K 1/0/2000 1/0/2000 Notes
Target G 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target G 8-K 1/0/2000 (2) [to come]
Target G DEFM14A 1/0/2000 (3) [to come]
Acquirer G 424B 1/0/2000 (4) [to come]
Acquirer G 8-K 1/0/2000 (5) [to come]
Acquisition of Target H by Acquirer H
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target H Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer H Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer H Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target H 10-K 1/0/2000 1/0/2000 Notes
Target H 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target H 8-K 1/0/2000 (2) [to come]
Target H DEFM14A 1/0/2000 (3) [to come]
Acquirer H 424B 1/0/2000 (4) [to come]
Acquirer H 8-K 1/0/2000 (5) [to come]
Acquisition of Target I by Acquirer I
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target I Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer I Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer I Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target I 10-K 1/0/2000 1/0/2000 Notes
Target I 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target I 8-K 1/0/2000 (2) [to come]
Target I DEFM14A 1/0/2000 (3) [to come]
Acquirer I 424B 1/0/2000 (4) [to come]
Acquirer I 8-K 1/0/2000 (5) [to come]
Acquisition of Target J by Acquirer J
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target J Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year End Dec-31 1/0/2000 1/0/2000 1/0/2000 1/0/2000
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer J Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year End Dec-31 Other (Income)/Expense - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 1/0/2000 Interest Expense - - - -
Date Effective 1/0/2000 Pre-tax Income - - - -
Transaction Type NA Income Taxes - - - -
Purchase Consideration NA Noncontrolling Interest - - - -
Preferred Dividends - - - -
Calculation of Equity and Enterprise Value Net Income - - - -
Offer Price per Share Effective Tax Rate NA NA NA NA Comments
Cash Offer Price per Share - [to come]
Stock Offer Price per Share - Weighted Avg. Diluted Shares - - - -
Exchange Ratio - Diluted EPS NA NA NA NA
Acquirer J Share Price -
Offer Price per Share - Adjusted Income Statement
Reported Gross Profit - - - -
Fully Diluted Shares Outstanding - Non-recurring Items in COGS - - - -
Implied Equity Value - Adjusted Gross Profit - - - - Calculation of Fully Diluted Shares Outstanding
% margin NA NA NA NA Basic Shares Outstanding -
Implied Enterprise Value Plus: Shares from In-the-Money Options -
Plus: Total Debt - Reported EBIT - - - - Less: Shares Repurchased from Option Proceeds -
Plus: Preferred Stock - Non-recurring Items in COGS - - - - Net New Shares from Options -
Plus: Noncontrolling Interest - Other Non-recurring Items - - - - Plus: Shares from Convertible Securities -
Less: Cash and Cash Equivalents - Adjusted EBIT - - - - Fully Diluted Shares Outstanding -
Implied Enterprise Value - % margin NA NA NA NA
Options/Warrants
LTM Transaction Multiples Depreciation & Amortization - - - - Number of Exercise In-the-Money
EV/Sales NA Adjusted EBITDA - - - - Tranche Shares Price Shares Proceeds
Metric - % margin NA NA NA NA Tranche 1 - - - -
EV/EBITDA NA Tranche 2 - - - -
Metric - Reported Net Income - - - - Tranche 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Tranche 4 - - - -
Metric - Other Non-recurring Items - - - - Tranche 5 - - - -
P/E NA Non-operating Non-rec. Items - - - - Total - - -
Metric - Tax Adjustment - - - -
Adjusted Net Income - - - - Convertible Securities
Premiums Paid % margin NA NA NA NA Conversion Conversion New
Transaction Announcement Premium Amount Price Ratio Shares
1 Day Prior - NA Adjusted Diluted EPS - - - - Issue 1 - - - -
Unaffected Share Price Issue 2 - - - -
1 Day Prior - NA Cash Flow Statement Data Issue 3 - - - -
7 Days Prior - NA Depreciation & Amortization - - - - Issue 4 - - - -
30 Days Prior - NA % sales NA NA NA NA Issue 5 - - - -
Capital Expenditures - - - - Total -
Source Documents % sales NA NA NA NA
Period Date Filed
Target J 10-K 1/0/2000 1/0/2000 Notes
Target J 10-Q 1/0/2000 1/0/2000 (1) [to come]
Target J 8-K 1/0/2000 (2) [to come]
Target J DEFM14A 1/0/2000 (3) [to come]
Acquirer J 424B 1/0/2000 (4) [to come]
Acquirer J 8-K 1/0/2000 (5) [to come]
Copyright © 2020 by Joshua Rosenbaum and Joshua Pearl. All rights reserved.

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