Investment Banking

Valuation, Leveraged Buyouts,

and Mergers & Acquisitions

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
12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target NA [to come] - - -

12/30/1899 Acquirer Target 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
12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

12/30/1899 Acquirer Target NA NA - - NA NA NA NA NA NA NA NA

Mean NA NA NA NA NA N NA NA NA
Median NA NA NA NA NA N 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 by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Acquisition of Target by Acquirer
Input Page
($ in millions, except per share data)

General Information Reported Income Statement Target Description

Target Target Prior Current [to come]
Ticker TRGT FYE Stub Stub LTM
Fiscal Year Ending Dec-30 12/30/1899 12/30/1899 12/30/1899 12/30/1899
Marginal Tax Rate - Sales - - - -
COGS - - - -
Acquirer Acquirer Gross Profit - - - -
Ticker ACQR SG&A - - - -
Fiscal Year Ending Dec-30 Other Expense / (Income) - - - - Acquirer Description
EBIT - - - - [to come]
Date Announced 12/30/1899 Interest Expense - - - -
Date Effective 12/30/1899 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 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 Batch 1 - - - -
EV/EBITDA NA Batch 2 - - - -
Metric - Reported Net Income - - - - Batch 3 - - - -
EV/EBIT NA Non-recurring Items in COGS - - - - Batch 4 - - - -
Metric - Other Non-recurring Items - - - - Batch 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 10-K 12/30/1899 12/30/1899 Notes
Target 10-Q 12/30/1899 12/30/1899 (1) [to come]
Target 8-K 12/30/1899 (2) [to come]
Target DEFM14A 12/30/1899 (3) [to come]
Acquirer 424B 12/30/1899 (4) [to come]
Acquirer 8-K 12/30/1899 (5) [to come]
Copyright © 2009 by Joshua Rosenbaum and Joshua Pearl. All rights reserved.

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Library of Congress Cataloging-in-Publication Data:

ISBN-13 978-0-470-44220-3
Printed in the United States of America
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