Every figure carries its source.
The plan and the alternatives are valued on one basis, with the same improvements applied to both.
The plan and the alternatives are ranked on one stated basis: the buyer's price at exit, or the value per share at a target date for a listed company.
No strategic option is set aside without its reason on the page.
We name the assumption that would change the ranking and mark that ranking provisional.
The working papers behind every figure are available to the client on request.