Summary of Material Financial Analyses
The following is a summary of the material financial analyses presented by Goldman Sachs to the Anaplan Board in connection with rendering to the Anaplan Board the opinion described above. The following summary, however, does not purport to be a complete description of the financial analyses performed by Goldman Sachs, nor does the order of analyses described represent relative importance or weight given to those analyses by Goldman Sachs. Some of the summaries of the financial analyses include information presented in tabular format. The tables must be read together with the full text of each summary and are alone not a complete description of Goldman Sachs’ financial analyses. Except as otherwise noted, the following quantitative information, to the extent that it is based on market data, is based on market data as it existed on or before March 18, 2022, the last trading day before the public announcement of the Merger, and is not necessarily indicative of current market conditions.
Implied Transaction Premia and Multiples Analysis
Based on the closing price of $50.59 per share of Anaplan common stock on March 18, 2022, the last trading day prior to March 20, 2022, the date on which Goldman Sachs rendered its opinion to the Anaplan Board, Goldman Sachs calculated the following premia:
