Subject: Re: Your brother
From: "Joshua Alcorn" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Cc: <[email-masked]>
Date: Wed, 18 Feb 2015 11:47:06 -0500

Just had a good chat with Stuart. He's stoked. Sounds like ThirdPoint is
getting in with $250m worth of shares which is about 1/3 of what Stuart
thinks he'll be working with ($800m worth of shares). He also thinks the
offer price is way low - I said they'd hope for 20% more, he said he thinks
it's more like 35-40%.
So, revised math:
Call it 9m shares
298m is the value of the shares at 40% premium over the $83/share offer. So
the firms 10% fee would be 29.8m!

On Fri, Feb 13, 2015 at 4:17 PM, Hunter Biden <[email-masked]>
wrote:

> I sure as hell hope BB is getting a bonus.
>
> RHB
> 202.333.1880
>
> On Feb 13, 2015, at 3:31 PM, Joshua Alcorn <[email-masked]> wrote:
>
> 20% premium on $83/share = $17. There will likely be 6 million shares
> under Stuart's action, so the payout is $102 million.  10% fee = $10.2
> million for the firm. Now, 20% over the offer of $83/share may be high, but
> at the low end of $5 over the offer, G&E still gets $3 million.
>
> /ja
> 302-598-1885 (cell)
>
> Sent from my iPhone, which is responsible for any typos.
>
> On Feb 13, 2015, at 2:55 PM, [email-masked] wrote:
>
> Great job!!
>
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> On Feb 13, 2015, at 10:11 AM, Joshua Alcorn <[email-masked]> wrote:
>
> The Biden team just brought its first client in!
>
> On Fri, Feb 13, 2015 at 9:32 AM, Hunter Biden <[email-masked]>
> wrote:
>
>> Business opportunity- Josh is a law school classmate and general counsel
>> to Third Point a very large multi-billion dollar and significant activist
>> hedge fund that I do work with sometimes. Reach out to him please.
>>
>> RHB
>> 202.333.1880
>>
>> Begin forwarded message:
>>
>> *From:* Josh Targoff <[email-masked]>
>> *Date:* February 13, 2015 at 8:28:26 AM EST
>> *To:* "[email-masked]" <[email-masked]>
>> *Subject:* *Your brother*
>>
>>  Great seeing you last night.
>>
>>
>>
>> Introduce me to your brother please.  We have a situation in Delaware in
>> which we will need to engage counsel (appraisal rights) so it would make
>> sense to call his firm.
>>
>>
>>
>> *Josh Targoff*
>>
>> *Partner, Chief Operating Officer and General Counsel*
>>
>> *Third Point LLC*
>>
>> 390 Park Avenue | New York, NY | 10022
>>
>> Tel: 212.715.3403 | Fax: 212.318.3806
>>
>>
>>
>>
>> "This communication may contain privileged or confidential information.
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>> Financial Conduct Authority).
>>
>> This is not an offer, or solicitation of any offer, to buy or sell any
>> security, investment or other product."
>>
>>
>
>
> --
>
> Joshua Alcorn
> 302/598.1885 (cell)
>
>

-- 

Joshua Alcorn
302/598.1885 (cell