The claimed number with a realization band applied — pessimistic 40%, base 70%, optimistic 100% — because deal cases should survive the pessimistic column.
Realized synergies, per year
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Enter the claim to see what it's worth after the haircut.
The realization band is our stated assumption, not a citation — the point is that a deal case which only works at 100% of claimed synergies isn't a case, it's a hope. The full M&A decision simulator models the deal properly.