$1.$Why had Sealed Air been able to manufacture inefficiently and still have high margins?

$2.$ What were the available alternatives for Sealed Air for the cash it generated? Why did Sealed Air choose to lever up$?$

$3.$ Did the recapitalization create value? If so$,$ how much? Where did the value come from?

$4.$ Is there any evidence that the company$$s operating performance improved?

$5.$ Why did Sealed Air$$s investor base turnover completely after the recapitalization?