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Exhibit 6 Marvel Public Debt at the Time of the Reorganization Plan Sources: Bloomberg, Marvel Entertainment Group, Inc., Disclosure Statement Relating to First Amended Joint
Exhibit Marvel Public Debt at the Time of the Reorganization Plan
Sources: Bloomberg, Marvel Entertainment Group, Inc., Disclosure Statement Relating to First Amended Joint Plan of
Reorganization, Wilmington, Delaware, January
CTotal number of postreorganization New shares was million.
For your benefit, it would be helpful to understand how the case writer came up with the values in the two far right columns of Exhibit no need to show this Please
perform the following calculations regarding the value of Marvel before and after hypothetically the Perlemen plan.
A Using all of the bonds as a single combined group, if the bonds are trading as a group at $as they were four days after Perelman approached Fidelity and Putnam
what is the market value of all of the bonds in total?
B What stock price would make the value of the collateral shares equal to the current market value of the bonds trading at $
C Despite your answer in part B the stock price was in the neighborhood of $ possibly with the anticipation that a significant amount of debt would go away. Using this
price $ what is the market cap of Marvel given the current number of shares outstanding? Create a market value BS where the left hand side is the Net Assets
Assets Liab and Debt...keeps it easy for us and the right hand side is simply the shareholder equity as just calculated.
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