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Sealed Air Corps Leveraged Recapitalization (A) 1. Based on the dividends paid and the change in market capitalization, how much value did the leveraged recapitalization

Sealed Air Corps Leveraged Recapitalization (A)

1. Based on the dividends paid and the change in market capitalization, how much value did the leveraged recapitalization create for shareholders?

2. Based on the loan terms and the present value of the interest tax shield, how much value did the leveraged recapitalization create for shareholders? You may use the top corporate marginal tax rate from 1989 of 34%.

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