Case2: Leveraged Recapitalization Client: Sealed Air Corporation I.Executive Summary Founded in 1960‚ Sealed Air grew rapidly during its first twenty-five years because many products had strong patent protection. By the mid-1980s‚ the patent of air cellular had run out and competition was getting fiercer. The managers started to pay attention to manufacturing. Therefore‚ the Sealed Air launched World Class Manufacturing to promote manufacturing performance. After a year
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dividend reduces stock price‚ thereby reducing MVE as well. OCF can also use debt for equity swap thereby increasing leverage very fast. A key feature of recapitalization is also that the target company may issue more stock to its management there by giving them more control after recapitalization. Analysis of the Issue Leveraged recapitalization is the easiest way to change the capital structure of the company if the company can ensure the interest payments of the debts. Although value flows from
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Course: Corporate Finance Faculty: Prof. Pramod Yadav Submitted by: Jeet K Bhatt Roll No: 14 Assignment – FMC Corp. 1. What were the motivations for FMC corp. to go for recapitalization? a) To eliminate a takeover attempt: The stock was attractively valued and the company had quite a lot of cash ($403 million in 1986) in its hands. It made the company attractive to hostile takeovers. b) To give FMC employees a greater stake in the company: Company showed strong cash on its balance sheet
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March 11‚ 2014 Ladies and Gentlemen of the Board: In my experience‚ I have seen a steady decline in the use of debt financing. Upon closer inspection‚ I have noticed that your company uses no debt at all. As an experienced hedge fund manager‚ I am concerned that your management is missing valuable opportunities by excluding debt from your capital structure. My partner‚ Susan Chandler‚ and I have done extensive research on how undergoing a capital reconstruction process can benefit you in the
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advances in IS/IT in the next five years are “Soft” or “messy” problems and messy problems demand a creative approach to their solution as they are inherently Human Activity Systems(HAS). ¬MULTIPLE PERSPECTIVE CONCEPT Unbounded Systems Thinking(UST) or as Ian Mitroff calls “The Fifth Way of knowing” or as Churchman’s philosophy calls “Singerian IS” is about adopting the Multiple Perspectives when making an enquiry. The value in using multiple‚ T‚ O‚ and P perspectives lies in their ability
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our beloved university up to this day‚ when the Catholic community is already wide spread in the world‚ that UST is really something to look-up to. Not only for the history it has‚ but also for it’s culture of excellence when it comes to scholastic records. UST’s self-determination with the influence of God is the most distinguishable distinction of our university when compared to others. UST is like a drop of blood that is mixed with water‚ easily seen‚ one cannot mistake it as another. And in this
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Case Page 4. 3) Interco had retained Wasserstein Perella pursuant to a unique compensation contract that offered a substantial contingency fee of $3.7 million payable to Wasserstein Perella once City Capital rescinded their offer and only if a recapitalization was completed. Wasserstein Perella would receive $1.8 million for its services with or without this contingency fee. See George Anders and Francine Schwadel‚ "Wall Streeters Helped Interco Defeat Raiders But at a Heavy Price‚" The Wall Street
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Coliseum Yesterday Double-overtime UST- 79 FEU- 78 Key Players: UST: Karim Abdul‚ 24 points‚ Aljon Mariano 21 points and 11 boards‚ Kevin Ferrer‚ 15 points‚ 13 rebounds‚ four assists‚ 2 steals. Team captain jeric teng was not able to play due to pulled hamstring. FEU: Terrence Romeo‚ 19 points‚ 7 of 23 shooting. RR Garcia‚ 16 points. Tigers record improves to 6-5 FEU slumps to 8-4. 4 out 5 losses in second round. Play by Play: Fourth Q: 27 seconds left‚ UST Ferrer missed two freethrows in
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library for the establishment of a “seminary-college” to prepare young men for the priesthood. Those funds‚ and his personal library‚ became the nucleus for the start of UST and its library. The founding of the University of Santo Tomas followed on April 28‚ 1611. The original campus was located in Intramuros‚ the Walled City of Manila. UST was first called Colegio de Nuestra Señora del Santisimo Rosario‚ and later renamed Colegio de Santo Tomas‚ in memory of the foremost Dominican Theologian‚ St. Thomas
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transactions‚ and recapitalization) wanted to investigate a potential investment of $3B in Wrigley * Wrigley being an all-equity firm‚ significantly outperformed the S&P500 Composite Index * In terms of equity‚ Wrigley’s MV was 13.1B STATEMENT OF THE PROBLEM * Wrigley was an all equity firm who had a capital structure of 13.1B as I had previously stated * Their problem was to estimate the effect of a leveraged recapitalization. * By doing a leveraged recapitalization‚ this would
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