Question: Scan the Beyond the Page icon in the margin on page 483 to read about Sealed Air's restructuring. What was the value of financial slack

Scan the Beyond the Page icon in the margin on page 483 to read about Sealed Air's restructuring. What was the value of financial slack to Sealed Air before its restructuring? What does the success of the restructuring say about optimal capital structure? Would you recommend that all firms restructure as Sealed Air did?

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Sealed Air started with considerable financial slack Unlike most firms it was a net lender The value ... View full answer

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