3 . Following Perelman's restructuring proposal Carl Icahn purchased 25 of the outstanding holding company public bonds at prices ranging from 20c to 220 per SI face value . What is the per - share equity value of MEG implied by these purchase prices ? How does this compare with pre- and post - restructuring announcement market prices of MEG shares ? How does it compare to the pr oposed per share equity value in Perelman's restructuring plan ? 4 . Based on Icahn's valuation ( Le . the valuation implied by his purchase price ) which you calculated above how many shares of MEG should Perelman receive for a $365 investment of new capital ? Assuming the valuation implied by Icahn's purchases equals the true value of MEG what is the difference in the value of Icahn's position if Perelman is allowed to purchase 427MMM shares for his S365MM versus the number of shares you just calculated