Corporate Financial assignment / Hostile takeover / Valuation / Capitalization

Sheet: Exhibit 7

Sheet: Sheet2

Sheet: Sheet3

Exhibit 7: Projected Financial Data (in millions)

Years Ended December 31

At

Closing

EARNINGS STATEMENT DATA

Net Sales

Earnings before interest expense and taxes

Interest expense, net

Earnings before taxes

116.0

123.0

203.0

242.0

285.0

Taxes on income

Minority interest, net of tax

Gain on asset sales, net of tax

Net income from diversified operations

Net Earnings

136.0

62.0

111.0

133.0

160.0

CASH FLOW DATA

Net earnings from continuous operations

Depreciation and amortization

Deferred taxes and other

Cash provided by continuous operations

189.0

160.0

208.0

218.0

249.0

Capital Expenditures

Proceeds from asset sales, net of tax

Junior debenture interest expense

Unrepatriated cash of foreign subsidiaries

Other changes

Cash available to service principal repayments

634.0

130.0

175.0

166.0

160.0

BALANCE SHEET DATA

Net Assets

Total Debt

Senior bank Debt

Existing Debt

Senior subordinated debentures

Junior debentures

Total long-term debt

3134.0

2453.0

2370.0

2250.0

2148.0

2062.0

Stockholder's equity (deficit)

-1567.0

-1458.0

-1395.0

-1283.0

-1148.0

-987.0