FINANCIAL CONSULTING
Candlewood Consultants and its principals have
provided due diligence and financial valuation services leading to the issuance of
fairness opinions relating to the following:
The
going-private transaction in which Texas Air purchased the remaining 20% of the stock of
Continental Airlines which was held by the public.
The transactions
in which Schenley's, Faberge, and other related entities were taken private by companies
associated with Meshulem Riklis.
The transaction
in which First Brands Corporation (Glad Bags, Prestone antifreeze, Simoniz car wax, STP
automotive products) was created from units of Union Carbide Corporation, including the
design of four classes of convertible preferred securities.
The
going-private transaction of Equion Inc., a diversified automotive parts manufacturer.
The purchase by
Frankin Computers of a software company in which the chairman of Franklin held a
significant ownership interest.

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