Document LoaBM2OB9BRpNaG5eb686G26z

CCS-67 AFFIDAVIT OF KEVIN P. COLLINS COMMONWEALTH OF PENNSYLVANIA COUNTY OF PHILADELPHIA ) ) ss. ) I, Kevin P. Collins, depose and say: 1 I am a Managing Director m charge of the valuation practice in the New York office of Houlihan Lokey Howard & Zukin Financial Advisors, Inc. ("Houlihan Lokey"). 2. Houlihan Lokey is a major provider of specialized investment banking services, with a thirty-plus year history in the filed of business and securities valuation. Houlihan Lokey provides valuation services m a broad array of situations and for a wide range of transactions, both in type and size. 3. Houlihan Lokey's valuation opinions are used regularly in a number of contexts including: shareholder liquidity alternatives; private company valuations; M&A; restructurings and reorganizations; ESOP's; corporate redemptions; management stock plans; estate, gift and income planning. 4. I personally have been involved in business and securities valuation for the past fourteen years. I have provided financial advisory services in a range of transactions including mergers, acquisitions, spin-offs, sales, repurchases of minority and controlling interest blocks, and other corporate finance activities. I have also provided valuations for corporate tax and gift and estate tax purposes, ESOPs, and dispute analysis. 5. I earned a B.S. m business administration from the State University of New York at Albany in 1979, and an M.B.A. from the University of Rochester in 1982. Prior to joining Houlihan Lokey, I was a corporate lending officer with Security Pacific National Bank (19841987) and pnor to that I was employed by AmeriTrust Corporation (1982-1984). 6. I am the author of articles in my field, including "Avoid Fraudulent Conveyance Suits" by Kevin Collins and Warren Hirschhom, Corporate Cashflow June 1996; and "Planning a Leveraged Transaction? Make Sure You Can Survive the Sale" by Kevin Collms and Warren Hirschhom, Directorship March 1996. I 7. I have been qualified as an expert witness in financial matters before state insurance commissioners (Maine), in federal district court (Western District of Michigan), and in bankruptcy court (District of Delaware and District of Connecticut). 8. Houlihan Lokey has been retained by Crown Cork & Seal Co., Inc. ("Crown Cork") to prepare a written report expressing our conclusion regarding the fair market value of the total assets of Mundet Cork Corporation ("Mundet" or the "Company") as of February 10, 1966 (the "Valuation Date"). Mundet was merged into Crown Cork on February 10,1966. 9. In connection with this project, I or my staff under my direction, reviewed numerous historical financial documents, including a file of material compiled by the Federal Trade Commission concerning that merger. Documents reviewed include the Company's audited and unaudited financial statements for the fiscal years ended December 31, 1959 through 1965; the stock acquisition agreement dated, as of November 7,1963, by and between the Co-executors of the Estate of Joseph J. Mundet, Deceased and Crown Cork; the certificate of merger of Mundet Cork Corporation into Crown Cork & Seal Company, Inc., dated as of January 4, 1966 and filed in New York Department of State on February 10, 1966; Crown Cork's annual reports for the fiscal year ending December 31,1963 through 1966; documents concerning the industry, as well as the economic and competitive environment in which the Company competed; certain publicly available financial data for certain companies that we deem comparable to the Company. 10. Such documents are the type of documents upon which an expert in valuation would typically and reasonably rely in opining on the valuation of a company or its assets. 11. We completed an independent valuation of Mundet, using standard and reasonable methodology, and in my opinion, which I hold to a reasonable degree of professional certainty, 1 the fair market value of Mundet was in the range of $11 million to $12 million as of February 10,1966. 12. The basis for this conclusion and the details of the valuation methodologies employed I are set forth in the Report attached to this affidavit as Exhibit A. 13. We also applied to that valuation an adjustment by the rate equal to the prime rate for each calendar year since the merger, plus 1%, not compounded. The adjusted annual figures are listed in the attached Report. As of December 31, 2001, the adjustment produces a figure in the range of $50 million to $55 million. I 14. I understand that this affidavit and the attached Report may be used by Crown in connection with ongoing litigation, specifically m connection with enforcement of 15 Pa.C.S.A 1929.1 et seq. Sworn to before me this day of January, 2002. KEVIN P. COLLINS on behalf of HOULIHAN LOKEY HOWARD & ZUKEN FINANCIAL ADVISORS, INC. Notary Public, State of New York No. 01S16021470 Qualified m Queens County Commission Expires fO-5fI I > > I Presentation to Fin an c ial A dvisors, Inc. 685 Third Avenue, IS * Floor New York, N Y 10017-4024 Tel. (212) 497-4100 Fax: (212) 661-3070 http://www.hlhz.com New York I os. Angeles Chicago San Francisco Wushmgton, D.C. Minneapolis Dallas Atlanta Toronto Hong Kong e .*i<n2vs 03 U w u. O X - I Table o f Contents Houlihan LokeyHoward & Zukitt S co 2 o Eo* t: co 6 C33 -Cl 2 C3 c .2 C3G "3 > "o .>2 >t) O JUuO*L. U t/j '52b *3dco> S -Jooo2 js *5 o2 * .*U20>>.) oC 33 *3 O> JC 4>CU0A CeG 2CCll < 5; .2 "5* 2 ao oc6C30j juacCou=Gu. < -CaoCOS 3a> *3 > 6iI <L is u5 zszP o 52o j"cGc1o3a> *>3 *Lc3Ur CsZoJ* I Houlihan Lokey Howard & Zukin I e0 s- Voj >o '-5 & IS CL, . a rs CL, U 2X rQ X?4aIDs> CA I Is J|*8^> > 1> s 1< a OUoas -aa> c p 2 o s c 3 o CA D % oJS a * 1s sO.-sa> Oo o 3 a >a I"S 0v5 up va ? v? *D- o,---v* s ESowO<d wz 05 > Ed 0Ed -3 z 1 . ue ooh X>1 T<C3U '<a--3 0au JO XCcOA .X<>D1 CS5 s n :s c001'&<E> I e a"> <Sa3 jaCA 'o x<c2aDo* a 00 i_ a0 00 a 'CA yi0* o3 o S3 JISZ s 0 s 1 E4X)h S a a aCA s o *o CA aCoO, 2 Xo S S cCaO c<ou CA XX14->, P te> 1 oo t3agaq ac CO E5.'SCoA S.s svOoaN Er ;U- cC3A a UvHoa?ao XJ EcSO>? ?co M4-H a a a , J> Ed Is 2 > E0h 3 Eh QEd <D +>- .s a __ _ 00 J8 aSli E S "I M |lg*l ws| .far-xi s X O > > o 5 o X2CJO U s: ^i |i x> 2 g Q CcU 2 SOu- C3 x> o tcj g T3 Cco<aOou> o SWi u s 6 C*2(iJ> c 8 O S3 a ?-> X cn 3 a> 2w o. CCOu o U vvay~oos* oo ?o 5 o< "t3> to .. O 5 CO o U o o CJ\ 5 *"1 U c OVOv CO 77 JxowZ; h i/i 8 co 2 O ... ag. g> TO3 -au<ol <2 co *6a4> XCd! sCO SD Cd ocCcd c: ;c *3 ccr X) T3 B KCa3C5d ^ w cC2oO> *~sS ^73 .25 css cco "O B =3 3cd CO^ O2 C3 Ofa s w> > CO a, 05 2 t--I XrUU-r)* 684> -i 4-4 r: ^o "C5Ti2 S. zt *- uj o tp ct=J ^c co oo '5^ **m* 8w 6O *o-. 4Oh ^5: wO .5 o o 2P *v>o lU 0> E bo 'S3 2 *4>> c0> wc0>d)> 4>> a "3 E CO oo -4C-^ TCc3d o ,o E o c a 2 3C3 <oou ccod 73 C cd CO ? ccod o u3 *B jd *2 *>c3d o 3CU CCOU T3 CCOO o0C> 'O (1) SE<LU> *o ID * CcdO CDO d & c COC>oOO#*> 3 g ss s a<r-sS> S-g.> Ed U Z Ed O js . co T<5D O- cd jgS *33 O *J 03 s? 4t=> o- 4) cfl sO 2t--< ? 2 u Cl-4 o co 2 Cm *S 2 o 3: E & O 3 g W a IEd 4> > M 5 ^ 2 5 *> o\ 8& -r- .2 j) -S .>2 V^*H 8CO 2CO *2> P B> 2 cd > & o JoS U U9 III D o <N co 4 m vo I Houlihan Lokey Howard & Zukin I * > > ) > I I > 's *o 9> M I bo *C CJ gc J<BU I 00 c .S 93 38 > 4~l C"J >-> - *"2? I to <isD & S4> E S Oo C/3 .Sg50ir giIt-. o in eo <e/oJ a "g gZ3 oCO <--I '3 c i'3 uCoJ s 1 c o ">3 "3 > r4S) o< .oe 1H "2*1 e o & J Sj (D 13 vO O 3C *g _ Ut 2S c o w3 - ts o Cl, a> -1 M Vi -T3 C D_i 8.: Uz o : c o u i z: o H a 2 93 *s, ^' co3 ^oc3 ^MS C D _3 6 oo S S a> -H O 'S !> **-e<- *in* .r5? o ci s> <s 4* oo 00 4oo^ G0 & 0 1 <fcs 113 I *s3Oo > 'C &ft) u c w I3 |,5> b 06 31 W *a (3,1 Receivable due fro m Crown C ork a l 12/31/65 S2 3 m illion* I 1 !I !I yo sa I5 V 5*8 ig !I II 31 II Ii S. I I* i$ II 1s "a Ja. *& S 8 1 a: *3 *3 so' . I- H 3s -gg *}* Ic MSL W5 JS I g2 8I M js 2? 5 I I& <? i5 b Overview ofMundet Cork Corporation Houlihan Lokey Howard & Zukm T3 ?ID ID C <d O CO w ID O xU a 2 ^c0>o u e3. vc x ov CO -- Ov _r OvOD C' O' VO u rn jO <*-i S O (D O a> S3 Q X -+m* o CO < 4> X vO Cn CO CO VO Ov t- 4> JO g 53 CO Ut-- ed VC no ON o o xC:O z &0 I' oo cc o *5 a> c XCO C3O 3 c- O 3Wi -D ,<D C o o OV o U c T13) 2 u eo- o o -3 .c a> CO E? C3 4> e >< cs "D C q> Q-"3n* g t> VD id o c O 3 8 8 co 3 H cfl U <N <ag ^ cCS 4--4 T3 c3 *2 ccs CO 3 T3 C ^? w oo .- ID X P T3 x2 (D -B o 5.. JV*i O3 DO R0J0 e co o i T3 o T3 CS C/5 s "3 co *g d ID G a a 3 ed 2 o S. u c O _o V3 a. cd o oC-O* CO i2 "3 CO 2 <5 T3 C o X) C 3 S * o u 2 o U-4 O t: c s 3 cd "O c ed .2 JA .2 'co (U co ed *5 cr C tt> C3 Vco u< (U X) X 3 co o U s OJ c cd X CO *3 c T3 C cd >% a> 2 Z .s "O a> 3 o o 1w> >a> c* 2 O co 5g o ^ys 0o c_> ~ iD cx, 00 c -o O 2 -n 2>, gs e 3 =3T> SL| . to JS cf sg O co 1 3 CO Z c * C3 co M Cuc<_ ID 3& .no Ccz O M S-S eCs-i *C5O 1> =H < ai w 1 * aQ>- xco E t S -a ao .cs o c: 3 2 cu O > i > uo "O cc0 I *<3u -o3*ca CO } CO c =t o I z ou* a Cd CU oz H 06 w ocu -3UO o oVO oS O. s CCOl. nV. Overview ofMundet Cork Corporation <1) Imhules on-gvmg operations Smine Audtltd Siattmtnls, D titm h tr it , lV 6 4 (l'ru t Walerhumc & C o ) "I I 1s oo o c O 0c0 JO C0 -4_ C/3 1O *3 CL o *L >> 0 -O a > TD BcuS TO3 c `3 c E<IhD eC3/5 Oo OV"s> cV On > I B cO1) sz 00 =3 *3 o X> x+-:* coLl C3 o > LCOij NO o\ *-- ?C c c o -o o c3 C o O' > c: Jo0O) 1 o "O JC=3 On it, <uu ON ccs .E lZ co ,P 1) r CL C w>r^ I So CO t- vO *" ON 00 -- 2 T3 C 3 o\ u w~. 2 u 13 Os I I Houlihan LokeyHoward & Zukin I > * S .S -S 'S S 2 .S o -- C^ c O O' . <n w u 3 Ui E ~ * S' 1_ 3O o -E E* < re 35 -c > :3 C2s IT J> c 8^ X Q S'E vq 8-- M o, rS o 3 S Ju,! +O-* O *-. U 33 ?a ps u o5 >uo *o ^o co co CO O <-l O ~ VO S rj- S|5 e<3 g 3 .2 H *g CO* Si c s o 'P .2 ? re .S 1 S3". 2 *5bccc .c2 $wsR a^ vso <r. Es 8o.' o e s ^ aE soS.?J=J |.2 I I 1.1s ov o\ r~~ 2 -So c > o o uc *&S:, EI O Crt .O t: i> o* 13 3 a 3 S o >* L_ 3 S <A (A c u 4 B. Cm o CM 0CM0 = OIm O Ec *rt O O oC 3 C3 O CX ee S^ `g on o >% o E\S <3 d E C COMO o P CA C QO> D 3CV u o o -o <D c u r *a u 2 <D oX. fc a) SOTn 3 3 c>0> CA 3 CA c co 1) O uT Cl,o go '-r c3 o o ^ 4CA) w O ^ (*x o -3 CA L> (o3o 02i-- ^ -a> O o *C3 M3 w c4s) VOO vO NCOO OtSw jh ^ E 2 ON vt oCM -- &o 3 C u><3C_L> 2 "jg O CaCO>O 3 `M3ac3 g O' d <N ^ --: -- n ao3> ca> *C &2 *o- *ao) uQaX> C03) <N ao Z^ ME? iii s j= c a><>u E CCAA o H 3 3$ X <3 ^ CJ C u5--j E ~ ,o 1 o c* o 3r3 *3 d 3co 2 3c C W <N o r<j . -- o^ a> vOoN -- cwa ip <N "3 CA <**2- CA o $CM c bO go o-- s E C3 3 _ CA ID 23 C tjD CA O VWi> *C>A *C>A. o fc>li QJ 3 5 > U5> a> C 3 C^. cacj are o,, E E tfc > * <D *J >* 41 1~> X) ^ c CL, 5 e o 82 ii (U *c 4> --- O #s O T3 OO C co 8s co 2 00 8o u 3O ao .52 ^ *o >5 t5 ^ O mm CA U _T-3 _ q3 -* q >> CA _* CM 3 ^ tfl- o S > o P CA c; ^a> es CA sS^ ^E 1 O L-i od o r<-i ^ NO oo c o 2O 3: -S o . CA w W) CM x: o VO = JrL\J Wvu 3: g o bo 2^ sa -- ~ A 0^ W> j= UO^ 00 CO _o I .<ou tm c ? o L< C8 o NO t a> Os >* 2 CS Os co v Os I I i Houlihan Lakey Howard A Zukm i t > ss o <0 w c O O c o >0rt)5 4C-/J oS O(CUtm/Oi) VD s VC35 v> 2 Y--I W VG5 & oc g 3 _6c0 c/a E cO OVCAJ >> 4VC-35* 4uc-/ CA Co 44o-J) _6C0 T03> 'S o133 "oc*-< c/> 6 SL 4> u2 s . 3 " O bo =3 C <D "S bO o\ ? a c v- C 2 > vi V) g *55 3 c4 <N 2 gc P x> c o <L> E a- 2 8 SeU C t"*- 2E NO " 1 o2 8 2 ! si <*- M -O 03 g o 5 3 V) G -O <3 2 Q*\D 2 60 1*2 CA " 2 S -B g: > -- _3 s Q 4c) _oC 05 IIcj ^ *3 2 a *> e s o .2 3 C o fl> 1G ^ o rG e t3 a <> <D \q c 8| Vi ^ M G2 *-2. "S 18 Q. '-- *-- rO o> v* 2t rt - co o 5; OT- 2 3 g O oo<2 oo > >% T3 S >* 3 _ GO t; o o .3 t Nw' 3 a <D <D C G G cs *0 38 f/j HH 2O ? 05 Wto ?! I O xS> >, c o. o J= ,-v Cj s- Cm O zz <3 <2 --. bfl -- 4> g c 4> --S E2 *" CA CO 2o og .S `EM S *o u 05 c 3o c5 *3> 2 g>-2 2 3 1 . is5 -2 U 05 .<SU -J>? t- Q c g>5i: o c-'i : cg c 05 8 g & " 2 05 O <2 S S? C/3 rte O ^82 > 3 9c I o NO ON > NO -- Houlihan LakeyHoward & Zakin I Overview ofMundet Cork Corporation Houlihan LokeyHoward & Zakin CO 1Q> CL, 6 o o (U a>s *C a. *9 C 03 3O 3 Qu 60 C o *S 4> C3 "O <D *0 T3 "O T3 a> 0 <L> T3 2 2 22 X >> >* >% S3 "O *3 *0 0 e3 jS 3 3 3 > 9 9 9 9 3 `C X a. a. x x X -9 *9 V j*v 0) 3 3 a> <D S c3 as ca >33 > > > 'C 3 3 c *C c X X' X X X X 4a-->t as 4> o3 >> *n *c XX 0 c5 > *c X T3 3 CL *9 a> a 2 > 02 LS as JO > 3C CL CL O TcU3ma 3 9 jO 9 X a u *o cs w 32 33 C3 x> > 3C XX (U0 -O ca <+' -i* u x> 3 X o <D o 9 o c c 8. if Is 11 s 2O u da> d 35T3 c 3 sa> a I |a ac Io .2 2 CL, i s E oU U M .5 c t: c ca oy x u <2 U >C? es cca o K i e? .2 -e g <2 U 553 oSc >N c *s CL, c 2o E & <3 ^CL o EU o "3 Uu M g | -o a 2 w-- gS2 o o2 5 U "S 'oi sE c 2E JC o o UUU U o U >> "C Srv d U 35 EL c 7cIS S |6 s SE CO .ES S H -2 'o 35 "CCOL, =35 cu .E if ti u Q II, a. a. o O o bD UC bO c 93 fcj s. E <C039J 0 u Cca u1) CO s 0 0 0 ac p--ua . v5 9 cca s wca 0 J c o Rw-*j --C w 0 & c7i 0 u -0 O uu s "3 J0C 1 c 03 a, E O CO ccs '0 0 "c3 O C1O C 3* ZO CO 3 CO O a * w O O C c X c .0 o eo O JLk.S c U 0 J 3 000 33C3 ot O > HM 0) .c H ao co S< uo Overview ofMundet Cork Corporation Houlihan LokeyHoward & Zakin > > 4> T3 s 2 ^ ^a a 3 is$ 3xa) -a>c ->n Qh O- CU Cl. e- o O c a. p o Uc >% O o IS 32 U3 eS ac o sc l Si i I c >. " "o <D > 4> ;=S js jo - J 3 (O tc*/>s O"-.-t!Sa I S j* & I ft ft I c ft o C TO oc crt c3 oz 'C c*c* S. g ft ft I ."oc tt)jc--. O5 SUt SCO | grS-S ,o 5 il C/2 *C o .g o H H Ed 0. S O u > w Q Z a, w ao> c oo O3 C--y > 5/i c x: .50 oO 4-< =1 - -g (*M-) T*<-30* *cd* 'O c w O' 3 C 2P 2"oSc00 ON W> " Ed Um1 o3 #*0 u -- -c Z C s os oEb OS u z z< Ut OS . c d> -o -c c *- > TC<2D 4> ( /; ( Wi/smtsfU agmna i Insure and seal nutnujth tutors Mundet's u rn operahons wrre not operational until mul todatr JV64 (2) Weighted sum v] revenue growth was lahulaied based on annual revenue growth oj s tla fed industry lomparables, weighted by their individual annual revenue* to total revenues o f the selected it umparablts the seln ted u/npantbles used were Am hor //<* king, Armstrong, Continental and Owens Illinois Crown Cork was excluded from this analysis because o f the revenue growth attributable to its merger with Crown Cork International CoqwnUtvn whuhoaurred in 1961 and MtLord was exi hided because due to the relative volatility in Us operating performance T3 O) *co 3 -ssl S 3 ea o r -*32 <3 o c C9 5 ~ Jg o T3 E "1 &> j S _3- sst: 2 0> 'Z! a- g bo a> S & e (A '3 U 11: C/3 a> O u c ? U x: o *0 c^i NO on 3 J5 C/3 te a* E -o ' On O-- Z o. -S r~. ' &'' JO -- < c' ?u C Cl> % > co O S CO ON >r *2& - D ? O u .> O 5 g c? -- , i= ? s SC -- J <3 _ 50 4> c Si Si "O X? a> S/J ffl 3 jz c it > -o 2 o -a- 3 g "o O..E i- I x> = p I I I I I ) ) > I '> I I > I t >*0 rcnn *m0\ = s ' C3 o H2^2 v> c) TD Isis c(Uo .Sap S3 r^> = .<iS O VO & * *m 22 fHt J^3*S? * S CO *t3 o> J3 .2 w> g a lgas| *-* 4> 4> 0*0 43 S* *2 co ; g T3 ,3 U 5 P- l. o o O - "S -- Jg.** o g ! > 4> 2 Jf8 CO C ?*> W sv* ! 8 cs Z* sg-s `B.-S | !#-5 *a o o C csj -2 i3 *o s *n o .o <u g .2 og.'S^ < ^* 53 a = ci & S 2,, ^ as1* o '---- T-- a3 o . CJ ^ s Cl, 2 s o 3 S <N.- ^ J8 o G}OS **&cHo CX| C4 2 23 JD uu *:a Houlihan Lokey Howard & Zukin i 0 03 03 fx 53 50 I (1) Includes a controlpremium o f30%. {2) Receivable duefrom Crown Cork at 12/31/05 $2 3 nuliton \ i Houlihan Lokey Howard & Zukin > > I sc u o< a. I o. < w *3 v> vo Ov ft H O > 2 s Ed x<>u id 0d < <M o 03 2< > > Houlihan Lokey Howard & Zukin > > > > I I I I I mxoor-v* &A X U X Cl e* X K X X X jK X X X (V^WNrtOiO^^ no^rJOfnr*^^ XrK-Xf'-QXQXXKKc*X*oa< Oot>(7 -- ovrtf'On n p< N r- c* o M1. <.,t^r'Ooo--oo S2S.S.SS.S?. aCm4 r4- --nV-t-QoMNf*1 nNo^v? iXnrKtMXNXeXaXwXt'wX^* Oi*ri'IJN + N A A SB xkkkxxxxk go oo xx oo x -- s oo <KKXKKKXX iin'CNd'tMO'f' i<nio'0HOOv 2S Oi'OnNaeoo'O -- O SS.S.S.88.S3S. 5i" R q S S S n* 51 2 * <" X X 00 5 lx S1 Z OKYXtXpmXrXKXOXttXh'XO 'O'Ot^Ov'C00w"*COv r- r** I2 em oocr*t'-'o IM kkkxxkkxx fioe<non'c r*X>t'-'<r>r*Ok _ X XX ol *o o ^ ^ OS & frt f-St-t-00-00 S85?2SS?S. a -r - ~ -- * r * " S: nsIit " &=a m!<^,,H sS I & g i s =1 s e ?l<li<lCfouISjizfo 3IatlSfSi xXVK'CXcxIMX'XOXOXQXO r-%*i-*oc<xc4 0 -- -- o a XXXXXXXXX o^ -- -- oo -- XX XX -- -- Jf XXKKXKXXX >ft^ O -- -- O^H -- <4 sXsX aXsX - o- r^C'it'-r-oo*--oo , SSSS.2SSSS. Wfid NM\DOOCVO}OJCI<N<nO--vON' ^ -- V* X f'' 3" Bi si clf.Jo O | 9i.SlL SI v VO i ? sO' lMusiallssisil!l I ss s,, 3a SS isiltslalSpsslJf 3x e JO , tt. C < I Houlihan Lakey Howard & Zukin I *-1 I -S i l l(1 ) Based on m idpoint o fvaluation conclusion range o f 5 m illion to t ! 2 0 m illion (2 ) Adjusted to exclude revenuesfro m insulation contracts and materials business, which was sold on February 8,1964 S2 o Q a ^**s S3 O O cn rS <o Sa 4o5 U c o0t0 .*SD> ''T* g UZ ^5 *-' 5E 3o .|`x bp 2 X25 b5UaO 5^ci= C<Ou x o n C <*3 T*<L3> EG#> t-- tc <tf o az xV-4 ,E*- c<3>u bO x! cCoaT c u, a scn vO On ? u o>Vi_1< kar>i co *2 co sO C 2 ~c3 06 w C5 a> TcOd 5 x> E o z b< O Cfl < Z &>o> Z oc ko* o Xt(n3 Luoi. </v->f so>* <sH*-o<4 c =t errt~s~f-t' U ><* <0 ? O. O. C a-- ,.aOS0-*] go C3 -- CO on 6 .s S o c^ ^ *co 0 2 cc 3 -- 2 -g oU .s 2 0X0 o j>v OJ 53 E *x 2cccOux co o <0 a oO -CCLJ O xi _ U < -ox 2 -oX c 5 2in o>- JL> cx u: 2 g "5 in u 0 c E c/5 cas.34 1o 5 e O' 3 i ca>> z o H CJ < z < O u) GO c a> .`M3t: -CCoO *C32 O' S y 3 <4- <C o o 3 oc o| c_ ojs u 2 3yo -Vo S x0:i 06 r* m o 'f-i CO 1 (1) A nnuahied based on revenue*j v r 10 5 months ending November IS, IV6J, urn! excludes revenue* o ] S9 0 m illio n frv m the sate o f ih * insulation contracts and m aterials business 1 I > } I > > > I 2 1 ^ i03 c/i <O i=co ^o .2S> 00 T3 14 Oo ?c . U2 z*-5 .20SSK)? *0go-?* J0G3 0C3 a> e0>? `o3 $c? &. & ca *E T3 43 *ay3cGsJr X~wo2>- c "T 5 fe cn s & ON ^. 2i> cr> "2 m S<3\ 2c -C5 <a9 zSo ms O-- >- J 13 CA ZJ0C3Z -SOC -^S2 c .s 5Cl 0c3 03 3 C 0>3 Si bJO C 4"VS--m* >C 00 o 13> cd g X a06 cn -- 13 CQ t- g 2 -S = e2 cd CL o CL cd C3 g o zfoct c</3 oz H** C*O-r4t' CJ < lHu0/> 1 zo HU <mZc< S -9 Zo2 S SC3i c o .Cw <lL.) u. Oo -Ca-L on U.c>Ot. KiC6~/M~> u. >o<--2 -S "S3 w2 acua. o oo o V3 co * 3c03r < tCK> cS 2Vi 3o 4 T3c33 2 <4_ o V) *o C Vm Co -T0o3> 8 S c3: --c1 2* 1o oU .2OO4 w0) $c uoW "O CCO ocd 3 Si Ocr s 03 .S3 3UwOS 3aC cE 2 O3 63 C O CA ccs U O 4> x: a. 3 C V> ~X3 IcL x> JZ H Srr 4 o w-. Ov5 -<d3- MCNi VO t'i *-- O cs soCOS o lu^ -> 3 S tu g fc > -t: s: 3 ^3 O "S J a* c CD > -cfo3 u; ^g U1 g o i? i jf 131 dj > lr> fi 3 S 3CIf - 5 >z 0-s 0fs*5 .5 S3 *5 k?* A -3 -- J= Vi cx so 8r r-- a. a -2rt vx>fi S<j fi wc c3x> 'a o C%J 2>1C *I3f 15 U 2 Jo O O i f /y AfmuuUtcri} Oturtf u/t tr%rnur*Jor W 1 Nu^t-mbcf / T, < tint/ tu futfn reve/iutt oj $VV twilitmJrvm the x tlt vj the imulativn vniraOs and rtuUtnah buxtnesft s i I I <V*<*l O5<crs% iomfo NO --* -- r- * * ) ^5 nS <2fl > ct r* r*v oo m <*1"> '" rr n oo m vr' cnm cm oo -* rn acmno mc(N*^ <O~f <n n --* rt <cMm a oooo mr^- o mc-*j * V so > B >u o*c O&. c r ^(*sa31 ; w wa c w uz c -J < ffl i I a -- e 5 a 5 ,? 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J2s .Sow w J3 *2 o ^B 3 c0o CO-1P2 xi Sfp, 3C -* *2 "O 3 C O Su SW p E -o -g .23 ^ JD - TJ s a"" o &g> o 3 .5 T3 o op -- 18^-IL.13&O, u, !I .*O- : bfi :c >I 'oD-. c 3 *n g o W o CO 3o C3 a <<5 joj c u a c 3 a. ,, 'I CO D g.i jor * ^ wt 'Z! >> Jo= 'e '5 8& ^ w 3 0 -a oo . oJ a> r_ c sfl oO SO ' wm CO 3 a o >- c c<3u ?= 5u 0) a s-o 3 g *-> toj 52 3c 08 cM `a <*H *i bO EP O C Q> W 3 B ^ 3 2B og 2 E 8.a "O X> -- g JS 2tj 33 Xw2 3 o & Oj w 3 to ^ s .sO -cf .2 w n .2 * 0O g S Oe O .5 O *3 id 3 G Ee 24> 4^ cd , g g "S a 2 OWu ^ *8 . -o 8.5 a 3 -c 2e- u.5 jc aco- C52Q5r <c3o*s oo a ^ 5 grf ji-sj "3 iS`Sc cOo CO T33 s > B <gO " s z; Jo% S c d J3 ^ O a> c o co 03 -*$ 3 o O .Uo< o G 0 2 4- i33 .r5t^o> _ 3 E " > 73 co 2E 3 00 c Co -On i2 3 &EU4 ^CgO CO .S cPo bc0 *S) cd J<vaSJ *C Cu W 4> 2& &G 3O "5 3" O > 3 T3 3w C 3 O g1 ,CU3*Mi O ^ ooS C3 *S tf 3 X i- IE CO 0 ^ G. 3c5 Msc$ "-d Cw O^ n 3O ct-'a. B -c 50 co o *1 is . g g fn> s) o U 2 a- z " *o s < gn} *oj z u o os o X u z c G O oo x: H B CO 3Qn !j a> "D 0 Q c S> u- -o 2 *co 3 'ac |s C3 Vtwo 1*8 3 CO O n O .S V) C3 C3 * 3P -5 r- ? -i_ o c o0 2 -cj *5 2 < S3 a ;3 W 00 00 . -M CoJ o i_ Ui- w 3 o *c > X2 o --0 ,U3 OC0O jo= c < 3c 5 "woO a. az eog HV) Scc *< o 3 >.*- .2 c0o -CP$ Sf "o "2 to Ooon C . o. X3 T3 ,4> U. J5>5 0 a 3 C3 _3> o >-o w %> 111 E o i8 1> x: SJ .-- "o 3 C/2 3 OCo3 S 4) OO -- --' w CO 50 c -a o? Wo 5u> th-- ^*0 o0 *p. P a-'C SW 00 = -a G3 C EUg wu4<> xXs "c3 J) 3 co*" Coo 3 oo S_2 S O 50 c3 *0c 3 50 c *3 X) *o 3a "O c 58 T3 ? a 3B o3 tjs 2V) tfl Oc 3 u c>$ <o 2Cu .5 S -S S g -c E oo v- r 33 <3; *q. > O 0 XX Owt dco. Q. o 0c0 -c o o G 8 ^* ,-5 CO C\ 0c0 OMOM 2 C**l CO Eu. 00 <Q O 5^0 3 O 0 * 5-i0- 'r*C4oao--*4 0 cqX 0co c o co CO C3 to G2- 0oo C3 40^* * C co -o ^OiO-- 0H o 3 tO X2 "S' 3E ^ 4i 4) J= 2o w C 3 J= zo 3 o < a. <mm z 04 o XUj *c p B .E ^ m wfl nu 0 Vm/ to CO k. <rjN- I > O w ens-Illinois is one o f the largest manufactures o f packaging industry. Its principal operation focuses around m anufacturing glass and plastic containers and related products. The com pany, its a ffilia te s o r licensees make approxim ately one o f every tw o glass containers made w orldw ide. The com pany is also a leading manufacturer in North Am erica o f plastic containers, plastic closures, plastic prescription containers, and m ultipack plastic carriers for beverage bottles. etj O M wV0m C3 1 r 3A u i2 | is C co CO Cta&-O4>0 <D = 00 O 3 co 8. +>+* co S 0 1 2 O * ac 2- O a> co ft co 2 CO 3 . a *w0 rs 2 o o Mo &CO C a => J= 33 I aa o 00 a P3 CL, Oc C CO 03 _ ^ (U - .g s. ^ S'-2 D I o o P E 3o. at w a> oi *S co oV5 & i> j= o oc os a "3 u 1 ttl (fUt ccu 3 -*= oO *2 co a O S' c3 CL, E 3 *- 38 H os e IN `S Os * --o c c0 O SO o a> CJ JZ b, O 4) b2 ,rt} -- CJ co ooW . 0) o jo E3 eg 23: f CO SGO M S !* 2 C*") 2& es _ 1 04 <7\ -- a> XZ *cO co tz .. *T3 ,p SP 52 (L) -- o' VCO. - co O^ Qu B -S L? *j! 2 C Cu -q. I3 -C2 O U5 XJ)- -O3 *" a -3 l> 13 F> C 3 > <D -- U- -o 32 O <22 CO "f"PlJ J>3< oc SS o SI z ej C O O *- " 4C-3^ CL c o U Uw sc3 jo *ss X5 oCO T3 Cou&.u0 o XL cf3t <A tooJ ou. 03CO0 "O lU1)T **-- 3 c4C> *4c--' o CL JD U o c-i oo Q. u. co 3 CL lo 00 cO3 Xl--I SL C3 O JD Cu Z O H < OS O CI OS O U a ce O U CJ "O 0) oo 1> o c 1> 2 "O 3 ,,c P CO o O c CO H CO ow <J CJ 3 2u o CJ ^C ^ rc? S oCkaO 32 UUS4 O 2 u. 00. O u z < u _} < z o < z --a HI a *15 &V o^ C^cCJ3 "*Occ"3 CJ co --c C3 J3 C^ -2 . 3 z; o Efl o z 1J--C1A< z Cd S O 1 IN RE: ASBESTOS LITIGATION Motion for Summary Judgment Of Crown Cork & Seal Company, Inc. COURT OF COMMON PLEAS PHILADELPHIA COUNTY NO. 001 CERTIFICATION OF SERVICE I, JOEL D. CANEY, hereby certify that onJamraty^ ^, 2002,1 served a copy of the foregoing Motion for Summary Judgment to all counsel of record in the cases stated in Exhibit "A" attached to the Motion as more fully described in the attached Exhibit "F's by 1st class mail. United States Postal Service, postage prepaid, after having filed the Motion and hand delivering the original and one copy to Court Administrator Mary McGovern. J 2ANEY