American Fortune Life

The reason why those banks rushed to send themselves to lend money to Andy is because Andy does not lack money, not only does not lack money, but also spends more.

You must know that no matter which bank the country is in, the best thing is the icing on the cake.

Andy can even think that as long as he has a problem with the capital chain, those banks that once had to kneel almost will turn his face into ignorant people, come to urge debt, and force Andy's living space, and then someone will come to propose various The requirement is to make Andy have to give out benefits in exchange for survival. This is the most common means of capital world and the most effective means.

In the business world, there are pits everywhere, and there are thunders everywhere. If you accidentally lose, you will lose everything. Andy Smith himself knows his own abilities, so he will spend tens of millions every year to support the think tank that has expanded to 80 people. group.

Nima, want to pit me, first lie to these dozens of clever brains before talking!

This is the true monologue of Andy's heart. He is very clear that his business foundation has not been consolidated. Therefore, he has always been implementing step by step and winning in stability, and always keep awake.

"Al, how much cash can I mobilize in the short term?" Andy has never forgotten the biggest goal that he hopes to annex in this financial crisis. He is very clear that in this grand feast, he did not hold the coins alone to wait and see. He has at least $ 30 billion to $ 50 billion in cash.

Of course, this money is not the old fox's own, but in this period, so much money is concentrated, this old fox is bound to brew some big tricks.

And the same, he Andy Smith used his money to die, preferring debts for the development of his company, and killing the cash in his hands, it was also a big move. This big move was related to the advantage of prophecy even if he did not have it. It also allows him to lay a guarantee of making money.

"Within three days, $ 23 billion in cash can be raised."

"Well, it's quite a lot." Andy smashed his mouth a little happily. Just hearing this number makes people feel comfortable, although he knows that there is still a part from the Fed. What comes out needs to be changed, but in this period when many banks are cashing out no money, Andy's money can undoubtedly play an inestimable role.

You know, the financial system is in chaos right now, as it is in the United States and the rest of the world. To make matters worse, the problems of the financial system have spread to the entire economic system, and the small leaks are now turning into a violent rush.

In the near future, the US unemployment rate will continue to rise, business activity will stagnate, and media reports will be even more alarming.

Build walls high, accumulate grain, and slowly become king!

In Andy's view, this is also applicable to the present moment. Looking at Al in the video, he laughed and said, "The AMC Theater was acquired first. After all, it has the same name as my TV station. It would be unreasonable without the acquisition."

"Boss, even if we acquired amc theaters, I do n’t agree with the integration of theater lines into the entertainment media group. Although the United States has now cancelled the film company ’s monopoly bill and even encouraged film companies to have their own theater lines, but that kind of After all, the large and comprehensive operating model has some disadvantages that are difficult to correct.

We can acquire the amc theater line, but we should separate it from the group. We can use the amc theater line as the basis and expand and annex the world's largest theater line, and then sell some shares to reduce its liabilities, and then complete the ipo. , Listing financing ... "

Andy groaned, nodded slightly, not because he was soft-spoken, but that the acquisition of AMC Cinemas only completed the layout of his entertainment industry, as long as he could determine his status as an entertainment crocodile, as for the merger or the development of legislation, this It doesn't matter to him.

"Yes, this is a good idea. Let's do this. Let's start with the second largest circuit in the United States and finally make it the first in the world. In this way, the investment in the theater of the Dynasty can also complete the integration of resources. That's it, good night. "

"Okay, boss, goodbye." Alvetrie turned off the video connection with a smile, then leaned on the back of the chair, took off his glasses, pinched his nose bridge, and groaned for a moment before reaching out to spread the table. The various documents that were opened were sorted out, and when I set aside and looked at the time, I picked up the phone on the desk and dialed out.

"It's me, let me sort out the details of the amc theater, including financial statements over the years ..."

This is the case. As long as the boss needs it, he will be ordered to deal with it. The group of people he spends money on will need to solve it in the first time. All are common.

And because his boss's ambitions have skyrocketed, the size of his think tank has also expanded. After all, there are too many things to pay attention to, which requires enough manpower to complete.

There is still a team of Starbucks acquisitions to continue to follow up, but also mobilized several market players from the Liberty City Investment Company, waiting for the big boss of Andy to make an attack order.

Now I have joined the acquisition of amc theater. This group of people from Gaia is really not idle for a while. This is also a very happy thing for Andy. You ca n’t raise a group of idlers by yourself. It can be fully effective. Squeezing the fruits of his labor is what a qualified capitalist has to do.

Big capitalist Andy Smith, later in the day, saw a detailed introduction to the am theater. His group of people is very clear about his habits. What he wants is to give him a clear briefing on all aspects of the target company. Instead of requiring him to use his brain to extract what he needs to know from various data.

The think tank is, to a large extent, his Andy Smith's external brain!

The projection industry in the United States is controlled by several large theater lines, including general theater lines, Lianyi theater lines, amc theater lines, Kamak theater lines, Marcus theater lines, etc. In more than 30,000 screens in the United States, the theaters The line controls about 14,000 screens, but 45% of the screens controlled have collected 80% of the box office revenue.

Amc Cinemas is the second largest cinema chain group in the United States. It has a total of 3,500 screens, with an average of 15 each, located in major cities across the United States. More than 200 million people choose AMC every year ...

In 2004, it was privatized. After privatization, amc got a good development opportunity. In 2005, AMC successfully acquired another theater line that was not able to win that year. It is precisely because of this acquisition that AMC Cinemas has become the second largest theater line in the United States. It is precisely because of this acquisition that AMC Cinemas Group also has Board of the top five separatists.

Five private equity funds of jpmp, Apollo, Bain, Carlyle, and Spectrum indirectly hold 100% of AMC Cinema through a merger and acquisition fund, and the shareholding ratios of the merger and acquisition fund are 21%, 21%, 15%, 15%, 10%; the remaining 18% of the shares are held by the company's management.

It's okay to say that what caused Andy to frown is that this group of private equity **** played capital games during the acquisition process, making AMC Cinema's debt almost double the value of its own assets.

According to the offer that can impress the other party, the valuation of amc theater is about 700 million U.S. dollars, and its own debt is as much as 1.5 billion, although the debt will be returned in the middle of 2019-2020.

In this way, if Andy wants to complete the acquisition, it will need to accept this debt at the same time. The purchase price of 2.2 billion US dollars is inevitable.

Andy looked at the briefing and was lost in thought. This is not a small amount, but under the current economic conditions, these five private equity funds should be eager to divest. After all, everyone is short of money now. If there is a large-scale investor redemption Back, maybe these private placements may go bankrupt.

Andy believes that as long as the intention of the acquisition is disclosed, at least four of the other five will be happy to accept it. Looking at the summary analysis of the last paragraph of the briefing in the think tank, Andy no longer hesitates.

"Amc will become a company with excellent cash flow in the future and has a superior industry status. And companies with excellent cash flow will be more likely to obtain loans, whether it is mergers or acquisitions, have greater advantages."