Chapter 1180 Another AMC Not to Be Missed (22/57)

The reason why those banks rush to lend money to Andy is because Andy is not short of money, not only not short of money, but also has too much to spend.

You must know that no matter which country's bank it is, what it is best at is adding icing on the cake, and there has never been such a thing as sending charcoal in a timely manner.

Andy can even imagine that as long as there is a problem with his capital chain, the banks that used to almost kneel down to him will turn their faces and deny people, come to the door to demand debts, force Andy's living space, and then someone will come to the door to propose various Requirements, so that Andy has to take out benefits in exchange for survival, this is the most common method in the capital world, and it is also the most effective method.

In the business world, there are pitfalls and thunders everywhere, and if you are not careful, you will lose everything. He, Andy Smith, knows his own strengths, so he spends tens of millions every year to support a think tank that has expanded to 80 people. group.

Nima, if you want to trick me, first fool these dozens of smart brains!

This is Andy's true inner monologue. He knows very well that his business foundation has not been solidified. Therefore, he has been implementing every step of the way and winning steadily, and he is always sober.

"Al, how much cash can I mobilize in a short period of time?" Andy has never forgotten the biggest target he hopes to annex in this financial crisis. He is very clear that he is not alone in this gluttonous feast. Buffett has concentrated at least $30-50 billion in cash in his hands.

Of course, the money is not the old fox's own, but during this period, with so much money gathered together, the old fox is definitely planning some big move.

And in the same way, he, Andy Smith, siphons money to death, preferring to be in debt to let his company develop, and kill him without using the cash in his hand. He is also holding back his big move. , also allows him to lie in the guarantee of making money.

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

"Tsk tsk, that's quite a lot." Andy smacked his mouth a few times happily. Just hearing this number makes people feel refreshed, although he knows that part of it is picked from the Federal Reserve. The money that comes out needs to be exchanged. However, in this period when many banks are unable to cash out cash, the money in Andy's hands can undoubtedly play an inestimable role.

You must know that the current financial system is in chaos, both in the United States and other countries in the world. To make matters worse, the problems in the financial system have spread throughout the entire economy, and what started as a small leak is now turning into a violent surge.

In the short term, U.S. unemployment will continue to rise, business activity will stagnate, and media coverage will become more alarming.

Build walls high, accumulate food widely, and become king slowly!

From Andy's point of view, this also applies to the current moment. Looking at Al in the video, he smiled and said, "I bought AMC theaters first. After all, it has the same name as my TV station. It really doesn't make sense not to buy them."

"Boss, even if we acquire AMC theaters, I don't agree with merging theaters into the entertainment media group. Although the United States has abolished the monopoly law of film companies and even encourages film companies to own their own theaters, that kind of After all, there are some disadvantages that are difficult to correct in the large and comprehensive operation mode.

We can acquire AMC theaters, but we should separate it from the group. We can use AMC theaters as the foundation and aim to expand and acquire the world’s largest theater chain, and then sell some shares to reduce its liabilities, and then complete the IPO. , IPO financing. . . "

Andy pondered for a moment, then nodded slightly. It's not that he's soft-hearted, but that the acquisition of AMC theaters is just to complete his entertainment industry layout. As long as he can confirm his status as an entertainment giant, it's fine for him to merge or develop independently. None of it matters to him.

"Okay, this is a good idea, let's do it this way, start with the second largest theater chain in the United States, and eventually make it the number one in the world, so that China's theater chain investment can also complete resource integration,

That's it, good night. "

"Okay, boss, goodbye." Alvitley turned off the video connection with a smile, then leaned on the back of the chair, took off his glasses, pinched the bridge of his nose, pondered for a moment, and spread the things on the table After sorting out the various documents that I had opened, I put them aside and looked at the time, picked up the phone on the table, and dialed it.

"It's me, let someone sort out the detailed information of AMC theaters, including financial statements over the years..."

The thing is like this, as long as the big BOSS needs to order, the group of subordinates he spent money to support need to solve it for him as soon as possible, which is a typical true portrayal of talking at the top and breaking legs at the bottom, which is popular all over the world. are common.

And because the ambition of his own big boss keeps skyrocketing, the scale 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 continuing to follow up on the acquisition of Starbucks, and they have also mobilized several players from the Liberty City Investment Company, waiting for Andy, the big boss, to give an order to attack.

Now that he has joined the acquisition case of AMC theaters, the people of Gaia really can't be idle for a moment. This is also a very happy thing for Andy. You can't raise a group of idlers with your own money. It can be fully and effectively Squeezing the labor fruits of his subordinates is what a qualified capitalist should do.

Andy Smith, the big capitalist, saw the detailed introduction of AMC theater later in the day. His subordinates were very aware of his habits. What he wanted was a briefing that would allow him to clearly understand all aspects of the target company. , instead of requiring him to use his brain to extract what he needs to know from various data.

To a large extent, the think tank is his Andy Smith's external brain!

The projection industry in the United States is controlled by several major cinema lines, including Universal Cinemas, United Artists Cinemas, AMC Cinemas, Carmike Cinemas, Marcus Cinemas, etc. Among the more than 30,000 screens in the United States, the big theaters Lines control about 14,000 screens, but the controlled 45% of the screens amassed 80% of the box office revenue.

AMC Theaters is the second largest theater chain group in the United States. It has a total of 3,500 screens, with an average of 15 screens per theater, covering 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 opportunity for development. In 2005, AMC successfully acquired another theater chain that failed to win that year. It is precisely because of this acquisition that AMC Theaters has become the second largest theater chain in the United States. It is precisely because of this acquisition that AMC Theater Group has A board of directors ruled by the top five.

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

All of this is fine, and what made Andy frown was that these private equity bastards played capital games in the acquisition process, leaving AMC theaters with debts almost double the value of their own assets.

According to the quotation that can impress the other party's acquisition, AMC Theater's valuation is about 700 million US dollars, and its own debt is as much as 1.5 billion, although the medium-term repayment time of this debt is 2019-2020.

In this way, if Andy wants to complete the acquisition, he needs to undertake this part of the debt at the same time. The acquisition price of 2.2 billion US dollars is inevitable.

Andy looked at the briefing and fell into deep thought. This is not a small amount, but considering the current economic situation, these five private equity funds should be eager to sell. After all, everyone is short of money now. If there is a large-scale investor redemption Back, maybe these private equity companies may go bankrupt.

Andy believes that as long as he reveals his intention to acquire, at least four of the other five companies will happily accept it. Seeing the summary analysis of the think tank in the last paragraph of the briefing, Andy no longer hesitates.

"AMC will become a company with excellent cash flow in the future and has a superior industry position. Companies with excellent cash flow are more likely to obtain loans, and have greater advantages whether they are acquired or acquired."