plagiarism

Plagiarism - 140 leveraged buyout scheme

Having been in contact with Tan Jiabao for so long, Tan Xiaozhong gradually got used to the endless whims and wonderful ideas of this grandson. When he saw Tan Jiabao talking so eloquently, he knew that he must have a way to implement the anti-takeover plan.He said: "Little Bao, do you really have a way to acquire Bristol Meyers? If it is possible to acquire, I will also strongly support it. Sooner or later our Tang Dynasty Company will enter the pharmaceutical industry. I have to say that this is It’s a great opportunity. But you said at the beginning that their patented drugs will expire, how will we keep the company’s profits after we take over?”

Tan Jiabao nodded and said: "If this company hadn't come to acquire Danbis, I would not use this method to counter-acquire it. Since they are going to challenge us, let's take it. In terms of profit, I have already Think about it. Since the review of new drugs takes several years, we have no time to work hard on this. But we can find a way on medical devices, and the pda certification review of some medical devices is much faster. So we can launch some new drugs as soon as possible. Tangchao Pharmaceutical has quickly become a world-class medical device manufacturer. In addition, I want to open a branch in Hong Kong, after all, the labor there is much cheaper, and it can contribute to the construction of Hong Kong, and it can Open up the Asian market."

"Haha, Bristol, the boss of Bristol Meyers Company, must be very happy now, right? Let him be happy for a few more days." After Tan Jiabao said this, he said to Peric: " During this period of time, we have to keep a low profile as much as possible, and Mr. Peric has to maintain that weak posture in public and in front of the media, so as not to arouse their suspicion. You can even learn from Hollywood actors..."

Hearing Tan Jiabao's words so firmly, Perici calmed down a lot, and his confidence also increased a lot.He laughed and said, "You don't have to worry about this, I think if I change my career and become an actor, I will be a top-notch actor, and it's not impossible to even win an Oscar, haha..."

Tan Jiabao looked at his happy face and said, "Mr. Peric, I seem to have heard many times that you have a very good relationship with the bank, right? Haha, don't tell me now, you were bragging before."

Peric was stunned and said: "No, I have a good relationship with the New York banking industry. My wife's brother is the manager of the business department at the New York headquarters of Citibank, and I have a few classmates and friends at JPMorgan Chase Bank. Our Dan For generations, Bisi has a very good credit record..."

"It turns out that in the United States, many things depend on relationships." Tan Jiabao thought bitterly.

Tan Jiabao nodded after thinking for a while and said, "Then I can rest assured. Tomorrow, please ask Mr. Perici to go out and borrow at least 50 billion U.S. dollars from the bank!"

"What?" Peric yelled, "Tan, did I hear you right? A loan of 50 billion dollars? What are you kidding?"

Peric angrily said to Tan Jiabao: "Tan, I do have a good relationship with the Bank of New York, but with such a large amount of loan, I believe even if my father is the president of the bank, he would not give me a loan without mortgage. Dan Although Bisi's market value has now reached 39 billion, it looks like a giant company like Bristol Meyers. But it was fired by them, and it is fundamentally different from Bristol Meyers. Are the people in the bank all fools? My dear Tan, you should know exactly how much our Dan Bisi's assets are. "

Tan Jiabao smiled and said: "What Peric means is that if there is enough collateral and guarantee, you can get a loan of this amount, right?"

Peric said angrily: "Yes, Tan, you can find a company worth more than 50 billion to mortgage."

Tan Jiabao said calmly: "The collateral company is ready-made. Why should I look for it? Our collateral is Bristol Meyers Company. If it is not enough, we will add Dan Bisi. Our loan The purpose is to acquire this company. And enough funds can definitely acquire this company, so in theory, as long as we make up our mind to acquire this company, Bristol Meyers is already ours .We're taking out a bank loan on our Bristol Meyers property!"

This method of acquiring companies that only sprouted in the United States in 1969 and became popular in the 80s is unheard of for people in 1967.All the people present were wide-eyed, stunned, unable to figure out the mystery for a while.

Tan Jiabao further explained: "This kind of acquisition is called a leveraged buyout, which refers to a strategy in which a company or individual uses its own assets as debt collateral to acquire another company. During the transaction, the acquirer's cash expenditure is reduced to a minimum. In other words In other words, a leveraged buyout is an ingenious way to acquire or control other companies. The outstanding feature of a leveraged buyout is that the acquirer uses large-scale financing and borrowing to pay for the transaction in order to make the acquisition. Usually 70% or all of the total purchase price At the same time, the acquirer uses the assets and future earnings of the target company as collateral for the loan. The interest on the loan will be paid through the future cash flow of the acquired company. Therefore, this acquisition is feasible. Mr. Peric should do everything possible to persuade Your brother or classmate. I dare say that in the future, this kind of acquisition will be popular in the world. From another perspective, the banks will also benefit from it, and their interest income will already be a lot of money."

Tan Jiabao paused, and continued: "There is another advantage after our leveraged buyout, that is, according to US law, the acquired company enjoys a tax exemption policy for paying interest, and there is only a small amount of tax paid in the subsequent production and operation process. It is also conducive to the development and growth of enterprises.”

Last night, when Tan Jiabao confirmed that this company was the future Bristol-Myers Squibb Company, he thought of using this method to acquire this company at a very low price.He originally planned to flex his muscles in the medical field, but he never had extra energy and suitable goals.For the acquisition of large pharmaceutical companies, pharmaceutical companies can apply for US government protection.Now, the acquisition in the form of anti-acquisition can well avoid this situation.

Now his only worry is that the loan amount is too large. He knows that in the early 80s, the maximum amount of loans for leveraged buyouts by banks was only several million to tens of millions. Only in the middle and late 80s did leveraged buyouts of more than 50 billion appear. Loans and financing.But he believed in Peric's ability, and also believed that he would definitely use all his strength for Dambis.

Tan Jiabao thought that maybe because of his appearance, the bubble of the world economy would be accelerated.He knew that if this reverse takeover was successful, it would be the most classic case of a leveraged buyout.He can even predict that the world capital market will not be peaceful from now on.