Chapter 1180 Another AMC not to be missed (22/57)
The reason why those banks rushed to send them to their doorsteps to lend Andy was because Andy was not short of money. Not only did she not lack money, but she also couldn't spend too much money.
You should know that no matter which country's bank is best at adding icing on the cake, there has never been any timely help.
Andy could even think that as long as there was a problem with his capital chain, the banks that had almost kneeled down and turned against him, came to collect debts, and forced Andy to live in a living space. Then someone would come to make various requests, forcing Andy to take out benefits in exchange for survival. This is the most common and effective method in the capital world.
In the business world, there are pits everywhere and thunder everywhere. If you are not careful, you will lose everything. Andy Smith himself knows his weight, so he spends tens of millions every year to support a think tank that has expanded to 80 people.
Damn, if you want to cheat me, let’s talk about these dozens of smart brains first!
This is Andy's true monologue in his heart. He is very clear that his business foundation has not been consolidated, so he has been implementing every step and seeking victory in stability. He is always sober.
"Al, how much cash can I mobilize in the short term?" Andy never forgot the biggest goal of annexation in this financial crisis. He knew very well that in this feast, he was not alone in holding the coins. The old fox Warren Buffett concentrated at least 30-50 billion US dollars in cash.
Of course, the money is not owned by the old fox, but during this period, with so much money gathering together, the old fox must be brewing some big moves.
Similarly, Andy Smith is raising money to death, and would rather take debts to let his company develop and kill him without using the cash in his hands. He is also holding back his ultimate move. This ultimate move is related to the protection of making money even if he does not have the advantage of foresight.
"In three days, $23 billion in cash can be collected."
"Tsk tsk, there are quite a lot." Andy laughed and smashed his mouth a few times. Just hearing this number made people feel comfortable. Although he knew that some of the money was cut from the Federal Reserve and needed to be exchanged, in this period when many banks were cashing out, Andy's money could undoubtedly play an incalculable role.
You should know that the financial system is now in chaos, and this is true for the United States and other countries in the world. What's worse is that the problems of the financial system have spread to the entire economic system, and the small leak is now turning into a violent surge.
In the short term, the U.S. unemployment rate will continue to rise, business activities will stagnate, and media reports will be even more terrifying.
Build high walls, accumulate grain, and become king slowly!
In Andy's opinion, this also applies to the current moment. He smiled at Al in the video and said, "I will acquire the amc cinema first. After all, I have the same name as my TV station, so it's really unreasonable not to acquire it."
"Boss, even if we acquire Amc Cinema, I don't agree with the merger of theaters into the entertainment media group. Although the United States has now abolished the monopoly bill of film companies and even encouraged film companies to own their own theaters, the large and comprehensive operation model has some disadvantages that are difficult to correct.
We can acquire amc theaters, but we should make it unique outside the group. We can expand and surround it based amc theaters and aim to expand and sanction it with the world's largest theaters, and then sell some shares to reduce its liabilities, then complete iPo and list financing..."
Andy pondered for a moment and nodded slightly. It was not that he was soft-hearted, but that the acquisition of amc theaters was just to complete his entertainment industry layout. As long as he could determine the status of his entertainment giant, it would be fine. As for mergers or development, this did not matter in his opinion.
"Yes, this is a good idea. So let's do it like this. Start with the second largest theater in the United States and eventually make it the world's number one. In this way, the investment in theaters in the Tianchao can also complete resource integration. That's it, good night."
"Okay, boss, goodbye." Alvetre smiled and turned off the video connection, then leaned on the back of the chair, took off his glasses, pinched his nose bridge, pondered for a while, reached out to sort out the various information that had spread out on the table, put it aside, looked at the time, picked up the phone on the table, and called out.
"It was me who asked someone to sort out the detailed information of Amc Cinema, including the financial statements of previous years..."
That's how it is. As long as the boss needs it, he will ask the group of subordinates who he spends money to support to solve it immediately. That is, a typical true portrayal of moving his mouth on top and running off his legs below, which is common in the whole world.
Because his big boss' ambitions continue to soar, the scale of his think tank has also expanded. After all, there are too many things to pay attention to, and this requires enough manpower to complete it.
There is still a team that continues to follow up on Starbucks' acquisition, and has mobilized several traders from Liberty City Investment Company, waiting for the big boss Andy to make an attack order.
Now that we have joined the acquisition of amc cinema, this group of people from Gaia is really not idle for a moment. This is also something that Andy is very happy about. He can't support a group of idle people by spending money. Being able to fully and effectively squeeze the fruits of his subordinates is what a qualified capitalist needs to do.
The big capitalist Andy Smith, later that day, saw a detailed introduction to the am cinema. His subordinates were very clear about his habits. What he wanted was to let him understand the briefings of all aspects of the target company, rather than needing him to use his brain to extract what he needed to know from various data materials.
The think tank is largely his Andy Smith's external brain!
The screening industry in the United States is controlled by several large theaters, including General Cinema, Lianyi Cinema, Amc Cinema, Carmike Cinema, Marcus Cinema, etc. Among the more than 30,000 screens in the United States, large theaters control about 14,000 screens, while 45% of the screens controlled have accumulated 80% of the box office revenue.
amc Cinema is the second largest theater chain in the United States. It has a total of 3,500 screens, with an average of 15 yuan per company, covering major cities across the United States. More than 200 million people choose amc each year...
In 2004, it was privatized. After privatization, Amc obtained good development opportunities. In 2005, Amc successfully acquired another theater chain that he could not acquire that year. It was precisely because of this acquisition that Amc Cinema became the second largest theater chain in the United States, and it was precisely because of this acquisition that Amc Cinema Group also had a board of directors with the top five divisions.
JPMP, Apollo, Bain, Carlyle, and Spectrum five private equity funds indirectly hold 100% of the shares of Amc Cinema through a merger and acquisition fund, while the shareholding ratios of the merger and acquisition fund are 21%, 21%, 15%, 15%, and 10% respectively; the remaining 18% of the shares are held by the company's management.
All these are easy to say. What made Andy frown was the group of private equity bastards playing capital games during the acquisition process, which made Amc Cinema’s debt almost twice the value of its own assets.
According to the offer that can impress the other party's acquisition, the valuation of amc Cinema is about US$700 million, while its own liabilities are as much as 1.5 billion, although the interim return time of this liability is 2019-2020.
In this way, if Andy wants to complete the acquisition, he needs to take over this part of the debt at the same time. The acquisition price of US$2.2 billion is inevitable.
Andy was in deep thought as he looked at the briefing. This was not a small amount, but he thought that under the current economic situation, these five private equity funds should be eager to take off. After all, everyone is short of money now. If large-scale investors redeem it, these private equity funds may go bankrupt.
Andy believes that as long as the acquisition intention is revealed, at least four of the other party's five companies will happily accept it. Looking at the summary and analysis of the last paragraph of the think tank in the briefing, Andy no longer hesitated.
"Amc will become a company with excellent cash flow in the future and has a superior industry status. Companies with excellent cash flow will be easier to obtain loans, and they will have greater advantages whether they are mergers or acquisitions."
Chapter completed!