The reason why those banks rushed to their own doors to lend money to Andy was because Andy was not short of money, not only was he not short of money, but he also couldn't spend it all.

You must know that no matter which country's bank is best at icing on the cake, there is never such a thing as a charcoal in the snow.

Andy can even think that as long as he has a problem with the capital chain, then the banks that used to almost kneel to him will turn their faces and deny people, come to collect debts, and force Andy's living space, and then someone will come to the door to make various demands, so that Andy has to come up with benefits in exchange for survival, which is the most common means in the capital world, and it is also the most effective means.

The business world is full of pits, there are thunders everywhere, and if you are not careful, you will lose everything, and he Andy Smith knows his own pounds, so he will spend tens of millions of dollars every year to support a think tank that has expanded to 80 people.

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

This is Andy's true inner monologue, he knows very well that his business foundation is not solid, so he has been implementing it step by step and seeking victory in stability, and always remains sober.

"Al, how much cash can I mobilize in the short term?" Andy has never forgotten the biggest goal of annexation in this financial crisis, and he knows very well that he is not alone in this gluttonous feast, and the old fox Warren Buffett has at least $300-50 billion in cash in his hands.

Of course, this money is not the old fox's own, but in this period, so much money is gathered together, and the old fox must be brewing some big moves.

And in the same way, he, Andy Smith, is making money to death, preferring to go into debt to let his company develop, and not use the cash in his hand, which is also holding back the big move, which is related to the guarantee that even if he does not have the advantage of foresight, he can also lie down on the guarantee of making money.

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

"Tsk, that's a lot. Andy smashed his mouth a few times happily, just hearing this number made people feel refreshed, although he knew that some of it was pulled out from the Federal Reserve and needed to be replaced, but in this current period when many banks could not cash out, the money in Andy's hands could undoubtedly play an incalculable role.

You know, the financial system is in chaos right now, both in the United States and the rest of the world. To make matters worse, the problems in the financial system have spread throughout the economy, and what was once a small leak is now turning into a violent guan.

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

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

In Andy's opinion, the same applies to the current moment, looking at the video Al smiled and said: "I bought AMC Cinema first, after all, it has the same name as my TV station, and it really can't be said not to be acquired." ”

"Boss, even if we buy AMC Cinemas, I don't approve of merging the theater chain into the entertainment media group, although the United States has now abolished the monopoly law of film companies, and even encourages film companies to have their own theater chains, but after all, there are some drawbacks in that large and comprehensive operation model that are difficult to correct.

We can acquire AMC Cinemas, but we should make it unique from the group, we can use AMC Cinemas as the basis, expand and annex with the goal of the world's largest cinema chain, and then sell part of the shares to reduce its liabilities, and then complete the IPO and go public to raise funds... ”

Andy groaned and nodded slightly, it's not that he has soft ears, but that the acquisition of AMC Cinemas is just to complete his entertainment industry layout, as long as he can determine his status as an entertainment predator, as for the merger or development, it doesn't matter to him.

"Yes, it's a good idea, so let's do it, start with the second largest theater chain in the United States, and eventually make it the first in the world, so that the Celestial Empire's theater investment can also complete the integration of resources, then that's it, good night." ”

"Okay, boss, goodbye. Alvitatre smiled and turned off the video link, then leaned back in his chair, took off his glasses, pinched the bridge of his nose, and after a moment of silence, he reached out and sorted out the various materials on the table, put it aside and looked at the time, picked up the phone on the table, and dialed out.

"It's me who has put together the details of AMC Cinemas, including the financial statements over the years... ”

That's the way it is, as long as the big boss needs it and orders it, the group of subordinates he spends money on need to solve it for him as soon as possible, which is a typical portrayal of moving his mouth above and breaking his leg below, which is common all over the world.

And because the ambition of his big boss continues to skyrocket, the size of his think tank has also expanded, after all, there are too many things that need to be paid attention to, which requires enough people to complete.

There is still a team following up on the Starbucks takeover, and several slutters from Liberty City Investment Company have been mobilized, waiting for Andy, the big boss, to give the order to attack.

Now that he has joined the acquisition of AMC Cinemas, this group of people in Gaia Company really can't be idle for a moment, which is also a thing that Andy is very happy about, he can't always raise a group of idlers with his own money, and being able to fully and effectively squeeze the fruits of his subordinates' labor is what a qualified capitalist has to do.

Andy Smith, a big capitalist, saw a detailed profile of AMC Cinema later in the day, and his subordinates were very aware of his habits, and he wanted briefings that could give him a clear understanding of all aspects of the target company, rather than requiring him to use his brain to extract what he needed to know from various data sources.

The think tank, for the most part, is his Andy Smith's external brain!

The exhibition industry in the United States is controlled by several large theater chains, including General Cinema Line, United Arts Theater Line, AMC Theater Line, Carmike Theater Line, Marcus Theater Line, etc., among the more than 30,000 screens in the United States, the theater chain controls about 14,000 screens, and the controlled 45% of the screens have amassed 80% of the box office revenue.

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

In 2004, it was privatized, and after the privatization, AMC had a good opportunity to grow. In 2005, AMC successfully acquired another theater chain that it failed to win that year, and it was precisely because of this acquisition that AMC Cinemas became the second largest theater chain in the United States, and it was precisely because of this acquisition that AMC Cinema Group had a five-strong board of directors.

JPMP, Apollo, Bain, Carlyle and Spectrum indirectly hold 100% of the shares of AMC Cinemas through an M&A fund, while the M&A funds hold 21%, 21%, 15%, 15% and 10% of the shares respectively, and the remaining 18% of the shares are held by the company's management.

It's all good to say, but what makes Andy frown is that this group of private equity bastards played capital games during the acquisition process, making AMC Cinema's liabilities almost double the value of its own assets.

According to the offer that can impress the other party, AMC Cinemas is valued at about $700 million, and it has a debt of 1.5 billion, although this debt will be repaid in the medium term in 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, and the purchase price of $2.2 billion is inevitable.

Andy looked at the briefing and fell into deep thought, this is not a small amount, but thinking about the economic situation at this time, these five private equity funds should be in a hurry to get rid of it, after all, everyone is short of money now, if there is a large-scale investor redemption, maybe these private equity companies may go bankrupt.

Andy believes that as long as the intention to acquire is revealed, at least four of the five companies on the other side will happily accept it, and looking at the summary and analysis of the think tank in the last paragraph of the briefing, Andy will no longer hesitate.

"AMC will be a company with excellent cash flow and a strong position in the industry in the future. Companies with excellent cash flow are more likely to obtain loans, and have greater advantages in both mergers and acquisitions. ”