Chapter 929 My style
Boer handed Yang Yi several bound documents. Yang Yi flipped through a few moments and said, "Acquisition plan?"
“Yes, the acquisition plan.”
“Private jet service company!”
Yang Yi raised his head, and then he said with surprise: "I asked you to help me think about how to buy a private plane, but what are you thinking about is buying a private plane service company?"
Boer nodded and said in a deep voice: "Yes, buying a private plane won't solve our problem, but a private plane company is OK. In the United States, private planes are extremely common. If you have the money to pay for landing, then you can land at Kennedy International Airport. If you want to land at a small airport, just around New York, there are more than sixty private airports of different sizes for you to land."
Yang Yi nodded and said, "Yes, it's very convenient to own a private plane in the United States. It's not that difficult to charter or rent a private plane. You're right, my situation is small."
Boer smiled, and then he said in a deep voice: "When you only have 200 million US dollars, you are reluctant to buy a private jet worth 50 million US dollars, but now you have more than 10 billion, then you can acquire a private jet service company, have its own main airport, have its own aircraft, and the most important thing is to have a route! And Dartmei is the one that meets the conditions."
Yang Yi looked through the documents and said: "The main base is in the United States, with 122 aircraft of Gulfstream, Bombardier, Cessna, etc., of which 35 aircraft have the ability to fly intercontinental, and the routes cover most countries in the Americas and Europe. This company is very powerful!"
Boer nodded and said, "Yes, it's OK. The company's assets are about $1.6 billion, but this company has been losing money for four consecutive years due to poor management. Last year they lost $12 million."
Yang Yi took a breath and said, "1.6 billion US dollars? Not a lot. I think this transaction can be done. As long as we acquire this company, it will be much more convenient for us to move in the future."
Boer frowned and said, "How much do you plan to buy it?"
"A 1.6 billion, didn't you just say that this company currently has assets worth 1.6 billion US dollars? It's a lot of money for private jets that can fly intercontinental."
Boer shook his head, and then he said in a deep voice: "$1.6 billion is a very, very large sum of money. Not everyone is willing to spend $1.6 billion to acquire a company, especially a loss-making company, so I can't spend $1.6 billion on a loss-making private jet service company."
"What you mean...how much do you plan to buy it?"
Boer smiled, and then he said in a deep voice: "200 million US dollars acquire more than 50% of the shares, up to 300 million US dollars."
Yang Yi was stunned for a while, then he said with confusion: "I admit that I don't understand finance, and I don't understand corporate acquisitions very well, but I think no one is willing to sell a company worth 1.6 billion US dollars to you at a price of one tenth, right? Well, even if you only acquire 50% of the shares, it should be 800 million!"
Boer shrugged, and then he said in a deep voice: "It's very simple. Just put Dartmei on the verge of bankruptcy. What are you doing? Create one or two accidents for Dartmei, and then hype the unfavorable news about Dartmei, which forces the company to the verge of bankruptcy. Then, the equity of Dartmei is not that valuable."
"Publicly listed company?"
“No, privately owned, fully controlled.”
"Where... others won't compete with us?"
Boer sighed, and then he looked helpless at Yang Yi and said, "What are you doing? What do we do? Of course you have to get this company before others compete with you! This is not a pure commercial acquisition, this is... a robbery!"
Yang Yi was stunned for a while, then he whispered: "My conscience will be dissatisfied."
Boer rolled his eyes, and then he said in a deep voice: "The mall is like a battlefield."
Yang Yi shook his head and whispered: "We are not short of money now, there is no need to... cut off the road to life."
Boer spread his hands and said, "What are you thinking? Isn't this what every successful businessman is doing?"
"But I'm not a businessman..."
Boer was a little surprised and said loudly: "Then what are you going to do? Use one billion dollars to complete the things that can be completed with two hundred million dollars? Let me tell you that Dartmei has many loans in the bank, at least two hundred million dollars. If this company is on the verge of bankruptcy, those banks will come to the door. If Dartmei cannot repay the loan, it will go bankrupt. When the asset liquidation is settled, the bank will not let Dartmei go, then Dartmei is the bank. The boss of Dartmei can't get a penny, so he is really finished. If we can take out 200 million to 300 million dollars to repay the loan for him when the bank forces him to come, just in exchange for 51% of the shares, the boss will kneel down to thank you, because he has saved at least half of his property and he just lost control!"
Yang Yi scratched his head, and then he whispered: "Why not take all the shares?"
"Because we need Ned Dart to help us continue running this company. He has a good relationship with the NASA and he has very good relationships with many airports. If we leave him, we have to rebuild this network, but if we leave him, we can use all the resources of this company immediately. Do you want to send people to the United States with weapons? Or do you want to send people from France to Italy? It doesn't matter, just make a phone call and that's why we have to leave Ned Dart."
"Dartmei's boss is Ned Dart, okay, I saw it, well, why... I still don't want to grab his assets."
Looking at Yang Yi with a firm face, Boer reached out and put his hand on his head for a moment, and said helplessly: "God, what are you thinking? Do you know how difficult it is to make 100 million US dollars? Money should not be spent randomly, especially when you can save money, you cannot waste it at will. Listen to me, you can squander your money at will. Do you want to spend a million US dollars in a nightclub? No problem, no matter how you are extravagant or squander, it doesn't matter if you work hard to make money, isn't it just to spend it? But you can't spend even one dollar when doing business, because this is a matter of principle, this is your attitude towards business. Doing business is doing business, you can't waste a dollar in business!"
Yang Yi smiled bitterly and said, "If I would be uneasy... do you believe it?"
Boer waved his hand fiercely and said, "Since the money is under my control and the business is handed over to me, it must be done in my style! I don't care whether you have a conscience or not! Man, I won't break my rules to take care of your conscience. This is my style of doing business, and you have to respect my style and rules!"
Chapter completed!