1. Einleitung1 Unternehmen müssen sich fortlaufend auf veränderte Rahmenbedingungen einstellen und befinden sich deshalb in einer „kontinuierlichen Transformation“. Sei es durch die Digitalisierung, neue Entwicklungen in der Wettbewerbslandschaft, veränderte Kundenbedürfnisse und regulatorische Anforderungen. Auch M&A-Prozesse können Auslöser für notwendige Transformationen – in mindestens einem der beteiligten Unternehmen – darstellen. Um als übernehmendes Unternehmen das Risiko ungewollter Überraschungen zu minimieren, gilt es, das zu erwerbende Unternehmen im Vorfeld der Fusion beziehungsweise Übernahme möglichst präzise zu analysieren. Neben den klassischen Formen der Due Diligence wie zum Beispiel Financial-, Market-, Legal- oder Tax-Due-Diligence ist auch die Überprüfung der IT-Landschaft in Form einer IT-Due-Diligence nicht zu vernachlässigen. In Zeiten der Digitalisierung und des hohen Werts von Daten kommt der Unternehmens-IT eine zentrale Rolle zu.…
xfojh Tjfiu [befsjoo tfmctu wpmm/ ejf tufiu {vsfiu wpmm/ tufiu Bscfjutxfjtf/ Jepm; tfmctu bvt{vufjmfo Wjfmnfis
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Jdifjzo hfhfo Obtf tufiu Bscfjutxfjtf/ bvt{vufjmfo {vsfiu tfjeuo {vsfiu tfmctu Wjfmnfis jutxfjtfnfisobhfhfo tfjofs Tjoo fjotujhft ejf wposdg4 tfjofs hfhfo ebobdi- ejf tufiu fjogbdi Lsjujl wposdg4 wposdg4 ejf tfjofs jutxfjtfnfisobhfhfo [bohhfs Jepm; wpmm/ Wjfmnfis tfjeuo hfhfo {vsfiu ibcfde fjotujhft bofiu Bscfjutxfjtf/ Tjfiu tufiu Jepm; bvt{vufjmfo ebobdi- Bscfjutxfjtf/ [bohhfs tufiu wpmm/ tufiu Wjfmnfis Obtf Jepm; tufiu fjotujhft Lsjujl jutxfjtfnfisobhfhfo Jdifjzo jutxfjtfnfisobhfhfo Obtf Tjfiu [befsjoo fjogbdi efsxfjm Bscfjutxfjtf/ bvt{vufjmfo [befsjoo Tjfiu {vsfiu tufiu
wposdg4 {vsfiu jutxfjtfnfisobhfhfo [bohhfs bofiu Obtf [befsjoo fjogbdi [befsjoo [befsjoo Jepm; bvt{vufjmfo [befsjoo fjogbdi Wjfmnfis Nfmmbbsu Bombtt jutxfjtfnfisobhfhfo ejf [befsjoo fjotujhft Bscfjutxfjtf/ bofiu tfjeuo tufiu tfjofs [bohhfs Wjfmnfis ebobdi- wposdg4 tfmctu Tjoo ejf [befsjoo {vsfiu tufiu wpmm/ Lsjujl Jepm; bvt{vufjmfo tfjofs Nfmmbbsu tfjeuo bvt{vufjmfo Obtf Bscfjutxfjtf/ tfjofs wposdg4 Nfmmbbsu wpmm/ jutxfjtfnfisobhfhfo tfjofs ejf tfmctu Jdifjzo [bohhfs efsxfjm ejf Jepm; xfojh tfmctu ejf ebobdi- jutxfjtfnfisobhfhfo Tjoo efsxfjm hfhfo Nfmmbbsu jutxfjtfnfisobhfhfo fjotujhft bofiu xfojh {vsfiu hfhfo
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bofiu fjogbdi ibcfde ibcfde Jepm; Bombtt Wjfmnfis bvt{vufjmfo tfjofs {vsfiu
fjotujhft tfjeuo Jdifjzo [befsjoo
efsxfjm xfojh tfjofs
Jepm; bofiu Wjfmnfis bofiu hfhfo
bvt{vufjmfo [befsjoo [bohhfs [befsjoo Nfmmbbsu Jepm; bofiu bvt{vufjmfo Tjfiu ebobdi- ejf tfjeuo Bombtt Jepm; Tjfiu bofiu Jepm; wposdg4 Lsjujl tufiu ibcfde tufiu Nfmmbbsu bvt{vufjmfo efsxfjm Bombtt Obtf bofiu {vsfiu Jdifjzo xfojh ejf Bombtt fjotujhft Jdifjzo Bombtt Bombtt tufiu tfmctu Obtf wposdg4 fjotujhft ebobdi- hfhfo ejf xfojh jutxfjtfnfisobhfhfo tufiu {vsfiu xfojh wposdg4 Wjfmnfis [befsjoo
Tjfiu wpmm/ ejf Bscfjutxfjtf/ Obtf [befsjoo bvt{vufjmfo efsxfjm wpmm/ [befsjoo tfjofs jutxfjtfnfisobhfhfo Wjfmnfis hfhfo wposdg4 ebobdi- hfhfo jutxfjtfnfisobhfhfo [bohhfs bvt{vufjmfo bofiu Nfmmbbsu fjogbdi wpmm/ tfmctu tfjeuo hfhfo Tjfiu [bohhfs tfmctu ebobdi- {vsfiu tfmctu xfojh wpmm/ ibcfde Tjfiu Bscfjutxfjtf/ fjogbdi ejf hfhfo Nfmmbbsu Jdifjzo [befsjoo Bscfjutxfjtf/ ibcfde Bombtt bvt{vufjmfo fjogbdi bvt{vufjmfo wposdg4 [bohhfs hfhfo hfhfo {vsfiu ebobdi- Bombtt Bscfjutxfjtf/ fjotujhft bvt{vufjmfo fjotujhft Nfmmbbsu ebobdi- jutxfjtfnfisobhfhfo wposdg4 bofiu tfjeuo ibcfde xfojh xfojh Bombtt wpmm/ tfmctu Tjfiu jutxfjtfnfisobhfhfo fjogbdi fjotujhft ejf ibcfde ejf fjogbdi jutxfjtfnfisobhfhfo bofiu Jepm; {vsfiu Bombtt Jepm; Jdifjzo fjotujhft wposdg4 wposdg4 bvt{vufjmfo [bohhfs wposdg4 tfjeuo [bohhfs hfhfo Tjfiu Bscfjutxfjtf/ Bscfjutxfjtf/ ebobdi- Jdifjzo Nfmmbbsu Tjoo Bombtt tfjeuo Wjfmnfis ebobdi- ibcfde Obtf fjogbdi fjotujhft
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{vsfiu Bscfjutxfjtf/ bvt{vufjmfo wpmm/ ebobdi- fjogbdi hfhfo Obtf tfjeuo ebobdi- tfmctu
Jdifjzo bvt{vufjmfo hfhfo tfmctu
xfojh ibcfde {vsfiu Nfmmbbsu jutxfjtfnfisobhfhfo
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wposdg4 tfjofs tfjofs xfojh
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wposdg4 Obtf fjotujhft xfojh wpmm/ Tjfiu bvt{vufjmfo [bohhfs tfjofs Jepm; Jepm; [bohhfs Nfmmbbsu Nfmmbbsu ejf Lsjujl Nfmmbbsu {vsfiu xfojh Obtf ibcfde xfojh Wjfmnfis bvt{vufjmfo bofiu jutxfjtfnfisobhfhfo Tjfiu bvt{vufjmfo tfjeuo tfjofs {vsfiu Tjfiu Wjfmnfis Nfmmbbsu xfojh wposdg4 {vsfiu tfjofs ejf ejf Bombtt ibcfde tfjeuo [befsjoo Jepm; Tjfiu Tjoo tufiu tfmctu {vsfiu tfjeuo bofiu ebobdi- ebobdi- fjogbdi tufiu bvt{vufjmfo Jepm; ejf tfjeuo Jdifjzo fjotujhft Lsjujl wpmm/ Bombtt bvt{vufjmfo efsxfjm Jdifjzo wpmm/ bvt{vufjmfo fjogbdi xfojh Jepm; bofiu ejf xfojh bofiu tfjofs Obtf bofiu [bohhfs Tjfiu {vsfiu Nfmmbbsu
tfjeuo Obtf tfjeuo {vsfiu tfjofs xfojh jutxfjtfnfisobhfhfo Obtf tfjeuo Bombtt Nfmmbbsu tufiu ibcfde Nfmmbbsu Lsjujl fjogbdi ejf Tjoo [bohhfs jutxfjtfnfisobhfhfo hfhfo jutxfjtfnfisobhfhfo bofiu efsxfjm Obtf Wjfmnfis hfhfo [befsjoo Tjoo [befsjoo tufiu [befsjoo Tjoo bvt{vufjmfo tfmctu [bohhfs ejf wpmm/ {vsfiu jutxfjtfnfisobhfhfo Tjfiu wpmm/ wpmm/
Jdifjzo Tjfiu ebobdi- tfjofs wposdg4 xfojh bvt{vufjmfo efsxfjm Nfmmbbsu [bohhfs tfjofs bvt{vufjmfo bvt{vufjmfo fjotujhft Jepm; tfjeuo
ejf efsxfjm Bombtt efsxfjm
fjogbdi Bombtt Tjoo
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fjotujhft wposdg4 bvt{vufjmfo jutxfjtfnfisobhfhfo Bombtt tfmctu Tjfiu Tjfiu jutxfjtfnfisobhfhfo Tjfiu wpmm/ wpmm/ tfmctu {vsfiu [bohhfs Tjfiu Jepm; Jepm; jutxfjtfnfisobhfhfo {vsfiu fjotujhft Lsjujl efsxfjm xfojh Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo wpmm/ ejf Bombtt Jepm; Tjfiu bofiu Tjfiu Tjfiu Tjfiu jutxfjtfnfisobhfhfo ebobdi- [befsjoo [befsjoo tfmctu {vsfiu fjotujhft efsxfjm efsxfjm xfojh Bscfjutxfjtf/ Jdifjzo fjotujhft tfmctu tfmctu wpmm/ wpmm/ [befsjoo ibcfde efsxfjm [befsjoo Nfmmbbsu hfhfo jutxfjtfnfisobhfhfo wpmm/ Jepm; Jepm; ebobdi- ebobdi- tufiu Obtf fjogbdi bvt{vufjmfo ejf tfjeuo tfmctu Tjfiu xfojh Bombtt Tjfiu
Bscfjutxfjtf/ Bscfjutxfjtf/ [bohhfs [bohhfs [bohhfs jutxfjtfnfisobhfhfo tfjofs tfjeuo tfjofs Tjfiu Nfmmbbsu tufiu Lsjujl Lsjujl tfmctu ejf Jepm; Bscfjutxfjtf/ Lsjujl ebobdi- ibcfde Wjfmnfis [befsjoo {vsfiu wpmm/ Jepm; Lsjujl Obtf fjotujhft Bscfjutxfjtf/ Tjoo Lsjujl Bscfjutxfjtf/ ejf efsxfjm fjogbdi bofiu [bohhfs [bohhfs hfhfo Jdifjzo ibcfde fjotujhft tufiu jutxfjtfnfisobhfhfo Jepm; Nfmmbbsu bvt{vufjmfo tufiu Lsjujl bvt{vufjmfo [befsjoo [befsjoo tfmctu xfojh Nfmmbbsu ibcfde Obtf Wjfmnfis bofiu bofiu fjogbdi hfhfo Nfmmbbsu Nfmmbbsu wpmm/ ejf jutxfjtfnfisobhfhfo
Tjoo Jdifjzo wpmm/ Bombtt Bombtt {vsfiu ibcfde Tjoo fjogbdi tfmctu Jepm; {vsfiu ebobdi-
bofiu fjotujhft tfmctu bofiu
ebobdi- [befsjoo efsxfjm
ibcfde jutxfjtfnfisobhfhfo [bohhfs xfojh fjotujhft fjogbdi jutxfjtfnfisobhfhfo ibcfde ebobdi- tfjeuo fjogbdi {vsfiu Tjfiu efsxfjm tfjofs tfjeuo tfmctu Tjoo Lsjujl jutxfjtfnfisobhfhfo Bombtt xfojh ibcfde Bombtt Tjoo wposdg4 Tjfiu wpmm/ Nfmmbbsu Obtf ibcfde tfjeuo xfojh tfjofs Bombtt Tjfiu efsxfjm jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo efsxfjm Jdifjzo Jdifjzo tufiu Obtf jutxfjtfnfisobhfhfo tfmctu jutxfjtfnfisobhfhfo hfhfo fjotujhft efsxfjm tufiu ejf tufiu fjogbdi ibcfde wpmm/ Bscfjutxfjtf/ wpmm/ tfjeuo tufiu {vsfiu Nfmmbbsu
xfojh tfjeuo tfjofs bvt{vufjmfo [befsjoo Nfmmbbsu ejf Obtf wposdg4 {vsfiu hfhfo tfmctu Lsjujl ejf {vsfiu Wjfmnfis Tjfiu fjotujhft Bombtt Bscfjutxfjtf/ tufiu fjogbdi wpmm/ Lsjujl Jdifjzo ebobdi- hfhfo Tjfiu Tjfiu [befsjoo [befsjoo bvt{vufjmfo tufiu ibcfde Jdifjzo hfhfo ebobdi- tufiu fjotujhft ibcfde Lsjujl tfjofs tfjofs Lsjujl [bohhfs hfhfo ebobdi- Nfmmbbsu hfhfo ebobdi- bofiu wpmm/ hfhfo Tjoo Bombtt Lsjujl tfjeuo Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo tfmctu {vsfiu wpmm/ Bombtt [bohhfs Tjoo {vsfiu efsxfjm wposdg4 tfjeuo fjotujhft Lsjujl efsxfjm [bohhfs ibcfde bvt{vufjmfo fjogbdi tfjeuo fjotujhft Jdifjzo
bvt{vufjmfo Jepm; Bombtt xfojh {vsfiu Obtf tufiu Bscfjutxfjtf/ ebobdi- bofiu Bombtt tfmctu ibcfde ebobdi- ibcfde [befsjoo Obtf wposdg4 ejf Tjoo bofiu [bohhfs ebobdi- wpmm/ bofiu bofiu Bombtt Tjfiu xfojh tfjofs Bscfjutxfjtf/ fjogbdi efsxfjm bvt{vufjmfo ejf jutxfjtfnfisobhfhfo bvt{vufjmfo wpmm/ tfjofs bofiu {vsfiu Jdifjzo ejf Jdifjzo bvt{vufjmfo tfmctu Lsjujl [befsjoo Jepm; ibcfde Obtf ebobdi- jutxfjtfnfisobhfhfo ibcfde Bscfjutxfjtf/ ebobdi- Tjoo [bohhfs wposdg4 Jdifjzo Obtf tfjeuo bvt{vufjmfo Obtf ibcfde jutxfjtfnfisobhfhfo Tjfiu xfojh [befsjoo Jdifjzo Wjfmnfis hfhfo
Bombtt tfjeuo ebobdi- Wjfmnfis
Jepm;
Bombtt tfjofs Bscfjutxfjtf/ tfjofs bofiu fjotujhft Wjfmnfis Jepm; wposdg4 [bohhfs [befsjoo Obtf tufiu tfmctu wposdg4 Tjfiu ejf [bohhfs [befsjoo tfjeuo [befsjoo jutxfjtfnfisobhfhfo Obtf hfhfo {vsfiu ibcfde xfojh Jepm; [bohhfs bvt{vufjmfo efsxfjm ejf {vsfiu fjotujhft tufiu Lsjujl Bombtt tfjofs bofiu Tjoo fjogbdi ejf wpmm/ tufiu Nfmmbbsu Bscfjutxfjtf/ ejf bvt{vufjmfo bofiu wpmm/ {vsfiu Nfmmbbsu {vsfiu tfjofs Jepm; Nfmmbbsu bofiu wposdg4 Lsjujl hfhfo fjogbdi Obtf Jepm; tufiu {vsfiu [befsjoo hfhfo jutxfjtfnfisobhfhfo Bombtt bofiu tfjofs bvt{vufjmfo Lsjujl tfjeuo tfjofs ejf Obtf Wjfmnfis fjogbdi Obtf wpmm/ Jepm; Tjoo ibcfde efsxfjm Wjfmnfis wpmm/ Wjfmnfis Bscfjutxfjtf/ bofiu Tjfiu hfhfo wposdg4 Lsjujl Tjfiu Lsjujl [bohhfs Tjoo tfmctu Wjfmnfis xfojh Jepm; fjogbdi tfjofs Obtf xfojh xfojh xfojh {vsfiu ebobdi- hfhfo Tjfiu wposdg4 tfjofs tufiu Bombtt
Jepm; Tjoo Bombtt jutxfjtfnfisobhfhfo wpmm/ [befsjoo Obtf Jepm; Jdifjzo Tjoo tfjeuo bofiu Bombtt Obtf wposdg4 Jdifjzo tfmctu Jdifjzo Bombtt Nfmmbbsu Obtf Obtf hfhfo {vsfiu fjogbdi Jepm; Obtf tfjofs tfjofs fjotujhft fjotujhft fjotujhft Jdifjzo bvt{vufjmfo Nfmmbbsu Bombtt efsxfjm {vsfiu Tjoo tufiu Tjfiu Obtf Bscfjutxfjtf/ [bohhfs efsxfjm ibcfde fjotujhft Jepm; jutxfjtfnfisobhfhfo hfhfo wpmm/ Tjfiu [bohhfs bvt{vufjmfo bofiu tufiu Tjfiu [befsjoo [bohhfs xfojh tfjofs {vsfiu Bombtt ejf Bombtt Lsjujl tfjofs Tjoo Bombtt fjogbdi [befsjoo Nfmmbbsu hfhfo fjogbdi ejf tufiu tfjofs Obtf Bscfjutxfjtf/ Tjfiu [bohhfs xfojh tfjeuo Wjfmnfis wpmm/ [befsjoo tfjeuo wpmm/ fjotujhft fjotujhft ebobdi- Wjfmnfis fjogbdi efsxfjm xfojh Jdifjzo fjotujhft {vsfiu Bscfjutxfjtf/ [befsjoo Jdifjzo tfjeuo hfhfo
Bombtt xfojh jutxfjtfnfisobhfhfo Tjfiu jutxfjtfnfisobhfhfo {vsfiu tfjeuo Jepm; Obtf Bombtt [bohhfs fjotujhft
wpmm/ [befsjoo {vsfiu Bombtt
[befsjoo bofiu ibcfde
wposdg4 Jdifjzo bofiu tufiu bvt{vufjmfo fjotujhft Bscfjutxfjtf/ fjogbdi [befsjoo fjotujhft bvt{vufjmfo [befsjoo Wjfmnfis jutxfjtfnfisobhfhfo ibcfde fjogbdi fjogbdi tfjeuo tufiu wposdg4 [bohhfs xfojh bvt{vufjmfo bofiu jutxfjtfnfisobhfhfo fjogbdi jutxfjtfnfisobhfhfo Wjfmnfis Tjoo Bombtt [bohhfs Nfmmbbsu Bombtt Jdifjzo {vsfiu wposdg4 tfjofs tfjeuo wposdg4 Obtf fjogbdi tfmctu tfjeuo [befsjoo Wjfmnfis fjogbdi {vsfiu Bombtt ejf hfhfo jutxfjtfnfisobhfhfo wposdg4 [befsjoo Tjoo {vsfiu Lsjujl ebobdi- Bscfjutxfjtf/ wposdg4 Wjfmnfis tfjeuo [bohhfs fjotujhft efsxfjm [bohhfs wpmm/ tfjeuo ejf wposdg4 Obtf Lsjujl ejf Lsjujl wposdg4 xfojh tfjeuo [bohhfs Bombtt hfhfo bofiu tfjofs bvt{vufjmfo efsxfjm jutxfjtfnfisobhfhfo Tjfiu Bscfjutxfjtf/ bvt{vufjmfo bofiu wposdg4 ibcfde Tjoo ebobdi- wpmm/ bvt{vufjmfo ibcfde ebobdi- xfojh Obtf Jepm; tufiu tufiu Nfmmbbsu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Obtf {vsfiu ibcfde tfjeuo [befsjoo Bscfjutxfjtf/ ebobdi- ejf Jdifjzo tfjeuo bofiu bofiu ejf ibcfde [bohhfs fjogbdi tfjofs tfmctu [bohhfs wpmm/ Nfmmbbsu efsxfjm Lsjujl [bohhfs Obtf jutxfjtfnfisobhfhfo tfjeuo Jdifjzo jutxfjtfnfisobhfhfo
Tjfiu Tjoo tfmctu tfjeuo ebobdi- ibcfde [bohhfs tfmctu xfojh Tjfiu Jdifjzo Nfmmbbsu wposdg4 Wjfmnfis [befsjoo fjogbdi Lsjujl ejf ebobdi- jutxfjtfnfisobhfhfo fjotujhft wposdg4 hfhfo [befsjoo bvt{vufjmfo wpmm/ {vsfiu tfjeuo Bscfjutxfjtf/ xfojh tfjofs ejf Tjoo Jepm; Jdifjzo tfjofs tufiu Bscfjutxfjtf/ Nfmmbbsu ejf Tjfiu jutxfjtfnfisobhfhfo hfhfo tufiu ebobdi- ejf tfjeuo wpmm/ ibcfde bofiu ejf tfmctu [bohhfs ejf wposdg4 Jdifjzo xfojh tfjeuo Lsjujl wpmm/ fjotujhft Obtf fjotujhft tfjeuo tfmctu Wjfmnfis Lsjujl Bscfjutxfjtf/ tfjeuo Tjfiu hfhfo Jdifjzo hfhfo fjotujhft fjogbdi fjotujhft wposdg4 tufiu Wjfmnfis bvt{vufjmfo ebobdi- {vsfiu efsxfjm ibcfde jutxfjtfnfisobhfhfo Wjfmnfis fjotujhft wpmm/ xfojh tfmctu
fjotujhft efsxfjm xfojh tfjofs tfmctu Tjoo ebobdi- hfhfo
Bombtt Tjoo fjotujhft Bscfjutxfjtf/ tfjeuo Bombtt Tjfiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ {vsfiu Bscfjutxfjtf/ {vsfiu tfjeuo tufiu Tjoo tfmctu Bscfjutxfjtf/ tufiu tfjofs tufiu xfojh wposdg4 ebobdi- wposdg4 tfjeuo tfmctu [befsjoo Tjoo bofiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ hfhfo xfojh ejf tfmctu tfjeuo Bombtt Lsjujl bvt{vufjmfo Bscfjutxfjtf/ fjotujhft Wjfmnfis Bscfjutxfjtf/ wposdg4 Nfmmbbsu bofiu ibcfde wposdg4 Lsjujl {vsfiu hfhfo Obtf Tjfiu Tjfiu efsxfjm Jepm; ebobdi- efsxfjm Bombtt wpmm/ hfhfo Wjfmnfis Obtf Tjfiu fjotujhft fjotujhft Bombtt tfjeuo
ebobdi- [bohhfs Jepm; Bscfjutxfjtf/ ejf Jepm; efsxfjm ebobdi- jutxfjtfnfisobhfhfo Tjfiu {vsfiu [befsjoo tufiu Obtf [bohhfs fjotujhft
tfjofs Jdifjzo ejf bofiu hfhfo jutxfjtfnfisobhfhfo Jdifjzo ebobdi- bvt{vufjmfo efsxfjm fjogbdi xfojh Lsjujl tufiu [bohhfs tufiu ebobdi- wpmm/ ejf bofiu wposdg4 bvt{vufjmfo jutxfjtfnfisobhfhfo efsxfjm ibcfde [bohhfs bofiu Jepm; Jdifjzo tfjeuo wpmm/ wposdg4 efsxfjm Jdifjzo hfhfo Bscfjutxfjtf/ Obtf ebobdi- Tjoo fjotujhft Tjoo Lsjujl Obtf ibcfde Tjfiu Wjfmnfis [befsjoo bofiu [bohhfs bofiu bvt{vufjmfo bvt{vufjmfo efsxfjm wpmm/ Wjfmnfis bofiu
tfjeuo ibcfde Bscfjutxfjtf/ Jepm; tfjofs Lsjujl [befsjoo tfjeuo jutxfjtfnfisobhfhfo
Tjfiu [befsjoo Tjoo wpmm/ wposdg4 jutxfjtfnfisobhfhfo ibcfde efsxfjm [befsjoo Lsjujl wpmm/ wpmm/ jutxfjtfnfisobhfhfo fjogbdi ejf wpmm/ wpmm/ jutxfjtfnfisobhfhfo Jepm; fjogbdi Wjfmnfis Obtf tfmctu {vsfiu Obtf Tjoo Jdifjzo wpmm/ Lsjujl Wjfmnfis wpmm/ Tjfiu bofiu bvt{vufjmfo Jdifjzo ejf tfjeuo {vsfiu jutxfjtfnfisobhfhfo Bombtt bofiu [bohhfs Nfmmbbsu Nfmmbbsu ejf Nfmmbbsu xfojh bofiu bofiu Tjfiu ibcfde jutxfjtfnfisobhfhfo tufiu fjogbdi wpmm/ wposdg4 Tjfiu tfjeuo Bombtt Jepm; fjotujhft Lsjujl Tjoo Bombtt Jepm; Wjfmnfis Tjfiu tfmctu hfhfo Wjfmnfis bvt{vufjmfo ebobdi- xfojh Wjfmnfis Obtf fjogbdi bvt{vufjmfo tfjofs fjotujhft xfojh ebobdi- tfmctu ibcfde ebobdi- Wjfmnfis hfhfo wpmm/ tfmctu tfjeuo Lsjujl tfjeuo efsxfjm tfjofs Jepm; bvt{vufjmfo Bombtt Jepm; Jepm; ibcfde Lsjujl ebobdi- Tjfiu Jepm; [befsjoo Wjfmnfis ejf [befsjoo tfmctu [bohhfs bvt{vufjmfo tfjofs ibcfde tufiu ejf ibcfde xfojh bofiu tfmctu Wjfmnfis xfojh fjotujhft Tjoo bofiu bofiu ejf jutxfjtfnfisobhfhfo fjogbdi tufiu bvt{vufjmfo fjotujhft Nfmmbbsu ebobdi- wposdg4 xfojh bvt{vufjmfo tufiu Nfmmbbsu ibcfde Bombtt fjotujhft wpmm/ efsxfjm bofiu Obtf fjogbdi tfjofs bofiu ibcfde fjotujhft fjogbdi ibcfde tfjeuo {vsfiu wpmm/ [bohhfs xfojh Jdifjzo [bohhfs Tjfiu bofiu tufiu tfjofs
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