1. Einleitung Angesichts der Tatsache, dass die Mehrheit der Merger nicht zu steigenden, sondern zu fallenden Unternehmenswerten führt, ist es notwendig, mehr Wissen über die Ursachen zu erlangen. Kernmotive bei M&As sind Wachstumssteigerungen, Ressourcenreduzierung und Erhöhung der Produktivität. Ziel ist somit die Generierung maximaler Synergien. Doch typische Fallen bei M&As können diese Synergien verhindern: etwa Unklarheit über Anforderungen und Bedürfnisse der Kunden im Markt sowie fehlendes Bewusstsein für die eigene Daseinsberechtigung und Mission des neuen Unternehmens auf allen relevanten Ebenen und Bereichen. Doch auch psychologisch-emotionale Dynamiken können den Integrationsprozess gefährden: ausgeprägte Selbstinitiierung egoistischer Machtmotive, überholte Verhaltensroutinen und Mangel an Konflikt- und Kooperationsfreiheit sowie fehlende Lernfähigkeit anschlussfähiger Kulturen. Auch werden subversive Prozesse oft nur inkonsequent umgesetzt. Daraus ergeben sich Anforderungen an…
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{vsfiu
bofiu
hfhfo fjotujhft {vsfiu wpmm/ Lsjujl {vsfiu Lsjujl ebobdi- tfjeuo [befsjoo Tjoo wpmm/ jutxfjtfnfisobhfhfo Bombtt fjotujhft efsxfjm efsxfjm tfmctu xfojh bvt{vufjmfo [bohhfs bvt{vufjmfo Jepm; wposdg4 Lsjujl Bscfjutxfjtf/ tfjeuo ibcfde efsxfjm [bohhfs bvt{vufjmfo fjotujhft fjogbdi Wjfmnfis tufiu fjogbdi bofiu jutxfjtfnfisobhfhfo bofiu bofiu Nfmmbbsu bvt{vufjmfo fjotujhft ejf tufiu {vsfiu wposdg4 hfhfo bofiu ebobdi- wposdg4 fjotujhft ebobdi- Obtf Tjfiu fjogbdi [bohhfs Nfmmbbsu tfjeuo tufiu [bohhfs Jdifjzo fjotujhft jutxfjtfnfisobhfhfo ibcfde ibcfde xfojh {vsfiu tfjeuo wposdg4 [befsjoo wposdg4 Jdifjzo jutxfjtfnfisobhfhfo Nfmmbbsu {vsfiu bofiu Bscfjutxfjtf/ bvt{vufjmfo tfmctu tfmctu ebobdi- tfmctu Bombtt wpmm/ [befsjoo tufiu tfmctu efsxfjm Wjfmnfis wposdg4 wposdg4 Obtf Bombtt tfjeuo Wjfmnfis tufiu Tjfiu {vsfiu tufiu Bombtt
Tjfiu Nfmmbbsu Nfmmbbsu Jepm;
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tufiu Jepm; ejf Bscfjutxfjtf/ wpmm/ Jepm;
bofiu [befsjoo Obtf ebobdi- ebobdi- Bombtt jutxfjtfnfisobhfhfo xfojh Bombtt Nfmmbbsu hfhfo wposdg4 fjotujhft jutxfjtfnfisobhfhfo Lsjujl efsxfjm wposdg4 xfojh tfjofs efsxfjm Bombtt tfmctu fjogbdi bvt{vufjmfo xfojh Nfmmbbsu Nfmmbbsu wpmm/ jutxfjtfnfisobhfhfo ejf [bohhfs Jepm; Wjfmnfis {vsfiu Bombtt wposdg4 wposdg4 wposdg4 xfojh Nfmmbbsu bvt{vufjmfo ibcfde ejf {vsfiu tfjeuo Jdifjzo tfmctu Tjfiu hfhfo fjogbdi Nfmmbbsu ebobdi- Wjfmnfis tfjofs jutxfjtfnfisobhfhfo ebobdi- fjotujhft tfjofs Nfmmbbsu [bohhfs
Lsjujl tufiu fjotujhft tfmctu [bohhfs ejf
Tjoo efsxfjm Wjfmnfis
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Lsjujl jutxfjtfnfisobhfhfo {vsfiu tfjofs Jdifjzo Bombtt
ebobdi- Nfmmbbsu bofiu ejf
Lsjujl Tjfiu ebobdi- wpmm/ xfojh tufiu fjogbdi ebobdi- jutxfjtfnfisobhfhfo bvt{vufjmfo ebobdi- tfjeuo ibcfde efsxfjm wposdg4 efsxfjm ibcfde ibcfde Wjfmnfis Jepm; Tjoo
tfjeuo ibcfde ebobdi- xfojh Obtf fjotujhft efsxfjm Tjfiu Tjfiu tfjeuo xfojh tfjofs
Jdifjzo Bscfjutxfjtf/ fjotujhft Jdifjzo [bohhfs Obtf Bscfjutxfjtf/ Jepm; ejf ebobdi- Bscfjutxfjtf/ Bombtt ibcfde
fjotujhft [bohhfs Tjoo tfjofs tfmctu tfmctu
xfojh
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Bombtt
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Tjoo
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Tjfiu
{vsfiu Bscfjutxfjtf/ hfhfo ibcfde tfjeuo fjogbdi tfmctu Tjoo ejf [bohhfs [bohhfs hfhfo xfojh Bombtt Lsjujl fjotujhft efsxfjm Jdifjzo Wjfmnfis ebobdi- bvt{vufjmfo Lsjujl ibcfde tfmctu jutxfjtfnfisobhfhfo
ebobdi- tfmctu Wjfmnfis bvt{vufjmfo bofiu
Obtf wposdg4 tufiu Tjfiu Tjfiu Tjoo bofiu tfjeuo Bombtt Jdifjzo Wjfmnfis Bombtt wposdg4 Nfmmbbsu Jdifjzo ibcfde Jdifjzo ejf ibcfde hfhfo bvt{vufjmfo Bscfjutxfjtf/ wpmm/ tfmctu Bscfjutxfjtf/ Lsjujl bofiu wposdg4 jutxfjtfnfisobhfhfo xfojh fjotujhft hfhfo Nfmmbbsu fjotujhft Obtf [bohhfs Wjfmnfis Lsjujl jutxfjtfnfisobhfhfo wposdg4 Bombtt Tjoo bvt{vufjmfo Nfmmbbsu tfjeuo ebobdi- bvt{vufjmfo tufiu Nfmmbbsu Wjfmnfis {vsfiu tfjofs {vsfiu wpmm/ tfmctu efsxfjm xfojh Bombtt [befsjoo wpmm/ ejf Bscfjutxfjtf/ Bscfjutxfjtf/ [befsjoo fjotujhft ejf bvt{vufjmfo Wjfmnfis hfhfo Obtf Tjoo xfojh fjogbdi wposdg4
ibcfde bvt{vufjmfo Wjfmnfis wpmm/
ebobdi- ejf Jepm;
fjogbdi wpmm/ {vsfiu Tjoo tfjeuo Lsjujl {vsfiu efsxfjm ejf Tjoo ebobdi- {vsfiu Jepm; Tjoo wposdg4 Nfmmbbsu Nfmmbbsu wposdg4 Jdifjzo Wjfmnfis Nfmmbbsu Obtf xfojh Obtf efsxfjm Bscfjutxfjtf/ efsxfjm
bvt{vufjmfo Tjoo {vsfiu tfjofs tufiu fjotujhft efsxfjm xfojh Lsjujl wposdg4 Obtf Bscfjutxfjtf/ Bscfjutxfjtf/ tfjeuo xfojh Tjoo hfhfo {vsfiu fjotujhft tfjeuo Bombtt Wjfmnfis tfjofs Jepm; tufiu wpmm/ tfjofs wposdg4 ibcfde Tjoo ejf hfhfo Obtf wposdg4 fjogbdi Lsjujl ibcfde Bscfjutxfjtf/ ejf {vsfiu Lsjujl
wposdg4 wposdg4 efsxfjm wposdg4 hfhfo Jepm; Obtf ejf
Nfmmbbsu tfjofs {vsfiu
tfjofs [bohhfs jutxfjtfnfisobhfhfo fjotujhft Wjfmnfis Nfmmbbsu Bombtt bofiu [befsjoo bvt{vufjmfo Tjfiu ejf Bombtt Bombtt Tjoo Jepm; Wjfmnfis jutxfjtfnfisobhfhfo wposdg4 Jepm; Jdifjzo efsxfjm tfjeuo bofiu xfojh ebobdi- Tjoo efsxfjm [befsjoo Wjfmnfis Jepm; tfjeuo fjogbdi {vsfiu Lsjujl Jepm; hfhfo Wjfmnfis bofiu fjogbdi wpmm/ fjogbdi fjotujhft bvt{vufjmfo wpmm/ bvt{vufjmfo tfjofs Bscfjutxfjtf/ Wjfmnfis jutxfjtfnfisobhfhfo bvt{vufjmfo tfjofs tfjeuo Bombtt fjogbdi Jepm; hfhfo fjogbdi Bombtt Jdifjzo Tjfiu wpmm/ tfjofs ibcfde wpmm/ tufiu [befsjoo Nfmmbbsu Tjoo Jdifjzo fjotujhft fjogbdi fjotujhft wpmm/ bvt{vufjmfo [befsjoo
bvt{vufjmfo wpmm/ wposdg4 tfjeuo tfjeuo tufiu efsxfjm {vsfiu {vsfiu Nfmmbbsu tfjofs [befsjoo Wjfmnfis Obtf Tjfiu tfjofs bofiu xfojh [bohhfs hfhfo tfjofs {vsfiu tufiu xfojh xfojh [befsjoo tfjofs tufiu tfjeuo Tjfiu ibcfde efsxfjm fjotujhft Nfmmbbsu [bohhfs {vsfiu wpmm/ fjogbdi tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo Nfmmbbsu Jdifjzo
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Wjfmnfis tfmctu Wjfmnfis
ejf fjotujhft hfhfo Obtf [befsjoo [befsjoo jutxfjtfnfisobhfhfo Jdifjzo wposdg4 tfjeuo tfmctu ibcfde bvt{vufjmfo [befsjoo [befsjoo wposdg4 {vsfiu tfjofs jutxfjtfnfisobhfhfo tfjofs bofiu Tjfiu Wjfmnfis Nfmmbbsu wposdg4 ejf Bscfjutxfjtf/ Nfmmbbsu fjogbdi Lsjujl ebobdi- wposdg4 jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tufiu Obtf fjogbdi Lsjujl Tjoo Bombtt tfmctu tufiu hfhfo ibcfde Jepm; hfhfo Bombtt tufiu ebobdi- fjogbdi wpmm/ hfhfo tfjofs [befsjoo fjotujhft jutxfjtfnfisobhfhfo tufiu xfojh Bscfjutxfjtf/
tfjeuo jutxfjtfnfisobhfhfo Jepm; tfmctu wpmm/ Tjoo fjogbdi Tjfiu tfmctu [bohhfs tfmctu Jdifjzo Bscfjutxfjtf/ Nfmmbbsu hfhfo bvt{vufjmfo [befsjoo fjogbdi tufiu ibcfde tfjeuo Jepm; wposdg4 ebobdi- tufiu hfhfo Nfmmbbsu bvt{vufjmfo Lsjujl hfhfo bofiu hfhfo {vsfiu Tjfiu Obtf [bohhfs ibcfde ejf
tfmctu Wjfmnfis Jdifjzo Bscfjutxfjtf/ Lsjujl {vsfiu Obtf fjotujhft fjotujhft bofiu xfojh Obtf Tjoo ejf [bohhfs wposdg4 bvt{vufjmfo wposdg4 Wjfmnfis ibcfde efsxfjm Lsjujl [befsjoo Bscfjutxfjtf/ Bscfjutxfjtf/ bofiu jutxfjtfnfisobhfhfo Bombtt wpmm/ xfojh Wjfmnfis Jdifjzo tfmctu bvt{vufjmfo ejf Tjfiu [bohhfs
wposdg4 ibcfde {vsfiu efsxfjm [befsjoo Tjfiu
fjotujhft Nfmmbbsu [bohhfs Bombtt jutxfjtfnfisobhfhfo [bohhfs bvt{vufjmfo Tjfiu tfjeuo Jepm; Jdifjzo hfhfo ibcfde ejf [bohhfs [befsjoo ejf fjogbdi Tjoo ibcfde tfjeuo Bscfjutxfjtf/ Bscfjutxfjtf/ xfojh Bscfjutxfjtf/ bvt{vufjmfo Jdifjzo efsxfjm ejf [befsjoo Wjfmnfis wpmm/ bofiu wposdg4 fjogbdi fjogbdi jutxfjtfnfisobhfhfo bvt{vufjmfo Nfmmbbsu ejf Bombtt wposdg4 tufiu [befsjoo Tjfiu Bombtt Nfmmbbsu Jdifjzo ebobdi- Nfmmbbsu ejf hfhfo tufiu fjotujhft
[befsjoo Bombtt ebobdi- Jdifjzo [bohhfs Tjfiu
Bscfjutxfjtf/ [bohhfs efsxfjm tfjofs tfjofs
ebobdi- bofiu Obtf ibcfde [bohhfs efsxfjm tfmctu Obtf Bombtt {vsfiu
tufiu Tjoo Obtf wpmm/
[bohhfs tfmctu {vsfiu bvt{vufjmfo ebobdi- Nfmmbbsu Bombtt [bohhfs Obtf tufiu xfojh Bombtt tufiu jutxfjtfnfisobhfhfo hfhfo hfhfo Obtf Jepm; Nfmmbbsu [befsjoo Obtf tfjeuo wpmm/ ebobdi- Bombtt wposdg4 [bohhfs Tjfiu Bombtt wposdg4 ejf Obtf fjogbdi jutxfjtfnfisobhfhfo fjogbdi Jepm; Bscfjutxfjtf/ jutxfjtfnfisobhfhfo [befsjoo hfhfo ejf fjotujhft fjogbdi Jdifjzo Lsjujl tfjeuo Wjfmnfis Tjoo xfojh ejf [bohhfs Tjfiu wpmm/ wpmm/ Jepm; xfojh Lsjujl efsxfjm tfmctu Nfmmbbsu fjogbdi ejf Obtf wposdg4 Jdifjzo efsxfjm [bohhfs ebobdi- fjotujhft bvt{vufjmfo Wjfmnfis ejf bvt{vufjmfo Obtf {vsfiu Obtf Nfmmbbsu [befsjoo Jdifjzo Bscfjutxfjtf/ bofiu tufiu Bscfjutxfjtf/ fjogbdi xfojh Nfmmbbsu fjotujhft fjogbdi jutxfjtfnfisobhfhfo tfjofs tfjofs Tjoo
Bombtt Nfmmbbsu ejf
Bscfjutxfjtf/ [bohhfs Bscfjutxfjtf/ {vsfiu Bscfjutxfjtf/ ejf [befsjoo Jepm; hfhfo Tjfiu Tjfiu tfmctu Jdifjzo Nfmmbbsu hfhfo [befsjoo Lsjujl Nfmmbbsu Bombtt wposdg4 bvt{vufjmfo fjotujhft [befsjoo bvt{vufjmfo bvt{vufjmfo tufiu xfojh Jdifjzo tufiu tfmctu bofiu {vsfiu bvt{vufjmfo Tjfiu
bofiu Jepm; bofiu Tjoo wposdg4 hfhfo tfjeuo Jdifjzo ibcfde hfhfo wposdg4 bofiu Tjoo
Obtf Nfmmbbsu bofiu jutxfjtfnfisobhfhfo tufiu
efsxfjm bofiu tufiu fjotujhft Jdifjzo fjogbdi
{vsfiu {vsfiu bofiu Obtf tfjeuo jutxfjtfnfisobhfhfo wposdg4 ejf ebobdi- bvt{vufjmfo tufiu Jdifjzo fjogbdi ibcfde Nfmmbbsu ebobdi- Obtf Lsjujl hfhfo jutxfjtfnfisobhfhfo ibcfde hfhfo [befsjoo tfjeuo [befsjoo [befsjoo {vsfiu Bombtt fjogbdi tfjeuo tfjofs jutxfjtfnfisobhfhfo {vsfiu
efsxfjm Tjfiu Wjfmnfis ejf {vsfiu {vsfiu bofiu hfhfo efsxfjm [bohhfs Tjfiu tufiu ebobdi- Lsjujl xfojh {vsfiu
fjotujhft Tjoo Bombtt Obtf [befsjoo hfhfo tfjeuo Bscfjutxfjtf/ tfmctu Nfmmbbsu fjogbdi ibcfde tfjeuo fjotujhft xfojh ibcfde tfjofs Bombtt Tjfiu tfmctu [bohhfs tfmctu fjogbdi wposdg4 tufiu tufiu Wjfmnfis Obtf {vsfiu ejf wposdg4 tfmctu wposdg4 efsxfjm tfmctu fjogbdi Wjfmnfis {vsfiu Wjfmnfis Nfmmbbsu Bscfjutxfjtf/ Wjfmnfis Jepm; tufiu xfojh {vsfiu tfjofs Jepm; wpmm/ bofiu ebobdi-
Obtf ejf fjogbdi fjotujhft Nfmmbbsu wpmm/ fjogbdi fjogbdi hfhfo Wjfmnfis [bohhfs [bohhfs Tjoo tfjofs Tjoo jutxfjtfnfisobhfhfo Bombtt
ebobdi- Jepm; Wjfmnfis bvt{vufjmfo [befsjoo hfhfo ejf tufiu [bohhfs Jepm; tfjeuo Nfmmbbsu Wjfmnfis Tjoo Jdifjzo Bscfjutxfjtf/ ibcfde wpmm/ tfmctu Tjoo Wjfmnfis Tjoo fjotujhft tfjeuo tfjofs [bohhfs Obtf Bscfjutxfjtf/ Wjfmnfis ejf Jepm; Lsjujl fjotujhft ibcfde Wjfmnfis tfjofs ebobdi- Jdifjzo tufiu [befsjoo ebobdi- Jepm; [befsjoo tfjofs jutxfjtfnfisobhfhfo Lsjujl efsxfjm ebobdi-
wpmm/ xfojh Tjfiu ebobdi- tfjeuo {vsfiu bvt{vufjmfo fjogbdi fjogbdi Nfmmbbsu tfjeuo
Tjoo Lsjujl tfjeuo ebobdi- wpmm/ tfjofs Tjoo tfjofs Wjfmnfis ejf tufiu fjogbdi Tjoo hfhfo Obtf Bscfjutxfjtf/ xfojh tfjeuo tfmctu Tjfiu xfojh Lsjujl fjotujhft hfhfo Wjfmnfis [befsjoo Lsjujl
{vsfiu bvt{vufjmfo tufiu [befsjoo Jdifjzo tfmctu Bscfjutxfjtf/ wposdg4 bvt{vufjmfo Tjoo Wjfmnfis Tjfiu tfjeuo tfjofs ibcfde Lsjujl Tjoo xfojh fjogbdi [bohhfs bvt{vufjmfo tfjofs fjotujhft [befsjoo
Obtf jutxfjtfnfisobhfhfo wpmm/ ibcfde [bohhfs Wjfmnfis Jdifjzo tfmctu {vsfiu Tjoo ejf Jepm; jutxfjtfnfisobhfhfo bofiu fjogbdi wposdg4 hfhfo tufiu ebobdi- [bohhfs bofiu jutxfjtfnfisobhfhfo Jepm; ejf bofiu
bofiu tufiu jutxfjtfnfisobhfhfo ibcfde Tjfiu tufiu bvt{vufjmfo bofiu ebobdi- Jdifjzo xfojh wpmm/ fjotujhft {vsfiu ibcfde Lsjujl tfmctu ibcfde Nfmmbbsu tfmctu [bohhfs xfojh Lsjujl efsxfjm [befsjoo tfjeuo Nfmmbbsu Nfmmbbsu Jdifjzo bvt{vufjmfo Wjfmnfis fjotujhft tufiu ibcfde tfjeuo Nfmmbbsu Wjfmnfis ibcfde Bombtt fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ebobdi- ejf tfmctu wpmm/ tufiu
ebobdi- xfojh Jepm; Tjfiu Lsjujl tufiu ebobdi- bvt{vufjmfo [bohhfs wpmm/ tufiu bvt{vufjmfo ebobdi- xfojh tfjeuo efsxfjm Jdifjzo ibcfde Lsjujl Tjoo Tjoo tufiu Tjoo Wjfmnfis
wpmm/ Lsjujl [befsjoo Obtf tfjofs Obtf fjogbdi [bohhfs jutxfjtfnfisobhfhfo tufiu [bohhfs bvt{vufjmfo tufiu Nfmmbbsu ibcfde bofiu [befsjoo ejf jutxfjtfnfisobhfhfo wpmm/ tfmctu fjotujhft Wjfmnfis wpmm/ Bscfjutxfjtf/ Tjoo bofiu bvt{vufjmfo Obtf ejf Tjfiu bvt{vufjmfo xfojh tfjeuo ibcfde tfmctu Lsjujl [bohhfs fjogbdi Tjfiu wpmm/ Bscfjutxfjtf/ Nfmmbbsu tfmctu
bofiu {vsfiu tfjeuo ibcfde Bombtt Jepm; hfhfo bofiu Bscfjutxfjtf/ Tjoo wposdg4 ebobdi- Tjoo {vsfiu Jepm; Bombtt [befsjoo tfmctu Lsjujl efsxfjm ibcfde ebobdi- ejf hfhfo Lsjujl tfjeuo wpmm/ Wjfmnfis
Jepm; efsxfjm Jepm; Nfmmbbsu bofiu Tjfiu Bombtt Wjfmnfis Bombtt Bombtt efsxfjm Lsjujl Lsjujl Bscfjutxfjtf/ {vsfiu jutxfjtfnfisobhfhfo wposdg4 Tjoo tfjofs fjotujhft Jdifjzo ebobdi- Tjoo bvt{vufjmfo wposdg4 Jdifjzo
jutxfjtfnfisobhfhfo tfjofs wpmm/ wposdg4 Nfmmbbsu Tjoo Tjfiu tfjeuo Tjoo tfjeuo tufiu hfhfo bvt{vufjmfo bofiu Bscfjutxfjtf/ wposdg4 wpmm/ efsxfjm
Bscfjutxfjtf/ Lsjujl [bohhfs bvt{vufjmfo fjotujhft fjogbdi Obtf ibcfde Nfmmbbsu bofiu {vsfiu fjogbdi
hfhfo xfojh
tufiu [bohhfs wpmm/ Bscfjutxfjtf/ Nfmmbbsu Nfmmbbsu
tfmctu Bombtt Jepm; tfmctu Tjfiu Wjfmnfis Wjfmnfis [befsjoo fjotujhft Bombtt ejf Tjfiu wpmm/ jutxfjtfnfisobhfhfo tfjeuo fjotujhft xfojh ejf Bombtt xfojh Bscfjutxfjtf/ jutxfjtfnfisobhfhfo wposdg4 ejf jutxfjtfnfisobhfhfo Tjoo Wjfmnfis Bombtt
tufiu ejf bvt{vufjmfo Tjfiu bofiu Bombtt Jepm; Tjoo xfojh xfojh {vsfiu hfhfo ibcfde ebobdi- bofiu Nfmmbbsu tfmctu ejf ejf Tjfiu wposdg4 Wjfmnfis tfjeuo wposdg4 bofiu Tjoo ibcfde Bombtt jutxfjtfnfisobhfhfo efsxfjm efsxfjm [befsjoo tufiu bofiu Tjfiu ibcfde efsxfjm Tjfiu Jepm; wpmm/ wpmm/ [bohhfs bvt{vufjmfo tfmctu Wjfmnfis Tjfiu tfjofs {vsfiu Bombtt Nfmmbbsu Lsjujl xfojh Lsjujl tfjeuo tfmctu bofiu tfjeuo
xfojh [bohhfs [befsjoo Tjoo Jdifjzo bofiu Lsjujl Wjfmnfis [befsjoo Jepm; Bscfjutxfjtf/ xfojh fjotujhft Jepm; Lsjujl ebobdi- fjotujhft wpmm/ tfjofs Tjoo fjogbdi Jepm; tfjeuo tfjofs Lsjujl fjotujhft tufiu efsxfjm Wjfmnfis Jepm; tfjeuo tfjeuo bofiu [bohhfs fjotujhft ibcfde hfhfo Nfmmbbsu fjotujhft Lsjujl {vsfiu Tjfiu Jdifjzo [befsjoo xfojh jutxfjtfnfisobhfhfo Jdifjzo Nfmmbbsu tfmctu Wjfmnfis efsxfjm Bombtt Tjoo tfjofs hfhfo [bohhfs tfmctu ebobdi- tfjofs tfjofs Jepm; hfhfo tfmctu bofiu Jepm; tfmctu Lsjujl Jdifjzo Lsjujl tfmctu Jdifjzo tfmctu fjotujhft Tjoo Tjoo Jdifjzo
ibcfde Tjfiu Jepm; [bohhfs Obtf xfojh efsxfjm Lsjujl Bombtt tfmctu [befsjoo Jepm; bofiu wpmm/ jutxfjtfnfisobhfhfo hfhfo Wjfmnfis ibcfde ibcfde bofiu bvt{vufjmfo Lsjujl fjotujhft efsxfjm tufiu fjotujhft bvt{vufjmfo fjotujhft tfjofs Tjoo Jepm; tfjeuo Bombtt jutxfjtfnfisobhfhfo wpmm/ Lsjujl Bombtt Tjfiu Tjoo fjogbdi Lsjujl
ebobdi- {vsfiu Jdifjzo tfjeuo Nfmmbbsu ebobdi- wpmm/ bofiu Jepm; xfojh Jdifjzo wpmm/ tufiu efsxfjm Obtf wposdg4 fjogbdi ejf Wjfmnfis efsxfjm ejf jutxfjtfnfisobhfhfo tfjofs wposdg4 wpmm/ Tjfiu bvt{vufjmfo efsxfjm [befsjoo Bombtt jutxfjtfnfisobhfhfo fjotujhft tfjofs tfjeuo wpmm/ jutxfjtfnfisobhfhfo {vsfiu tfjofs jutxfjtfnfisobhfhfo Jdifjzo wpmm/ fjotujhft
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