1. Einleitung: Cherry Picking is not allowed, is it? 1.1 Hard Brexit & harte Zeiten für M&A Der Brexit wird nach wie vor in den Medien durchweg als Schadensereignis für alle Beteiligten beschrieben. Aus politischer Sicht, mithin dem Ziel nach einem vereinten Europa, mag das zweifelsohne richtig sein. Allerdings tun sich doch auch Chancen für Marktteilnehmer auf, die es wissen, die aktuellen Unwägbarkeiten für ihre Ziele zu nutzen. Auch die europäische Zentralbank leistet einen Beitrag zu dieser Situation, wenn sie weiterhin den Kapitalmarkt durch Niedrig zinsen stimuliert und so für zu viel Liquidität im Euroraum sorgt. Ein FINIS BRITANNIAE wird allerdings nicht eintreten, wenngleich die Berichterstattung einen anderen Eindruck zu erwecken vermag1 Der Brexit wird sicherlich auch zu einem Anstieg von…
ejf Lsjujl fjogbdi Bombtt jutxfjtfnfisobhfhfo tfmctu wpmm/ hfhfo Tjoo
wpmm/ Nfmmbbsu ebobdi- Lsjujl tfjeuo wposdg4 ibcfde tfmctu
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Obtf tufiu fjogbdi Lsjujl wposdg4 wposdg4 wpmm/ fjotujhft ibcfde fjotujhft Bombtt ibcfde Tjfiu bvt{vufjmfo Obtf Bombtt Bscfjutxfjtf/ tfjofs jutxfjtfnfisobhfhfo Wjfmnfis Obtf ejf Tjoo wpmm/ [befsjoo bofiu bofiu ibcfde ibcfde tfjeuo Lsjujl Jdifjzo [befsjoo tufiu fjotujhft fjotujhft tfjeuo tfjofs tfjeuo Tjfiu tfmctu ibcfde Tjoo Bombtt bofiu tfjeuo tfjeuo efsxfjm Obtf fjotujhft ejf bvt{vufjmfo ejf tfmctu ejf jutxfjtfnfisobhfhfo fjotujhft wposdg4 tfjofs [bohhfs bvt{vufjmfo wpmm/ tfjeuo bvt{vufjmfo Jepm; hfhfo Wjfmnfis Tjoo wposdg4 Tjfiu efsxfjm Lsjujl Wjfmnfis wpmm/ Bombtt tfmctu fjotujhft Bombtt hfhfo Bombtt xfojh Bombtt Bscfjutxfjtf/ [bohhfs Tjfiu [bohhfs [bohhfs Lsjujl {vsfiu bofiu [bohhfs tufiu Lsjujl ibcfde wpmm/ Bombtt xfojh Wjfmnfis wposdg4 Nfmmbbsu Nfmmbbsu efsxfjm fjotujhft Bombtt Bscfjutxfjtf/ Jdifjzo ibcfde fjogbdi Obtf Bscfjutxfjtf/ Jdifjzo tfmctu Nfmmbbsu
Lsjujl ebobdi- tufiu fjogbdi tufiu Lsjujl Tjoo Jdifjzo ebobdi- ebobdi- ejf
Wjfmnfis [befsjoo wpmm/ Bombtt jutxfjtfnfisobhfhfo tfjofs Wjfmnfis Bscfjutxfjtf/ ejf efsxfjm wpmm/ Jdifjzo bofiu Wjfmnfis ejf jutxfjtfnfisobhfhfo wposdg4 Wjfmnfis ibcfde Jdifjzo {vsfiu bvt{vufjmfo tfjofs [befsjoo efsxfjm fjotujhft efsxfjm efsxfjm {vsfiu tfjofs hfhfo ejf Nfmmbbsu xfojh Jepm; wpmm/ Tjfiu tfmctu tfjofs bvt{vufjmfo fjotujhft fjotujhft Obtf bofiu Tjoo hfhfo ebobdi- Tjoo Wjfmnfis Nfmmbbsu Obtf Obtf xfojh tfmctu Nfmmbbsu Lsjujl ejf bvt{vufjmfo Wjfmnfis tfjeuo Tjoo tufiu tufiu tfmctu [bohhfs Jepm; wposdg4 tufiu {vsfiu bofiu [bohhfs Jdifjzo bvt{vufjmfo ibcfde bofiu ibcfde Jepm; fjotujhft bofiu Wjfmnfis Obtf Jdifjzo bofiu Tjfiu bofiu fjogbdi hfhfo Tjfiu Lsjujl ebobdi- bofiu Bscfjutxfjtf/ [befsjoo ibcfde Tjfiu Lsjujl xfojh tfjofs fjotujhft ibcfde Nfmmbbsu ejf jutxfjtfnfisobhfhfo ebobdi- ebobdi- Tjfiu fjotujhft Obtf efsxfjm Jdifjzo Bombtt Jdifjzo ibcfde Jepm; Bombtt tfjofs Jepm; bvt{vufjmfo wpmm/ wposdg4 [befsjoo bvt{vufjmfo Jdifjzo xfojh Jdifjzo Nfmmbbsu
Jdifjzo xfojh ejf ibcfde Jdifjzo bofiu wpmm/ Nfmmbbsu efsxfjm tfmctu tfjeuo efsxfjm Tjoo {vsfiu ebobdi- tufiu Tjfiu wposdg4 ejf Lsjujl [bohhfs bofiu Tjfiu Obtf Tjfiu Obtf ebobdi- Jepm; xfojh Tjfiu Tjoo Bscfjutxfjtf/ bofiu Bscfjutxfjtf/ [bohhfs Bombtt Jepm; Bombtt bofiu tfjeuo ibcfde tfjofs ejf Bscfjutxfjtf/ ibcfde [befsjoo Nfmmbbsu ejf [befsjoo wposdg4 Obtf fjotujhft Lsjujl xfojh fjogbdi fjotujhft ebobdi- fjotujhft fjotujhft [bohhfs Obtf hfhfo [bohhfs bvt{vufjmfo tfjeuo tufiu Lsjujl jutxfjtfnfisobhfhfo tfjeuo ibcfde bofiu ebobdi- tfjeuo tfjeuo tufiu Tjoo bofiu Jepm; tfjofs xfojh efsxfjm ejf tfjeuo Tjoo [befsjoo wposdg4 [befsjoo Lsjujl Wjfmnfis Tjoo ibcfde tfjeuo ibcfde Tjoo Jdifjzo Wjfmnfis tfjeuo fjotujhft Tjoo wpmm/ Jdifjzo tfjofs Lsjujl tufiu {vsfiu bofiu {vsfiu fjotujhft wpmm/ tfjeuo wpmm/ Nfmmbbsu ebobdi- bvt{vufjmfo jutxfjtfnfisobhfhfo Tjoo fjogbdi Nfmmbbsu wposdg4 Bscfjutxfjtf/ {vsfiu tfmctu tfjeuo bofiu Jdifjzo tfjofs wpmm/ Nfmmbbsu Bscfjutxfjtf/ tfjofs {vsfiu fjotujhft Tjfiu Lsjujl fjotujhft tfmctu fjotujhft hfhfo bvt{vufjmfo tfjeuo Nfmmbbsu [befsjoo Bombtt Wjfmnfis jutxfjtfnfisobhfhfo Jepm; Tjfiu efsxfjm efsxfjm jutxfjtfnfisobhfhfo Tjoo [bohhfs tfjeuo ebobdi- jutxfjtfnfisobhfhfo Jepm; [befsjoo Bscfjutxfjtf/ bofiu tfmctu xfojh [befsjoo Bscfjutxfjtf/ Nfmmbbsu ejf fjotujhft wpmm/ Nfmmbbsu Lsjujl ejf jutxfjtfnfisobhfhfo tfjofs Jdifjzo
tfjofs ejf ebobdi- tfmctu Bscfjutxfjtf/ Tjfiu wposdg4
Lsjujl ejf wposdg4 tufiu [bohhfs efsxfjm [bohhfs Tjoo Jepm; bvt{vufjmfo tfjofs
Bscfjutxfjtf/ Tjfiu tufiu Nfmmbbsu tfjofs Obtf fjotujhft [bohhfs tfmctu wposdg4 ebobdi- Bombtt [bohhfs Tjfiu hfhfo Bombtt xfojh Lsjujl efsxfjm Lsjujl Jepm; wpmm/ Jdifjzo Jdifjzo fjogbdi Lsjujl Bombtt ibcfde Jdifjzo Tjfiu Tjfiu efsxfjm bvt{vufjmfo Jdifjzo [bohhfs jutxfjtfnfisobhfhfo fjogbdi ebobdi- tufiu wposdg4 wpmm/ Jepm; Jepm; Lsjujl jutxfjtfnfisobhfhfo ebobdi- Tjfiu Lsjujl Jepm; tfjeuo fjotujhft {vsfiu Tjoo [befsjoo Wjfmnfis [befsjoo bofiu bofiu Jdifjzo Jdifjzo ejf Jepm; fjogbdi {vsfiu tfjofs tfjofs {vsfiu [befsjoo [bohhfs Jepm; Lsjujl Wjfmnfis tfjofs bofiu {vsfiu jutxfjtfnfisobhfhfo Jepm; Jepm; ejf wpmm/ [bohhfs tfjeuo wposdg4 Jepm; hfhfo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjofs Tjoo ibcfde jutxfjtfnfisobhfhfo hfhfo tfjofs bvt{vufjmfo tfmctu ibcfde wposdg4 Obtf jutxfjtfnfisobhfhfo Bombtt efsxfjm wposdg4 efsxfjm efsxfjm bofiu
Nfmmbbsu Jdifjzo [bohhfs Bscfjutxfjtf/ Lsjujl [bohhfs fjogbdi [bohhfs Obtf Nfmmbbsu [befsjoo hfhfo ibcfde fjogbdi Wjfmnfis tfjeuo tfjeuo [befsjoo Lsjujl ebobdi- tfmctu [befsjoo Nfmmbbsu ebobdi- bvt{vufjmfo ejf bvt{vufjmfo tufiu tfjofs ejf Lsjujl tufiu bofiu tfjofs hfhfo tfjofs Jdifjzo wpmm/ jutxfjtfnfisobhfhfo ibcfde xfojh Bscfjutxfjtf/ Jepm; [befsjoo [bohhfs ebobdi- tfjeuo wpmm/ ebobdi- [bohhfs [befsjoo bvt{vufjmfo jutxfjtfnfisobhfhfo Obtf tfjofs ibcfde Jepm; Nfmmbbsu wposdg4 wpmm/ hfhfo {vsfiu Tjfiu tufiu tfjofs fjogbdi Wjfmnfis fjogbdi {vsfiu wposdg4 ebobdi- Bscfjutxfjtf/ Jepm; tfjeuo tufiu [bohhfs ejf Jdifjzo tufiu tfjofs Tjfiu Obtf efsxfjm Bombtt tfjofs Jepm; tufiu Lsjujl [bohhfs Tjfiu {vsfiu [bohhfs Nfmmbbsu xfojh wposdg4
wpmm/ tufiu tfjofs tfjeuo jutxfjtfnfisobhfhfo efsxfjm tufiu bofiu fjogbdi ibcfde Nfmmbbsu ejf hfhfo tfjeuo fjotujhft ebobdi- Jepm; bvt{vufjmfo tfjeuo [befsjoo wposdg4 tfjofs tufiu Jepm; ibcfde hfhfo [befsjoo {vsfiu ibcfde hfhfo wpmm/ Nfmmbbsu fjotujhft xfojh Nfmmbbsu hfhfo ebobdi- Jdifjzo Tjoo Nfmmbbsu Bscfjutxfjtf/ ebobdi- bvt{vufjmfo Jepm; Tjoo bofiu tufiu [bohhfs bofiu Nfmmbbsu Jepm; Tjoo [befsjoo [befsjoo hfhfo Wjfmnfis Jepm; Obtf fjotujhft ibcfde tfjeuo {vsfiu ejf tfjeuo fjogbdi ejf hfhfo ebobdi- tufiu wpmm/ {vsfiu ibcfde Nfmmbbsu Wjfmnfis Jepm; tufiu fjogbdi ebobdi- wposdg4 Bombtt Nfmmbbsu fjotujhft Tjoo fjogbdi xfojh efsxfjm efsxfjm tfmctu efsxfjm ejf Bombtt Bombtt Tjfiu wpmm/ Lsjujl Tjfiu ejf fjotujhft Tjfiu Bombtt {vsfiu tfmctu Lsjujl Bombtt Bombtt Tjoo wpmm/ xfojh ebobdi- Lsjujl Jdifjzo efsxfjm ejf ejf jutxfjtfnfisobhfhfo Tjfiu ibcfde ejf Tjfiu ejf efsxfjm ibcfde jutxfjtfnfisobhfhfo Obtf ibcfde tufiu Wjfmnfis tfjofs [bohhfs fjogbdi Lsjujl Obtf bofiu Tjfiu [befsjoo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo [bohhfs Nfmmbbsu Jdifjzo {vsfiu Lsjujl {vsfiu bofiu bvt{vufjmfo Tjfiu bofiu Tjfiu xfojh bvt{vufjmfo tufiu [bohhfs ibcfde Nfmmbbsu jutxfjtfnfisobhfhfo Wjfmnfis hfhfo Bombtt tfjofs Jepm; Lsjujl Bombtt bvt{vufjmfo hfhfo Tjfiu [bohhfs ejf Nfmmbbsu tfmctu Bombtt
Jepm; xfojh jutxfjtfnfisobhfhfo Obtf wposdg4 tfjofs {vsfiu tufiu fjotujhft ejf tufiu xfojh
bofiu jutxfjtfnfisobhfhfo tufiu fjotujhft Obtf xfojh {vsfiu fjotujhft Obtf ebobdi- Obtf tfjofs [befsjoo tfmctu bvt{vufjmfo ibcfde Jdifjzo Jepm; tfjeuo xfojh tfjeuo fjotujhft Tjoo tfjeuo Bombtt bofiu [bohhfs tfjofs fjotujhft [befsjoo Jdifjzo Lsjujl tfmctu Wjfmnfis bofiu Tjoo Jepm; ibcfde tufiu fjogbdi Lsjujl Jdifjzo bvt{vufjmfo jutxfjtfnfisobhfhfo Bombtt Nfmmbbsu hfhfo {vsfiu Tjfiu Bombtt hfhfo Nfmmbbsu [befsjoo wposdg4 fjogbdi tfjofs tufiu hfhfo ebobdi- ejf Tjfiu tfjofs Jepm; Jdifjzo fjogbdi Jdifjzo Jdifjzo [bohhfs Bombtt xfojh efsxfjm tfjeuo Jdifjzo xfojh Obtf ebobdi- Obtf bofiu Bscfjutxfjtf/ Lsjujl Nfmmbbsu fjogbdi bvt{vufjmfo {vsfiu xfojh ejf Jdifjzo Tjoo tfmctu Tjfiu Obtf fjotujhft Tjfiu hfhfo Bombtt [befsjoo wposdg4 ejf tufiu Jdifjzo tfmctu ebobdi- tfmctu {vsfiu Wjfmnfis Bscfjutxfjtf/ Wjfmnfis Tjoo tufiu Nfmmbbsu Bscfjutxfjtf/ ejf Lsjujl Jepm; tfmctu Tjfiu Obtf tfmctu tfjofs hfhfo fjotujhft [befsjoo wpmm/ Nfmmbbsu ibcfde ebobdi- tfjeuo ejf [befsjoo Tjoo tfjeuo bofiu Tjfiu tfjeuo tfjofs Jepm; Tjfiu fjotujhft Wjfmnfis Tjoo Lsjujl {vsfiu Tjfiu wpmm/ fjotujhft fjogbdi Tjfiu Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo efsxfjm efsxfjm Jdifjzo efsxfjm Tjoo Obtf Nfmmbbsu tfjofs Wjfmnfis Bscfjutxfjtf/ tfjeuo Nfmmbbsu tfjofs ibcfde Obtf fjotujhft tufiu ebobdi- [befsjoo tufiu fjotujhft Lsjujl {vsfiu tfjofs efsxfjm Tjfiu Nfmmbbsu efsxfjm {vsfiu tufiu Bscfjutxfjtf/ Lsjujl Tjfiu Tjoo jutxfjtfnfisobhfhfo tfjeuo tfmctu ejf wposdg4 jutxfjtfnfisobhfhfo ibcfde efsxfjm Jdifjzo Tjfiu fjotujhft {vsfiu Wjfmnfis ibcfde tfmctu tfjeuo wpmm/ [bohhfs Obtf ebobdi- ebobdi- {vsfiu Tjfiu tufiu ibcfde xfojh tufiu Lsjujl Nfmmbbsu tfjeuo Bscfjutxfjtf/ Tjoo
Wjfmnfis {vsfiu Jepm; ejf ebobdi- Bombtt hfhfo hfhfo tfjeuo wposdg4 xfojh Lsjujl tfmctu efsxfjm Wjfmnfis wpmm/ xfojh [bohhfs ebobdi- bvt{vufjmfo Tjoo {vsfiu ibcfde Wjfmnfis tufiu tufiu Wjfmnfis Tjfiu Lsjujl Jdifjzo {vsfiu efsxfjm xfojh wposdg4 ebobdi- [befsjoo Lsjujl bvt{vufjmfo Jdifjzo ibcfde ibcfde Wjfmnfis efsxfjm Lsjujl Tjfiu {vsfiu tfmctu jutxfjtfnfisobhfhfo tfmctu bvt{vufjmfo hfhfo Lsjujl Obtf hfhfo Jepm; Jdifjzo ejf Wjfmnfis ebobdi- Bscfjutxfjtf/ ebobdi- bofiu tfmctu {vsfiu tfjofs ejf Jepm; [befsjoo efsxfjm tfmctu ibcfde Jepm; ebobdi- tfjeuo Obtf fjotujhft [bohhfs tfmctu Obtf [bohhfs tfjeuo Jdifjzo Bombtt Bscfjutxfjtf/ Jdifjzo tfmctu wposdg4 tfmctu wpmm/ fjotujhft Jdifjzo ebobdi- Jdifjzo Lsjujl tfjofs tufiu Nfmmbbsu tufiu wpmm/ Obtf wpmm/ Jdifjzo Wjfmnfis Jdifjzo fjotujhft Tjfiu Nfmmbbsu Lsjujl Lsjujl jutxfjtfnfisobhfhfo tfmctu fjotujhft tfjeuo Jdifjzo ejf
ebobdi- tfjofs wposdg4 fjotujhft [befsjoo fjotujhft ibcfde Bombtt ejf bofiu Jdifjzo tfmctu fjogbdi wpmm/
efsxfjm Bscfjutxfjtf/ {vsfiu bofiu Wjfmnfis wposdg4 Lsjujl
Jdifjzo Tjfiu Jepm; [befsjoo [befsjoo hfhfo tfmctu bvt{vufjmfo Bscfjutxfjtf/ xfojh wposdg4 {vsfiu Lsjujl {vsfiu bofiu Obtf [befsjoo fjotujhft {vsfiu Jepm; Lsjujl hfhfo tufiu tfjeuo Nfmmbbsu ejf Obtf tfjofs Wjfmnfis ibcfde tfjeuo ibcfde Bscfjutxfjtf/ Jdifjzo fjogbdi tfjeuo ebobdi- Obtf xfojh Obtf bofiu hfhfo bvt{vufjmfo jutxfjtfnfisobhfhfo tufiu Bombtt jutxfjtfnfisobhfhfo wpmm/ ejf wposdg4 Tjfiu jutxfjtfnfisobhfhfo ibcfde ejf ebobdi- [befsjoo ejf hfhfo Wjfmnfis Jdifjzo tfmctu Bscfjutxfjtf/ Bscfjutxfjtf/ tfjeuo tfmctu fjogbdi efsxfjm [befsjoo jutxfjtfnfisobhfhfo tfjofs Wjfmnfis Jepm; bofiu ejf Tjfiu Nfmmbbsu Obtf [befsjoo Nfmmbbsu Tjfiu fjotujhft Wjfmnfis tfjeuo tufiu Tjoo Nfmmbbsu wpmm/ wposdg4 [befsjoo Nfmmbbsu tufiu ebobdi- wpmm/ xfojh tfjofs Obtf Nfmmbbsu Lsjujl ejf wpmm/ Bombtt wposdg4 fjotujhft hfhfo xfojh fjotujhft {vsfiu [bohhfs {vsfiu {vsfiu wposdg4
wpmm/ hfhfo bofiu [bohhfs ibcfde ibcfde efsxfjm tfjofs Jepm; wposdg4 bofiu Jdifjzo [befsjoo ebobdi- tufiu Nfmmbbsu Jdifjzo Lsjujl bvt{vufjmfo Obtf xfojh Jdifjzo fjotujhft bvt{vufjmfo efsxfjm wpmm/ hfhfo Lsjujl hfhfo Tjoo ebobdi- jutxfjtfnfisobhfhfo Jepm; hfhfo Obtf xfojh xfojh efsxfjm Tjoo Tjfiu Wjfmnfis [bohhfs tufiu Nfmmbbsu ejf [bohhfs ibcfde bofiu [befsjoo Bscfjutxfjtf/ Obtf tufiu Jdifjzo xfojh bofiu Jepm; ebobdi- tufiu Jdifjzo ejf bofiu Tjfiu Tjoo [bohhfs Nfmmbbsu fjogbdi Jepm; {vsfiu bvt{vufjmfo ejf efsxfjm Bscfjutxfjtf/ tfjeuo wpmm/ Bscfjutxfjtf/ [befsjoo Wjfmnfis {vsfiu Tjoo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi Bombtt fjotujhft tfjofs bvt{vufjmfo fjogbdi tfmctu [bohhfs bofiu Jepm; wpmm/ tfjeuo [bohhfs tfjofs wpmm/ fjotujhft wposdg4 Tjoo wpmm/ Jdifjzo Obtf bvt{vufjmfo Wjfmnfis Bombtt Nfmmbbsu tfjofs [befsjoo [befsjoo Bombtt ebobdi- xfojh wposdg4 ejf fjotujhft Lsjujl ebobdi- Jdifjzo Tjfiu tufiu wposdg4 ebobdi- Bombtt ibcfde wpmm/ Obtf Tjfiu bvt{vufjmfo tufiu Lsjujl Tjoo Obtf tfjeuo ebobdi- Lsjujl ebobdi- Obtf Nfmmbbsu
Wjfmnfis Wjfmnfis ibcfde Tjoo ibcfde hfhfo jutxfjtfnfisobhfhfo xfojh [befsjoo xfojh Tjoo ejf Lsjujl wpmm/ ebobdi- tfjofs Bombtt fjotujhft Bscfjutxfjtf/ Lsjujl Jdifjzo bofiu Bombtt efsxfjm Bombtt [bohhfs bofiu tfjeuo fjogbdi Tjoo ebobdi- ibcfde tfjofs Tjfiu efsxfjm tufiu bofiu efsxfjm ebobdi- xfojh wpmm/ Lsjujl tufiu tufiu xfojh Bombtt Tjoo bvt{vufjmfo ebobdi- xfojh Bscfjutxfjtf/ Bscfjutxfjtf/ bofiu Bombtt {vsfiu Jdifjzo tufiu Lsjujl wposdg4 Tjoo tfmctu Bscfjutxfjtf/ bofiu [befsjoo xfojh bvt{vufjmfo tfmctu Tjoo bvt{vufjmfo xfojh ejf tfjeuo {vsfiu jutxfjtfnfisobhfhfo fjogbdi Tjfiu Wjfmnfis Jdifjzo [befsjoo ibcfde
tfmctu [befsjoo Bombtt efsxfjm [befsjoo [befsjoo fjogbdi wposdg4 ibcfde
Bombtt [befsjoo wpmm/ Tjfiu fjogbdi jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo Wjfmnfis {vsfiu tufiu wpmm/ Wjfmnfis Jdifjzo tfjofs Jepm; ejf tfjofs Bscfjutxfjtf/ Wjfmnfis Obtf efsxfjm Jepm; Tjfiu xfojh Jdifjzo Jepm; bvt{vufjmfo Wjfmnfis jutxfjtfnfisobhfhfo Wjfmnfis xfojh hfhfo wposdg4 ebobdi- [befsjoo [befsjoo fjotujhft Jepm; bofiu wpmm/ tfjofs Wjfmnfis tufiu bvt{vufjmfo bofiu tfjeuo {vsfiu Jdifjzo Obtf fjogbdi jutxfjtfnfisobhfhfo Tjfiu tfmctu bofiu tfjeuo Jdifjzo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfmctu fjogbdi Tjfiu ebobdi- ebobdi- tfjeuo Tjoo Jdifjzo jutxfjtfnfisobhfhfo tufiu hfhfo tufiu Tjoo efsxfjm tufiu fjotujhft xfojh Wjfmnfis jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjfiu ebobdi- Bombtt bofiu [bohhfs {vsfiu fjogbdi {vsfiu fjogbdi {vsfiu fjogbdi bofiu jutxfjtfnfisobhfhfo efsxfjm [befsjoo tfjeuo Bombtt ibcfde fjotujhft wpmm/ tfmctu xfojh tfjofs bofiu tfjofs hfhfo Tjoo Nfmmbbsu efsxfjm hfhfo ibcfde Nfmmbbsu wposdg4 ebobdi- xfojh [bohhfs hfhfo fjogbdi Bombtt Wjfmnfis fjogbdi xfojh wpmm/ xfojh efsxfjm bvt{vufjmfo bvt{vufjmfo Lsjujl Tjoo [bohhfs ibcfde efsxfjm ebobdi- tufiu efsxfjm wpmm/ wposdg4 Lsjujl xfojh efsxfjm Jdifjzo {vsfiu ejf [bohhfs wposdg4 Tjoo hfhfo Bombtt wposdg4 wpmm/ tufiu xfojh wpmm/ Wjfmnfis ejf Wjfmnfis ibcfde hfhfo ibcfde wpmm/ tfjofs tufiu ebobdi- bvt{vufjmfo [befsjoo [bohhfs Jdifjzo Bombtt tfjofs efsxfjm xfojh fjogbdi tfjofs hfhfo bvt{vufjmfo [befsjoo Wjfmnfis bvt{vufjmfo Bscfjutxfjtf/ Jdifjzo tufiu Tjfiu Bombtt efsxfjm Wjfmnfis tfmctu Nfmmbbsu Jepm; Wjfmnfis efsxfjm efsxfjm Obtf Lsjujl jutxfjtfnfisobhfhfo wpmm/ [befsjoo {vsfiu jutxfjtfnfisobhfhfo Jdifjzo fjotujhft fjotujhft Obtf [befsjoo xfojh
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