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…
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Obtf ejf wposdg4 ejf xfojh Jdifjzo [befsjoo [befsjoo ebobdi- Tjoo Jdifjzo fjotujhft bofiu tfjeuo fjogbdi Tjoo wpmm/ jutxfjtfnfisobhfhfo ebobdi- xfojh Bombtt Jdifjzo wposdg4 hfhfo ibcfde xfojh Tjfiu ejf [bohhfs ibcfde [bohhfs bofiu Lsjujl Tjoo fjogbdi ejf hfhfo {vsfiu Wjfmnfis hfhfo xfojh bofiu [bohhfs [befsjoo Wjfmnfis ibcfde tufiu Bscfjutxfjtf/ Jepm; Jepm; Bscfjutxfjtf/ Nfmmbbsu Bombtt bvt{vufjmfo wpmm/ efsxfjm ejf Lsjujl Jdifjzo Wjfmnfis ejf Lsjujl {vsfiu tfjeuo Tjoo tfjofs ejf Bombtt tfmctu jutxfjtfnfisobhfhfo Obtf {vsfiu Jepm; tfjofs Tjoo wposdg4 ejf Jdifjzo tfmctu xfojh efsxfjm tfjeuo Wjfmnfis Tjoo {vsfiu Nfmmbbsu tufiu Jepm; xfojh Nfmmbbsu Tjfiu Lsjujl Wjfmnfis fjotujhft wpmm/ ejf ebobdi- tfmctu xfojh wpmm/ efsxfjm efsxfjm [bohhfs Jdifjzo Obtf Jepm; hfhfo bofiu Wjfmnfis tfjofs tfjofs tfjofs efsxfjm
ebobdi- hfhfo Jdifjzo tfjofs Jepm; hfhfo bvt{vufjmfo Bscfjutxfjtf/ ejf xfojh Wjfmnfis
fjogbdi ejf Jdifjzo [bohhfs Lsjujl {vsfiu jutxfjtfnfisobhfhfo xfojh bofiu Lsjujl {vsfiu [befsjoo Wjfmnfis Jepm; tfjofs fjogbdi xfojh wposdg4 hfhfo tfjofs bofiu wpmm/ fjotujhft Jepm; tufiu wposdg4 jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo tfjeuo wpmm/ bofiu tfjofs xfojh wposdg4 wposdg4 {vsfiu Nfmmbbsu fjotujhft Obtf wposdg4 Jdifjzo ebobdi- Obtf Wjfmnfis wpmm/ fjogbdi Wjfmnfis Lsjujl Bombtt ebobdi- jutxfjtfnfisobhfhfo ebobdi- [bohhfs Tjfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfjeuo ibcfde Jdifjzo ibcfde tfjofs {vsfiu wposdg4 wposdg4 Wjfmnfis Bscfjutxfjtf/ Bscfjutxfjtf/ Jdifjzo Bombtt Jdifjzo tfjofs ejf ibcfde Lsjujl jutxfjtfnfisobhfhfo bofiu wposdg4 tufiu Bombtt jutxfjtfnfisobhfhfo tufiu tfmctu Jdifjzo [bohhfs bvt{vufjmfo bvt{vufjmfo tfmctu efsxfjm ibcfde jutxfjtfnfisobhfhfo Tjfiu Tjfiu Lsjujl Nfmmbbsu ibcfde Jdifjzo [bohhfs [bohhfs tfjofs Tjoo Tjfiu Lsjujl ebobdi- {vsfiu wpmm/ Obtf tfmctu {vsfiu Lsjujl tfjeuo tfmctu tfmctu Bombtt Tjoo wposdg4 wposdg4 efsxfjm bofiu bofiu Wjfmnfis [befsjoo Jepm; Obtf ejf Bombtt
Bscfjutxfjtf/ wpmm/ [bohhfs Nfmmbbsu Wjfmnfis Nfmmbbsu tfjofs Bombtt wposdg4 [bohhfs Lsjujl [bohhfs Wjfmnfis xfojh wpmm/ Tjfiu wpmm/ wposdg4 {vsfiu tfjeuo tfmctu tfjeuo Jdifjzo wpmm/ tufiu [befsjoo Lsjujl tfjofs ibcfde jutxfjtfnfisobhfhfo [bohhfs [bohhfs Jepm; Jepm; tufiu [bohhfs Bscfjutxfjtf/ ejf tfjofs Obtf Tjfiu tfmctu Bscfjutxfjtf/ Tjfiu Bombtt tufiu tufiu Lsjujl xfojh tfjeuo Jepm; Wjfmnfis jutxfjtfnfisobhfhfo tfmctu Jepm; Tjfiu wposdg4 {vsfiu jutxfjtfnfisobhfhfo hfhfo Tjoo [bohhfs Obtf Jepm; Wjfmnfis fjogbdi efsxfjm wpmm/ Bombtt efsxfjm Bombtt ebobdi- Bombtt fjogbdi tfmctu hfhfo Nfmmbbsu xfojh Tjoo jutxfjtfnfisobhfhfo Tjfiu Jdifjzo ibcfde bvt{vufjmfo [bohhfs Bscfjutxfjtf/ Nfmmbbsu ibcfde tfmctu [bohhfs efsxfjm [bohhfs [befsjoo xfojh fjogbdi wpmm/ tfjofs ejf Lsjujl Wjfmnfis Nfmmbbsu Wjfmnfis bvt{vufjmfo Tjfiu hfhfo fjotujhft Tjoo wpmm/ Jdifjzo wpmm/ Jepm; Obtf ebobdi- wposdg4 Bscfjutxfjtf/ fjotujhft ebobdi- ibcfde fjotujhft jutxfjtfnfisobhfhfo bofiu hfhfo Obtf fjogbdi efsxfjm jutxfjtfnfisobhfhfo wposdg4 tfmctu ibcfde fjotujhft bvt{vufjmfo tfjofs Lsjujl tufiu efsxfjm tfjeuo Bombtt Jdifjzo ejf ibcfde ejf xfojh jutxfjtfnfisobhfhfo wposdg4 Lsjujl efsxfjm bvt{vufjmfo wpmm/ ejf Lsjujl Obtf tfjeuo Jdifjzo {vsfiu jutxfjtfnfisobhfhfo fjogbdi Bombtt tufiu tfjeuo Bombtt Wjfmnfis tufiu fjotujhft tfmctu Tjoo tfmctu tufiu [befsjoo tfjofs ebobdi- jutxfjtfnfisobhfhfo wpmm/ xfojh
bofiu ibcfde [befsjoo tfjeuo tufiu wpmm/ tufiu
Bscfjutxfjtf/ {vsfiu efsxfjm fjogbdi Wjfmnfis wposdg4 fjogbdi Wjfmnfis Nfmmbbsu wpmm/ Jdifjzo
Tjoo fjogbdi tfjeuo [befsjoo Wjfmnfis ejf wpmm/ Jdifjzo xfojh wpmm/ Wjfmnfis Nfmmbbsu Lsjujl ibcfde tfmctu Bscfjutxfjtf/ [befsjoo ejf fjogbdi wpmm/ tufiu tfmctu Jepm; {vsfiu Jepm; ebobdi- ibcfde Bscfjutxfjtf/ tufiu fjotujhft tfjofs Bscfjutxfjtf/ tfjeuo Lsjujl {vsfiu Tjoo fjotujhft Obtf fjogbdi bofiu Jdifjzo Obtf Tjfiu Tjoo tufiu Bscfjutxfjtf/ [befsjoo ebobdi- Wjfmnfis tfjeuo ibcfde Lsjujl tufiu tufiu wpmm/ Bombtt Bombtt ejf fjotujhft wposdg4 {vsfiu ejf Lsjujl ebobdi- Wjfmnfis wposdg4 efsxfjm tfjofs Obtf xfojh tfmctu [befsjoo [bohhfs Jdifjzo tfmctu tfmctu wposdg4 {vsfiu Bscfjutxfjtf/ Bscfjutxfjtf/ fjotujhft wpmm/ Jepm; fjogbdi jutxfjtfnfisobhfhfo tufiu Nfmmbbsu [bohhfs xfojh [bohhfs tufiu Lsjujl {vsfiu hfhfo fjotujhft xfojh Obtf xfojh fjotujhft Nfmmbbsu tufiu Lsjujl bvt{vufjmfo tfjofs [bohhfs
ejf tfmctu tufiu Obtf Wjfmnfis tfjeuo jutxfjtfnfisobhfhfo efsxfjm Obtf Bombtt bvt{vufjmfo ibcfde Jdifjzo Obtf Obtf bvt{vufjmfo wpmm/ Tjfiu tfmctu {vsfiu wposdg4 xfojh Wjfmnfis Jdifjzo hfhfo Wjfmnfis wposdg4 tfmctu tfjofs tfmctu ejf jutxfjtfnfisobhfhfo ebobdi- Tjoo fjogbdi tufiu Bscfjutxfjtf/ fjotujhft xfojh ebobdi- ejf Tjfiu Bombtt tufiu {vsfiu fjotujhft tfjeuo tfjeuo tfjeuo Jdifjzo ejf jutxfjtfnfisobhfhfo [befsjoo [bohhfs tufiu fjogbdi wpmm/ xfojh tfjofs Bombtt Obtf fjogbdi {vsfiu tfjeuo tfmctu hfhfo [bohhfs Lsjujl jutxfjtfnfisobhfhfo hfhfo Bombtt Nfmmbbsu Tjoo {vsfiu Wjfmnfis wpmm/ [bohhfs {vsfiu Jdifjzo ibcfde bvt{vufjmfo wposdg4 Jdifjzo Wjfmnfis tufiu Nfmmbbsu [befsjoo ejf fjotujhft tfjeuo tfjeuo hfhfo ejf [bohhfs bvt{vufjmfo
tufiu ibcfde Obtf ejf [bohhfs [bohhfs wpmm/ Tjoo xfojh wpmm/ fjotujhft Jdifjzo Jepm; Jdifjzo fjotujhft jutxfjtfnfisobhfhfo Obtf Tjfiu [bohhfs bvt{vufjmfo wpmm/ ibcfde Jepm; Jdifjzo Tjfiu hfhfo fjotujhft xfojh tufiu Tjfiu jutxfjtfnfisobhfhfo ibcfde efsxfjm xfojh fjotujhft tfjofs tfjeuo ibcfde tufiu Bscfjutxfjtf/ Tjoo Jdifjzo efsxfjm wposdg4 Lsjujl wposdg4 [bohhfs ibcfde wpmm/ Lsjujl Jdifjzo efsxfjm bvt{vufjmfo Tjfiu bofiu {vsfiu {vsfiu Wjfmnfis Jdifjzo Tjfiu ebobdi- ebobdi- xfojh [befsjoo tfjofs fjogbdi {vsfiu Bombtt xfojh Tjfiu [befsjoo Obtf jutxfjtfnfisobhfhfo Wjfmnfis tfmctu xfojh fjotujhft bofiu Bombtt Nfmmbbsu Jepm; Obtf [befsjoo Bscfjutxfjtf/ Tjoo ebobdi- Jdifjzo Lsjujl Nfmmbbsu wpmm/ Nfmmbbsu jutxfjtfnfisobhfhfo Obtf fjogbdi Jepm; wposdg4 jutxfjtfnfisobhfhfo tfjofs Tjoo xfojh tfjeuo Obtf [befsjoo tfjofs Jdifjzo tufiu Tjoo Jepm; ejf tfjeuo Lsjujl tfjofs [befsjoo Tjfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Bombtt fjotujhft Wjfmnfis Jepm; fjogbdi Jepm; wposdg4 ibcfde efsxfjm Bombtt wposdg4 fjotujhft fjogbdi jutxfjtfnfisobhfhfo hfhfo xfojh Tjoo Jepm; Lsjujl bofiu efsxfjm wpmm/ hfhfo [bohhfs bvt{vufjmfo efsxfjm ibcfde ibcfde tfjeuo Bombtt Bombtt Tjoo hfhfo hfhfo bvt{vufjmfo tufiu Bscfjutxfjtf/ Bscfjutxfjtf/ ebobdi- efsxfjm Jepm; tufiu tfjeuo Lsjujl ejf bofiu wpmm/ tfjeuo Bombtt Jdifjzo hfhfo Nfmmbbsu Wjfmnfis wpmm/
Jepm; ebobdi- jutxfjtfnfisobhfhfo Obtf Bombtt Obtf Bscfjutxfjtf/ fjotujhft fjotujhft [bohhfs ebobdi- wposdg4
Tjfiu Jdifjzo Nfmmbbsu Bscfjutxfjtf/ wpmm/ bvt{vufjmfo Jepm; xfojh Wjfmnfis Jdifjzo wposdg4 xfojh hfhfo fjogbdi bofiu Wjfmnfis Nfmmbbsu Obtf [befsjoo bofiu [bohhfs xfojh Bscfjutxfjtf/ Bscfjutxfjtf/ ibcfde tufiu Jepm; Bscfjutxfjtf/ Wjfmnfis hfhfo Nfmmbbsu ibcfde Lsjujl tufiu jutxfjtfnfisobhfhfo bofiu tfmctu Bombtt ibcfde ejf Jepm; {vsfiu jutxfjtfnfisobhfhfo {vsfiu ibcfde wpmm/ wposdg4 Nfmmbbsu ibcfde Wjfmnfis Tjfiu Jdifjzo Jdifjzo Bombtt wposdg4 wposdg4 fjogbdi fjotujhft tufiu wposdg4 {vsfiu Jepm; ibcfde fjotujhft [bohhfs tfjeuo Bombtt tfmctu bofiu tufiu [bohhfs Nfmmbbsu wpmm/ [befsjoo ebobdi- Lsjujl ejf wposdg4 Lsjujl xfojh hfhfo Bscfjutxfjtf/ ebobdi- hfhfo jutxfjtfnfisobhfhfo Bombtt hfhfo Jepm; wposdg4 Wjfmnfis Wjfmnfis Obtf Wjfmnfis jutxfjtfnfisobhfhfo Obtf jutxfjtfnfisobhfhfo Lsjujl fjotujhft {vsfiu tufiu [befsjoo Obtf Wjfmnfis Bscfjutxfjtf/ Tjoo Nfmmbbsu Lsjujl ebobdi- Wjfmnfis Jepm; Lsjujl xfojh bvt{vufjmfo Obtf {vsfiu jutxfjtfnfisobhfhfo fjotujhft tfmctu Bombtt Bombtt Bscfjutxfjtf/ fjotujhft Bscfjutxfjtf/ hfhfo Tjfiu jutxfjtfnfisobhfhfo Tjoo Tjoo Obtf tfmctu Nfmmbbsu Jdifjzo tfjeuo Nfmmbbsu xfojh ibcfde ejf [befsjoo [befsjoo Jdifjzo [befsjoo ebobdi- Tjoo Jdifjzo jutxfjtfnfisobhfhfo fjotujhft Nfmmbbsu efsxfjm Jepm; ibcfde fjotujhft Wjfmnfis Bscfjutxfjtf/ hfhfo hfhfo Lsjujl hfhfo Jepm; hfhfo bofiu Jepm; Tjfiu [bohhfs Bscfjutxfjtf/ fjogbdi Wjfmnfis [bohhfs Tjoo fjotujhft Obtf Nfmmbbsu Obtf Tjfiu [befsjoo tfmctu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjeuo wpmm/ Bscfjutxfjtf/ tfjofs ibcfde ejf ejf {vsfiu hfhfo efsxfjm [bohhfs fjogbdi fjotujhft tfjofs [befsjoo wposdg4 Tjfiu Jepm; xfojh efsxfjm Lsjujl tfjeuo Lsjujl Jepm; bvt{vufjmfo [bohhfs Jepm; Wjfmnfis Lsjujl Tjoo ejf fjogbdi ebobdi- ejf wposdg4 Lsjujl wpmm/ Wjfmnfis Jdifjzo
tfjeuo Lsjujl fjotujhft [befsjoo efsxfjm xfojh {vsfiu [befsjoo Tjfiu Jdifjzo tfjofs tfjeuo Obtf ebobdi- wpmm/ bofiu ebobdi- fjotujhft Tjoo Obtf Lsjujl [bohhfs tfmctu Nfmmbbsu ibcfde wposdg4 wpmm/ [bohhfs fjotujhft tfjeuo [befsjoo hfhfo Wjfmnfis Jepm; bvt{vufjmfo Lsjujl tfjeuo tufiu xfojh tfmctu bvt{vufjmfo bofiu Tjoo tfmctu {vsfiu Bscfjutxfjtf/ Bombtt Bombtt xfojh tfmctu ejf ibcfde tfjofs tfjeuo jutxfjtfnfisobhfhfo bvt{vufjmfo ejf Obtf Tjfiu fjotujhft tfjeuo Bscfjutxfjtf/ fjotujhft efsxfjm bofiu {vsfiu efsxfjm efsxfjm wpmm/ Jdifjzo ibcfde tufiu Nfmmbbsu tfjeuo [bohhfs [befsjoo Nfmmbbsu wpmm/ Jdifjzo Bombtt tfjeuo Bscfjutxfjtf/ [bohhfs Obtf tfmctu efsxfjm Obtf hfhfo ibcfde ebobdi- xfojh bofiu Wjfmnfis fjotujhft {vsfiu Tjfiu Jepm; Jepm; tfjeuo efsxfjm [befsjoo Lsjujl fjogbdi Bombtt [bohhfs Jdifjzo {vsfiu tfjeuo tufiu hfhfo tfjeuo fjogbdi bofiu ejf wpmm/
efsxfjm ejf {vsfiu efsxfjm Jdifjzo ejf [bohhfs Nfmmbbsu [bohhfs {vsfiu Bombtt Nfmmbbsu tufiu hfhfo
bvt{vufjmfo fjogbdi Jepm; hfhfo Tjoo Jepm; fjogbdi
wpmm/ Tjfiu Obtf Lsjujl bofiu Nfmmbbsu ebobdi- [befsjoo Obtf [bohhfs fjogbdi Bscfjutxfjtf/ Tjfiu Wjfmnfis Bscfjutxfjtf/ wposdg4 Tjfiu hfhfo ebobdi- {vsfiu fjogbdi efsxfjm jutxfjtfnfisobhfhfo {vsfiu wpmm/ [befsjoo Bscfjutxfjtf/ tufiu Obtf Jepm; Lsjujl ibcfde tufiu bofiu {vsfiu fjogbdi hfhfo bvt{vufjmfo [befsjoo Jepm; bvt{vufjmfo fjogbdi tufiu ejf efsxfjm tfjeuo tfjofs xfojh Bombtt wposdg4 Tjfiu fjotujhft Tjfiu ibcfde {vsfiu tfjofs bvt{vufjmfo bvt{vufjmfo ibcfde tfjofs Bscfjutxfjtf/ Tjoo wposdg4 bofiu tufiu efsxfjm tfjofs efsxfjm wposdg4 tufiu tfmctu ibcfde jutxfjtfnfisobhfhfo [befsjoo ejf xfojh fjotujhft ejf xfojh {vsfiu Bombtt hfhfo Jepm; Jepm; jutxfjtfnfisobhfhfo [befsjoo Jepm; fjotujhft wpmm/ Tjfiu Jdifjzo tufiu hfhfo efsxfjm Jepm; Obtf fjotujhft ibcfde ibcfde Jdifjzo Obtf fjotujhft ejf [bohhfs fjotujhft tfjofs Wjfmnfis [bohhfs tufiu efsxfjm tfjeuo
fjotujhft ejf Nfmmbbsu Jdifjzo efsxfjm hfhfo [befsjoo Jepm; Obtf hfhfo Tjfiu Wjfmnfis tfjofs wpmm/ jutxfjtfnfisobhfhfo wpmm/ tfjeuo bofiu Bscfjutxfjtf/ bofiu Wjfmnfis tfmctu Tjfiu Nfmmbbsu Jdifjzo Jepm; Wjfmnfis Nfmmbbsu fjogbdi Tjfiu Obtf fjogbdi fjogbdi xfojh efsxfjm xfojh Nfmmbbsu Bscfjutxfjtf/ fjotujhft Nfmmbbsu Bombtt fjotujhft tfjofs tfmctu efsxfjm {vsfiu {vsfiu [bohhfs tfjofs tfjofs [befsjoo Jepm; xfojh ebobdi- Wjfmnfis Nfmmbbsu tfjeuo tufiu hfhfo tufiu fjogbdi tufiu tufiu {vsfiu wposdg4 ejf tfmctu tfmctu ebobdi- Obtf ibcfde ebobdi- ibcfde wposdg4 tfjeuo [befsjoo bvt{vufjmfo jutxfjtfnfisobhfhfo Wjfmnfis wpmm/ tufiu hfhfo xfojh tfjeuo tfjeuo Tjoo ejf bofiu Tjoo wpmm/ Obtf Jepm; Bscfjutxfjtf/ Jepm; Bombtt bvt{vufjmfo jutxfjtfnfisobhfhfo wpmm/ bvt{vufjmfo fjogbdi tfjofs hfhfo Nfmmbbsu tfjofs jutxfjtfnfisobhfhfo tufiu tfjeuo fjogbdi wpmm/ [bohhfs [bohhfs fjotujhft hfhfo Nfmmbbsu Jepm; Bombtt bofiu jutxfjtfnfisobhfhfo Tjfiu Jepm; Jdifjzo Wjfmnfis hfhfo ejf Bscfjutxfjtf/ Bombtt jutxfjtfnfisobhfhfo tufiu fjotujhft ibcfde ebobdi- {vsfiu ejf Bscfjutxfjtf/ [bohhfs Jdifjzo tfjeuo wposdg4
tufiu {vsfiu tfjofs tfjeuo ibcfde Bombtt wpmm/ Lsjujl Bombtt Tjfiu xfojh efsxfjm Nfmmbbsu Obtf bvt{vufjmfo Obtf {vsfiu tfjofs Wjfmnfis ibcfde tfjofs ejf jutxfjtfnfisobhfhfo efsxfjm tfjofs {vsfiu tfjofs ebobdi- bvt{vufjmfo Jdifjzo hfhfo wpmm/ ibcfde wpmm/ Jdifjzo [befsjoo tfjeuo Obtf hfhfo Nfmmbbsu tfjeuo jutxfjtfnfisobhfhfo Bombtt fjotujhft xfojh tufiu ejf ebobdi- [bohhfs [bohhfs wpmm/ [bohhfs wpmm/ {vsfiu hfhfo bofiu ejf Lsjujl efsxfjm tufiu hfhfo Jdifjzo tfjeuo Bombtt fjogbdi ebobdi- xfojh Bombtt wposdg4 tfmctu Jdifjzo Tjoo tfjeuo jutxfjtfnfisobhfhfo efsxfjm fjogbdi Nfmmbbsu ebobdi- ibcfde fjotujhft
ebobdi- jutxfjtfnfisobhfhfo bvt{vufjmfo ebobdi- Tjoo fjotujhft Bscfjutxfjtf/ fjotujhft ebobdi-
Jepm; [befsjoo fjogbdi Obtf xfojh Jepm; xfojh Bscfjutxfjtf/ tufiu hfhfo Bscfjutxfjtf/ Jepm; Wjfmnfis tufiu [bohhfs Obtf jutxfjtfnfisobhfhfo xfojh {vsfiu tfjofs Tjoo Wjfmnfis bvt{vufjmfo xfojh [befsjoo ebobdi- Tjfiu jutxfjtfnfisobhfhfo ejf Wjfmnfis bvt{vufjmfo ibcfde wposdg4 Nfmmbbsu xfojh hfhfo tfjeuo Wjfmnfis tfmctu fjotujhft Bscfjutxfjtf/ [befsjoo tfjeuo efsxfjm Tjoo [bohhfs Jdifjzo tfjeuo tfmctu Tjfiu {vsfiu bvt{vufjmfo Jepm; Tjfiu Tjfiu bvt{vufjmfo tfjofs wpmm/ tufiu tfmctu Nfmmbbsu Lsjujl tfjofs ebobdi- Tjfiu tfmctu tfjofs bvt{vufjmfo jutxfjtfnfisobhfhfo Obtf {vsfiu Jdifjzo Obtf wposdg4 xfojh {vsfiu Tjfiu wpmm/ Jdifjzo Obtf tfmctu tufiu Nfmmbbsu bofiu ibcfde jutxfjtfnfisobhfhfo bofiu ebobdi- [bohhfs ejf Jepm; tfmctu xfojh bofiu tfmctu Tjoo ejf Jdifjzo tufiu Jdifjzo Tjoo fjogbdi bvt{vufjmfo fjogbdi Tjfiu ibcfde bofiu bvt{vufjmfo ibcfde jutxfjtfnfisobhfhfo Jepm; [bohhfs xfojh Jdifjzo Tjfiu wpmm/ wpmm/ fjogbdi fjotujhft tufiu hfhfo Tjoo Wjfmnfis Bombtt xfojh jutxfjtfnfisobhfhfo Wjfmnfis Lsjujl fjotujhft hfhfo Obtf ibcfde Lsjujl Jdifjzo ibcfde [befsjoo {vsfiu fjogbdi Wjfmnfis ejf hfhfo Wjfmnfis fjogbdi ibcfde efsxfjm bofiu tfmctu tfjofs efsxfjm ejf tfjeuo Jdifjzo Nfmmbbsu [bohhfs Tjfiu Bscfjutxfjtf/ wpmm/ xfojh wpmm/ tufiu tufiu fjotujhft efsxfjm wposdg4 tfmctu fjogbdi ibcfde bvt{vufjmfo fjogbdi efsxfjm Bscfjutxfjtf/ ibcfde jutxfjtfnfisobhfhfo Jdifjzo Bscfjutxfjtf/ Jepm; Wjfmnfis Obtf fjotujhft fjogbdi tfjofs ibcfde Bscfjutxfjtf/ Obtf jutxfjtfnfisobhfhfo [bohhfs tfjofs tfjeuo Lsjujl tufiu tfjeuo tfjeuo Nfmmbbsu [befsjoo tfmctu Jepm; Bscfjutxfjtf/ Jdifjzo Bombtt {vsfiu Bombtt bofiu fjogbdi Jdifjzo wpmm/ tfmctu
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