Ex. 1. Complete the following sentences

Преимущества слияния двух компаний заключаются в следующем: а) большая компания имеет больше собственного капитала, чем ссудного капиталa; б) крупная фирма может делать оптовые закупки, так как это дешевле; в) большая фирма может позволить себе нанять самых квалифицированных специалистов, предложив им приличную (decent) зарплату; г) крупным фирмам обычно предоставляется ссуда под более низкий процент, чем небольшим компаниям.

                                                  S c e n e t w o   

Carl Sindon has come from Industria to visit Jayal Motors. Carl plans to leave the diplomatic service and to marry Eve Sorrel. Carl, Paul, Tom and Jack are talking about the bank’s proposal at the Tom’s office.

Carl:Paul, who owns the share capital in the company?

Paul: Well, Tom has 55%, Tara and I together 20%, Jack has 15% and the bank the remaining 10%.

Carl: I see. What’s the total share capital?

Paul: 600,000 utiles but Jayal Motors have to borrow about 200,000 utiles to finance the expansion over next 12 months. So you can see, Carl, we are heavily geared to the bank. Kamal is now suggesting that we agree to merge with MEI. They want 50% and they want to appoint their own management team, you see.

Carl: And what does the bank get out of all this?

Jack: Two things. It seems Kamal is worried that we can’t handle the expansion by ourselves and thinks that bank’s interest would be best served by merging with an international company with a lot of marketing experience.

Carl: And the other thing?

Paul: Well, Kamal and his bank stand to gain by arranging for MEI to become a customer of the Commercial Credit Bank.

Carl: And at the moment the bank is in a strong position to dictate terms.

Paul:Absolutely.

Carl: I see. Well, what would you all say if Eve and I put up the money you need for expansion and join you to set up a limited liability company?

Paul:Are you serious? I don’t believe it.

Carl: My father has decided to pass over part of his estate to me to avoid heavy tax duties when he dies, and I’ve also got some money of my own. The rest of the money is, believe it or not, a gift from Eve’s father, a wedding gift. She’s his only daughter. He is a stockbroker in Centreville and thinks that Jayal Motors will provide a sound investment.

Tom:Now let me see ... the amount you are proposing would give you both about a 25% holding in the new company.

Carl: Yes, we are suggesting that we would run the export side of the business. Eve and I have a considerable experience in this field.

Tom:Fine, that is settled then. I’d like to keep a 25% stake in the company for my retirement. And I’d like to hand over the other 130,000 utiles. Say, er, I’d like to give Paul and Tara 100,000 giving them a 28% stake. As for you, Jack, as a small token of my appreciation of your genius and loyalty ...

Jack: Oh, come now!

Tom: I’d like to give you the other 30,000. That will keep your stake at 15%.

Jack:Thank you, Tom. And I must say it’s been great to work with you all these years.

Paul: But, Tom, I think there is a problem here. You see, that’ll leave the bank with only 7%.

Tom: Right, but Kamal can hardly refuse, since Jayal Motors even by his own admission has great potential. They can’t afford to lose a good customer like us. Especially since we now have the combined talents of Carl and Eve.

Paul: So, Carl is our knight in shining armour come to save us from the MEI dragon. (laughter)

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