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Written by:
Clyde P
Date added:
July 29, 2015
Level:
University
Grade:
A
No of pages / words:
9 / 2308
Was viewed:
4402 times
Rating of current essay:
Essay content:
I believe that the price of $20 million is a fair price.
I have secured financing for the purchase of the company as can be seen in the enclosed letters. The following is a breakdown of where the money will come from:
Equity from executives of the John Case Company $500,000
Bank Term Loan $6,000,000
Cash from the company $4,000,000
Subordinated Loan from Venture Capitalist $5,500,000
Total Cash $16,000,000
Sellers Note $6,000,000
Total $22,000,000
I hope you find the offer acceptable, as the executive board and I have great anticipation in making the John Case Company an even greater company...
displayed 300 characters
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Johnson
March 19, 1985
First Bank of Delaware
1111 First Street
Dover, Delaware 46975
John M. Case Company
2463 Williams St.
Dover, Delaware 46975
Dear Mr. Johnson,
We first of all would wish to thank you for continuously turning to the First Bank of Delaware for your financial needs. We would like to inform you that we will offer you the term loan of $6,000,000 to be paid off in six years; all terms and covenants to be followed...
displayed 300 characters
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