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Essay text:
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...
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