Thursday, May 24, 2007

A buy-out with all the drama

The 'Barbarians at the gate' movie based on the book by the same name, is on the leveraged buy-out of cigarette major RJR Nabisco. The CEO Ross Johnson wants to buy out his company but is rivalled by the king of buyouts - KKR. The movie moves interestingly showcasing all the drama and the run up to the price wars to buy the company from both ends. James Garner as Ross Johnson portrays the enterprising and daring CEO well, so does Jonathan Pryce as the stoic Henry Kravis of KKR. Some scenes when customers test RJR's new smokeless cigarette 'Premier' are amusing. To explain some terms including the LBO, there has to some some finance 'un-savvy' person who asks the questions, and it is Ross's wife who fits the bill. The film is a good watch for those who like corporate themes, such as 'Wall Street'.


 

 

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