As chief executive of Herman & Corrie Teas, write a letter to the shareholders, giving your reasons for recommending or not recommending UCC’s offer to purchase the company

Dear Shareholders, The multinational drinks group Universal Cola Corporation (or UCC) has made an offer to purchase the company. Our reasons for accepting their offer are as follows: If H&C is bought by UCC, we can penetrate new markets, or expand distribution coverage, expand branches, projects. Moreover, the large scale also helps to reduce costs in business, save operating and management costs, etc. The sale to UCC is also an opportunity for us to screen and dismiss inefficient positions, thereby significantly contributing to streamlining the company's apparatus. Thereby, H&C will have the opportunity to receive a well-skilled and experienced workforce. The structure of the company can be changed affecting the working environment of employees. But H&C employees are loyal, dynamic, and highly adaptable. Working under a big company will help them develop and demonstrate their capabilities. We will ensure the policy for staff through the terms of the contract. In terms of brand value, UCC is a multinational drinks corporation, their reputation will help H&C's "green" be widely disseminated. We will take advantage of strengths in products, services, customer relations, and services, thereby contributing to improving competitiveness and creating new business opportunities. In addition to UCC, we can consider offers from other businesses that are smaller and have the same manufacturing principles as H&C. However, UCC is the best choice for us at the moment. Please let me know your decision as soon as possible. Yours sincerely, Phuong Thao CEO of Herman & Corrie Teas