37 Trojan Horse
Benefiting from the small size of the business, Lin Yilong's colleagues completed their work quickly, and within three weeks, all the documents on Mr. Merck's family business were completed.
Despite the risk of professional negligence that "others pay for their own enjoyment", in order to save time, one of the companies that bought Mr. Merck's family business chose to trust the reports issued by Lynn's and the financial reports issued by third parties, rather than continuing with other law firms – and quickly paid the £165 million purchase price for the acquisition of Mr. Merck's family business.
Mr. Merck immediately issued a letter of transfer of equity to the acquiring company, and according to the requirements of the acquiring company, the specific amount and details of the merger and acquisition were not announced to the public. The money was soon used to repay the loan that Mr. Merck's brother had used to pledge his shares.
In the end, the Merck family tossed for two generations, leaving them with a farm in North Yorkshire and £15 million in cash assets.
I wonder what Mr. Merck would have thought if he knew that it was his East Asian rival who had actually bought his family business. Lin Yilong came to Bonas Beach on Saturday as usual to have fun with Katie, and the two talked about the small plan for September after making out, and Katie was fully aware of Lin Yilong's plan.
It is the home appliance giants located in East Asia that are trying to completely defeat their competitors. They tried to buy their competitors, but they were intimidated by the EU's antitrust rules, so they tried to buy the company through brokers and left it to fend for itself. However, this acquisition can't be too obvious, so Lin Yilong's next split idea is born.
Mr. Merck's family business will be divided into four parts, with the semi-downtown property being sold to a real estate developer and turned into an apartment building, the patent rights will be revalued and sold along with the sales channels to the Celestial Empire, the company's R&D team will become independent and become a competitor's technology licensee, and the brand will be turned into a sub-brand by competitors in the East Asian Peninsula countries. Splitting and selling in this way, the first two rough estimates alone can recover all the costs and taxes of Lin Yilong's transaction, and the latter two are Lin Yilong's actual net gains. In addition, there is also a small amount of securities that were put into Lin Yilong's pocket by the Celestial Empire and rival companies, no more, no less, about 3.3 million pounds worth of stock "dividends".
"Now our Mr. Merck is under a lot of financial pressure, and we can only withdraw from it, and there is no other way. Lin Yilong replied casually, "Even if he wants to manage it, he doesn't have the strength at all, otherwise he won't be able to get a penny." ”
"If the workers' union had been there," Katie sighed softly, "you wouldn't have been allowed to bully these workers like that." ”
It is clear that with a comparative advantage in trade, workers in Europe are not more productive than workers in East Asia, and personnel expenditures are greater. It is clear that the competitors of Mr. Merck's family business will not continue to produce in the EU, and the only way is to lay off workers.
This kind of "Trojan horse" commercial acquisition behavior is not uncommon, for example, when GM acquired the Swedish car company Saab, the Saab company dug up the bottom of the sky, and after learning a lot of Saab company's pioneering technology, it implemented shock therapy on Saab, and tilted the resources and channels of the continent to the eldest son Opel. After 19 years of being owned by General Motors, Saab was finally acquired by the Dutch company Sjuker for $400 million, and finally died in 2013; Even if the company's executives are only accountable to the company (not to the shareholders), the relationship is still controlled by the shareholders, and the end of the relationship is the same, and the acquirer can always achieve its ultimate goal.
"Even if they were, they wouldn't be able to do anything. Lin Yilong heard Katie's "whispering" and interjected, "According to their requirements, even if the bank is the last recipient, it is just a more lethal booster for those who are destined to die." An insolvency representative who encounters a responsible person may revive the enterprise. But it is clear that we are not the kind of professional bankruptcy administrators, and we are not obligated to bring dead companies back to life. ”
"So, you want to make five dollars on the remains of the business?" Katie asked unhappily, "Isn't it a little too much?" ”
"Why not? Maximizing profits is the purpose of business...."Lin Yilong was no longer surprised by this, "although it is a little unkind to say." Unfortunately, subsidizing other people's charity with one's own money is at least not a professional consideration of businessmen, nor is it the pursuit of commercial enterprises. ”
"Corporate Social Responsibility ......"
"Corporate social responsibility is about providing goods and services to this society, not providing jobs and benefits. Lin Yilong asked rhetorically, "In the increasingly harsh business competition, this responsibility is getting smaller and smaller. There is a fitting saying in the Bible that 'the rich get richer and the poor get poorer.' In this situation, what can I do to learn from James II or Vladimir Ulyanov?"
"I mean, if we can make four or five shares, why can't we take one and give a small severance pay to the workers who are bound to be laid off?" Katie didn't want to quarrel with Lin Yilong because of "charity", "At least...... It looks better this way. ”
This deal can satisfy "everyone" [author's insert: deliberate pun], as for the industrial workers who have been laid off, they are not among the "everyone", so there is no "person" to properly handle their departure and stay.
"That's fine, but Katie you have to measure the key points, and I don't want this kind of charity-induced accident to reduce our expected returns. I didn't even 'pity' my fellow citizens in the East last year, let alone the situation now. Lin Yilong surprised Katie and decided to stop, "But now, you can't do this openly, at least not as a senior assistant lawyer at Lynn's! ”
"Would you like to let go?" asked Katie.
"As I said before, I'm interested in Katie, a girl, not as an assistant lawyer or an employee of my chief secretary. "Whatever attitude you take on this matter, I will make a net profit: if you take action, you can accumulate popularity among the voters through this matter anyway, and on the contrary, I can reap a sum of money more practically - it all depends on how you choose, and I don't care." ”