Chapter 48 Acquisition Negotiations
Before rushing to Putai Company, Long Liyun did not know that the company that the Cao family wanted to acquire was Putai shares.
She is no stranger to this company, because when the family discussed the removal of the baby relationship between her and Li Jingwei, she had done some investigations, and she also saw the relevant information, and knew that the company currently operated by Li Jingwei's family also produces tires, that is, Putai shares.
Long Liyun never thought that the company that the Cao family wanted to collect was Li Jingwei's mother's company, otherwise no matter how curious she was about the acquisition, she would not have come.
After all, the family has just terminated the marriage contract with the other party, and he is accompanying his friends to the door to buy, isn't this a show off and a slap in the face. However, she had already walked to the door of the company, and she couldn't find an excuse to leave, so she had to follow in. In addition, I feel at ease when I think that I didn't know about it beforehand.
When the staff guided Cao Xiadan and the others to the conference room, Xiao Lin, Li Jingwei, and the lawyer and other staff were already waiting in the conference room.
Li Jingwei sat next to his mother, and when the staff introduced, they only said, "This is Mr. Li." "Didn't explain much. But the seat card in front of him still made Long Liyun notice him.
Since Long Liyun decided to come temporarily, the seat card prepared before the meeting did not have hers. She sat at the very edge of the negotiating table, mistaking her for a lowly staff member.
Long Liyun didn't expect to meet Li Jingwei here, so she couldn't help but look at Li Jingwei from time to time. Li Jingwei noticed Long Liyun's eyes, but he didn't think too much, he didn't know Long Liyun, and he also regarded him as a staff member of the other party.
"Chairman Xiao, we are very sincere, and we will continue to retain the Putai brand after the acquisition. I know you have a lot of affection for this business. After introducing the basic content of the acquisition plan, Cao Xiadan finally added.
The Cao family helped her to train her, so they let her lead the negotiation.
After Xiao Lin introduced the basic situation of the company, she did not express her position directly, but turned her head and asked Li Jingwei: "Weiwei, what do you think?"
This was also agreed in advance between the mother and son, and it was a young girl who led the negotiation with the other party, so Li Jingwei sang blackface. Even if the two have reached an agreement in advance, they can't agree to each other's proposals right away, or put forward all their own demands at once.
Shopping malls are like battlefields, even if they are 90 out of 10 transactions, they must be 100% serious.
"Thank you very much for Mr. Cao's sincerity. Li Jingwei said unhurriedly: "We also feel the sincerity of your company. However, the offer of a 30% premium is really unacceptable to us. ”
There are a few points, I hope Mr. Cao and you will seriously consider it: First, with the development of the Chinese economy, the middle class group is gradually forming, and this group has a rigid demand for automobile consumption. In addition, economic development has also greatly provided disposable income for the majority of residents. This shows that Huaxia's automobile industry has a broad space for development, and it also means a huge demand for automobile tires. Moreover, tires are a consumable demand, and after owning a car, tires have to be replaced every once in a while as consumption requires. In other words, the demand for tires is a continuous demand. ”
"Second, you just mentioned that many companies are starting to enter the tire manufacturing industry, which will intensify market competition. In my opinion, competition is everywhere, except for some monopolistic industries, there is competition in any industry. The point of the question is why so many companies have entered this industry, and it is clear that everyone is optimistic about the future development of this industry. Just as people wear shoes, cars use tires. The large number of companies entering the industry seems to us to be indicative of the great appeal of this industry.
In addition, Mr. Cao and everyone should not forget that Putai shares are located in Puhai City, the economic center of the country, Puhai City alone has a population of 30 million, and Putai shares have obvious geographical advantages in the local area. In China, Puhai City is traditionally a symbol of quality, and being able to maintain a dominant company in Puhai City itself shows the competitiveness of Putai shares. ”
Li Jingwei paused for a moment, and then said: "Your company has now entered the vehicle manufacturing industry, and has a competitive advantage in automotive glass, accessories, etc., if you can successfully acquire Putai shares, it will have more advantages in improving the industrial chain." After the successful acquisition, it can better play the coordination effect and truly achieve the effect of 1+1>2. ”
"Frankly speaking, we are also very pleased to hand over Putai to a responsible enterprise group like Cao's Enterprise. But the trade is always fair trade. So, a premium of less than 45% is unacceptable for us. We also plan to seek potentially more suitable buyers.
Li Jingwei's remarks not only emphasized the value of the company, but also hinted that selling the equity to others was not ruled out. And if it is sold to others and introduces a spoiler to the Cao family, this is what the Cao family absolutely does not want to see.
Cao Xiadan secretly scolded the 'little fox' in his heart, but still said with a smile: "45% is impossible, which is also very rare from the perspective of domestic and foreign acquisition cases." Several major institutional shareholders have already expressed their support for the share acquisition, and if you do not agree, it will not affect our current restructuring of the board of directors. ”
In contrast, the threatening meaning in Cao Xiadan's words is **naked.
In other words, if you don't agree to sell, we'll reshuffle the board of directors with the other shareholders and kick you out.
"It's true that we don't want to see a board reshuffle, and that's why we're sitting down with you. Although he withdrew from the board of directors, 21% of the voting rights were indeed real, and it was still possible to express his reasonable opinions when convening a general meeting of shareholders. If we transfer our equity to another company, or a competitor of Cao's company, it is difficult to guarantee that the company's future decisions will not be affected. I think that's what you don't want to see. Li Jingwei said.
The implication is that you can reshuffle the board of directors, but you have to approve the shareholders' meeting on major issues, and I can vote against it when the time comes. If you find a spoiler, you'll be even more uncomfortable.
Cao Xiadan was angry for a while, and almost ran away, so he forced out a smile and said: "In this case, I can't talk about it today, the premium of 45% is not within the scope of my authorization, I need to report to the company and make a decision." After speaking, he was about to leave, but seeing that Li Jingwei was unmoved, he had to add: "Let's talk about it tomorrow." ”
"I'm sorry, but not tomorrow. Tomorrow we have made an appointment with an international tyre giant to negotiate. Li Jingwei still said unhurriedly, his face was not red and his heart was not beating.
So what tire giants have to talk about, it's just to bluff each other. But the other party is not sure about this matter, and two days ago, an international tire giant just came to Huaxia and expressed its intention to enter the Huaxia market, which increased the credibility of the above statement. He's betting that the other party doesn't dare to bet.
Sure enough, hearing this, Cao Xiadan almost fainted. I didn't expect this guy to be so tough.
"Weiwei, talk to Mr. Cao, I think Mr. Cao is very sincere. Xiao Lin said, "Mr. Cao, please take a seat." ”
After this confrontation in the negotiations, the initiative has quietly shifted, and in the entire negotiation process, Xiao Lin quietly dominated the entire negotiation process.
In the end, a 37% premium was obtained, and an agreement was reached for the acquisition of Putai Energy for 1 yuan. In the process of preparing the documents by the lawyers of both parties, Cao Xiadan stared at Li Jingwei with hatred from time to time, while the latter was carefully reviewing the terms of the contract, ignoring the lethality of this look.
However, for Cao Xiadan, the conditions are also within the acceptable range. Before coming, Cao Longsheng explained that the acquisition premium could not exceed 40%. As for the delivery of the purchase price within two weeks, this is within the scope of Cao's enterprise preparation, so it does not pose a problem. Regarding Xiao Lin's proposal to acquire Putai Energy for 1 yuan, Cao Xiadan also agreed after asking Lao Cao. In this way, the acquisition of the target price of 10 billion yuan was agreed at 8 o'clock in the evening.
Walking out of the Putai building, although Cao Xiadan was physically and mentally exhausted, she was also a little excited, this was also the first time she had made such a big deal, and she still had some sense of accomplishment if she could successfully reach it within an acceptable range.
Long Liyun also witnessed the back and forth of you and me during the negotiation process, and her little face was also red when she came out, and such a 10 billion acquisition also made her quite excited.
Li Jingwei's calmness and calmness throughout the whole process also surprised her. As far as she knew, Jingwei here was only 21 years old, four or five years younger than her, how could she be so calm.
However, if she knew that Li Jingwei held 57% of the shares of Jixun, which has a market value of 100 billion US dollars, she would probably know why Li Jingwei was so calm.
Long Liyun didn't think much about the regret that his father and grandfather showed after returning from the Li family's divorce. But when she saw Li Jingwei today, she actually had a feeling that she couldn't see through. This feeling is not in Zhu Siyuan, nor in the rich second generation or *** that Zhu Siyuan has befriended.
She didn't fall in love with Li Jingwei at first sight, but she felt that the looming kingly demeanor in him appeared in such a young man, and she was very puzzled. Especially Li Jingwei's dark and pure eyes that seem to penetrate everything, which are unforgettable.
When she returned to her apartment, she reported the purchase to her father and grandfather. The two were also embarrassed when they heard it, and a company that had been in business for many years was acquired in this way. Regarding what Long Liyun said about her perception of Li Jingwei, neither of them said anything.
When she accompanied her mother to leave the company, Li Jingwei could feel the loss and pain in her heart, and the reluctance to look back at the company building.
"Mom, in no time, you'll find out that you've made the right decision today. Li Jingwei cheered Xiao Lin up: "I firmly believe that with the popularization of new energy vehicles, the battery industry will have broad prospects." Moreover, compared with automobile tires, battery is an industry with a high technical threshold, once it has a first-mover advantage in technology, it will be in a dominant position in the competition. Moreover, from the perspective of the contribution to the overall social and economic development, it is not comparable to tire manufacturing. ”
Xiao Lin is also very satisfied with the performance of her son, who has taken an extra 7% premium and has a potential company. Thinking of this, I can't help but feel a little better.