Chapter 0603: Billion Marks
At the press conference of BMW AG, after a brief shock, it fell into a frenzy for a long time.
The past two days have definitely been hot news, one after another!
Just the day after Tianming announced that it was about to acquire Rolls-Royce, BMW announced that it would join the competition, and at this time, there was only one day left before Tianming completed the transaction.
It can be said that the news announced by BMW is definitely more shocking than the news announced by Weeks Group yesterday, because from this moment on, BMW has officially walked on the opposite side of Tianming Automobile Company.
BMW's behavior is equivalent to the fact that the couple of Tianming Automobile Company and Rolls-Royce Company have announced that they want to get married, but at this time, BMW, which is rich and handsome, announced in a high-profile manner: I want to rob the marriage!
"Can you ask BMW whether this open competition is deliberately targeting Tianming Automobile Company?"
"As we all know, Wix Group and Tianming Automobile Company have reached an agreement on the acquisition of Rolls-Royce, is BMW's behavior against market rules?"
"Is it convenient to tell me how much is the specific price of BMW?"
…………
The reporters at the scene stretched their microphones to the front, and threw one question after another at Rodriguez.
As the CFO of BMW Motor Company, corporate mergers and restructuring have always been Rodriguez's best areas, but he is not panicked at all in the face of these reporters' questions.
"First of all, this is just a normal business competition, BMW does not target any third party, and we also welcome other powerful companies to participate in this acquisition competition, so please don't read too much. ”
"Secondly, since the establishment of BMW Motor Company, it has always been its unshirkable obligation to maintain market order, although Tianming Automobile Company has reached a preliminary agreement with the Rolls-Royce Group, but the two sides have not signed a formal cooperation agreement on the acquisition of Rolls-Royce, from the legal point of view, Rolls-Royce is still the property of the Vicus Group, since the Weeks Group wants to sell Rolls-Royce, our BMW Company naturally has the right to participate in the acquisition of the competition. ”
"In the end, our BMW company's offer for the acquisition of Rolls-Royce is one billion marks!"
In response to the questions raised by these reporters, Rodriguez answered them one by one.
At the same time, far away in the headquarters of the Weeks Group in the United Kingdom, Chairman Williams also received a letter of intent from BMW to acquire the company, in addition to the development plan submitted by BMW on Rolls-Royce, followed by an offer of up to one billion marks, converted into US dollars of 571 million US dollars.
Being able to prepare all these documents such as the letter of intent for the acquisition in less than a day is enough to see that BMW's desire to acquire Rolls-Royce is definitely not a matter of a day or two, but a premeditated one.
After getting this letter of intent to acquire, Williams' hands were trembling faintly, and BMW intervened at this time, which can be said to have completely disrupted the original plan of the Wicks Group.
"This BMW company is really going to give us a problem!" Williams paced back and forth in the office, his mind blank.
Morally speaking, the Wix Group has reached a preliminary agreement with Tianming Automobile Company to buy Rolls-Royce, and Williams should not go back on his word and be affected by BMW's offer.
However, from the perspective of maximizing the interests of the Wix Group, BMW's offer is more than $70 million higher than that of Tianming Automobile Company, and this part of the premium cannot be ignored by Williams, after all, BMW's offer is nearly 20 percent higher than Tianming's offer!
If it was the same offer, Williams would never think about it, and would definitely insist on selling Rolls-Royce to Tianming Motor Company, but there are so many more at once, I have to say that Williams is moved.
"Call all the board members to the conference room and wait for me right now, and in an hour, a board meeting!" Williams finally picked up the phone and said to his secretary.
Tomorrow is a shareholder meeting, and Williams must work out a solution today.
At this time, the press conference on BMW's side is also over, and the news that BMW will participate in the acquisition competition of Rolls-Royce is like having wings, starting from Germany, quickly spreading to the whole of Europe, and then to the rest of the world!
All the news media have never been as busy as in the past two days, and in order to seize the timeliness of the news, all the media have reported the news briefly in the first time.
"A Billion Marks: Rolls-Royce Acquisition Makes Comeback!"
"Yesterday, the news that Tianming Automobile Company from China spent $500 million to acquire Rolls-Royce caused a huge sensation in the entire international automobile industry, and just when everyone thought that the British century-old luxury car brand would be merged into Tianming Company, Germany's BMW Company just officially announced that it would offer one billion marks to compete for the ......acquisition of Rolls-Royce Company."
"One is a new upstart in the car, the other is a car giant with a history of 100 years, this battle for the ownership of Rolls-Royce, who will be spent, let's wait and see!"
Not long after the "Der Spiegel" report was issued, Germany's "Frankfurter Review" also conducted a more comprehensive analysis and report on this matter with the headline of "The Competition between Eastern and Western Capital: Rolls-Royce Companies", the newspaper believed, "Just like BMW said, this competition is just an ordinary business behavior, and the final result is, in the final analysis, a battle of capital, and from this point of view, BMW will have a greater chance of winning." ”
Not only these newspapers, but even major European TV stations are competing to broadcast this event, and some even invited automotive experts to comment on this time.
At the same time, on the side of the Weeks Group, under the organization of Williams, all the members of the board of directors also came to the conference room, ready to hold the second board meeting in the past few days.
"I won't say more, I believe you should have heard about it, just now, BMW announced that it will participate in the acquisition of Rolls-Royce with an offer of one billion marks, and BMW's letter of intent to acquire has also been delivered to us, I want to discuss with you how to look at this matter. ”
Williams raised the letter of intent in his hand and asked with a solemn face.