Chapter 309 The Controversy over the Acquisition of Burger King

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"Why do you have time to come to me today?" Guo Shouyun said.

"I have something to discuss with you, and I don't know about the two of them!"

After saying that, Catherine and Guo Shouyun's eyes turned to Mata and Julia.

"I'm coming to see Elizabeth and George!"

Julia was quick to make her purpose clear.

Mata met the eyes of the two, more precisely Guo Shouyun's, "Bruce, I'm here to resign to you." I am no longer competent as the executor of the Kwok Charitable Foundation. ”

"Your candidacy for the Senate has come to fruition?"

Regarding Mata Lincoln's resignation, Guo Shouyun is not surprised. Growing up, he knew very well that the playmate's target was politics.

"Not yet, but Speaker John has already talked to me, so it shouldn't be a big problem!" Mata said with a smile on his face.

"Congratulations!"

"Hehe, in fact, thank you for being able to go so smoothly. If it weren't for the connections accumulated through the platform of the Kwok Charitable Foundation, I would not have been able to get a senator so easily. ”

To date, Guo Shouyun has donated more than $5 billion in equity and cash to the Kwok Charitable Foundation. Even if only 5% of the annual charity is used, it is a staggering scale. With so much money to pave the way, Mata Lincoln can't get another state senator, and his political career will be over.

"By the way, do you have a choice for the next executor of the Foundation?" Mata continued.

"Nope. Do you have the right person to recommend to me?"

"What do you think of Julia? She's a lawyer, and she also worked on the school's charity board when she was in college, so she has some experience!"

"Julia?"

Guo Shouyun was a little surprised to look at the woman sitting quietly next to Mata, with wisdom in her eyes.

After knowing each other for so long, he knows a lot about Julia. In addition to excellent knowledge and rich experience in the legal industry, the other party also has a very superior family background. My father and grandfather were both in the upper echelons of the American legal community. It is indeed more appropriate for her to serve as the executor of the Kwok Charitable Foundation.

After thinking about it, Guo Shouyun nodded. Anyway, as the executor of the 'Guo Charity Fund', the other party only has the right to use the 5% of the funds, and the right to use the finance and 95% of the funds is in the hands of the 'Guo Family Trust', that is, Guo Shouyun. Therefore, he is not afraid that the other party will exceed his control.

"Of course Julia is fine. But what do you think? Are you going to let her enter politics like you?"

"Not really. Mainly because we were getting married soon, and later it involved monthly travel. In addition, she is very fond of children. So, she plans to change to a more relaxed job. It just so happens that the executive of the 'Kwok's Charitable Foundation' has a high salary, good treatment, and is relaxed, and it just so happens that I am also planning to leave. In your words, 'Fat water does not flow into outsiders'!" Mata said with a shrug of his shoulders.

"I see! You guy has a good plan!" Guo Shouyun said.

"Thank you, Bruce!" said Julia.

"No, I don't. Like this guy said. Fertilizer and water don't flow into outsiders' fields, and you're really a good fit for the position. However, Julia, managing the Kwok Charitable Foundation is easy, but sometimes it is not easy, especially when dealing with those who come to the door to ask for the accounts!"

Julia naturally understood who Guo Shouyun's mouth was the 'guy who came to ask for accounts'. Everyone, both at home and abroad, likes money that can be obtained at no cost. Therefore, in the past two years, Guo Shouyun has received countless cases of churches, foundations, and hospitals coming to the door under various names.

"It doesn't matter. I love working with people like that the most. ”

"Julia is a lawyer!" reminded Catherine.

Guo Shouyun nodded, and asked instead, "What about you, why don't you stay with your Liu Zhixing and come here?"

"Didn't you just say it? It's a matter of the company!"

After giving him a blank look, Catherine took out a document from the briefcase next to her and handed it over.

After taking a brief look, Guo Shouyun raised his eyebrows, "Burger King?"

After nodding in the affirmative, "Because of poor management, Burger King is now looking to sell." At present, the most interested is the PE Capital Group led by Texas Pacific Group and Pioneer Capital. However, I think Burger King is a better fit for us!"

"Just because we're in the fast food business too?... Catherine, you know that Kuok's Paradise's fast food is just incidental, and it is different from Burger King, a fast food group with tens of thousands of stores around the world. Guo Shouyun said solemnly.

"I know. However, there is still a profit to be mined in the fast food industry. Burger King is one of the world's top three fast food brands, second only to KFC and McDonald's in popularity and recognition in the fast food industry. In addition, if Burger King is acquired, it will be possible to merge Paradise's food production center with Burger King, further saving labor expenses and increasing the revenue ratio. At the same time, we can also use our channels to get Burger King out of the loss situation, killing two birds with one stone!"

Catherine also stood by her opinion.

"How much money does it cost to acquire Burger King?"

"About $1.5 billion!"

"$1.5 billion, Catherine, with that $1.5 billion, Paradise can double in size from what it already has!"

"I know, but we should also see the acquisition of Burger King improve the overall business structure of the group. ”

"Catherine. Right now, retail and agriculture are where we really need to focus our efforts. Slaughtering, logistics and catering are all complements. Moreover, Guo's retail and agriculture now account for no more than 10% of the same industry, which is far from dominating the US market, let alone the world market. At this time when we should lay the foundation, distracting the catering industry is not in line with our current development strategy, let alone the future of the enterprise, and we do not have such strength. ”

"Enterprise development should be based on the long-term, this is what you once told me. The acquisition of Burger King is not just a complement to Kuok's Foodservice. What's more important is the international experience of Burger King, as well as the experienced staff under her belt. These staff members can compensate for the lack of experienced customers in the rapid expansion of Palacia. ”

Looking at the two of them who were red-faced, Julia, who was sitting on the side, showed a trace of shock and anxiety on her face.

"Don't you persuade them, they look like they're going to fight!"

"No, it won't. I've seen a lot of them since I was a child. If you can't fight, just don't worry about watching the show!" After waving his hand, Mata said unconcernedly.

Looking at him with a look of 'it's not a big deal to see the excitement', Julia glared at him with a little annoyance.

"Bruce, Catherine, stop arguing. Actually, if there is anything, you can sit down and discuss it slowly!"

Julia couldn't break her own principles after all.

"It's okay!" Catherine smiled at her, and the moment she turned her head, her face had returned to her previous spiciness, "I must buy Burger King!"

"I don't have any money for you!" Guo Shouyun said without hesitation.

"You don't need to give money, we can solve the acquisition funds ourselves!"

"It is not allowed to use the assets of the Kwok Group as collateral loans, let alone issue ABS bonds!" Guo Shouyun said again.

"I promise not!" Catherine said through gritted teeth.

"Huh, this is strange!" Guo Shouyun was surprised in his heart, "Then what method are you going to use?"

"If I say so, you're going to sign the acquisition contract?"

"No!"

"Forget it!"

Looking at Catherine's expression, Guo Shouyun turned a few thoughts in his heart, "You don't plan to use a leveraged buyout, do you?"

Catherine's eyes flashed, although she didn't nod in time, Guo Shouyun knew that she had guessed correctly.

"Are you really planning a leveraged buyout?"

"Can't you?"

"Of course not...!" was about to refuse, but when the words came to his lips, Guo Shouyun took them back. After thinking about it for a while, "If you're going to buy out of leverage, it's not impossible. ”

"Really?" Catherine's eyes lit up.

"Of course. But there is a prerequisite!"

"What conditions, you say?"

"It's simple. After the acquisition of Burger King, subsequent debts can only be repaid with Burger King's own revenue. shall not implicate the Kwok Group. It is not allowed to use the group's funds to cover Burger King's own debts. ”

If, without compromising the Kwok Group's own development funds, Catherine can really bring Burger King back to life, then it will also be a good thing for the group. If not, then the acquisition of Burger King will not make Kwok lose money. Because the era of the U.S. real estate boom is coming soon. The appreciation of the land alone is enough to make up for the capital deficit of Burger King.

"I can agree, but as the first capital to leverage leverage, the group investment cannot be less than 500 million US dollars!"

"No, up to 200 million. Otherwise, it will slow down the development of the group!"

"It's too little, even if there is no 500 million, there should be 450 million!"

After the two bargained for a while, they agreed on a $280 million investment. This is the end of the matter.

"It's really boring, I thought you would refuse!" Mata glanced at Guo Shouyun and pouted.

Guo Shouyun smiled and didn't say anything. In fact, at the beginning, he did intend to refuse. Because now he is thinking more about reducing the scope of business of the enterprises he is involved in and concentrating on the development of several industries. Wait until these industries become bigger and then think about expansion.

But after an argument with Catherine, he realizes that her original intention of buying Burger King was not wrong. If it can win this world-class catering company, it will indeed be very beneficial to the development of Guo's. Not to mention anything else, the promotion of the Kwok's brand alone is exciting. Moreover, Burger King's operational experience, as well as its experienced staff, are beneficial to Kuok's development. Now, Kwok's is not short of funds, but there is a shortage of experienced service personnel, especially middle-level managers such as store managers.

In addition, when it comes to understanding Kwok's and Kwok's development strategy, he is definitely not as good as Catherine as the CEO of Kwok's, who is far from Kwok's operation. Whether it was out of respect for her or Catherine's successful experience at the helm of the Kwok family over the years, as long as it was not the kind of project that he thought was bound to lose, he was willing to support the other party's decision.

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