Lao Lu of Fengxing Capital proposed a new acquisition idea, that is, "share exchange mergers and acquisitions".

For this share exchange merger, several people present, especially people in the mixed investment circle like Zhou Dajieke, are of course very familiar with it.

A share exchange merger and acquisition (M&A) refers to the exchange of the target company's shares for the company's shares in a certain proportion, and the target company is terminated or becomes a subsidiary of the acquiring company.

Depending on the specific method, there can be three scenarios:

1. Capital increase and share exchange. The acquiring company achieves the purpose of acquisition by issuing new shares, including common shares or convertible preferred shares, to replace the original shares of the target company.

2. Exchange of treasury shares. In the U.S., the law allows the acquiring company to use that portion of its inventory to replace the target company's stock.

3. The cross-exchange of shares between the parent company and the subsidiary is characterized by the triangular relationship of share exchange between the acquiring company itself, its parent company and the target company. Usually after a share swap, the target company either dies out or becomes a subsidiary of the acquiring company, or a subsidiary of its parent company.

"Haha, Mr. Lu is joking, can the shares of Lebee and Meigou be compared?" Zhou Da showed no mercy.

Lao Lu's face was a little red, but he still tried to distinguish it: "We can make some concessions on the valuation of Lebee.com." ”

His popular investment is a loss on Lebee.com, and this time Meigo.com proposed to acquire Lefeng, which made him see another opportunity. It would be great if you could take the opportunity to get some shares of Meigou.com, and anyone can see that the growth space of Meigo.com is huge.

It's a pity that several representatives of Meigo.com are not stupid, and Zhou Da insisted that it could only be a cash acquisition, and it would never be possible to agree to a share exchange merger.

The negotiations reached an impasse, and Zhou Da bit it to death for 300 million cash acquisition, and there was no more point. Lao Lu felt that the price was too much to lose, and he wanted to struggle hard.

In the end, Wang Ye got impatient when he heard it, knocked on the table and said, "It's almost over today, Mr. Lu, you can go back and discuss it, and talk about it tomorrow." However, I also want to say that whether or not to acquire Lebee.com makes little difference to our Meigo.com. However, with or without the acquisition of Meigo.com, the difference may be very big for Lebee.com. ”

Listening to Wang Ye's words, Xu Jing and Lao Lu were silent, and the two of them knew better than anyone else about the current situation of Lebee.com.

As Wang Ye said, if Meigou does not acquire. It is still the leader, and its development will only get better and better.

As for Lebee.com, there is basically no possibility of resurrection, and the current situation can still sell for hundreds of millions, if you throw another sum of money into it to support a few months, the valuation may not be as good as it is now, because the website users have been losing, and sales are getting lower and lower.

When the two packed up their documents and were about to leave with their assistants, Wang Ye opened his mouth and called out to Xu Jing: "Mr. Xu, please stay." ”

Xu Jing stopped and turned his head suspiciously, looked at Wang Ye, and heard him say, "Let's have dinner together, I have long wanted to meet and talk to Mr. Xu, but this time I finally have a chance, haha......"

Faced with Wang Ye's invitation, Xu Jing hesitated a little and agreed. She also wanted to know if Wang Ye had anything to say, it was definitely not just a meal.

Lao Lu was worried, worried about what private transactions Xu Jing and Wang Ye would do, but he didn't want to speak directly, so he said tactfully: "Mr. Xu, don't go back to the company too late, we have to hold a board meeting tonight to discuss it." ”

Xu Jing nodded slightly, indicating that she would pay attention to the time.

This dinner, Wang Ye invited Xu Jing alone, only the two of them, not even the secretary and assistant. No one knew what the two of them had discussed, and neither had revealed any details of the dinner meeting.

The time was not very long, and after more than an hour, the two walked out of the Zijin Pavilion Chinese restaurant side by side and parted goodbye.

Xu Jing's expression now is obviously different from when she first came in the afternoon.

In the afternoon, she was still tired and lost, but now she is full of spring breeze, and her steps are much brisker.

Driving back to the office building where Lebee is located, the board of directors is about to start.

In the conference room, Lao Lu looked at Xu Jing, and always felt that something was wrong, and he asked suspiciously: "I don't know what Wang Dong and Mr. Xu talked about, did you talk about this acquisition?"

Xu Jing smiled slightly: "It's nothing, it's just a simple meal and chatting for a while." ”

I believe you are a ghost! Lao Lu complained in his heart, but he didn't want to ask anything more.

At the beginning of the board of directors, Xu Jing informed the shareholder representatives of the specific situation of the acquisition negotiations this afternoon.

When he heard that the price of Meigo.com was only 300 million, and he was unwilling to give in, the conference room immediately boiled.

"Let them die!

"This is a naked robbery, I won't agree to it!"

"Is there really no room for negotiation? This price is too low, you know, in the past few years, the cash invested by several of our investment banks has cost six or seven billion yuan. ”

Lao Lu smoked fiercely, noncommittal to everyone's discussion. He was also dissatisfied with this offer from Meigou.com, but what can he do, there are no conditions if he wants to be tough.

Xu Jing listened for a while, and saw that everyone couldn't stop, so he clapped his hands and said, "Okay, what's the point of saying these angry words." I have a lot of responsibility for Lebee.com to get to this point today, but everyone knows that I have also invested a lot of money in the company with real money! If I hadn't kept most of the profits of that private label on the website, I would have made a lot of money over the years. ”

Everyone was silent, indeed, although everyone complained that Xu Jing did not do a good job of Lebee.com. But no one can accuse her of selfishness, and the main product of Lebee.com is Xu Jing's own brand "Jingjia".

The sales of this brand are still good, in order to make Lebee's financial report look better, Xu Jing basically left the profits of this brand in Lebee. From this point of view, Xu Jing's contribution is no less than anyone present.

Seeing that everyone stopped talking, Xu Jing continued: "People always have to face reality! Since this investment is destined to lose, then everyone should not have any illusions, and hope to turn the tables." My suggestion is to accept the quotation of Meigou and stop the loss in time!"

Lao Lu knew in his heart that Wang Ye and Xu Jing must have made some promises when they met in private. Otherwise, Xu Jing would not have accepted the offer of Meigou so happily, but he had nothing to do.

Xu Jing is the CEO of Lebee.com, and has a lot of influence in the cosmetics industry and the media circle, and her management ability is also very strong, otherwise it would be impossible to start a business in her 20s and single-handedly start Lebee.com.

Of course, her ability is not enough to see compared to a demon like Wang Ye, but it cannot be denied that she is still valuable.

Maybe Wang Ye bought Lebee.com for Xu Jing, a talent, thinking of this, Lao Lu thought clearly.

Since this is the case, there is nothing to fight for, if you want to make concessions on your side, maybe Meigou will really stop the acquisition immediately, and then wait for Lebee to go out of business, and then dig Xu Jing over.

"Okay, I've figured it out too, since it's destined to lose, then don't dwell on it, be decisive. Maybe missing this opportunity is the real loss. Lao Lu showed his attitude.

Seeing that the two major shareholders of the company have expressed their positions, the other small shareholders look at each other, not knowing what to do.

……

Wang Ye did not participate in the next day's negotiation again, and he took Liu Ruomei with great interest to prepare to climb the Great Wall.

Take the special car provided by the hotel and come to the foot of Badaling.

"Sir, it's already here. The driver said respectfully.

Wang Ye didn't get out of the car, he opened the window and looked up into the distance, only to see that from the entrance, it stretched to the distance in the mountains, densely packed with people!

It's the beginning of July, and the students are on vacation......

"Turn around and go back to the hotel, I'm not going anywhere today! I'm going to swim in the hotel. Wang Ye commanded decisively.

Liu Ruomei was in the passenger seat, covering her mouth and snickering. Of course, she understood why Wang Ye did this.

With so many people, how to climb the Great Wall, it feels terrible to think about it. The face is against the buttocks of the person in front of you, and then there is someone behind you who keeps pushing you forward. There are people in front of you, left and right, and you can't breathe fresh air except for the smell of sweat.

This is simply a crime, how can Wang Ye endure it.

As for the other attractions in the capital, there is no need to think about it, during the holidays, these so-called places of interest were all occupied by students, and there were crowds of people everywhere, so Wang Ye did not go to join in the excitement.

Back at the hotel, Wang Ye changed into a swimsuit and swam a few laps in the hotel's outdoor pool, and Liu Ruomei was also accompanying her.

When they are tired of swimming, the two of them lie side by side on the deck chairs by the pool, drinking cold juice, which is called comfort.

"Xiaomei, you have to eat more meat, otherwise others will think that I am abusing employees. Oh, and eat more papaya. Wang Ye glanced at Liu Ruomei's thin figure and said with a sigh.

"Ah, chairman, you're making fun of me again!" Liu Ruo said coquettishly.

Her figure is indeed a sore spot for her, like a little girl who is not fully developed, but she can't be blamed for that. Now that Liu Ruomei goes out to eat, there is a must-order dish, that is, papaya snow clams!

It's a pity that this kind of legendary big supplement can't save her.

……

Wang Ye took the little secretary to be at ease, and the other people involved in the negotiation did not have such leisure.

The negotiators of Meigou and Lebee have been nesting in the hotel conference room every day for the past two days, arguing with each other. On the table, there are a lot of documents, all kinds of data reports.

"Well, we've been talking for three days! In addition, Wang Dong has already spoken, and the negotiations must be concluded today! Our final offer is 320 million yuan, and there is no room for further increases. If you agree, sign the agreement today, if not, we will leave the capital tomorrow!"

Zhou Da made the final word.

Lao Lu and Xu Jing glanced at each other, and then said in unison: "Deal"!