Chapter 56: Fierce Fighting
Half an hour later, Tang Bao returned to the hotel.
Li Zhen saw Tang Bao coming back and asked softly, "Is there a result, what did Mr. Roger say?" ”
She knew that Tang Bao's trip to the manor this afternoon was intended to win Roger's support, and at this moment, seeing Tang Bao's calm face, as if nothing had happened, she couldn't help but be a little worried. There were inevitably setbacks in business, and she had seen her father's business fail, and he was so drunk that he had a gloomy face for a long time, and even when he came home, he didn't smile much.
And Tang Bao's calmness at the moment is also a little abnormal.
Li Zhen couldn't help but worry in her heart.
Tang Bao smiled and said: "It's okay, the meeting with Roger has achieved its goal, and I think too much, this old fox knows that Ito-Yokado Group is involved, and he is holding me and Ito-Yokado Group to fight for your life, and he is thinking of taking advantage of the fisherman." ”
"However, today I fell in Roger's manor and unexpectedly met the president of the Ito-Yokado Group, Masatoshi Ito."
With Ito Masato's performance in the afternoon in mind, Tang Bao also had to sigh secretly, an uncle in his fifties on the other side could bow deeply to him as a teenager, and that kind of bearing and etiquette were really impeccable. This kind of behavior may seem ridiculous to many people, but many people are not to blame, and they can adapt to it anywhere. Masatoshi Ito's bow will not make anyone despise him, but will make people feel happy physically and mentally.
After Li Zhen heard this, she was surprised: "Ito Masatoshi is also here for the American Southern Company?" ”
"It should be."
Tang Bao said calmly, during this period, Masatoshi Ito came to Dallas, in addition to the acquisition of the American Southern Company, what else is worthy of his attention?
"In recent years, Japanese capital has been investing in the United States very violently." Li Zhen reminded faintly.
Since the yen has entered the fast lane of appreciation against the US dollar, Japanese companies have been investing very quickly abroad, especially in the United States. Any company they fancy will be won at any cost. The Americans were so frightened that they all exclaimed that Japan was going to buy the whole of the United States.
At this time.
It was the wave of acquisitions of American companies by Japanese capital, and the Japanese went crazy to buy American assets, such as Rockefeller Center, Pebble Beach Golf Course in California, Columbia Pictures, ...... It is estimated that by the end of the eighties, Japan will own 10 percent of the real estate in the United States.
In short, it is a lot of money, and it is capricious.
When encountering such a crazy opponent, it is no wonder that Li Zhen has heart palpitations.
Of course.
Li Zhen still doesn't know the identity of the main shareholder of the Ito-Yokado Group, and if she sees this clearly, I'm afraid she will feel a sense of despair.
……
"Ito-Yokado's initial offer of $600 million should not be low, and given their eagerness to acquire the '7-Eleven' brand, the premium may exceed our expectations. Angela is going to laugh this time, the negotiations may be deadlocked, and I don't bother to come forward again. Tang Bao knew that when he raised the offer again, it would be the day when he and Ito-Yokado started a price war.
I dare not say it for a long time, but it is by no means a winner in three or two days.
Thinking of the situation he was going to face, Tang Bao's brows were also furrowed, at this moment, according to the solar calendar, it was already January 1988, and it was not far from the Chinese New Year. The calls from the old man in China urging him to return to China were one after another, and Tang Bao also intended to return to China.
Originally.
After he finished acquiring the American Southern Company, there was still a lot of time to spare, so there was no need to hurry. But suddenly Masatoshi Ito was killed halfway, so that the smooth acquisition became stalemate, and the time was out of time. Tang Bao is also unsure whether the acquisition will be completed before the Spring Festival.
After all.
Some business mergers and acquisitions can last for months or even years.
"Nick, tomorrow's negotiation will be up to you, and I'm afraid we'll have to go through several rounds of price competition with Ito-Yokado." Tang Bao said.
"Understood."
Nick excitedly took over the task, he had been Tang Bao's personal assistant for some time, and he was doing nanny work all day, and now he was finally about to get in touch with an important matter, and he was very excited.
"Boss, you have to set a cap on the acquisition offer for me, or I'll ......" Nick was excited, but not dizzy.
Price cap?
Tang Bao groaned, he insisted on acquiring the American Southern Company, valued the "7-Eleven" brand, and he wanted to use the "7-Eleven" brand to carry out an in-depth layout in the retail industry.
"Let's put the cap at $1 billion for the time being."
"Ah......h
"What, you're crazy?"
Tang Bao's fluttering words provoked a fierce reaction from Nick and Li Zhen.
"Don't you understand the evaluation report of the Southern Company, it is not even worth half a billion dollars, what is the use of you spending so much money to buy it?" Li Zhen said eagerly, "I know that this acquisition transaction was ruined by Ito-Yokado, and you are not happy, but you can't fight for it." With these billion dollars, you can build a business that surpasses the American South! ”
"I'm calm now, I don't have any intention of fighting, it's all about business." Tang Bao explained calmly.
He admitted that Li Zhen's words were reasonable. A billion dollars, to build a convenience store brand, is really easy, but it takes time and manpower. What's more, he spent so much effort and countless hours, and in the end, what he got may not necessarily be able to achieve the results he expected.
The market is so big, and it will be much more difficult for latecomers to enter.
So.
Tang Bao resolutely wanted to acquire the American Southern Company and get the "7-Eleven" brand.
"Boss, are you sure you're not kidding?" Nick saw that the argument between the boss and Li Zhen was over, and asked cautiously.
"I'm normal, Nick. You negotiate with Angela according to this ceiling, and Ito Masatoshi also attaches great importance to the '7-Eleven' brand, but I'm afraid that this billion dollars is not enough. Tang Bao smiled lightly.
The next day, in the morning.
Nick came to the headquarters of the Southern Company alone, Angela hurried out to greet him, Ito-Yokado bid $600 million, she was waiting for Tang Bao's response, only if Tang Bao responded, she could fight for more benefits for the company. When she went out and saw that there was only Nick, Tang Bao didn't show up, she couldn't help but be surprised. "Could it be that Tang gave up ......"
However, Nick's words immediately dispelled the worries in her heart, "President Angela, I will do the next negotiations." ”
"Oh?" Angela was surprised that Nick was so valued by Tang Bao's side.
"Eight hundred million dollars. Here's a quote from the boss! ”
Nick said directly, everything that should be talked about has been discussed, at this moment, the need to change is just the price, and he doesn't need to talk nonsense.
"Ah......h
Angela was also stunned by this offer and fell into a momentary distraction, but quickly regained her composure, thinking that Toshiya Ito would also increase the price.
Eight hundred million dollars.
Nick was also deliberate, and the other party jumped out and raised the price by $190 million, and if he only increased by tens of millions of dollars if he stood up, he would inevitably be at a disadvantage. And he opened his mouth to respond with a sky-high price of 800 million US dollars, which will seriously hit the morale of the Ito-Yokado Group.
After all.
It's hard for Ito to predict that he'll quote a price that's even crazier than he is.
Soon.
Ito Masatoshi was notified by Angela that Tang Bao had offered $800 million, and if he didn't have a new offer, the American Southern Company would belong to Tang Bao.
An ordinary hotel.
Ito was discussing the details of taking over the American Southern Company with several assistants, and when they heard the news, they all fell into a terrible silence.
"Chairman Ito......" Several subordinates set their eyes on Ito Masatoshi, and the offer of 800 million US dollars overwhelmed them.
"Japan's 7-Eleven is an important brand of the Ito-Yokado Group, and controlling the American Southern Company is strategically important to us." The silent Ito Masatoshi spoke, although the offer of 800 million US dollars was unexpected to him, it definitely did not scare him.
"Originally, I was bidding $600 million, and one was to quickly sabotage their near-closing acquisition deal with a high price. In addition, he also wanted to show Ito-Yokado's determination to control the Southern Company in the United States, so that Tang Bao retreated, but he didn't expect his determination to be so firm. Ito said slowly, "Continue to raise the offer." ”
"Chairman, the total amount of acquisition funds authorized by the board of directors is only $700 million, and the ...... to raise the offer," Ito's deputy said with embarrassment.
"I'll communicate with the country."
Ito Masatoshi said lightly, he was beaten to the ground by the other party in just one round of quotations, so Ito-Yokado will be a laughing stock in the M&A market in the future.
……
"$810 million."
An offer from Ito-Yokado.
"$850 million."
Nick raised the price without blinking.
"$880 million."
"$900 million ......"
……
……
The purchase price of the two sides is also getting higher and higher, and it exceeded $900 million in the blink of an eye, which makes Angela, the president, excited and unable to sleep.
A company that is about to go out of business.
But there were two people who fought for him to the death, fighting for their heads and breaking the bloodstream.
Angela has reason to be excited.
……
Because there is still a lot of distance from the upper limit of the funds granted by Tang Bao, Nick is not under much pressure, and every time the price is raised, he doesn't even blink an eye, fast and ruthless, and that strong momentum makes Ito-Yokado not know where Tang Bao's bottom line is. On the contrary, Ito Masatoshi fell into passivity.
It's only a matter of rhetoric that Ito persuaded the board of directors to increase the acquisition funds, but now, they are facing the same problem, the money is not enough.
Helpless.
Masatoshi Ito dialed the phone number in China again......