Chapter 57: Ito's Visit
In the matter of the acquisition, Nick played with them, Tang Baoqing was very idle, and he took this opportunity to accompany Li Zhen to tour Dallas, and the relationship between the two became more and more intimate.
At noon, Tang Bao and Li Zhen had a meal at a small restaurant inside the University of Dallas.
During this period, Li Zhen mentioned the acquisition of the Southern Company in the United States, and the matter was handed over to Nick, but after all, it was about a billion-dollar transaction, which was much more valuable to her company, and she always unconsciously worried, like Tang Bao and a nobody, heartless. She was thinking, which of the elites in the shopping mall is not so busy that their feet don't touch the ground, and it is really strange that someone like Tang Bao can earn such a huge fortune by being idle and panicking.
Hearing Li Zhen's words, Tang Bao also showed a weird smile, and said secretly, if you are reborn and come back, you can easily earn this money.
But.
Saying that he is idle, Tang Bao doesn't think so, he hasn't stopped for a moment since he was reborn in New York, and there is very little leisure time.
If it weren't for Li Zhen to accompany him, he wouldn't have the leisure to do so.
……
Saying.
When Masatoshi Ito called the headquarters of the Ito-Yokado Group in Japan and asked for more money for the acquisition, the board of directors immediately rioted. Although Masatoshi Ito is a major shareholder, he can't be arbitrary, and the acquisition funds have been completely overrun. The initial ceiling of $700 million was still raised through bank loans, and as for the group's internal liquidity, there was not even $100 million. Masatoshi Ito was very successful in convincing the board of directors to increase the acquisition fund to $900 million, which was already very difficult, and it was not a day before he asked for more funds, and the board riot was also a matter of course.
"Chairman Ito, you and I both know that the value of the Southern Company is not even worth $500 million, and the board of directors has promised you to raise the upper limit of the acquisition fund to $900 million, which is already a great risk, and it is absolutely impossible to increase the capital again." Mitsui Life's directors are firmly opposed. Mitsui Life does not have a large number of shares, but its influence within the Ito-Yokado Group cannot be underestimated.
"Mr. Takahashi, the '7-Eleven' brand under the American Southern Company is very important to the Ito-Yokado Group, and we should not care about temporary gains and losses." Ito tried to explain that he understood that taking on huge debts to buy the Ito-Yokado Group would put him under tremendous pressure, but he knew that acquiring the "7-Eleven" brand would greatly increase the Ito-Yokado Group's strength.
Right now.
Japan's 7-Eleven Corporation is one of Ito-Yokado's most important subsidiaries. But it is about to face an important problem, the "7-Eleven" brand authorization period is approaching.
The acquisition of the American Southern Company can solve this problem once and for all. In addition, 7-Eleven in Japan can also break through the barriers and expand the market to other regions.
"Chairman Ito, I didn't mean to embarrass you, the board of directors is not optimistic about this acquisition deal, so let's give up...... Yamada-kun, Watanabe-kun, and others all agreed with me. We can't risk having the company saddled with such a huge amount of debt, not to mention that the American Southern has nearly half a billion dollars in debt, which is a complete mess, can you be sure that the American Southern can turn around the situation in a short period of time? ”
Hear the words.
Masatoshi Ito gently left a "I understand" and hung up the phone. Although he is the president of Ito-Yokado, he is not alone in making many important decisions.
If the board doesn't approve more funding, his plan will be aborted, and he will really just let it go?
"President."
The deputy also understands the board's concerns, but he is more worried at the moment that the ambitious Masatoshi Ito has been hit.
Call......
"Aoki-kun, I'm fine, I want to be alone...... Go back and rest. Masatoshi Ito, who let out a sulky breath, waved his hand to signal everyone to leave.
"Ito-kun, please make sure you are in good health."
Everyone bowed deeply and exited the room in unison.
"I will."
……
At night, the night is pitch black and the neon lights on the side of the road are flashing.
Tang Bao and Li Zhen had just returned to the hotel, and they were sitting in the living room listening to Nick's report.
Dingdingding......
Suddenly.
The phone rang in the hotel room.
Tang Bao glanced at the ringing phone and motioned for Nick to answer. This kind of high-end hotel will not receive the kind of messy phone calls that promote sales, and remember that at this point in time, it is most likely that the waiters in the hotel come to ask questions about dinner, and they will provide various catering services according to the guests' requirements.
"Hello, I'm the front desk of the hotel, there is a gentleman here, I want to visit Mr. Tang, can I ask if he is allowed to enter?" Nick picks up the phone and hears the sweet voice of the front desk attendant.
"Who?"
Nick asked subconsciously.
"Please tell the other party, my name is Masatoshi Ito, please be sure to notify Mr. Tang, please."
"Masatoshi Ito, he said his name was Masatoshi Ito!" The waiter said.
"Masatoshi Ito? Uh...... "Nick was stunned, Masatoshi Ito was their competitor this time, how could he suddenly find this place, thinking so, but he didn't delay it, "Please wait a minute." ”
"Dinner booked?"
Tang Bao asked without looking back.
"Uh...... The boss, not the order phone, the front desk waiter informed, Masatoshi Ito came. He's going to visit you......" Nick said.
"Masatoshi Ito?"
Tang Bao sat up straight in surprise.
"Yes, it's downstairs."
"Okay, please let him in." After a moment of silence, Tang Bao said.
Five minutes later.
The door of the hotel rang, Nick opened it, and it was Masatoshi Ito who appeared at the door.
"Mr. Ito, what a rarity." At this time, Tang Bao stood up unhurriedly and walked over.
"Mr. Tang, I took the liberty to visit and disturbed me." Masatoshi Ito bowed.
After a few words of greeting, Tang Bao and Ito Masatoshi sat down one after another, and Tang Bao sat there so quietly, waiting for the other party to explain his intentions. As competitors, the two sides have never let go of a cruel word, but they have raised the purchase price of each other one after another, and the smell of gunpowder is still very strong.
"Mr. Tang, we all know the value of the American Southern Company, and the price today has far exceeded its real price."
"Hmm."
Tang Bao nodded in agreement, but he still didn't understand what Masatoshi Ito meant, was it to persuade him to withdraw from the bidding?
"If we continue to fight endlessly, we will only end up losing both sides, and we will end up cheapening the shareholders of the American Southern Company. Therefore, Ito-Yokado intends to withdraw from this acquisition! Ito Masatoshi showed that he was very powerful, and then said a plan that surprised Tang Bao very much.
Ito-Yokado is quitting?
It's Masatoshi Ito who came to tell me in person, it shouldn't be a ploy, so why did they withdraw from the bid.
Tang Bao was puzzled.
Of course, he would not have known that the reason why Ito Masatoshi would withdraw was because the board of directors was stuck on his neck and could not raise enough funds for the acquisition.
It's just that Masatoshi Ito was unwilling to fail like this, so he came to visit Tang Bao.
"Mr. Ito, I'm afraid that your withdrawal is also conditional, right?" Tang Bao stared at Masatoshi Ito, who had a calm face in front of him, and asked.
There is no requirement, and if Ito Masatoshi wants to quit, he can leave directly, and he doesn't have to come to visit him.
"Haha, Mr. Tang, what a smart person."
Masatoshi Ito laughed, not embarrassed at all by being poked in his heart. Ito-Yokado voluntarily withdrew from the bid, but in return, I hope that Mr. Tang will agree to two conditions. First, we would like to work with Mr. Tang to acquire the Southern Company. Second, I want to permanently license the '7-Eleven' convenience store brand in Japan. ”
Tang Bao quietly listened to Ito Masato's conditions.
There was no rush to make a statement.
There was a brief silence in the room, but Ito Masatoshi was not in a hurry, leaving Tang Bao enough time to think. Tang Bao was also thinking about the stakes.
Win-win cooperation, Tang Bao will not refuse.
But he wouldn't let Ito Masatoshi get his wish easily, so he said: "Mr. Ito's conditions, I can consider agreeing, but there are two conditions. It is not impossible for Ito-Yokado to hold shares in the Southern Company, but it is necessary to hold equal shares, that is, how many shares Ito-Yokado has in the Southern Company, the Southern Company must hold the same proportion of shares in Ito-Yokado. As for the perpetual licensing of the '7-Eleven' convenience store brand in Japan, as long as Mr. Ito is willing to expand the stake of the American Southern Company in 7-Eleven to 45% in Japan, the perpetual license will not be a problem. ”
“……”
Ito Masajun looked at Tang Bao in surprise and was silent for a long time. The young man in front of him had a really big appetite, and he thought that the conditions were not too harsh, but Tang Bao actually wanted to put his hand into the Ito-Yokado Group.
"Mr. Tang, your conditions make it very difficult for me. The Ito-Yokado Group is a joint-stock company, and any change in equity is subject to the approval of the Board of Directors. ”
"It doesn't matter, my words will always work and will not change. If the Ito-Yokado Group wants to hold shares, it must hold shares equally. After Mr. Ito convinces the board of directors, we can continue the talks. Tang Bao said with a faint smile, Ito-Yokado Group is also a giant in the retail industry, if he can take the opportunity to insert a kick in it, he will definitely not hesitate.
"As long as Mr. Tang is willing to give a permanent license to 7-Eleven in Japan after acquiring the Southern Company, then the issue of equity distribution can be discussed, but it is absolutely impossible to reach 45%." Masatoshi Ito also opened his heart and said honestly.
The licensing issue of the "7-Eleven" convenience store brand has always been a thorn in the side of Japan's 7-Eleven company, and it is difficult to feel at ease if it is not resolved.
But now.
The board of directors has made it clear that it will not continue to increase capital to support his acquisition of the American Southern Company, so it is necessary for Ito to pull out this thorn through other means.
"Yes, everything can be discussed."
Tang Bao echoed with a smile, he didn't plan to really take out 45% of the shares of Japan's 7-Eleven Company from Ito Masato, he just asked for the price to pay back on the spot.
The two sides reached an agreement on the general direction, and the next detailed negotiations went much smoother. Masatoshi Ito and Tang Bao constantly discussed the details, and although there were disputes, the overall atmosphere was pleasant. It wasn't until after eleven o'clock in the evening that Ito Masatoshi left the hotel where Tang Bao was staying.