Chapter 60 Closing the Deal
Tang Bao revoked the $900 million acquisition offer, and Ito Masajun simply lost money and left, not playing with you. For a while, the American Southern Company went from hot to unpopular, and Angela's last bonus was lost, and she had to rack her brains for the debt-ridden company......
After a few days of investigation.
Angela finally solved the mystery in her heart, why Tang Bao and Ito Masatoshi both changed their minds, it turned out that Ito Masajun had visited Tang Bao overnight, and the two had an in-depth conversation. Angela can't know exactly what they talked about, but she knows that it was this meeting that led to the current situation. She also secretly regretted that she was too indifferent to the movements of Tang Bao and Ito Masatoshi.
If she had been more positive, maybe she wouldn't be where she is today.
……
Right now.
All the employees in the company have become depressed, without the big bosses, the shareholders are reluctant to continue investing, the company may file for bankruptcy in court at any time, and they do not know when they will lose their jobs.
……
Angela is back at Roger's manor, and she's going to give a detailed account of the whole thing.
"President Angela, how did things come to this?" Hearing that Tang Bao and Ito Masatoshi had both given up on the acquisition, Roger couldn't help but ask angrily.
He's still fantasizing about selling the company for $1.5 billion. At this time, I was told that don't think about 1.5 billion dollars, no one wants 900 million dollars.
The sudden change was hard for Roger to accept.
"According to the investigation, it should be that an agreement was reached between Masatoshi Ito and Tang Bao, and Masatoshi Ito took the initiative to withdraw from the competition, while Tang only said that the previous acquisition offer was invalid, and did not say that he would give up the acquisition, and Tang's intention is probably to lower the purchase price. For example, the previously negotiated purchase price of $415 million, of course, may also be a lower price...... "Angela calmly faced Roger's anger, and it was reasonable that Roger would be angry.
"$415 million, or less? To hell, it was worth $900 million......" Roger roared, $410 million, and he thought Don was taking advantage of the fire.
Roger with an angry face.
Angela was also very helpless, and secretly sighed that Roger was not sober yet, yes, Tang had bid $900 million before, but all the shareholders, including you, thought that the price was too low and did not agree, and now no one wants to fight for it, so the American Southern Company is not worth that price.
"If Don bids $900 million, and you and the shareholders agree right away, then it's really worth $900 million......" Angela said calmly. She is a professional manager and does not have a single share, so she can barely maintain her sanity in the face of things, and even if the transaction fails, she will only lose the bonus. And the wealth of Roger and other shareholders has indeed "evaporated" at least $500 million in the blink of an eye.
Now.
Angela didn't find it strange that Roger had any behavior.
"Hell, hell...... Masatoshi Ito and Tang Bao are rivals, they are supposed to be hostile, why did they meet in private and talk secretly, why didn't you stop it? Roger couldn't keep calm at the thought of evaporating that huge fortune, and questioned Angela in front of him with some anger.
Deter?
Angela was silent.
She admits that there were many major mistakes in the incident that cannot be justified. She didn't pay enough attention to Tang Bao and Masatoshi Ito, nor did she take the initiative to play her part in the acquisition process, but wanted to hide on the sidelines as a spectator, waiting to celebrate with the born winner.
She couldn't deny these mistakes.
But Angela doesn't think she's the only one who made the mistake, and when it comes to responsibility, Roger and many other shareholders are to blame, and it's their greed that ruined the bargain. She reminded Roger and others that if Roger and other shareholders had heard her concerns and simply sold the company to Tang for $900 million, they would now celebrate with champagne. It's a pity that they are not satisfied, and they still fantasize about selling for 1.5 billion dollars......
"The lack of funds for the acquisition authorized by the board of directors of the Ito-Yokado Group was the root cause of Ito's abandonment. Their board of directors initially authorized only $700 million, with an additional $200 million later. When Tang raised the offer to $900 million, Ito asked the board of directors to raise the acquisition funding, but it was unsuccessful. He doesn't have enough money to compete with Don, but he unexpectedly finds Don. Angela said helplessly.
Failed.
Angela also had to know the reason for the failure, she sent someone to investigate in detail and got detailed information, but unfortunately this news came too late, if she could have known that the upper limit of Ito Masato's bearing was 900 million US dollars, then there would not be today's embarrassing situation.
"Angela President, what were you doing before?" Roger yelled.
"I'm sorry."
Angela has no reason to shirk, this is her work mistake, she should have paid attention to Ito Masatoshi and Tang Bao's every move.
"Mr. Roger, no complaint can change the current predicament. The company is in a bad situation, and now we have only two options, the first, waiting for the bank loan to expire and we cannot repay it, and apply to the court for bankruptcy protection; The second, renegotiate with Don, only he is still willing to buy the American Southern Company, and he is also stranded in Dallas, perhaps he is waiting for us to come to the door. Angela gave Roger two options, but with what she knew about the investors, they would make the best choice for them.
Even if Roger is unwilling, he will obediently return to the negotiating table with Don.
The result was not what Angela expected, and after Roger communicated with many shareholders by phone, he could only reluctantly authorize Angela to negotiate. This time, they also recognized the reality, no longer had illusions, and did not set rules and regulations for Angela, but just ordered her to make her own decisions and not let the shareholders lose too much.
Angela, who was authorized, rushed directly to the hotel where Tang Bao settled.
Mended.
Tang Bao and the others went out to play, and they were not in the hotel at all. In desperation, Angela could only open a room in the hotel and wait slowly.
Around nine o'clock in the evening.
Angela gets a call from the waiter and says that Tang Bao is back.
"Don, you're back." Angela hurried over and happened to meet Tang Bao and his party at the door of the guest room.
"President Angela." Tang Bao was slightly surprised.
"Don, we need to talk." Angela Road.
Tang Bao groaned slightly, and then said briskly: "Okay, please come in and talk." ”
Tang Bao has been stranded in Dallas, naturally wanting to buy the American Southern Company, but at this time, the other party took the initiative to come to the door, and he couldn't be too reserved.
"Don, a lot has happened during this time, but none of it matters, it's time for us to get back on track. We can continue to honour our previous acquisition agreement. Angela said hurriedly, thinking of the company's situation, she wanted to sell the company urgently.
Ha.
"Sell if you want, don't sell if you don't? So what have I become? Tang Bao smiled secretly, he knew that the situation of the American Southern Company was not too good. Now, the initiative is completely in his hands, how could Tang Bao be led by Angela's nose.
"$350 million, if President Angela, we immediately sign the agreement. If you don't think so, we'll leave Dallas tomorrow. Tang Bao became stronger.
"But ......"
Angela was shocked, it turned out that Tang Bao's price was 410 million US dollars, but now that it has been reduced to 350 million US dollars, she is inevitably a little unhappy.
After a round of tossing, he lost $65 million.
"President Angela, the price I gave is not a loss for you, and you have earned more than $20 million in liquidated damages from Ito-Yokado. It's worth the toss of this time. Tang Bao didn't give Angela a chance to bargain, and smiled faintly.
I thought about it for a while.
Angela agreed, took out the purchase contract directly, and signed it on the spot.
"Hoo ......"
Signing her name with a brush, Angela was determined.
And the successful acquisition of the American Southern Company, "the 7-ele brand is Tang Bao's, and he is also very happy." After tossing these days, he also saved 60 million dollars, which is also a good deal.