000136 Preparation for negotiations

Lei Shidong was in New York at this time. After receiving the latest news from Sherman, he was also depressed, if he sold CBS for $11, he would only get more than 280 million, a difference of 26 million from the original expected value. Judging from the information received so far, Viacom stock is reluctant to get the expected 28.25, let alone make up the difference.

Transamerica Entertainment is a private company, and Somer. Lei Shidong and his daughter Sally. Lei Shidong, his confidant Viacom CEO Philip, and the two personal lawyers of Lei Shidong's father and daughter began to discuss countermeasures.

Sally said, "Let Sherman's people ask if there are any other offers." ”

Sally's personal lawyer, Scott, said: "But other people may not be able to give us the price we are asking for, and our price floor is $12, which is not enough to sell the stock to pay the debt due." ”

Lei Shidong glanced at his personal lawyer, Sean, and Sean asked in a knowing whisper:

"Or let's take the test & no & wrong & novel {} and ......"

Sally stopped herself from continuing to speak, and said directly to her father:

"Somer, I still stick to my opinion, we can't shoot theaters."

Lei Shidong looked at his stubborn daughter, and his aggressive eyes looked straight at him. For her daughter, Lei Shidong is very depressed, she has a stubborn personality or firm beliefs, and what she believes will go on forever.

Lei Shidong is not without a son, but he is very disappointed in his son. In order to get equity the year before last, his son Brent sued him in court, and in the end he spent $260 million to settle, and spent another $1.3 billion to buy back one-sixth of his son's shares in American Entertainment, and then kicked his son out of the family trust fund on the grounds of "using the court to extract money". After that, All-American Entertainment became Lei Shidong held 80% and Sally held 20%.

And just after reconciling with his son. In order to pay off his debts, he intends to sell the theatrical chain in the hands of All-American Entertainment. But on this issue, Sally opposed the theater line, so the father and daughter had a big quarrel last year, and the relationship was very tense for a while. The outside world even said that he was ready to kick his daughter out of the board of directors of Viacom and CBS. Even her daughter plans to swap her 20 percent stake in All-American Entertainment for a theatrical chain. In fact, if the theater chain can be sold, it is impossible for All-American Entertainment to be burdened with more than a billion debts.

Although the father and daughter eventually reconciled. But it also made it impossible for him to sell the theater chain in his hands. In his opinion, the current theater profits are too low, and some people once joked that they would make money by selling popcorn. Although this statement is too biased, it also shows the dilemma of some theaters.

"Well, we don't sell theaters. So what now? ”

Philip thought for a moment and asked:

"Didn't Sherman say at the beginning that there was another one, and the direct quotation was 12 yuan? They asked if they were still willing to make the offer. ”

"That one asked for additional A shares."

Sally immediately said:

"What about selling A-shares, Summer, the cinema chain is the foundation of our company, and it's CBS and not Viacom. If you want me to say, you should sell more CBS. Sell Viacom less. ”

In Sally's mind, she always felt that CBS was the lowest status, while in Somer's mind, the theater had the lowest status. Of course, they all agreed that Viacom had the highest status.

Although Philip is the CEO of Viacom, although he is a close confidant of Lei Shidong, although he has always felt that Viacom, which he is responsible for, is the most important. Although he was also a little dissatisfied with Lei Shidong's sale of Viacom stock, he still had to defend Lei Shidong's decision at this time.

"Actually, CBS is also very important. Now that NAI only has 79% of A-shares, Summer's right not to want to reduce his share any longer. ”

"Even if you sell another 10%, won't there still be 69, and more than 67% are afraid of anything. What if someone exceeds 5%, does a director make any waves? ”

Lei Shidong looked at her daughter like a fighting, and the last sentence revealed her goal to a certain extent, which was to increase the number of board members. Disperse power from your own hands. But if she doesn't back down, it's CBS now, and if she tosses like this in Viacom, then Lei Shidong will be very uncomfortable.

"Okay, let Sherman's men talk to them properly. Try to keep the A-shares as low as possible, since they can give $12 now, the price should also be as high as possible. ”

Xiao Yifei stayed at the winery with peace of mind, went to the vineyard winery once a day, and then went to the construction site on the Mantou Mountain to take a look. Construction companies have moved in, but they haven't officially started construction yet. According to the construction plan, the small railway roadbed around Mantou Hill should be made out first, so that the construction machinery can climb to the top along it. The first step in building a roadbed is to clear the trees along the way.

After watching the workers chop down trees with chainsaws for a while, Xiao Yifei went to the golf course to practice for a while, and when he returned to Bee Hill, Black Nose was still finishing picking up tennis games.

Since Xiao Yifei bought the tennis ball machine back, the black nose no longer has to trouble Xiao Yifei to throw the ball. Every morning, as long as Xiao Yifei turns on the power of the tennis ball machine, the black nose will put the tennis ball in the tray by himself, and then wait for the tennis ball to roll to the entrance, and then be launched. If the tennis ball is not in the right place and can't roll into the entrance, he will also use his paws to flick the tennis ball and let it roll to the entrance.

After the meal, Xiao Yifei lay on the chair, reading the holy book style textbook, and watching the black nose busy with his work. The phone rang.

"Mr. Xiao, we received a fax from Sherman, and they agreed to attach A shares, but cut the A shares to 500,000 and raised the price to $13.5. Other requirements are similar to before, do you need me to send them to your email? ”

Finally responded, and I thought CBS shares were out of play. From this reply, Xiao Yifei can see that the other party is willing to sell A shares, which naturally means that they really can't find other suitable candidates.

"Pass us the last one and pass them on again."

"Okay."

"Catherine, you said we wouldn't just fax it around for negotiations."

Catherine laughed:

"How is it possible, this is just a kind of temptation on both sides, and they hope to find a sincere buyer from it. In the end, the two sides still have to sit together and negotiate face-to-face. ”

"I thought we'd be able to do it."

"If you accept their terms, you can do it."

That's not good, the price is too high, Xiao Yifei has to spend 40 million more.

The next day, the other party replied again, A shares are 1.5 million, and the price is $14. Catherine called the other party directly, and both agreed to sit face to face and negotiate.

As for the location of the negotiations, since Sherman, Viacom, and CBS are all headquartered in New York, Andrew definitely wants to put the negotiations in New York. But at the end of November, New York has entered the snow season, and listening to the weather forecast, there has been a heavy snowfall.

Xiao Yifei, who lives by the Yangtze River, is a guy who is afraid of cold and heat, and he doesn't want to go to New York to be cold. When he said this, Catherine and Ryan, who were accustomed to the warmth of California, were also quite moved. Therefore, they asked for the negotiation venue to be located in Los Angeles on the grounds that CBS's production and other businesses were in Los Angeles. Andrew was also very impressed by Catherine's proposal to enjoy the Southern California sunshine while negotiating, so he agreed to hold the negotiations in Los Angeles.

Xiao Yifei needs to prepare a negotiation team, Ryan will definitely participate, and his father has also introduced a lawyer who is proficient in commercial law to support him, Catherine will also participate as the agent of this business, and an old acquaintance Gald will also join the full-time negotiation. Of course, the rubber stamp Comrade Xiao Yifei is indispensable.

Xiao Yifei did not know how long the negotiations would take, and before leaving, he gathered the winery's leadership for a meeting.

"I have more business than I have to go to Los Angeles, I don't know how long it will take, at least a week or two, at most a month. The transition period is still a few days away, and when the time comes, I will rush back and pay the balance of the winery's purchase. Everything else went according to plan. When David comes back from vacation, you can help me tell him that I'll leave it to him about the winter shears and drip installation. ”

Because this is a $300 million deal, it has to be done in a few weeks, according to the schedule, so the negotiators are relatively large. Before departure, Xiao Yifei organized a preparatory meeting between the Ryan team, the Catherine team, and the Gauld team to communicate the opinions of all parties, determine the tasks of all parties and negotiate the plan.

The meeting was about to end, when Catherine's female assistant asked:

"Can you ask me how we get to Los Angeles?"

The leaders were a little puzzled, and Catherine asked, "What do you mean, of course it's on a plane." ”

"But the one who just booked the ticket said that he couldn't buy a ticket."

When did San Francisco to Los Angeles tickets become so sought-after?

Gald slapped his forehead:

"I forgot, the day after tomorrow is Thanksgiving."

Xiao Yifei doesn't have much concept of Thanksgiving, he only knows that turkey should be eaten on Thanksgiving:

"Is there really no ticket?"

"There were a small number of tickets, but not enough for all of us, and they were scattered across different flights."

Xiao Yifei proposed:

"Then let's make a train, or charter a plane."

There are many small planes in the United States that can provide charter services, although charter flights are definitely higher than buying air tickets, but for the sake of the 300 million shares, Xiao Yifei feels that it is still worth it.

"It's better to drive."

His words resonated with everyone, and the following said:

"There are many aviation accidents this year, so if we can not take a plane, we will not take a plane."

"It's better to drive than to charter a plane."

"Well, you don't have to rent a car to Los Angeles by car."

"It's true that the car rental company deducts money at every turn, so it's better for us to drive there."

These guys are actually willing to save money for Xiao Yifei, so of course Xiao Yifei is no problem. So we decided to drive together. (To be continued......)