First of all, Xiao Yifei and Wells Fargo signed a letter of intent for the loan, and then signed an agreement to entrust them to handle matters related to the acquisition of CBS shares, and finally Wells Fargo sent the proposed acquisition offer to Sherman, who was responsible for the sale of Lei Shidong's shares. Sterling Law Firm.

The Sherman & Sterling law firm is not comparable to Ryan's small law firm. With annual revenues of more than $800 million, it ranks 35th in the world's top 100 law firms. This position looks a little low, but in fact it is not low at all. The last place on the list also has an annual revenue of more than 300 million US dollars, instantly killing most law firms in the world.

Sherman has a long history, having been founded in 1873 by Thomas Sherman. Sherman and John. William. Sterling founded. The Bishop's Building of Yale Law School, the best law school in the United States, is called the Sterling Building. Stirling financed its construction in 1931.

, Merrill Lynch's $50 billion sale of Bank of America, and GM's $4.3 billion acquisition of Italy's avio aviation business.

Sherman was one of the first global law firms to set up an office in China, with representative offices in Beijing, Hong Kong and Shanghai. Prior to his appointment as U.S. Ambassador to China, Randt established and led Sherman's China practice as a partner. The Hong Kong listings of China Machinery Engineering Corporation (CMEC), China Metallurgical Science and Industry Corporation (CMGC), Industrial and Commercial Bank of China (ICBC), and the rejection of the acquisition of Hummer by Tengzhong Group, a private enterprise in Sichuan, are all behind Sherman's deals.

For the third year in a row, Sherman has been named to theAmericanLawyer's "A List," which represents "the elite of America's elite law firms." Only 20 law firms are selected each year.

The offer is faxed out, and all that can be done is to wait and wait for the other party to choose his takeover offer.

Wells Fargo will definitely not notify Xiao Yifei alone, they will also see if they can find another customer who wants to buy alone or form an investment group to buy this batch of shares.

It was too late, Xiao Yifei went back to Danville directly that day, and went to Jesse for a lecture the next day. During the after-class chat, Jesse praised him:

"I see that you really want to learn the holy script. You're also very talented, and your grades are really good. ”

"Really?"

"Really, the progress is very fast, as long as you take a few more classes, you can slowly read the fairy tales in the holy book style of the toddler you bought."

Xiao Yifei's head is full of black lines, is this a compliment? Xiao Yifei is in his 20s, and he still reads children's fairy tale books, which should be ironic. But he also has to thank Jesse for the compliment:

"Thank you, you have more credit. It's you who teach well. ”

"Really? After reading it, I couldn't get into the graduate school, and it was not bad to go to the university to teach. ”

Xiao Yifei could only be speechless again, this is the cultural difference, he is showing modesty.

However, being able to read children's books means that he can slowly look up the dictionary to translate the words behind the stele, in fact, now he can also translate the words he looks up in the dictionary word by word. But the "instructions for the use of the statue" is obviously very important, and Xiao Yifei is worried that he will miss the slightest difference. He decided to wait a little longer and wait for Jesse to take a few more classes.

Driving the freshly retrieved navigator, Xiao Yifei rushed to Napa. Just rushed back to the winery, and before he had time to check the progress of the work, the winery lawyer who heard the news arrived.

"Boss Xiao, you're back."

"Corion. What's the matter? ”

"Boss, the 55 acres of Chardonnay vineyards in Takahashi have been negotiated, these are documents that need to be signed by you."

Xiao Yifei took a look, and it was a pile of inspection documents and a vineyard trading contract. Looking at the amount, the price is actually 180,000 acres, and the Chardonnay is not worth as much as Cabernet Sauvignon. Xiao Yifei asked for some details, and lawyer Corian answered them one by one, Xiao Yifei didn't find any problems, so he signed the agreement. and wrote a check for 9.9 million.

It's great that the whole process was made by the winery's own people, and there were no nearby fees. As for the tax on the transaction fee, it must be the account of the winery, and naturally there is a financial treatment.

Soon the second thing came to the door, the town council and the town planning department approved the design plan of the visitor center, issued a notice of permission for construction, and then the visitor center was finally able to start construction, Xiao Yifei transferred the original agreed 1 million funds to the winery account, and only needed to wait for the construction company to be selected.

Within two days, the construction companies that received the news sent their own construction quotations and construction schedules, and Xiao Yifei held a management meeting to decide the matter. Although Bo didn't say a word, in the end, the Shante Construction Company introduced by Bo obtained the qualification to undertake, first, their construction period is reasonable, second, the price is almost the lowest, and third, he has cooperated with the winery several times, and everyone has a good impression of them.

Since everyone agreed with Shante Construction Company, Xiao Yifei also thought they were good, so the two sides signed a contract, and they will enter the site next week.

There has been no news from Fuguo for a few days, Xiao Yifei thought that the matter of CBS stocks must be out of play, but he didn't feel much sense of loss, since he had two spaces, he felt that the most important thing was to make good use of these two spaces, as long as he could make good things, everything would be there. There are so many small wineries in Napa that don't even need distributors, and they just sell out of their products in the tasting room, and they are not very moisturized.

Little did he know that far away in New York, a discussion was taking place in the 50-story, 200-meter-tall skyscraper at 599 Rexington Road, near New York's Central Park, where Shearman & Sterling was headquartered.

Sherman Law Firm was tasked with a group of people who were responsible for the sale of Viacom stock and part of the CBS stock. Andrew, the firm's junior partner, was in charge of the sale of CBS shares.

Since the beginning of the month, it is absolutely impossible to say that there has been no reply, and despite the current downturn, the shares of Viacom and CBS are still of interest to many people. There are many offers that can be received. There are too few things to be satisfied with.

Andrew's CBS shares, to say that the price is more than $10, there must be some, but those are too few to buy, only hundreds of thousands, millions of shares. A total of more than 26 million shares were sold this time, and if you want to rely on these small buyers to subscribe, just negotiating will exhaust Andrew's team. They definitely want one or two or three buyers to take over. This way they only have to negotiate a few times to get a commission.

There are also such big buyers. But this kind of buyers are ruthless people who eat people and don't spit out bones, and their current highest price is 9 US dollars, and the lowest price is 7.5 US dollars, which is too far from the 12 US dollars required by Lei Shidong. Although these offers are not final, even if they are negotiated, the closing price will not reach $12. This will definitely not satisfy Lei Shidong.

Andrew and the others also know that this situation is normal, a rich man of Lei Shidong's level must be familiar with each other, and the Jews are very united. I believe that Lei Shidong must have asked many people if they were willing to buy this batch of shares, and he must have not found a satisfactory buyer, so he had to pay a commission to find a law firm to sell it privately.

It is not only Xiao Yifei who asked for A-share tying in the offer, but these vampires on the East Coast do not have to take into account issues such as nationality like Xiao Yifei, so they are naturally lions with big mouths. The number of A-shares required is much larger than Xiao Yifei's, and some people even directly ask for 6% of A-shares. And the highest offer for these people is only $11.

After receiving Xiao Yifei's reply of $12 plus 1.5 million A shares, Andrew gathered his subordinates and began to discuss:

"This is the quote I just received from Wells Fargo Finance, let's take a look."

The fax was circulated. Everyone nodded again and again:

"So I'm finally seeing a decent offer."

"yes, that's the highest price so far."

Andrew went on to say:

"I've already forwarded their offer to All-American Entertainment. Their request was to elect those who did not ask for A shares to be negotiated. Wells Fargo's requirements are to drag it and not break it, as a backup object. ”

"If you don't ask for A-shares, when it reaches $10, the other party refuses to continue to increase the price, and directly asks for an interview."

"That is, the $12 or A-share ratio of rich countries is obviously negotiable."

Andrew stopped his men's chatter.

"You also have to understand that Lei Shidong has converted part of A shares into B shares. He now only has 79.07% of A shares. ”

"He shouldn't have transferred so many A shares at the beginning, and it is estimated that Lei Shidong's intestines are all repentant now."

"yes."

"If he doesn't transfer so much, do you think other people will agree to him selling so many B shares, they have long controlled 80% of Lei Shidong's A shares, and only 10% of the B shares. Serious dissatisfaction was expressed. After the sale, his share of B shares was only 6.05%, only 2% more than the second largest shareholder. ”

"That's just as well."

One employee complained:

"I thought that our side had little money and the progress should be fast, but now it seems that their side is faster."

By "they" he was referring to the group of people in charge of selling Viacom's stock, and although they were all from a law firm, there was certainly internal competition.

Viacom's stock is worth more than 600 million, and the high value makes it more complicated. Judging from the current quotations of these stocks, only one said that they could eat them all, but the price was too low and was vetoed by Lei Shidong. The other team had to find several to negotiate separately. Negotiating quantity and price will be a cumbersome process.

But after hard work, Viacom's stock has now identified three negotiation partners and entered the in-person negotiation stage. And Andrew, the CBS stock they are responsible for, hasn't made much progress.

After several fax exchanges, the customer identified by All-American Entertainment who did not add A-shares refused to raise the offer above $11, threatening to negotiate if it exceeded $11. Sherman could only feed back the news to All-American Entertainment and then send it to Lei Shidong. (To be continued......)