Chapter 118 Chickens Fly Eggs Fight
"You made a big mistake, a very strict mistake!"
Dick. As soon as Fude entered the door, he shouted loudly, completely ignoring the faces of the other people in the conference room, "The Kaminari Brothers' real estate investment is very valuable, trust me. If you really give up the benefits of this piece, you will definitely regret it in the future. ”
Herbert. The Karemon Brothers negotiating team, led by McDaunt, did not know Dick. Fude will appear in fact after he presents to Dick. After Fude's report, the other party did not reveal any intention of attending. Now Dick. Fude suddenly appeared in the conference room, catching McDart off guard.
The other side of the negotiation, Min Yusheng, was also surprised. Fude's sudden appearance, the second is because of the other party's words, he actually vigorously promoted the messy real estate of the Kaminari Brothers as soon as he came up. This kind of behavior made him very unhappy, because he felt that all his previous efforts had been in vain.
Also frustrated is McDart, who managed to reach a deal with Min Yusheng's side, but now Dick. As soon as Fude came up, he undermined the basis of cooperation, which was tantamount to returning to the original point of negotiation. But Dick. Fude is the spiritual leader and head of the Kaminari brothers, so even if he has any grievances, he can't show them on such occasions.
"No, we don't need the real estate!" Min Yusheng retorted unceremoniously, "I have made it very clear to you before that we are not interested in these real estates. If we want to buy Kaminari Brothers, we have to divest that part of the assets. ”
"Min, your previous estimates are all wrong!" Dick. Fude refused to show weakness at all, and was also stubbornly unwilling to give in, "According to the 1.25 times premium acquisition, you have already taken a big advantage." In fact, both you and we know it very well. The assets on the Kaminari Brothers' books are definitely more than 1.25 times smaller. As you are already aware of the news about the ongoing siege of Kaminmon Brothers by short sellers, our share price is significantly undervalued in this situation. Therefore, if you want to control at a premium of 1.25 times, I strongly believe that you still hold a part of the real estate assets of Kaminmen Brothers. ”
Although the attitude is very tough, Dick. Fude still made a small concession, and he did not ask the South Korean side to buy all of the Kaminari Brothers' real estate, but asked for a part of it. More than before. That's a big concession.
It's just that his attitude succeeded in angering Min Yusheng, who is not the employee who worked at the Kaminari Brothers, but the CEO of Korea Development Bank. With the support of the South Korean government behind him, how can he be Dick. Fude, a broken household, can be handled casually?
Although he was very unhappy in his heart, Min Yusheng still saved enough face for Dick. Fude, he looked at the other party expressionlessly, then turned his head and whispered to Barrankzi, the M&A lawyer next to him, "He makes me feel sick." ”
Barrankzi is a senior partner at Cromwell & Associates, an expert in mergers and acquisitions, having led numerous mergers and acquisitions and has seen many strange atmospheres negotiate. But it was the first time he had seen such a hot scene, and his client had complained so much, which made him feel his scalp tingle for a while.
Thinking that if the deal messed up, the high commission for himself and the firm might disappear, Barankzi had to stand up and say stubbornly: "Mr. Fude, maybe you don't know the details of the negotiation, so I might as well explain it." My client and you have reached a preliminary bidding agreement. We will only negotiate at the 1.25x valuation level, if it is a 1.5x premium. I don't think we're going to be able to continue talking. ”
"In addition, as for your company's real estate assets, we have stated in advance that we are not interested in this. In fact, we don't think you're making enough write-downs on your balance sheet. So instead of spending time calculating the new value of the real estate, it is better to completely divest this piece of the asset. It's in our interest. ”
"Alright then!" Dick. Fude finally calmed down, glanced at Min Yusheng, and saw that the other party had no objection, so he continued, "Since that's the case. So how do you think our real estate assets should be valued? If nothing else, we've made a clause for this purpose, and you should probably read it before you talk about it. ”
Talking about Dick. Fude towards Herbert. McDart winked, and the other party immediately took out a clause from front of him and respectfully sent it to Min Yusheng.
"I think we'll take a break!" Barankezi nodded unchanged, "We need time to digest this clause. ”
In all fairness, if it was in the state of the previous few days, Min Yusheng would not have such a great affection, he is an extremely self-controlled person. But because he was forced by Zhong Shi, he had nowhere to vent his anger in his heart, and he met Dick who didn't have a good attitude. Fude, this made him control his feelings all of a sudden.
And Dick. Fude also did it deliberately, and he can now open his mouth and ask for more favorable conditions. Because the offer price on the Korean Development Bank side is not much different from that of Warren Buffett, if one party can accept a higher price, he will sell the shares to that side. He didn't know Min Yusheng's psychology at the moment, but even if he knew, he wouldn't care too much.
Min Yusheng, who was reading the terms and conditions in a small room, although he was careless, still nodded frequently at the valuation of the real estate assets listed by the Kaminari brothers, and he could see that according to the price listed in the terms book, this was the real value of the real estate held by the Kaminari brothers.
But soon this mood was completely ruined by the last clause, and Min Yusheng became furious. At the end of the term sheet, it is written: Korea Development Bank provides credit support to Kaminhamun Brothers.
It turns out that they not only want to find a home, but even want to find a wronged boss! This is Min Yusheng's first reaction, you must know that the capital of the Korea Development Bank is the capital of the South Korean government, in other words, the taxes of the Koreans, how can these money be squandered by American capitalists tens of thousands of miles away?
But deep down, Min Yusheng was secretly happy. He knew that his opportunity had finally come, and that as long as he brought the news of this clause back to South Korea, the pressure on his shoulders would be relieved, and no Korean parliamentarian would agree to such a clause. When the time comes, not only will the South Korean side not accuse him, but will look at him differently because of this.
It's just that Min Yusheng himself knows very well that if it weren't for Zhong Shi's phone call, he would not have decisively chosen to cut off with the Kaminari brothers at this time. As for whether this clause played a big role or Zhong Shi played a big role in it, even Min Yusheng himself couldn't say. (To be continued......)
ps: First of all, thank you to the book friends Angel Tomahawk, Xiaoqi Civilization Miracle, Little Little Pig, Jiangnan Liu Feiyan, and Yuerwa for voting for the monthly ticket! Thank you for another reward from the book friend Xiaoqi Civilization Miracle! ps:Life is so full of drama.,Whenever this book is recommended.,And the author is ready to adjust the state to stabilize the dìng update.,Life changes again.,The author has to leave tomorrow to go home.,There's still a part of this chapter.,Wait until it's out and release it tomorrow.。 R527