Chapter 2141 Negotiation

  Jiang Xiaobai looked at Li Jingwei. Li Jingwei's heart is really big. He even thought that one day Libao could acquire a large multinational company.

  The previous life Jian Libao was at his most glorious time in 1997 and 1998, and his annual sales reached 5 billion. From this time on, he started to decline step by step.

  Moreover, it was not a star or a half. It was a straight decline. When later, the company's market value was not worth a few hundred million. Jiang Xiaobai who watched it felt pity.

  But that was the last life, that was the matter of the last time and space. In this life, I saw Li Bao successfully completed the reform of the shareholding system with his own help. Now it is a real rebirth from the ashes.

   And has not experienced the twists and turns of the previous life, see that Liberty's strength has not been lost, on the contrary, it has increased the assistance of Huaqing Holding Group.

With this increase or decrease, the difference in strength will be much larger and completely different. It’s really hard to say how much Liberty can do in the future. Maybe one day we will be able to go out of China and one day we will be able to acquire multinational companies. Not necessarily.

   Jiang Xiaobai smiled and nodded, let the two people sit down, and then asked the secretary to make tea for the two, waiting for news from Zhang Weiyi.

  Although the work has been arranged since last night, some things still take time. After all, this is the first time. At the time, the company had no experience at all.

  Zhang Weiyi didn't come too slowly. Jiang Xiaobai and the others arrived without finishing a cup of tea. Zhang Weiyi was still holding a bunch of documents in their hands.

  However, when he arrived, he did not pass the information in his hands to Jiang Xiaobai and others, but took the lead in introducing it.

"I did some homework last night for this case of cross-border acquisitions. In fact, there are three ways. The first is indirect acquisition. The purchaser does not directly request the purchase from the purchaser, but in the securities market. A large number of common stocks of a company are purchased at a price higher than the stock market price level to achieve the purpose of controlling the company.

  Of course, this method of acquisition may cause fierce confrontation between companies; or it may use the opportunity of a company’s stock price to fall to buy a large number of common stocks of the company to achieve the purpose of controlling the company. "

  The acquisition method introduced by Zhang Weiyi is actually not only internationally, but also common in the domestic stock market. He has another name that is hostile takeover.

  In general, there are two methods of hostile takeover, one is called bear hug, and the other is called sniper public purchase.

   "This does not need to be introduced in detail, this has nothing to do with the acquisition we are preparing." Jiang Xiaobai said.

  Yaohan has closed down and is no longer on the stock market. There is no way to buy it through the stock market.

   And this time there is no need for it. Yaohan was willing to sell it in order to make money back in the process of bankruptcy, not Jiang Xiaobai had to buy it.

  So there is no need for hostile takeovers and hugs.

  Zhang Weiyi nodded and continued: “The second is direct acquisition. Our company directly makes a request to Yaohan. Both parties negotiate together to determine the conditions and form of ownership transfer on the basis of taking into account common interests..."

  Zhang Weiyi emphatically introduced this kind of acquisition method. This kind of acquisition method is also the most suitable, at least the most suitable method in the acquisition process of Huaqing Holding Group.

  "The third type is leveraged buyout. A corporate acquisition carried out by one or several companies with the support of bank loans or loans from the financial market. This can be considered an alternative, depending on how Jiang Dong chooses."

  Zhang Weiyi said that Yaohan has not yet quoted a price, but I think this number will certainly not be small, on the contrary it will be huge.

   Although Huaqing Holding Group said it has strength, it would not be possible to draw too much capital at once.

  May affect the normal development of the company.

  If this is the normal strength of Huaqing Holding Group, it is really not necessarily able to take such a large plate, but fortunately, Jiang Xiaobai walked on two legs at the beginning.

  The domestic Huaqing Holding Group is the support of the industry, but the foreign Flower Bank is financial support. If there is a requirement for useful funds, the Huaqing Holding Group can obtain funds from the Flower Bank.

  Especially now that the Flower Bank has taken root in Xiangjiang, as long as Huaqing Holding Group has funding needs, then just say hello to get the funds.

   "Then implement the second set of plans." Jiang Xiaobai said, there is nothing to say about this.

   Jiang Xiaobai motioned to Zhang Weiyi to continue.

  Zhang Weiyi took out the information this time and distributed it to Jiang Xiaobai and others.

  "Dong Jiang, here are some successful cases of acquisitions by multinational companies. Take a look. Let me introduce you to the general process."

  Jiang Xiaobai nodded, flipping through the information in his hand. What he got was the case where Lockheed acquired most of the shares of Loral Corporation for $9.1 billion.

  Of course, there is no detailed process, and Zhang Weiyi does not have the ability to collect such information.

  He just collected some information from some media newspapers or from the news revealed by the two companies.

  "The acquisition process can be roughly divided into acquisition strategy positioning-evaluation-acquisition preparation-negotiation between the two parties-signing an agreement-fulfilling the necessary procedures.

  The strategic positioning of the acquisition is the first step. Generally speaking, the positioning of the acquisition strategy is a problem. The formulation of the acquisition strategy and the buyer's own capabilities, including financial capabilities, human resources, technology research and development, market development and other factors, market development trends, product competitiveness, political and economic conditions and other factors are all counted inside.

  Of course, this step was actually carried out yesterday, and it can be considered as completed. Of course, it is not too detailed. It is better to set up a strategic positioning team and analyze it in detail. "

  Zhang Weiyi said, Jiang Xiaobai nodded, this is right, the process is like this, then follow the process, such a big acquisition, there is no harm in doing more preparation work.

  "In this strategic positioning group, our company has selected a few people, and the rest is for Huaqing Electrical Appliances. They understand the situation there. Wang Chao is responsible for the position of the group leader." Jiang Xiaobai said.

Wang Chao immediately stood up from the sofa, patted his chest and said, "No problem, don't worry, Jiang Dong, I will do my job well, and we will appoint our company’s talents to complete this task in the future. You will never be disappointed. ."

  (End of this chapter)

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