Rebirth
Chapter 442: Competition Results
Two days later, Li Feng and his party gathered in New York again. They are about to negotiate with General Electric this time. After all, the relationship between Li Feng and them is more reliable.
Li Feng and his team slowly moved towards the GE Building, but the luggage front felt a bit strange. After all, the Rockefeller Center belongs to his own company. It is really strange to go to the Rockefeller Center to negotiate with others.
When Li Feng and his party arrived at the GE Building, as everyone got off the car, they saw that there was already a group of people waiting before the building. It was the leaders of General Electric Company, among which Jack Welch was the one leading the way. Go ahead.
Next, Rumsfeld and Jack shook hands and greeted each other, and then a group of people introduced each other, which was so lively.
"Uncle David, you look good now!"
"Without you, I am stunned, of course I am in a good mood, and my natural complexion is good."
When Li Feng saw that it was an old man who looked at his 60s but kindly greeted old David, Kenny immediately introduced Li Feng to the side. It turned out that this is the fourth generation of the Morgan family. The current leader of the Morgan family.
As for the relationship between the two, it’s hard to say a word. The rise of Wall Street Chase Manhattan Bank and the collision with Morgan Bank must have been fierce before, but now this world is no longer what it was 100 years ago, and it can accommodate two. The heavyweight bank.
...
Li Feng also knows that following the merger of Citibank and Traveller Group next year to give birth to a new Citi, the media said that the rise of Citi marked the end of the Morgan family consortium's rule on Wall Street.
Similarly, in order to cope with the future financial situation, Chase Manhattan will formally merge with JP Morgan Bank in the future to become a **** bank. This is a sign of the two consortiums joining together.
A group of people circled around and walked towards the conference room on the top floor of the building.Similarly, with the introduction along the way, Li Feng naturally became the focus of attention of many people.
It is too young. Among a group of middle-aged and elderly people, there is such a young face that it is impossible not to attract attention.In the words of the future web novel, this is a halo of its own protagonist.
After arriving in the conference room and waiting for the two parties to sit down, the Blackwater side, headed by Rumsfeld, including the negotiating team including the firm team, the Blackwater team, and the asset management team, as well as representatives of the three major banks of Citi, America, and the rich; Originally, if the acquisition was through financial leverage, the financial team would still be needed. However, when Li Feng and the others used cash and shares to purchase directly near cash, this saved a lot of trouble.
On the GE side, led by Jack Welch, the two parties engaged in fierce negotiations on the value of Hughes Aircraft Company and Hughes Laboratory, the valuation of Li Feng’s two major companies, and the transaction price and method. Professional managers This time reflects the value.
On the contrary, the shareholders behind Li Feng, including the old David and others, went to another office to get homework and chat.
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After more than 2 hours, the two parties carried out the first suspension stage, and then in their respective meeting rooms, both parties reported to their shareholders and the board of directors.
"This is the case now. They quoted the Hughes Company and the laboratory's total price of 12 billion U.S. dollars. Skyrim Real Estate and Horizon Media were valued at 11, 13 billion U.S. dollars, and we proposed 11 billion U.S. dollars and 13 and 16 billion U.S. dollars. There is a big gap, and the second round of negotiations will be held in the afternoon.
They hope to get 30% of each of the real estate company and the media group, and the rest will be supplemented with cash, so that the equity and cash will be used for the acquisition. What we are proposing now is to trade with 20% of the shares and cash. Texas Instruments talked about not giving all the shares to GM.
They hope to sell only half of the equity in the aircraft company and the laboratory, and GM hopes to own half of the equity in the laboratory in the future.
There is one more thing we need to pay attention to. After a morning of negotiations, our opponents should also receive the news that we have started the negotiations. Then there may be some trouble off the court, which requires you.Rumsfeld reported to Li Feng, David, Frank and others in the conference lounge prepared by GM for Li Feng and his party.
As he was talking, the personal assistant next to Old David was holding the phone to his ear and whispering something. Then Old David took the phone and started a conversation. As the topic unfolded, the meeting room was temporarily quiet. .
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"OK, which means that Texas Instruments, Raytheon, and Northrop have all started to act?"
"OK, first agree to the negotiation requirements of Texas Instruments. We will contact them here. Anyway, we are ready for the negotiation team in California."
"In this way, pay close attention to the situation of Northrop Grumman and Raytheon." Old David hung up the phone and saw everyone staring at him, then smiled and replied: "Henry, as you wish. , Now all parties are beginning to move.
However, we did take the lead. I just received the news that both Raytheon and Northrop Grumman were planning to start the acquisition plan in the second half of the year. Now let us intercept, they have no preparation. , Hastily challenged.
No matter whether it is in terms of capital or manpower, we are not prepared. Then we have to make a quick decision. Otherwise, with the strength of the two companies, as long as there is a buffer of up to one month, it will cause us a lot of trouble. We will be more disadvantaged."
"Well, in general, there is still a little gap, but it is basically close to our forecast. It's a long dream, Henry, you can talk about 60% of the shares plus 40% of the cash, and the maximum share is 25%.
And you told them that we can only have half of the laboratory, no, we need to hold a shareholding, even if it is 51%. We don't want to see mutual wrangling in the laboratory in the future. What do you think?"Li Feng first put forward his own opinions, and then asked both old David and Frank Roosevelt.
"John, as long as you are willing to take out more shares, of course it is no problem. If you take out too many shares, we are willing to provide you with funds to compensate." Old David and Frank both lowered their heads to discuss, and then they were right. Li Feng replied.
"OK, let's do it, let's have lunch first, Henry, and we'll see you next, we wait for your good news." Li Feng finally said solemnly.
Rumsfeld, Prince and others have stated that they will definitely complete the task.
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Next, Li Feng began to temporarily put aside the acquisition. After all, he was a professional, and he didn't need to think about anything. As long as the final result came out, he could finally confirm it.
In the afternoon, Li Feng, including old David and others, returned to their homes in New York. It was already two days later when they reunited. When the group met again in the GE building two days later, everyone was in a good mood. GM is still on Li Feng's side.
Eventually an agreement has been reached, and all the people behind the scenes are on the court. Li Feng knows that it has not been easy recently. While GM is negotiating with Li Feng and his party, there is a team in talks with Raytheon.
Similarly, Li Feng’s team headed by Bill Villibe negotiated with representatives of Texas Instruments in Los Angeles, and they were competing with Grumman for the military department of Texas Instruments. In terms of time, the results will soon be reached.
Whether it is General Electric or Texas Instruments, the results of the two parties are beneficial to Heishui, but Li Feng paid a little more for his shares than originally expected, reaching a total of 35% of the shares.However, Raytheon and Grumman are all acquired directly with cash, which is not very attractive.