Riyu's Back File 2011

Chapter 123 of 2011

It's just that they have to give up the pride of the past and become more pragmatic, so that they can pack lightly.

###One Hundred and Thirty Three Chapter M&A Completion###

After half a year of preparation and negotiation, in the first week of August, Japan Life Pharmaceutical Group held a press conference in Tokyo.

Nippon Life Pharmaceutical Group's acquisition of Shiono Yoshihide Pharmaceutical Co., Ltd. and Kobayashi Pharmaceutical Co., Ltd. has officially come to an end.Acquisition methods include both share swaps, cash payment and other payment methods.

Share swaps are mainly aimed at major shareholders such as Japan Trust Bank and Japan Trust Services Bank, while cash payment methods are aimed at some retail investors.The working group originally in charge of the acquisition was not prepared to use the method of share swap to make the acquisition, because after evaluation, this method was somewhat disadvantageous for Japan Life.

The original plan of the acquisition team was to complete two acquisitions within one year. First, it was aimed at Shiono Yoshitaka, whose market value was small and negotiations were progressing smoothly. After the privatization and delisting, with the cash reserves of Japan Life Pharmaceuticals, the acquisition plan could be completed. .

After the integration is completed, funds are raised to initiate an acquisition of Ono Pharmaceutical Company. In this way, the phased acquisition will have much less pressure on the business risk and cash flow of Japan Life.

But who knew that after Jim O'Neill discussed with State Street Bank, the other party proposed a plan to join in.If Nippon Life Insurance agrees to State Street’s shareholding plan, the other party is willing to provide an unsecured loan of US$2 billion and create conditions for Nippon Life Pharmaceutical to acquire Ono Pharmaceutical.

After a brief discussion between Miyazaki Sosuke and Jim O'Neill, they agreed to the State Street Bank’s entry conditions. As a result, the major shareholder rebelled and Kobayashi Pharmaceuticals, which was still stuck in no progress, also became smooth.

So after more than a month of sprint, Japan Life Group officially completed the acquisition of two medium-sized pharmaceutical companies in August and successfully completed the privatization and delisting.

After the company's reorganization, Miyazaki Sosuke continued to serve as the chairman of the board of directors of the Nippon Life Group. Its Alpha Investment Company holds about 30% of the group company’s shares, and the shares of Goldman Sachs Group and SVB Investment Company have been reduced to 20. %about.

State Street Bank became the fourth largest shareholder of Nippon Life Group, holding about 15% of the shares. The remaining 15% of the shares are held by Japan Trust Bank, Japan Trust Services Bank and other institutions.

The press conference of Japan Life Pharmaceutical Group delivered a blockbuster to the market.After two acquisitions, Japan Biopharmaceutical Group has rapidly grown into the top 30 pharmaceutical companies in the world, and it also has a huge marketing network.

Miyazaki Sosuke also hired their chief operating officer Pascal Soliote from Roche Pharmaceuticals after some thoughts, to get ahead of AstraZeneca Pharmaceuticals, and hired him as the executive director of Nippon Life Pharmaceuticals. And CEO.

Pascal Soriot was previously the CEO of Genentech and successfully facilitated the merger of the company's San Francisco biologics business with Roche.Most importantly, this Frenchman with more than ten years of experience is also a legend.

If he successfully enters AstraZeneca Pharmaceutical Group as CEO in two months, he will reject Ruihui's 110 billion acquisition and lead AstraZeneca Pharmaceutical Group, a pharmaceutical company similar to Japan Life Pharmaceuticals. In ten years, AstraZeneca doubled its sales revenue to 45 billion U.S. dollars, making AstraZeneca Pharmaceutical Group the fastest-growing pharmaceutical company in the following ten years.

Taketa Tamaki, the head of the acquisition team, also successfully entered the management of Japan Life from a partner of a public relations company, became the senior vice president in charge of marketing, and successfully completed his career jump. .

The chairman and CEO of the former Shiono Yoshihide Pharmaceutical Co., Ltd., became the senior vice president responsible for technology and pharmaceutical development. Most of the management of Shiono Yoshihide Pharmaceutical was retained. In this way, the executive structure of Nippon Life Group The setup is completed.

The poor executives of Ono Pharmaceutical Group were all sent to Malaysia and the Philippines as consultants with a swipe of a big pen. They forced the other party to resign and saved a sum of compensation.

After laying a foundation for the layout of his big health industry, Miyazaki Aosuke was also a little bit complacent. In his office in the Goldman Sachs Building, he also talked with Jim O'Neill, the chief staff member of the Goldman Sachs Group. The problems that occurred in the acquisition case.

"I heard that you have been fighting with female stars in the entertainment industry recently?" Jim O'Neill put down the book in his hand, took off his eyes and took the glass of whiskey and ice from Miyazaki's hand.

"There are some personal hobbies that will inevitably overlap with them, and they will naturally be involved." Miyazaki Sosuke took the wine glass and leaned on the black and red desk, a distance from Jim O'Neill sitting on the opposite sofa. .

"You should be careful. Women are always troublesome creatures, especially women in the entertainment industry. Their scheming is deeper than the sea. Don’t be like the old man Soros. laughing stock."

Jim O'Neill took a sip of the whiskey in the glass, still the familiar taste, his eyes were deep and he savored it carefully.

Soros Soros, a Wall Street financial giant and founder of the Quantum Fund, was sued in 2011 by his ex-girlfriend, 30-year-old Brazilian soap opera actress Adriana Ferrer, to the Manhattan High Court in New York. Soros was charged with fraud, mental abuse, and assault, and he asked the other party to pay 50 million US dollars in compensation.

The case was heard in a New York court on February 4 this year.What is staggering is that in the court, the angry Ferrer could not contain his anger, slapped Soros' head with a slap, and slapped the old Soros at the spot.

After this battle, Soros, a well-known financial tycoon, is not only very likely to lose the lawsuit and bear huge economic losses, but he also succeeds in becoming the laughing stock of Wall Street.Compared to actresses with higher hearts, Wall Street bankers prefer professional girls who take money to do business. Except for their reputation not as good as Hollywood actresses, they don't know how much higher they are in terms of quality and variety.

"Don't worry, I don't plan to get married in my life, so naturally I don't have to worry about this kind of problem." Miyazaki Cangsuke raised the cup and gestured to Jim O'Neill, and the two clinked glasses in the air.

Just like Miyazaki Cangsuke said, as long as you don’t plan to get married, you don’t have to consider the issue of property division after divorce. There is no financial entanglement. The possibility of a bloody thing like Soros’s happening to him. It becomes very small, and even if it happens, it can be handled easily.

###One Hundred and Thirty-Four Chapter Walk Your Way###

Hearing Miyazaki Sosuke's words, Jim O'Neal smiled unconsciously, and Miyazaki's thoughts made him very recognized.Jim O’Neal has seen countless new stars rise up and fall in the blink of an eye since Jim O’Neal has been in the business for so many years. A large part of them is because of the problem of women.

Miyazaki Sosuke does not hire professional girls. This is a good habit in Jim O'Neal's view, and it is worth keeping for a long time.If Miyazaki didn't drink the lace news of female stars, it would be better.

"Okay, let's not laugh. Do you think this acquisition has met the established expectations?" Jim O'Neill put a smile away, and said to Miyazaki Aosuke blankly.

As the chairman of the Goldman Sachs Group Asset Management Committee, Jim O’Neill has handled many investment acquisition cases, especially small and medium-sized cases such as the acquisition of Shiono Yoshihide Pharmaceutical and Ono Pharmaceutical by the Life Group. He sees many of them every year.

"It should be regarded as reaching my set goals!" Miyazaki Sosuke thought about his own gains after this acquisition.

"But have you ever thought about it? If you spend this four billion dollars, oh no, and State Street's two billion dollars, six billion dollars in other fields, will you make more money? I know You are in the big health field, but based on my experience, this investment cannot be effective within ten years. Have you ever wondered whether investing in other industries can turn six billion US dollars into one hundred in three years Billion? Another six billion dollars to buy, is this a better way?"

Jim O'Neill likes Miyazaki Sosuke's spirit very much. Goldman Sachs selects partners from all over the world every year, and many of them are promoted to partners at the age of 30.But for so many years in the industry, Jim O'Neal has never seen a newcomer who knows how to restrain himself like Miyazaki Sosuke.

The market is ever-changing. Only by knowing how to restrain your greed can you survive the storm. This is also the experience that Jim O’Neal has summed up over the years.

Many newcomers, who first enter the market, have the idea of ​​getting rich overnight, often overwhelming all their homes for a risky and uncertain project, and finally end up in ruin.Even if you succeed once, twice, or three times by chance, you will end up ruined.

Since his debut, Miyazaki’s investment style is very similar to that of Jim O’Neill. He is a kind of cautious and prudent plan, such as the long-term investment in the health industry. Wall Street investors who are eager for quick success have never bothered, so Jim O'Neal couldn't help but test whether Miyazaki was really cautious or disguised his radical.

"Actually, I also thought about trying to invest in some industries with greater potential. Whether it’s Twitter or Netflix, I did some attempts last year. But I later found out that I still prefer to be able to control myself. Companies in the country.” Miyazaki Sosuke shared some of his thoughts with his senior, Jim O’Neal, as if to see how the other party viewed his investment methods.

"There are many companies where investment can and can't be done. This may be uncomfortable for me, because I personally have a strong control in corporate management. I always think, we invest funds for them, Putting energy into directing their development, and in the end the company has become someone else’s. Such investment is really meaningless to me."

What Miyazaki Sosuke said to Jim O'Neal was also his true word.Investing in someone else’s company like a Santa Claus, directing how others develop, and finally after the company has developed, it is someone else’s company. I am just a bystander. For Miyazaki Sosuke, such an investment is too cheap for others. Up.

Jim O'Neill did not reply after learning about Miyazaki's thoughts.Just knowing that the other party is not that kind of impulsive investor is enough for him.As for Miyazaki Sosuke's investment method, he did not comment.Everyone has their own investment thinking. As long as they can satisfy investors, that is a good way. As for whether to play in the long-term or the short-term, there is actually not much comparison.

Miyazaki Sosuke and Jim O’Neill discussed the management of the Life Group. They discussed some future strategic goals for two hours. Knowing that the old man was a little tired, the discussion ended.

Just like Miyazaki Sosuke and Jim O’Neill discussed, he didn’t have the kind of idea to build a financial empire. Some just wanted to do a little business, improve some status, enjoy life, and finally fall in love. My glorious life.

Alpha Investments has now formed an Internet service group with Wechat and Beta as its core, and a large health field group with Bensheng Pharmaceutical as its core.This is also the career direction Miyazaki Sosuke chose for himself.

If you really want to develop a financial group, in fact, whether it is Internet service providers like Wechat and BETA or Bensheng Pharmaceutical Group, it is not an industry that can make a lot of money.

In the world, there are only two directions that can really make a lot of money. One is the financial industry and the other is the high-tech monopoly industry.Pharmaceuticals and the Internet, as well as real estate, automobiles, entertainment, etc., are just marginal industries attached to the financial industry.

Without a bank, the ways of making money and financing will become stretched. Without a high-tech company like the semiconductor industry, where can we negotiate policies and support with the government, and where can we monopolize the market to earn huge monopoly profits.

In short, rich and technical, this is the invincible martial arts in the world.The pharmaceutical industry, a high-investment and high-risk investment industry, does not look like a top martial arts that can dominate the world. It can be regarded as top-notch, and it is slammed by semiconductor, communications and other industries.

The pharmaceutical industry is a capital-intensive industry, and even the rate of return is not as good as real estate. Land speculation can make more money than selling drugs.

But is there really only two paths in life, finance and high-tech industries?Do you have to go to banks and semiconductors to achieve self-worth?

Miyazaki Sosuke doesn’t think so. It’s like his investment in the pharmaceutical industry, just to lay a foundation for the industrial layout of the big health field. As long as he can realize the ideas in his mind, he feels that his investment direction will not be too rewarding. High profits can be regarded as fulfilling their wishes.

Really want to rush into the panel, chip and other industries without hesitation at this time in 2012, or engage in financial wars, and fight against both parties around the world. Miyazaki Asosuke, who only works four hours a day Lazy man, I really don't want to force myself like this.

As long as the road is right, it doesn't matter if he goes to Rome?Is it true that being a countryman in Zigong must be worse than a Shanghainese?The godfather said.

###One hundred and thirty-fifth chapter NHK thrown olive branch###

August is the midsummer season in Tokyo, and the temperature gradually rises to make people feel the skin's cowardice in the face of ultraviolet rays.

"Cangsuke, help me get the sunscreen!" Tanaka Mina was in front of the bathroom mirror, and carefully checked where she hadn't applied to her face, her hair was curled up, and her hand was still tied with a rubber band.

"Which bottle?" Miyazaki Sosuke threw his mobile phone aside, got up from the top in shorts, looked at the densely packed bottles and cans in front of the dressing table, and couldn't tell which bottle of sunscreen was.