Home appliance chain Hu: The story for medium and large mergers and acquisitions
Everything seemed so dramatic. The evening of December 12, Suning Appliance (002,024 market, stock it) (002024.SZ) released abruptly terminated acquisition of large and medium notice. Earlier, Suning has scheduled a press conference announced the successful acquisition of the date and location?? December 20, Nanjing.
12 23 o'clock the evening of 14, Gome (0493.HK) released in the Hong Kong Stock Exchange will be commissioned by the form of loans to medium and large third-party M & A announcement.
Two are separated by only two days notice of the release. Less than 48 hours, an amount of up to 38 million, called the 2007 appliance chain industry's most influential M & A success!
1982 fortune in Beijing, Da indeed wily, clever use of the Gome and Suning, after the conflict, "a famous label had the last laugh." Jiangsu and Zhejiang were the inherent caution to Suning missed the best acquisition opportunities, and for the country the United States, its executive vice president on December 16 speech at the National Council may be representative of the video, "we can only lament the country a few years ago the United States do too bad in the Beijing market, otherwise we would not have had this year. "
Da 3.8 billion in cash with a tearful goodbye to his career of 25 years to build, Huang Guangyu's "scorched earth" policy is also not allowed to own a small price to withstand some loss of Suning, has begun to search for increasingly scarce "better opportunities", electrical chain industry, continues the story … …
Two days of fierce fighting in cash repel Suning GOME
Previously, dilating in the selection of objects in the sale has always been inclined to Suning, Suning, after all, has completed a financial audit, and the funds are in place, he sent the two sides signed. Suning has begun to prepare for the medium and large installed ERP system, the Soviet Union and is prepared to invite manufacturers and the media on December 20 to Nanjing to participate in the ceremony of its acquisition of medium and large.
Huang Guangyu
then made a bold decision but there was nothing: improve the price tag and all cash payments. This is Da in the hope to get. (Extraction of text)
12 12 day was Suning Appliance is a dramatic one day. 3 pm the same day, Zhang Jindong, chairman of Suning Appliance JW Marriott Hotel Hong Kong debut in Haier, Midea, Motorola, six core surrounded by the supplier in the high-profile On the Road "Made in China", 4 hours later, Suning Appliance's a notice declaring a nearly 9 months of Suning large and medium end of the deal.
In fact, before Hong Kong, Zhang Jindong, the country has been known to improve the U.S. price, and this is the last country to attack the United States.
From 10 to 12, less than 48 hours, large and medium state between the U.S. and what happened?
Previously, dilating in the selection of objects in the sale has always been inclined to Suning, Suning, after all, has completed a financial audit, and the funds are in place, he sent the two sides signed. Suning has begun to prepare for the medium and large installed ERP system, the Soviet Union and is prepared to invite manufacturers and the media on December 20 to Nanjing to participate in the ceremony of its acquisition of medium and large.
Huang Guangyu
then made a bold decision but there was nothing: improve the price tag and all cash payments. This is Da in the hope to get.
Chen Xiao told reporters, "Su Ning did not notice that the agreement is in fact the core provisions of the price and trading patterns, the country did the United States in this regard, because the country the U.S. has enough cash on hand, especially in 2007, 5 Conversion on the issue of bonds to raise 6.5 billion in cash. "
12 10, the negotiations in the final moments, Huang Guangyu to the camp to negotiate, to make Da felt decent but quickly reached an agreement and avoid dark and dreary, Wong Kwong Yu proposed a third-party Beijing Zhan Sheng investment companies 3.6 billion in cash to acquire Dazhong.
I am China Manufacturers writer, reports some information about wholesale drinking glasses , plastic photo mug.
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