Winning the new financial era

Chapter 539 Bidding
Germany.

Leverkusen.

Bayer Global President Werner Baumann received Zhang Yida and his team from China at the headquarters.

Along with Zhang Yida are Shen Beipeng, Zhang Sanshi, and Robert Goldman Sachs and other financial advisors and legal advisors.

In a very luxurious conference room, after the two parties shook hands warmly, they sat on both sides of the long conference table.

Werner Baumann said with a smile: "For the arrival of Mr. Zhang and his party, on behalf of the Bayer Group, I would like to extend a warm welcome.

But some words are still lingering. Your representative has been negotiating with us for half a year, and our psychological price has not yet been reached.

Coincidentally, Lilly Animal Health also expressed a certain interest in Bayer Animal Health at this time.

In view of the order of first come first served, I decided to have another talk with you.If the price we are satisfied with cannot be reached, we may have to choose Lilly Animal Health. "

Zhang Yida couldn't understand German, so a business translator translated it.

Zhang Yida, Shen Beipeng, and Zhang Sanshi looked at each other, and Zhang Sanshi said: "Mr. Baoman, Eli Lilly also has a pharmaceutical business, and it is still a competitor with Bayer.

And our Chinese consortium has no conflict with Bayer in this regard. "

Bayer's translator translated Zhang Sanshi's words to Baoman, and Baoman replied with a smile: "Bayer is not afraid of any competition, and it is okay to sell to any company for the animal protection business.

We only look at the price, whoever gets the price gets it. "

Zhang Sanshi frowned, and rushed out a Lili on the way, which was a bit troublesome.

Zhang Yida asked: "I don't know what kind of acquisition conditions Lilly offered Bayer?"

"$50 billion in cash, plus $20 billion in stock."

Baoman was very frank, and quoted the price directly, and then looked at the Chinese party with his eyes, and saw that they were all expressionless and could not see anything.

"The US$66 billion quotation we offered is all in cash. For Bayer, which has just acquired Monsanto, cash is the most urgent thing?" Zhang Yida asked.

Bowman smiled slightly, "We bought Monsanto at a price of 625 billion US dollars, and the cash brought in from the sale of the animal protection business is just a drop in the bucket.

We don't lack cash, and what matters more is the quotation. If you are willing to pay a certain percentage of the stock as the transaction consideration, that's fine too. "

Zhang Yida knew that what the other party said was true. It is understood that in order to complete the acquisition of Monsanto, Bayer conducted a bridge financing of 570 billion US dollars, including two parts of equity and debt.

This is a real giant, one of the world's Big Three in agricultural fertilizers and the world's largest producer of seeds and pesticides.

Its competitors are all at the level of "DowDuPont" and "ChemChina-Syngenta".

This is only its agriculture and fertilizer business. Bayer's polymer materials, pharmaceuticals and other two businesses also have a large volume.

Zhang Yida understood the meaning of Pinbauman's words, and it should be that he wanted to bid on his own side with Lilly.

This kind of bidding is very unfavorable to one's own side and is not transparent.

So Zhang Yida said, "Then it's better to let Lilly bid with us."

Baoman's eyes lit up, he nodded and said, "Yes, this is exactly what I want."

……

Back at the hotel, Zhang Sanshi, Shen Beipeng, and Zhang Yida began to discuss.

"Yida, I'm not saying that the bidding is wrong. After all, this company is in their hands, and it's their freedom to sell it how they want."

Holding a glass of red wine, Zhang Sanshi talked about his own opinions.

Gaoling Capital wants to invest 10 billion US dollars in this transaction, which is all the investor's money, so he must be more cautious.

"I think Bayer still has the determination to sell the business, but it just wants to sell it for a price."

There have been a lot of mergers and acquisitions, and Shen Beipeng has a clear understanding of some of the situations.

"Yes, it's up for grabs."

Zhang Sanshi said, "We have to add an upper limit to this price.

We are here to make money by buying Bayer's animal protection business. The price is beyond the psychological price, so we would rather not. "

"Then talk about your psychological price."

Although Zhang Yida really wanted to buy Bayer Animal Insurance, Zhang Sanshi was right, he bought it to make money, and if he couldn't make money, he might as well not buy it.

"Bayer Animal Health made a net profit of US$4 million last year. Considering the slowdown in business growth, I think it is more appropriate to have a valuation of no more than 20 times PE."

Shen Beipeng nodded in agreement with Zhang Sanshi's point of view, "After the acquisition of Bayer Animal Health, relying on Pet Holdings and Gao Ling's layout in China's pet industry, it is inevitable that Bayer Animal Health will usher in a certain increase in revenue.

But this increase belongs to the dividends after our acquisition and cannot be included in the transaction.

80 billion US dollars is not a lot. Don't look at Baumann's mouthful of money. In fact, Bayer's debt is very high.

The all-cash terms we offer are actually very attractive, which is also a big advantage for us. "

Zhang Yida nodded, "That's fine, let's use 80 billion US dollars as the upper limit, and give up if it exceeds this line."

……

I stayed in Germany for two more days, and finally waited for the bidding negotiation meeting held by Bayer.

In addition to a group of blond-haired and blue-eyed foreigners, there is also a group of black-haired and black-eyed Asians.

As he got closer, Zhang Yida saw that this was a group of Chinese...

The revived boss Guo Kuangchang also greeted Zhang Yida, Shen Beipeng, and Zhang Sanshi.

"Guys, don't blame Fuxing for joining in the fun.

In fact, I have always been interested in the pet industry, but I have never seen a suitable target.

When Bayer heard we were interested, they invited us to the conference. "

Zhang Yida smiled and waved his hands, "How can you blame me? This is a business matter, and everyone is free to compete."

Zhang Sanshi secretly said something was wrong, there are many business sectors for revival, the first ones were real estate and medicine, and later developed into comprehensive investment.

The acquisition of Bayer Animal Health has enough motivation and strength, so it's not easy to deal with!

Shen Beipeng chuckled, "Let's each use our means! But don't let us fight on our own and let foreigners take advantage of it."

Guo Kuangchang grinned, "Boss Shen is right, I will pay attention."

Baoman walked onto the stage and said with a smile: "Everyone is here, let's start!"

A staff member of Bayer began to explain the bidding rules, "The base price is 70 billion US dollars, and each increase is no less than 5000 million US dollars..."

"$70.5 billion!"

The Lilly folks seemed determined to win, and were the first to make offers.

"$71 billion!"

Not to be outdone, Guo Kuangchang began to increase the price.

"$75 billion!"

Hearing that Zhang Yida added 4 million US dollars in one go, Guo Kuangchang and Lilly's people all looked sideways at him.

Especially Guo Kuangchang, very depressed, this is not money as money.

Shen Beipeng had the nerve to remind himself not to take advantage of foreigners, what is Zhang Yida's practice called?
"$75.5 billion!"

Lilly's people hesitated for a moment, and launched a new round of quotations.

"$76 billion!"

Guo Kuangchang's eyes are firm. He has also considered the acquisition of Bayer Animal Insurance, and the price is affordable.

The people from Lilly stopped talking, not knowing whether to bide their time or give up completely.

"A billion dollars."

Zhang Yida spit out a number lightly.

Guo Kuangchang gave Zhang Yida a sideways look, with a blank expression on his face, and continued to increase the price.

……

"A billion dollars."

After reporting this number, Zhang Yida looked relaxed on the surface, but in fact he was not at peace.

He glanced at Guo Kuangchang, if the other party wanted to increase the price, he had no choice but to give up.

Guo Kuangchang took a deep look at Zhang Yida and sighed: "We give up!"

(End of this chapter)