The Son of Finance of the Great Age

  Chapter 617 Chicken and Egg Beat

   "You guys made a big mistake, a very serious mistake!"

Dick Fude yelled loudly as soon as he entered the door, completely ignoring the faces of other people in the conference room, "Lehman Brothers' real estate investment is very valuable, believe me. If you really give up this piece of income, you will definitely regret it in the future of."

  The Lehman Brothers negotiating team led by Herbert McDart did not know that Dick Foud would appear. In fact, after he reported to Dick Foud, the other party did not reveal any intention of attending at all. Now Dick Foud suddenly appeared in the conference room, catching McDart by surprise.

  The other party in the negotiation, Min Yusheng, was also very surprised. First, he was surprised by Dick Foud's sudden appearance, and second, because of the other party's words, he actually vigorously promoted the messy real estate of Leimen Brothers as soon as he came up. This behavior made him very uncomfortable, because he felt that all his previous efforts were in vain.

   McDart also felt frustrated. He finally reached an agreement with Min Yusheng, but now Dick Foud has destroyed the basis of cooperation as soon as he came up, which is tantamount to returning to the original point of negotiation. But Dick Foud is the spiritual leader and head of the Raymond Brothers, so even if he has any dissatisfaction, he can't express it on this occasion.

"No, we don't need these real properties!" Min Yusheng countered unceremoniously, "I have made it very clear to you before that we are not interested in these real properties. If you want us to acquire the shares of Leimen Brothers, This part of the assets must be divested."

"Min, your previous estimations were all wrong!" Dick Foud refused to show weakness at all, and was also stubbornly unwilling to give in. "According to the premium of 1.25 times, you have already taken advantage of it. In fact, regardless of It is very clear to you or to us that the assets on the books of Lehman Brothers are definitely not as small as 1.25 times. I believe you already know the news about the continuous siege of Lehman Brothers by short sellers. In this case, our stock price has been greatly reduced. It is extremely undervalued. Therefore, if you want to hold a holding at a premium of 1.25 times, I strongly recommend that you still hold a part of the real estate assets of Leimen Brothers.”

  Although his attitude was very tough, Dick Foud still made some concessions. He didn't ask the South Korean side to buy all the real estate of Raymond Brothers, but asked to buy part of it. Compared with before, this is not a small concession.

   It's just that his attitude successfully angered Min Yusheng. You must know that Min Yusheng is not the employee who worked for Leimen Brothers back then, but the CEO of the Korea Development Bank. With the backing of the South Korean government behind him, how can he be easily manipulated by Dick Fude, a shabby householder?

Although he was very upset in his heart, Min Yusheng still saved enough face for Dick Foud. He glanced at the other party expressionlessly, then turned his head and whispered to the merger lawyer beside him: "He let Dick I feel sick."

Barranquezzi is a senior partner of Cromwell Law Firm, an expert in mergers and acquisitions. He has led countless mergers or acquisitions transactions and has seen many negotiations in strange atmospheres, but he is still in such a hot scene. It was the first time he saw his client complaining so much, which made his scalp tingle.

Thinking that if this deal messed up, the high commissions of himself and the firm might disappear, Barranczi had to stand up and bite the bullet and said: "Mr. Fude, maybe you don't know the details of the negotiation. , why don't I explain it again. My client and you have reached a preliminary bidding agreement, we will only negotiate at the valuation level of 1.25 times, if it is a premium of 1.5 times, I don't think we will continue to negotiate It's possible."

"In addition, regarding your company's real estate assets, we have stated in advance that we are not interested in this. In fact, we don't think you have done enough write-downs on the balance sheet. So instead of spending time calculating real estate assets In terms of new value, it is better to completely divest this asset, which is in our interest."

"Okay then!" Dick Fude finally calmed down, glanced at Min Yusheng, saw that the other party had no objection, and continued, "Since this is the case, how do you think our real estate assets should be valued? Don't Not to mention, we specially made a term sheet for this purpose, maybe you should read it first and then talk about it.”

   As Dick Fude winked at Herbert McDart, the other party immediately took out a term sheet from before him and respectfully sent it to Min Yusheng.

   "I think we'll take a break first!" Balanczy nodded with his expression unchanged, "We need time to digest this term sheet."

  In all fairness, if it was in the state of the previous few days, Min Yusheng would not have such a big emotion, he is an extremely self-controlled person. But because he was persecuted by Zhong Shi, he had nowhere to vent his anger, and he met Dick Foud with a bad attitude, which made him lose control of his emotions.

   And Dick Foud also did it on purpose, he can now open his mouth like a lion and ask for more favorable conditions because he is confident. Because the asking prices of Korea Development Bank and Buffett are almost the same, if one party can accept a higher price, he will sell the shares to this party. He doesn't know the current psychology of Min Yusheng, but even if he knows, he won't care too much.

Min Yusheng, who was reading the term sheet in a small room, although he was casual, still nodded frequently at the valuation of the real estate assets listed by the Leimen Brothers. He could see that according to the price listed in the term sheet , This is the real value of the real estate held by Raymond Brothers.

  But soon this mood was completely destroyed by the last clause, and Min Yusheng became furious. At the end of the terms and conditions, it is impressively written: Korea Development Bank provides credit support to Leihman Brothers.

  It turned out that they not only wanted to find a next family, but even wanted to find someone to take advantage of! This is Min Yusheng's first reaction. You must know that the capital of the Korea Development Bank is the capital of the Korean government. In other words, it is the tax payment of the Korean people. How can this money be squandered by American capitalists who are tens of thousands of miles away?

  But deep down in his heart, Min Yusheng was overjoyed. He knew that his chance had finally come. As long as he brought the news of this clause back to South Korea, the pressure on his shoulders for the acquisition would be easily resolved. No Korean congressman would agree to such a clause. At that time, not only will South Korea not criticize him, but it will treat him differently.

   It’s just that Min Yusheng knew very well that if it wasn’t for Zhong Shi’s phone call, he would not have decisively chosen to cut off the Leimen Brothers at this time. As for whether this clause played a greater role or Zhong Shi played a greater role in it, even Min Yusheng himself couldn't tell.

   First of all, thanks to book friends Angel Tomahawk, Xiaoqi Civilization Miracle, Little Little Pig, Jiangnan Liu Feiyan, and yuerwa for voting monthly tickets! Thanks to book friend Xiao Qi for another reward for the miracle of civilization! ps: Life is so full of drama. Whenever this book is recommended and the author is ready to adjust the status and update it steadily, life will change again. The author has to leave tomorrow and go home. Part of it will be released tomorrow.

  (end of this chapter)