Rebirth of the Capital Legend
Chapter 320 The initiative in negotiations!
Su Yi didn't believe a word of Noel's words.
Of course, he can understand what Noel said.
After all, as an important shareholder of FXCM International, everyone hopes to sell his shares at a higher price. If he believes Noel's words, and he is eager to acquire FXCM International, he will inevitably be led by the other party, take the initiative, and spend a higher acquisition price.
"What does Mr. Su mean by this?" Noel frowned when he heard Su Yi's words. "Mr. Su thinks that our 'FXCM International' is not worth the market valuation and thinks that our shareholders are asking for an exorbitant price?"
Su Yi smiled and said, "That's not what I meant. I just hope that both of us can be more sincere."
"We are of course sincerely communicating with Mr. Su and his team, and we do attach great importance to the acquisition proposal proposed by Mr. Su." Stuart felt that the situation was a bit awkward, and immediately emphasized, "But I think Mr. Su should still give us a more accurate answer."
"Okay." Su Yi thought about it, weighed the pros and cons of the negotiation, and said, "How about this, everyone, no matter what the final results of our asset evaluation and financial calculations of your company are, our organization will acquire a total of 75% of the shares of 'FXCM International' from all shareholders, and the consideration will not be less than US$10.5 billion. How about that?"
I heard the price of $10.5 billion mentioned by Su Yi.
All FXCM International shareholders are somewhat dissatisfied.
After all, according to Su Yi, Huayi Capital's overall valuation of FXCM International is only US$14 billion.
And this valuation of $14 billion...
Among the various potential acquisition agencies they are currently contacting, this is basically the lowest bid valuation.
Of course, the only institution that proposed an all-cash acquisition, allowed shareholders to retain part of their shares, and did not make major adjustments to the company's business structure and personnel structure was Huayi Capital.
But no matter how excellent the other additional acquisition conditions proposed by Huayi Capital are.
However, the direct valuation gap cannot be ignored at all.
"Boss Su, you just said that you hope that both sides will conduct this negotiation with sincerity." Stuart also frowned at this time and said, "But I think the valuation conditions you just gave us FXCM International are not sincere at all."
Su Yi responded with a smile: "I have said that for the specific final acquisition price, our organization needs to fully understand the financial data and business conditions of 'FXCM International' before we can give an accurate valuation. The price I just mentioned is the minimum price.
it means……
Even if your company is currently insolvent and its business is at risk of bankruptcy.
As long as all shareholders are willing to sell their shares, we can purchase them according to this guaranteed price.
I believe that such conditions are necessary when your company is already deeply in debt and unable to pay the huge losses from its positions caused by this round of 'Pound Black Swan' event.
In the entire international investment market, no other institution would dare to offer such conditions or say such words.
I know that there may be several institutions that are interested in acquiring you. During the initial contact, the intended acquisition prices they offer you are much higher than this reserve price.
However, what is the final negotiated price and the acquisition conditions that the other party is willing to give?
I believe that all shareholders have their own judgment.
If Mr. Stewart feels that we, Huayi Capital, are insincere..."
Su Yi said this, looked around at everyone at the negotiation table, paused, and continued: "Our team can leave immediately, of course... If the team of our organization walks out of the door of this conference room, then the proposed acquisition will absolutely have no room for maneuver at this time.
I hope Mr. Stewart and all the FXCM International shareholders here can understand.
We, Huayi Capital, have come from afar not to acquire your company. The reason why our organization has a strong interest in your company and is willing to help your company overcome difficulties in this difficult time is due to our previous pleasant cooperation.
In fact, if this acquisition is forced to abandon.
It has no impact on the future and current business development of Huayi Capital."
After saying that, Su Yi looked at Stuart's face again, waiting for his response.
At the same time, Wang Huaijin, who was sitting next to Su Yi in the Huayi Capital team, had been packing up his documents and closing his laptop as Su Yi said, as if he was about to leave.
Stuart thought carefully about what Su Yi said.
It turns out that Huayi Capital's abandonment of the acquisition really had no impact at all.
Moreover, if they give up Huayi Capital, which has shown strong interest in them and is willing to quickly advance the acquisition, it seems extremely difficult for them to find another acquisition agency that is willing to make an all-cash acquisition and can relatively maintain the independent operation of FXCM International.
So, many thoughts flashed through Stuart's mind for only a moment.
The next moment, before Wang Huaijin could stand up from the chair in front of the conference table, Stuart, who had been gloomy just now, immediately put on a smile again and said with a smile: "What are you talking about, Mr. Su? As the collective shareholders of FXCM International, we naturally welcome Mr. Su and everyone in Huayi Capital.
What you just said...
It is necessary to conduct a comprehensive investigation and measurement of the financial status, business development and operation of our 'FXCM International'.
I think this is as it should be, but I hope that the investigation and calculation can be completed as soon as possible. After all, time is very precious to both of us. "
“Chairman…” Noel wanted to say something else.
Stuart immediately glanced at him, interrupted him, and continued with a smile: "We accept the proposal of a guaranteed purchase price of US$10.5 billion, but I believe that after President Su and his team fully investigate and evaluate the asset structure and financial data of our 'FXCM International', they will give us a more fair price."
"Okay." Su Yi nodded with a smile and said, "Thank you very much for your understanding, Mr. Stuart."
After discussing this most important issue...
The two sides also negotiated other acquisition matters.
Finally, after several hours of negotiations, the two parties reached a preliminary agreement and signed a preliminary acquisition intention contract.
In the evening, Su Yi and his 'Hua Yi Capital' team.
We had another meal together, hosted by the shareholders and group executives of FXCM International.
Then, the next day, July 7th.
The Huayi Capital team brought by Su Yi, with the cooperation of FXCM International's senior executives and shareholders, began to settle in the FXCM International Group to collect the data required for the acquisition.
Of course, when the 'Huayi Capital' team began to settle in 'FXCM International'.
Since the final acquisition plan has not been determined, the final acquisition contract has not been signed.
All shareholders of FXCM International, especially those who feel that the acquisition conditions proposed by Su Yi are somewhat problematic, are still privately contacting other interested institutions. (End of this chapter)
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