While Li Guangyu and Li Xuelan continued to discuss the layout of the supermarket group, Gan Qin led Yilanli Herrington, president of Goldman Sachs China, to the office.
Li Guangyu said to her: Ms. Herrington, welcome to your arrival.
Yilanli received a call from Gan Qin in the morning, asking her to come to Li's Building. Li Guangyu had something to discuss with her. Now when she came to the office and saw the president of Hengyu Supermarket Group here, she knew that she had asked her last time
The business of the 711 company recommended by Li Guangyu was probably fine, and he finally got a big order for the group.
Yilanli Herrington said: Li Sheng, Miss Li, I am very happy to meet you.
After Li Guangyu invited Yilanli Herrington to sit down, he asked Gan Qin to bring her a cup of coffee.
Yilanli Herrington said: Li Sheng, you are too polite. In fact, tea is just as good.
Li Guangyu said: Ms. Herrington, our group also prepares coffee. You are welcome. You can tell Gan Qin which flavor you like, and she can send it to you according to your taste.
When Yilanli Herrington saw what Li Guangyu said, she was no longer polite and told Gan Qin her favorite taste.
After Gan Qin left, Li Guangyu said: Ms. Herrington, I invite you here this time mainly because I want to discuss with you issues related to your 711 company under the American Southern Company.
Ilanli Herrington said: Mr. Li, you must have a clearer understanding of Southern Company and its 711 companies now. We at Goldman Sachs cannot deceive you in this regard. I wonder if you have any questions that you need me to answer.
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This morning, Peng Xiaoli reported to Li Guangyu the relevant situation about Southern Company and the 711 investigation.
Li Guangyu felt a little strange. His Jiayi TV star had to deal with the Texas consortium. The 711 to be acquired this time belonged to the Texas consortium. The headquarters of Southern Company belonged to Dallas. He just didn't know if the shareholders behind it were members of the Texas consortium.
.
Therefore, Li Guangyu plans to let Goldman Sachs do the acquisition this time. If he does it himself, it is estimated that if it belongs to the Texas consortium, even if he is willing to sell it to himself, the acquisition price will not be cheap.
Li Guangyu said: Ms. Herrington, I guess Goldman Sachs has also evaluated 711. I wonder how much money you need to complete the acquisition of 711?
Ilanli Herrington said: Mr. Li, the 711 brand is not only very well-known in the United States, but also has agents in Japan, Mexico, Taiwan and other regions. Our price is US$500 million to buy Southern Company for you.
The 711 Company, which includes the 711 brand and its convenience stores in the United States.
Li Guangyu is not satisfied with such a price. It is really too high. At such a price, he might as well establish a new convenience store company. In Asia, he does not need to worry about the brand at all. The Li Group is in these
The region has sufficient influence.
Li Guangyu said: Ms. Herrington, I don’t think many companies will buy 711 at such a high price. As far as we know, the profitability of 711 convenience stores in the United States is not very satisfactory. It would be good if they can not lose money? Want to
It seems impossible to have higher profits. Nowadays, only the 711 brand can be worth some money. Their stores are all rented. These stores are not worth much at all.
Ilanli Herrington also tried to quote a price, but left a lot of room for negotiation, leaving some room for negotiation.
She herself has heard some rumors that the Lee Group has made tens of billions of Hong Kong dollars in profits from the stock market this time, and has enough financial resources to survive 711. If it weren't for some industries that Li Guangyu, as a Hong Kong native, was not easy to acquire, she would have continued
Recommend some big groups to Li Guangyu, such as Disney Group.
It is a pity that although many groups do not explicitly restrict foreign personnel from acquiring companies, if Li Guangyu wanted to acquire the Disney Group, he would definitely not be approved.
cfius is a department established by the United States to deal with foreign acquisitions of domestic companies. It is an organization composed of the Department of Intelligence, the Department of Defense, and the Treasury Department. Any acquisition that threatens U.S. security will not be approved.
The Disney Group has one of the top TV brands in the United States. The public opinion in the United States is quite influential. Non-American citizens almost eliminate the possibility of acquiring it.
Yilanli Herrington said: Mr. Li, I wonder what price you think is more appropriate?
Li Guangyu said: Ms. Herrington, I sincerely want to make this deal with Goldman Sachs. I think the price of US$200 million is more appropriate at present.
Yilanli Herrington did not expect that Li Guangyu bargained so hard. This was because he did not want his company to make money. It would be good if he could win over 711 at this price, but his company would be working in vain.
Yilanli Herrington said: Mr. Li, it seems that your group has made a detailed assessment of the value of 711, but if you only offer this price, we at Goldman Sachs will not be able to take this business from you. After all,
It also costs money for us to negotiate acquisitions. You can't ask us to complete your business at a loss.
Li Guangyu said: Ms. Herrington, you should come up with a price that Goldman Sachs thinks you can do. Our Li Group also knows Southern Company and 711 very well, and everyone shows sincerity.
After Yilanli thought for a while, she said to Li Guangyu: Li Sheng, you also know that when we discuss the acquisition, we will use a lot of resources to ensure that we can successfully hand over the 711 company to you, so there are
A lot of expenses, in order to continue to cooperate with your group in the future, we only need 230 million US dollars this time, and the acquisition time is expected to take about three months.
After Li Guangyu thought about it for a while, he agreed to Yilanli Herrington's proposal. The price was relatively low. If it were purchased at the current price, Goldman Sachs would not make much money.
However, Li Guangyu believes that Goldman Sachs must have a way to lower the acquisition price. Their elites are not particularly strong in negotiating acquisitions, which is why many companies will seek cooperation with them in mergers and acquisitions.
Before leaving, Ilanli Herrington said: Mr. Li, if you still need to acquire anything in the United States, you can also come to us at Goldman Sachs. As long as the industry in the United States allows you to enter, I believe that our Goldman Sachs can do it for you.
You bought it.
Li Guangyu has no plans to focus on developing the U.S. market. At present, it is still focused on Japan and Taiwan. The most important thing in the United States is to invest in some future high-tech companies, especially those Internet companies that Li Guangyu is familiar with.
Li Guangyu never thought about holding a controlling stake. He became an angel investor and got more than ten percent of the shares, so as not to affect the development of these companies.
If Li Guangyu controls these companies, there will definitely be problems in their development, and the U.S. government will inevitably impose some restrictions on them. If they cannot develop by then, Li Guangyu will suffer a big loss.
After Li Guangyu sent away Yilanli Herrington, he said to Li Xuelan: When you are presiding over the expansion of our supermarket group in Baodao this time, you should also pay more attention to the 711 situation of Uni-President Group in Baodao, and establish a 711 for ourselves.
Make preparations.
Li Xuelan is also very happy. This has expanded another business for her group. A retail group composed of large supermarkets and convenience stores can complement each other and greatly improve the group's comprehensive strength.
Li Xuelan said: Don't worry, Li Sheng. I will observe more about the operation of 7-11 over there in Baodao, prepare for our group to open 711, and learn more experience from it.
Li Guangyu said: This time our 711 will start to expand from Xiangjiang, and then Southeast Asia, Japan and Taiwan will be given over to Yanghuatang and Uni-President Group, but the agency fee will have to be redefined by then.