The smile on Bauman's face almost overflowed. It is said that the Chinese are good at internal fighting, and they are indeed well-deserved!
It seems that I made the right move by temporarily introducing revival. Otherwise, how could I have sold hundreds of millions more dollars?
Zhang Sanshi and Shen Beipeng both looked unhappy. Although they successfully bought Bayer Animal Health, they spent US$350 million in vain.
If Renaissance had not interfered with it, Lilly should have given up at the US$7.6 billion line.
Guo Kuangchang was a little embarrassed and did agree to what Shen Beipeng just said.
But shopping malls are like battlefields. Just because you are Chinese, you can't let me give in, right?
This time, Zhang Yida and the others were completely offended. He was too embarrassed to say hello and just left with them.
"Congratulations to Mr. Zhang, Bayer's animal health business is yours."
Baoman held Zhang Yida's hand enthusiastically, shaking him until half of Zhang Yida's body went numb.
"Okay, Mr. Bowman."
Zhang Yida quickly stopped and asked: "When will we start delivery?"
"You can do it at any time. After signing the agreement, let's start the due diligence!"
Bauman is in a good mood now and can't wait to sign the agreement now.
Back at the hotel, Zhang Sanshi shook his head and said, "I'm convinced. Is Guo Kuangchang drunk or too drunk? Can he compete with us with his little financial resources?"
Shen Beipeng had a dark face and said coldly, "Some people are just so bad. Even though I've said hello in advance, they still insist on getting into trouble with us."
Zhang Yida waved his hand, "Thinking about it from another angle, he might still think of us like this? Thinking that we are against him."
“In general, we have achieved the set goal. Now let’s focus on making money!
Make Bayer Animal Health a golden chicken that lays eggs, otherwise this $4 billion debt will be very hot!"
The debt Zhang Sanshi mentioned is financial leverage provided by several financial institutions such as Goldman Sachs and Morgan Stanley.
Among the three of them, Zhang Yida's Yanhuang Investment invested US$2 billion, while Gaoling and Blackshirt Capital each invested US$1 billion.
At this time, Shen Beipeng's anger was mostly gone, and he asked: "Should Bayer's animal health business participate in the merger at a valuation of US$8 billion?"
Zhang Sanshi knew what the other party was up to. He wanted to rope in the small shareholders of Pate Holdings, Ruipeng and other companies to offset the damage.
Once merged into the new company system based on a valuation of US$8 billion, everyone will pay for it together.
"Absolutely, this is the actual amount paid, the real deal."
"That's right, a real $8 billion."
Zhang Sanshi and Shen Beipeng sang and harmonized, setting the tone of the matter.
The two looked at Zhang Yida and wanted to ask his opinion.
Zhang Yida is happy, you have made the arrangements clearly, do you still need to ask me?
"I think 8 billion US dollars is too little. Why don't we acquire one or two profitable animal health companies and put them in to make up the whole deal?"
Shen Beipeng smiled, his heart was much darker than his own.
Zhang Sanshi shook his head, "Such a large-scale merger and acquisition cannot be hidden. Unless we keep it in our hands and operate it for a year or two before merging it."
Zhang Yida laughed and said, "I was just joking, don't take it seriously.
The growth of Bayer's businesses will not increase rapidly in a short period of time. We should acquire some pet hospitals as soon as possible, as the valuations are rising rapidly."
Zhang Sanshi agrees with this view. The domestic pet market is growing rapidly, which is really a golden mountain.
Just dig hard at this golden mountain and use less flashy means.
This is truly value investing, not speculation.
The next day, Zhang Yida signed the equity transfer agreement on behalf of the Chinese consortium and Bayer President Baumann and paid a deposit of US$500 million.
Next, the due diligence personnel hired by China will be stationed at Bayer to conduct a series of due diligence investigations.
After confirming that there is no problem, start the business delivery and pay the remaining balance in batches.
…
"Did you really buy it?"
After returning to China, Zhang Qinghua couldn't wait to call his son and inquire about the details of the acquisition of Bayer Animal Health.
He has gone abroad for inspections and has closely observed the other party's laboratories and scientific research systems. He is really convinced that the domestic industry is still far behind these large companies.
"I bought it for 8 billion US dollars. It will probably be by the end of the year when all the transactions are completed."
When Zhang Qinghua heard this number, although he felt it was huge, he also knew that it was no longer out of reach for his family.
"Then you have to run it well. This is a real industry. If one day the products launched by your Internet company become popular, these real industries will still be there.
Internet companies may be worthless if they go bankrupt, but physical properties can still sell factories and land..."
Zhang Yida smiled, his father's theory may make sense, but it's not entirely correct.
Although asset-heavy operations include land and factories, they generally also have high liabilities. If they really go bankrupt, they will have to pay a lot of debts, including all suppliers and banks.
Although Internet companies have few physical assets, they are also debt-free.
"Okay, I understand. I'm just telling you that Pate Holdings may merge with Bayer Animal Health and the pet hospital owned by Gaoling Capital.
Together we will create a giant in the pet industry with a valuation of over 100 billion yuan. Our family’s shares may be diluted a bit, but not too much.”
After speaking, Zhang Yida waited for his father's rebuttal or objection.
But to his surprise, his father was very supportive.
"Is this a good thing? Can the valuation reach 100 billion yuan?
These are the Zhengda and Xinwang Group in the pet industry, industry leaders."
Zhang Yida scratched his head and prepared a lot of arguments to convince his father, but none of them were used.
"Dad, how did you figure it out? I thought you would object." Zhang Yida was very curious, was dad stimulated by something?
Zhang Qinghua laughed and said, "I'm not an old-fashioned person. As long as the control is in my hands, there is no need to pursue absolute control.
When Pate Holdings has reached this size, it will not work to continue to be a family business."
Zhang Yida smiled and said yes, of course it would be best if dad doesn't mind this.
The company controlled by Pate is, in some respects, more important than Ruixiangdu.
Because this company embodies the efforts of his father and himself, Zhang Yida hopes that this company will go as far as possible.
The number of shares held is not the most important, as long as you can control the company, it is enough.
Except for the group of entrepreneurs who started their business with state capital in the 1980s and 1990s, after entering the new century, there are very few large companies with founders holding as much as 70% to 80% of the shares.
Times have changed, and there are few enterprises in the new century that do not rely on capital for promotion.
"I heard that your father-in-law has been promoted?"
Zhang Yida smiled and said, "You even know this?"
"Didn't the news in Hebei Province talk about it today? That Xiongan New Area."