Chapter 1318

Guarantee stable development within 50 years?

Ruiz clicked his tongue secretly. He didn't know what Yang Cheng was based on, but he knew that Yang Cheng would not joke about this kind of thing. Since Westinghouse Electric has such great significance, it must be paid 200% attention strength, never to be lost.

After warning himself in his heart, Yang Cheng said again, "Tell me about your initial plan, about the acquisition of Westinghouse."

Ruiz withdrew his thoughts, and after thinking for a while, he replied, "There are only a few types of acquisition methods. The key still depends on what you think, boss. Are you planning to go through a merger? Or a wholly-owned acquisition? If it is the latter, we must ask For bank loans, we don't have that much money in our own books.

It is conservatively estimated that Westinghouse Electric also has a market value of US$3.8-4 billion. If Dongzhi Group wants to sell, it must raise the price. Based on a 20% premium, US$4.6-5 billion is an ideal price range. "

Yang Cheng nodded to express his understanding, "How much money can we squeeze out? Don't worry about cash flow, all active funds will be drawn out."

Ruiz faltered and said with a wry smile, "Boss, you have made a big acquisition recently. Except for the 100 million US dollars in cash on the company's books as a guarantee, there is no more money left."

Yang Cheng stared, just about to call out my money? After thinking about it, the money used recently is indeed a lot. Fortunately, the dragonstone jadeite necklace came from the account of New Era Media, otherwise Ruiz's answer might not even be 100 million.

She squeezed her nose to hide her embarrassment, "Okay, then you mean the whole loan?"

Ruiz shook his head slightly, "I'm not in favor of any acquisition method. If you ask him considering the financial pressure, we can even use part of the equity and add long-term debt financing to pay, without paying a penny in cash."

Yang Cheng became a little interested, "For example, let's buy it at a valuation of 5 billion."

Ruiz calculated in his mind, "The 5 billion is divided into two parts, of which 1 billion or 1.5 billion will be paid with the equivalent equity of New Era Media, and the rest will be paid with long-term debt financing as I just said. Update the fastest Qiqi novels Update the fastest Qiqi novels

The advantage of this is that the equity acquisition makes the interests of Westinghouse Electric and our acquirer more closely bound, sharing future business risks;

For us, long-term debt financing will face much less pressure on cash flow, so we will have more time to manage this asset and realize asset appreciation in the future.

After all, compared to Dongzhi’s acquisition at a price of more than 5 billion US dollars, Westinghouse Electric is currently at a low price, which proves that Westinghouse still has room for growth in the future.

The most important thing is that Westinghouse's return to the United States is of great significance to Bai Gong. As long as we make good use of this, like Bai Gong's application for policy tilts, it will not take too long to reverse the loss-making situation. Don't forget, the US nuclear power industry is now China's consumption still occupies the largest share in the world, and it is the country with the largest nuclear power consumption in the world.

In this largest market, Westinghouse Electric is still and must be a major market player.

However, whether we can finally lead Westinghouse Electric out of the quagmire of bankruptcy and achieve its former glory depends on our hard power in post-acquisition management. An excellent CEO is essential. "

Through Ruiz's analysis, Yang Cheng felt a sense of enlightenment in front of him. Originally, he thought it would be very difficult to acquire Westinghouse, but when Ruiz said this, it seemed that the only obstacle he faced was that the little RB couldn't nod. On this issue, it was precisely what he was least concerned about, or what he was most sure of solving.

Koji Ito's line has not been broken, and it is still useful. Fortunately, I didn't reject Ito Xiaobenzi's kindness because of prejudice at the beginning, otherwise it would be really easy to be blinded now.

By the way, which family's property is Dongzhi? It seems to belong to the Mitsui family.

"You said earlier that you had hedged investments against Westinghouse Electric. Are there any potential targets now?"

Ryze shook his head,

"It has to be determined after research, after all, I didn't know much about the energy industry before."

Yang Cheng nodded, "oK, then go and study it, and come up with a complete investment report as soon as possible."

"Understood, submit it before the regular meeting next Monday at the latest."

"Well, go ahead, I'm sorry to call you back to the company so late."

"This is my duty boss~"

Watching Ruiz leave the office, Yang Cheng simply tidied up and was ready to leave.

On the way home, I tried to call Ito Koji to find out what he said.

Not long after the phone rang, the phone was connected, and a fake smile appeared on Yang Cheng's face, "Brother Ito, there is no good thing to disturb you, right?"

Hiroshi Ito understood, "Of course not, it's morning in Tokyo."

Yang Cheng was taken aback, "You went back to RB? I thought you were in the United States, and I was going to ask you out to play."

Ito couldn't understand Yang Cheng's sudden 'kindness', so he could only regret, "Next time, Brother Yang, you also know that I have taken over part of the business of the family company, and I am very busy."

After a pause, "Brother Yang, is there something wrong? Just say something, the relationship between you and me doesn't need to be polite."

Sure enough, a sensible RB person, since this is the case, Yang Cheng is not polite, and said directly, "That's right, I heard that the recent situation of Dongzhi Group is not very good?"

Ito smiled wryly, "Using the proverb of your country Z people, it's true that good things don't go out and bad things spread for thousands of miles. Is what happened in Dongzhi known all over the world?"

Hearing the sadness in the other party's tone, Yang Cheng didn't know what to say for a while, so she casually asked, "Your family also has shares in Dongzhi?"

Ito hummed, "You know, RB's companies are all cross-shareholdings, and all families participate, but not much, and it doesn't have any impact.

But brother Yang is so concerned about Dongzhi's situation, do you intend to take over? If that's the case, I'd be happy to be an intermediary. "

Yang Cheng quickly denied it, what are you kidding, Dongzhi is now a huge pit, and no amount of money is enough to fill it, knowing that it is a pit that must die, why are you so stupid to jump into it? crazy~

"No, my family is too weak to save such a great company as Dongzhi."

This is purely nonsense, so Ito Koji just said that, didn't take it to heart, and said instead, "Why is that?"

Yang Cheng said bluntly, "Although it can't directly help the Dongzhi Group come back to life, it's still possible to help slow down the speed of death."

Koji Ito is so smart, "So brother Yang is optimistic about the company under Dongzhi?"

"Bingo, Brother Ito is really a god~"

Bah, bah, bah, you can say such disgusting words, what a fool.

Uh~ The other party is also a devil. Thinking about it this way, it is not a big problem to be fooled. Anyway, devil and ghost are only one word away, and there is no difference.

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