subject: Suning Decided To Suspend The Acquisition Of Great China And The United States Are Higher? - Suning, [print this page] After lengthy falsehoods contacts, Suning and Dazhong Electronics eventually failed to come together. Suning Appliance today (Dec. 13) announcement that, because both sides have been unable to agree on the core provisions, the company decided to suspend the implementation of the acquisition. However, the press yesterday (Dec. 12), receiving information from informed sources, leading to suspension of Suning announced the acquisition of the behind the scenes "push hands" is country beauty out of the Bi Suning higher price.
Su Ning said in the announcement recently, medium and large companies and financial advisers and electrical matters in the negotiations on the acquisition, but the company took into account the cost of acquisition, acquisition risk factors, the two sides have been unable to reach agreement on key terms. Company has always stressed the strong, independent development of wholly owned stores in the chain development area as the main way the company. Therefore, the company decided to terminate the implementation of the acquisition.
After learning of the news, reporter first time call Sun Weimin, president of Suning Appliance. Sun Weimin told reporters that, in addition to notice content, Suning now is not convenient to say anything on the matter.
However, acquisition of Dazhong Electrical Appliance Suning stop news of a sudden it seems that even with large and medium electrical spokesman Luo seem unaware. She told reporters Shihai skeptical to that is listed Suning, Suning Appliance in the notice did not see a bad comment on the matter before.
Indeed true in that, after the news, Law even said that negotiation of the matter is a matter both large and medium and Suning, Dazhong Electronics but never formally announced any news of the negotiation. In fact, medium and large third-party finance company had indeed commissioned the contact with Suning, but the two never entered the formal negotiating process. Medium and large insist their own decisions, the principle of merit and cooperation Moreover, the company firmly in the Beijing market holds more than 50% market share, so the company and will continue to search for suitable partners.
Suning decided not to acquire Dazhong, and Gome may be good news. Gome president Chen Xiao yesterday (December 12, 2007) in an interview that the United States has been the country with large and medium exposure, and contact with the public is actually not the only country the United States, Suning. CHEN even suggested that the recent acquisition of medium and large things could be the result.
Told reporters, according to informed sources, it can not acquire Dazhong and Suning temporary retraction the medium and large. The so-called "core terms have never been able to agree on" the problem may be in the final analysis is the purchase price. Suning's rival to the US-sized countries more favorable terms with this, medium and large appliances will turn the U.S. into the country's "arms."
This year on April 9, Suning Appliance medium and large electrical items on the acquisition announcement that the company has commissioned a third-party financial advisers and the development of medium and large electrical appliances on the industry, to conduct cooperation and exchange of communication. This Hou Suning will be 3.0 billion acquisition of medium and large electrical appliances did not stop rumors that have been over.
