subject: Gome President Chen Xiao: Suning Acquisition Of Large And Medium During The Game Is [print this page] States United States President Chen Xiao said, as it involves huge amount and relationships
Home Appliances Chain industry consolidation, in the "bride price," the official introduction of the ownership of the outcome of arbitration, before any merger can not really taken off.
States U.S. single-store sales rose 0.76%, Chen Xiao said the big easy
"Su Ning, medium and large acquisitions during the year is difficult to have results." Gome in today's third quarter 2007 financial report shows the meeting, Chen Xiao, president of the United States and the country has the famous, "Su Ning, medium and large acquisitions during the year about" rumors of the case said.
Xiao-on-bit network (ChinaByte) said, Paradise is difficult this year, medium and large arbitration outcome, the acquisition of large and medium Suning more difficult to achieve. "Suning acquisition of large and medium hear a lot of rumors on the numbness, and rumors are rumors, time will tell."
In 2005, in order to resist "American and Soviet hegemony", medium and large with the signing of a strategic Paradise
Cooperation Agreement, plans to complete the merger within a year. To this end, Wing-lok, paid 150 million yuan to the medium and large "deposit contract." But in October 2006, Paradise was the country the United States "curve acquisition", Dazhong and Yongle this announcement
Electrical Termination, but the ownership of the deposit to become the focus of dispute and both sides have already applied for arbitration.
By convention, the general arbitration cases entering the judicial process, the outcome of the arbitration shall be issued within four months, but now, hearing the case has been more than a year.
This, CHEN Xiao believes that arbitration been delayed because of relationship to the "home appliance chain industry consolidation" and "involved a huge amount," but the formal introduction of the outcome of the arbitration, any consolidation can not really taken off.
Suning sized acquisition rumors first began last August, a time when the U.S. acquisition of the country's Paradise Electronics, headquartered in Shanghai soon. However, this rumor was immediately Suning and Dazhong both sides of the rumor.
This rumor in April this year the rise again, unlike last year, is that the "acquisition of evidence" appeared to be very detailed, medium and large appliances in Shanxi Province, Nanning, Chongqing and other places from Suning stores took over, the purchase price finalized 30 billion, "51" after the announced or even acquisition of large and medium sized copy of the contract Suning have been exposed. However, as the case of large and medium Paradise termination is not the final outcome of the arbitration decision in the end of April as scheduled, which makes Yongle and Dazhong, signed in April last year, strategic agreement is still valid, that is, at this time on M & A, in accordance with the terms of the contract, the U.S. State enjoy the large and medium priority negotiation rights, in particular, Suning CEO Sun Weimin, "Su Ning acquisition of large and medium non-timetable" position, so that large and medium sized acquisitions rumors Suning gradually silent.
, However, enter at the end of November, Suning acquisition rumors of another large and medium third hit. "Suning and Dazhong will buy the final details of the negotiations, no later than the end of the completion of this acquisition." Su Ning, director of the major areas have been back to headquarters, the internal communication of the acquisition of large and medium Suning about it, "this he sent a vote of the shareholders meeting next month. "" Suning's price will be even higher than the 3 billion. "
Suning CEO Sun Weimin though they come out to clarify that "everything must be discussed by the Board, shareholders and discussions to follow normal procedures, the current information is everyone's guess." However, Suning is a listed company, the information can not be free to disclosure, so Fang Jian Su Ning at the end on the acquisition of large and medium intensified rumors.
After all, the Beijing court has shown a home appliance chain Gome, Suning, Dazhong the three pillars of its China and the United States 54, sized 62, Suning 40. If the acquisition of large and medium Suning not that large and medium sized countries could fall into the arms of the United States, Suning to a passive state, it is rumored that Suning will take the acquisition of large and medium sized chess.
