Appliance store wine country change United States wants to take-all large and me
Wing-lok, the United States are to suspend the country will be published "sensitive information" may be convertible merger, but sources said last night that they have "two sides that collapsed"
Following the morning of China Paradise (0503HK) suspension that are related to price-sensitive information released, yesterday Gome (0493HK) also announced the suspension of Hong Kong and the announcement that its possible to acquire China Paradise put forward proposals, and "may cause merger. " Contact had Yongle interested in acquiring the news medium and large electrical appliances, GOME possible "takes all" Yongle and Dazhong. Know
Intelligence sources, specific information will be released in recent days. However, there are signs that merger negotiations are not successful, last night, a source said "negotiations have been broken."
Wing-lok, Gome, Dazhong leader Chen Xiao, Huang Guangyu, Da (from left to right) If you choose to co-operation will change the pattern of home appliance stores.
Takes all Yongle China and the United States desire to kill two birds with one stone
Trading on both the specific and final holding ratio, notice is not mentioned. People from the country within the U.S. sources said the United States and China Paradise will be "1-for-3" means a partial stake in the exchange. Before the suspension, Gome's share price was 6.35 yuan, Yongle's share price is 2.05 yuan, therefore, the country will be 1:3 ratio to the U.S. stock exchange for shares in Paradise, the two companies have agreed to all share transactions.
For this argument, States United States yesterday, a spokesman told reporters that the Group default, he also said that the country offer the United States agreed with the Yongle period of 3 months, both sides agreed, will be in 3 months on the formation of the acquisition consensus, if not a deal within 3 months, then offer automatic discharge.
Informed sources, the country with Yongle by the United States in the equity conversion, will be a certain amount of cash paid to Paradise, Paradise will be the way of cash to complete the acquisition of Dazhong, Gome, Yongle through the control of the control while Dazhong Electrical Appliances.
The Gome say, in fact, States United States the stock exchange with the Wing-lok, another aim is to Dazhong Electric Appliance Holdings.
Previously, Wing-lok, with large and medium although the merger in April of this year, but the two sides has been in a truly free state co-operation, announced the acquisition of large and medium in after the evaporation of most of the market value of Yongle. Then began to news that the U.S. will acquire large and medium state, but for the Yongle and Dazhong, if the two sides to lift the contract, to break off the party to pay a few hundred million dollars of liquidated damages. Suppose the above statement on the operation of the establishment of the tripartite capital, then, can solve all the problems mentioned above.
Sensitive time news that "negotiations broke down"
Yesterday, Chen Xiao, president Paradise's contact, his cell phone began to always be in no state to answer, then you are turned off.
Paradise spokesman Huang Jianping then told reporters, "do not know this, do not know the specific situation." The reporter wanted to meet Chen Xiao interview requests, Huang Jianping, said, "sensitive time" Jensen will not accept the media.
Gome brand management director, Yang Qing, spokesman, also said everything Notice shall prevail, that he disclose the specific circumstances.
Wing-lok said Deputy beam as yesterday, as she just returned from abroad to come back, are not yet known, Chen Xiao also did not mention this to her. However, she said, "States United States news release notice, which was unilateral, the results probably need two or three days, now and in the country do not do not set the United States."
Had previously announced that "acquisition of Dazhong Paradise" is still in stalemate, the delicate relationship between the two sides.
"Dazhong Electric and the merger may not directly related to the incident."
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