Dazhong say: beauty is the kind of large and medium sold to the country safe way
As the home appliance industry in 2007 trading volume and influence of the most important event since the country after the U.S. acquisition of large and medium, on the acquisition of all parties involved in the endless comments on the matter. "China's bid for the U.S. in the medium and large win are many reasons, including both the final bid, and to judge the future development of both trading and funds provided by the payment of the balance." A person close to both sides said.
Suning intervention late in the States United States
2007 12 13, had been optimistic the parties will have to buy Dazhong's Suning Appliance (002024) termination of a sudden announcement that the implementation of medium and large electrical appliances acquisition, followed by the December 16, Gome ( HK0493) Lightning announced the formal acquisition of third-party managed way Dazhong Electronics. On the surface, it seems the country is too sudden acquisition of beauty, in fact the country with the United States has been maintaining close contact with large and medium, Suning intervention took place much later in the States United States.
Country from the United States in July 2006 acquisition of Yongle, the succession of Paradise after the purchase agreement with the large and medium, it can be said that Gome has the right to purchase large and medium priority. States United States and large and medium enterprises are starting from Beijing, although the two sides gradually in the subsequent development of distanced, but the two sides in terms of personnel exchanges, or in view of the Beijing market has a lot on the line between, The two sides in fact the most senior management has maintained smooth communication channels.
2006 Da in the enterprise intends to sell the intention is issued, although there are many large and medium sized enterprises to enhance contact with, but due to the acquisition of China Paradise Electronics America final, so eventually the United States remains the country with large and medium signed by Wing-lok agreement with the large and medium maintained the closest contacts. "The acquisition of large and medium with the most explicit intention of actually beginning only country the U.S. one, the national large and medium contacts with the specifications of the United States began to more and more, both sides have even begun testing on a specific price, but to the beginning of 2007, Suning also became involved in this takeover talks, with the Da-Zhong Zhang Jindong, contact person, Su Ning also began to understand the medium and large electrical appliances through various channels, an official involved in the negotiation of the medium and large acquisitions. " Be informed sources, from the April 2007 after formally participate in Suning, Dazhong bid on throughout the country only two U.S. Suning, Best Buy had the famous although there were early contacts with the large and medium, but from beginning to end not not touch the real substantive content acquisition.
Chen Xiao, Gome
also at the news conference given proof. Earlier in the States United States to the large and medium sized acquisitions news conference, Chen Xiao said, back in 2006, Wing-lok, signed a merger agreement with the medium and large, the countries with large and medium between the United States has always maintained good contacts, in fact, for the acquisition both sides are ripe.
Said Chen Xiao, Gome's acquisition dates back to the earliest of the large and medium should be between the Yongle and Dazhong a strategic cooperation agreement, the acquisition is the cooperation of a "wrap for." He said that interest in large and medium enterprise appliance that actually there are many, many large and medium enterprises and commercial negotiations for a similar, but countries with large and medium of contact between the United States has never stopped.
"Gome, Suning involved in acquisition of large and medium spoiler"
According to the sources, the United States from the initial state to the subsequent acquisition of a participation intervention began Suning, Dazhong began the sale of road full of twists and turns.
2006 4 21, then China Paradise in the notice referred to in the same medium and large hosting and co-signed an exclusive agreement. Then, in July 2006, Wing-lok, the United States announced the formal merger with the country, receiving the assets and stores, while Yongle, Dazhong Paradise with the merger agreement signed by countries the United States at the same time receiving list. In accordance with the agreement, medium and large companies, and Paradise will be completed within the next year, the final merger of the States United States, Yongle, Dazhong three final merger date should be in April 2007.
Subsequently, medium and large side, said Wing-lok, the United States combined with the country, its shareholding structure has been changed, so "there is no need for large and medium must comply with the contract at the time."
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