Sized M & A puzzle: is also the enemy of Suning's friends - Dazhong Electric Appliance, Suning, Gome - HC network appliance industry-hc360

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Dazhong and Yongle of the deposit pending arbitration cases, but the parties often large and medium began to burst with Suning acquisition rumors. The two sides on the one hand waiting for the outcome of arbitration, on the one hand began to touch and explore each other ... ...

belly dance scarf

4 rumors started to keep a trace of Suning medium and large mergers and acquisitions occur connecting. Recently, the reporter from the large and medium womens wool coat

Electrical

We got the exact message insiders said Su Ning of the medium and large electrical assets and profitability of the entity's accounting has been accomplished, the two sides will formally contact the substance into the acquisition phase. The source also said that as previously sized with 150 million yuan deposit after termination Paradise deduction is also among the issues still under arbitration, but will not prevent the two sides engage in substantive negotiations on the merger issue.



Prior to this, for all the trade rumors, the parties remained silent Fang Suning and Dazhong, are not publicly disclosed insider-related mergers and acquisitions. For a time, four of speculation surrounding the merger. Today, Suning still cautious on the merger news. The reporter called the Department of Suning Appliance brand, the other party did not stand on acquisitions.



Pending battle

M & A speculation

planes can be traced back early in December last year

States United States

Acquisition time of Yongle. Dazhong and Yongle as a strategy in the previous

Cooperation

Relations, Yongle to pay a sum of money as a medium and large margin, and promised to lift themselves and Dazhong Should the agreement, the other party is entitled to bond forfeiture; the country after the U.S. acquisition of Yongle, the two sides hold different views on the bond issue, resulting in the acquisition plan for the time being stranded.



The two sides set a "gentleman's agreement" not think of a future Dazhong and Suning the biggest obstacle to their fates got tied. Country after the U.S. acquisition of Yongle, "gentlemen's agreement" broken, medium and large to the China International Trade Promotion Committee arbitration application to Paradise

Home Appliances

Responsibility on the breach of contract, and confiscation of Paradise before the deposit paid 150 million yuan.



Arbitration process is tortuous. According to the China International Trade Promotion Committee placed on file the Director Chen said that the Long March is the first step for arbitration, there are many formalities to go back.



And meaning is that even if the arbitration pending, but the large and medium sized parties began to burst with Suning frequent takeover rumors. The two sides on the one hand waiting for the arbitration result, they began to touch and explore each other. Busybody brings a burst with large and medium sized purchase price of Suning 30 billion, but the two sides agreed were immediately denied, and no real contact with the so-called. Dazhong Electronics

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Propaganda Department of the Director of Law even said: "If the withdrawal of large and medium stores in Chongqing and other places can only be said to quit to take over the problem does not exist Suning." He also said that medium and large style of doing things has been moving steadily, but at present, in Tianjin , Shijiazhuang, Inner Mongolia has its outlets, medium and large has been to Beijing for the base, home appliance chain in Beijing occupy 50% of the share.



Recently, in 2007

Electronics China

Markets will be the scene, reporters confusing merger, interviewed guests, the State Council Development Research Center Deputy Director Lu Renbo market. Lu Renbo said that negotiations can ultimately, with the expectation of the price difference between the two sides and the current maturity of the acquisition conditions.



Lu Renbo that he himself expressed doubts about the price of 3.0 billion. The current supply chain Suning strong support, the cost of opening new branches is not high, so the prices are still a bit too high. "Even if Suning acquisition pattern of large and medium on the current market do not have much impact. Will not have the status of the country the United States its impact on the market. For it is clear a rival Suning to eliminate barriers to it."



Guard against opportunism

Buyer



The end of the country under the command of U.S. success will lead to Paradise, the industry once rumored to be with the large and medium Suning may cooperate to resist the duopoly rival China Times U.S. offensive in size. In response, the U.S. appears to have been to stay out of the country avoiding media-related issues, saying "a position to comment", but one pair of countries the United States and

Huang Guangyu

I am very familiar with Mr. Zhu, said Huang good surprise, Suning and Dazhong in before the completion of the acquisition, Gome not rule out further acquisition of large and medium.