Feng Yu nodded to Ke Cilei, and Ke Cilei said. "Langdu, we will not look at these documents. We already have a target to acquire. If you agree, we will talk."
What Ke Cilei meant was if Feng Yu does not agree, there is no need to talk.
Langdu felt extremely aggrieved, but the situation was not in his favor. He could only nod and say, "Please speak."
"You all have 7 R&D centers around the world. We are interested in the US, UK, Hua Xia, Germany, Spain, and Singapore."
Langdu clenched his fist. Other than the one in France, you all want all of our R&D centers?!
For a consumer electronics company, R&D centers are very important. The R&D funds account for more than 15% of the company's annual revenue, and sometimes more.
Feng Yu and Ke Cilei were too ruthless. They could only maintain their position in the industry if they were ahead in terms of technology.
"Also, you all have almost 40 industrial parks around the world. We are not interested in the US, UK, and France's. We can talk to the rest."
The US, UK, and France's Thomson industrial parks had suffered the most losses. Philips and Taihua Holdings are not interested in these industrial parks and want to acquire the rest of the industrial parks. What about the rest of the industrial parks?
Rondo could feel his anger rising. Did these two really think that no one wanted Thomson? We can't work with the Japanese companies, but Nishikomori and Motorola are interested in us!
"You all have a lot of valuable brands, but we do not want to acquire them. These are the roots of Thomson, and we will keep them for you."
"Broadcasting, movies, and TV equipment are related to Feng's industries, and he is very interested in them. Also, your film and TV post-production, CD production, etc. can be sold together. "
"Your patents in electronics, electrical appliances, communication, internet, optical, control, etc. are not bad. You all will not agree to sell all of them to us, but it should not be a problem to give us the authorization for some of them, right?"
After both parties broke off their cooperation, Thomson's patents are no longer authorized to Taihua Holdings and Philips. Of course, Thomson also cannot get the authorization from these two companies.
"You all have branches in many countries and regions, and we had suffered some losses this time. You are the one who suffered the most losses in North America, and Feng is interested in buying it. Your losses in Europe are also very serious, right? We, Philips, are very interested and can accept some non-performing debts. "
"Oh, it will be better if you can sell off your shares in Hua Xia's joint venture company. Feng can introduce you to a buyer for Hua Xia. This way, you can get more money to save the company."
"Yes. That's all I can think of. Feng, do you have anything else to add?" Ke Cilei asked.
Feng Yu shook his head. "You're right. We'll talk about the price later."
Londo gritted his teeth so hard that they were about to shatter. These two were dividing up Thomson's assets right in front of him, and they didn't even ask for his opinion. Outrageous!
"Feng, Ke Cilei, I think you all are mistaken. We are talking to some of our creditors about a debt-for-equity swap that would offset close to half of our debt. We only need to take on a few billion Euros of debt. Do you all think a few billion Euros will drag us down? "
Ke Cilei's eyes flashed behind his glasses. "The world's No. 4 consumer electronics company is going to apply for bankruptcy protection because of a few billion Euros of debt? This is unheard of."
"I remember your share prices were more than 100 Euros at the peak. But now, your share prices are only slightly more than 1 Euro, and it is because of the suspension of trading. If not, it will fall below 1 Euro, and you might be forced to delist."
"Although not all your assets will be listed, this also proves that the investors are not optimistic about Thomson. You all said you all still have cash in your accounts, and you all can continue to operate. But you all must make some profits, or you will only suffer more losses. Am I right? "
"You all had suffered a huge impact in this economic crisis. Most of the world's consumer electronics manufacturers' sales had dropped in the second half of last year, and it is the same this year. Many of them had suffered losses. But Philips and Feng Electronics are one of the few companies that can continue to increase their sales and profits. You all had suffered the most losses."
"Think about those companies that went bankrupt. They did not pay attention to their losses when they were a few billion USD or a few billion Euros. But the next quarter, their losses increased to more than 10 billion USD and doubled. Within a year, they went bankrupt."
"For example, the US General Motors, which was once one of the world's top 500 companies, is planning to apply for bankruptcy protection. Also, one of the top three US automobile groups, Ford Motor, had sold some of its businesses to Feng Yu's Hua Xia Group. Now, they had passed the financial crisis and should be able to make profits next year. "
"Thomson is France's most famous consumer electronics brand, and it owns a lot of state-owned shares. But the French state does not have the funds to invest. They are investing in postal services, telecommunications, etc., as they feel these are more important. The other buyers you all are looking for, which one of them can come up with so much cash? It will take a long time for them to negotiate with you all and carry out a detailed evaluation. By the time you all close the deal, it will be the end of the year. Will the assets you all sold be enough to cover your shortfall? Will it be enough for you all to make a comeback? "
"We are different. Everyone knows each other well, and we can make some concessions and even take on some debts to complete the acquisition of your assets as soon as possible. If the French government approves the acquisition quickly, you all might get a large sum of money in less than two months. "
"Don't forget that you all had violated the debt contract. This time, you all can't even issue shares, and no one will be willing to buy the bonds you all issue. Also, the other companies can't offer us what we are offering. What do you think? When should we discuss the price? "
Ke Cilei had a glib tongue. He exposed all the information that the Thomson Group desperately wanted to cover up and directly put the matter on the table to discuss.
Feng Yu had stated the pros and cons, and Thomson Group has no other choice.
In his previous life, the Thomson Group had never been able to recover its former glory because of this incident. Now, Feng Yu and the rest are offering Thomson another option to see if they are willing to accept it.
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