Griffiths still had some experience after all, and his initial offer was quickly rebuffed.
The other party said that Griffith and Monsanto would cooperate on the sale of Roundup, but Monsanto was not interested in the deal proposed by Dakota Pasta Growers.
"Not interested" Griffith doesn't believe these nonsense, now the chemical industry as a whole is sluggish, although Monsanto has Roundup in hand, a popular product, but it is not enough to support the existing business scale.
Otherwise, Monsanto would not have been eager to enter the seed industry.
Although Karim and Seryosha did not make a direct move, they have been keeping an eye on the deal.
Because so far, Seryosha has no experience in running an industrial enterprise of Monsanto's size.
The company was founded in 1901, 20 years before the Soviet Union was founded, and although it has never been listed, it is one of the top 10 chemical companies in the United States and has a wide range of customers around the world.
Seryosha has always operated mainly in the fields of finance, real estate, agriculture and entertainment.
Although A-Communications is a technology company, it is far inferior to Monsanto in terms of scale and number of employees.
Therefore, this acquisition can be regarded as a completely new challenge that Seryosha has never faced in his life.
Seryosha was well aware that he was powerless to change the tragic fate of the collapse of the Soviet Union, which had left the most industrial enterprises like Monsanto.
If he wants to have better development in the future, then Seryosha will sooner or later face the test of acquiring industrial enterprises.
Therefore, Monsanto can be regarded as Seryosha's first test product.
Griffith quickly told Kalim the news of the refusal, and Karim, with Seryosha's consent, authorized Griffith to pay a higher price, and Monsanto's overall valuation would reach $7 billion, which is already a sky-high price in the current era.
At the same time, in order to make the acquisition more certain, Griffith also approached Morgan Stanley, Monsanto's financial advisory firm, to negotiate the deal.
So a week later, Griffith's three companies, Dakota Pasta Growers, Morgan Stanley, and Monsanto, began a new round of negotiations.
In order to show his sincerity, Seryosha made it clear that the deal would be paid entirely in cash, which greatly increased the attractiveness of the other party.
But negotiation is like this, the more you follow the other party, the higher the other party's psychological expectations will be.
In the face of Griffith's fair price, Monsanto's CEO has remained silent.
Griffith knows very well that although the CEO is the leader of the company, he is also a part-time worker, and the shareholders are the owners of the company.
This price must be approved by the board of directors before it can be negotiated.
"Otherwise, Mr.
Griffiths, we still need to think about your price, and you know that we have a lot of promising projects that are progressing smoothly, such as our molecular biology laboratory, which has just made significant progress in the genetic engineering project, which is a revolutionary technology that has the potential to disrupt the entire seed industry, but I agree that you will conduct due diligence on us in advance, and we will open up some necessary information to you," Monsanto's CEO replied in a calm tone.
Hearing this, Griffith finally had a reassurance, it seems that this price really moved the other party, after all, having seven billion dollars in cash at once is definitely a good deal, and most people will be satisfied with this price.
It was precisely because of the other party's motivation that they accepted the acquisition of Dakota Pasta Growers, because the other party's intention was very clear, you can now inspect the goods first.
"I'm sorry, gentlemen, can I interject," said Morgan Stanley's representative suddenly.
Monsanto's CEO and Griffith both looked at him and didn't understand what he was going to do, so they just listened to the representative of Morgan Stanley and said unhurriedly: "I have a report on the prospects of the seed industry here, according to our estimates, the profit of the entire seed industry is about more than 10 billion dollars, and the data in 2016 is 37 billion US dollars, and we Morgan Stanley don't think that Monsanto's molecular biology laboratory can bring much profit to the entire company, We are more optimistic about your company's development in the biomedical industry, and Monsanto's chemical business has been on a downward trend for several years, and I hope that your company will take these analyses into account and make a decision that is beneficial to investors."
Griffiths understood that Morgan Stanley's representatives were trying to persuade Monsanto to accept the deal.
This was actually secretly doing Griffith a favor, and Griffith gave the guy a grateful look.
In fact, the other party's overtures are also purposeful, and they hope to be able to finance a costly transaction.
In the end, there was some progress in the negotiations, and while Monsanto was still hesitating, Griffith and Seryosha behind him were not idle at all, and Griffith's investigation team soon came to Monsanto to investigate the financial status of the acquisition target.
Seryosha, on the other hand, is raising legal funds for the acquisition.
At the beginning of the year, Eva bought an office software company called Lotus Software.
As soon as it was launched, 123 was sought after by the market and became a dark horse this year.
Originally, Seryosha wanted to introduce some of the company's technology to the Soviet Union to improve the office automation of the National Housing Bank, but from Seryosha's point of view, the current level of OT123 is still far behind.
Now Seryosha is a little disdainful of this company, and it happens that the acquisition of Monsanto is now, and Lotus Software is in the limelight, so Seryosha thinks that selling this company at this time is a wise choice.
Soon after the 123 went public, Microsoft took a keen interest in the company, but Eva's attitude was always rejected.
"Eva, let's talk to the people at Microsoft, I don't think it's useful for Lotus to stay with us," said Seryosha, who had come to Vancouver to meet him.
"But this company is a star company now, and the profitability is good," Eva asked, puzzled.
"I'm more interested in Monsanto now, and the limitations of office software are too great, and sooner or later Microsoft will enter this field, so it's better to buy them for some cash and shares," Seryosha explained to Eva.
"Okay, I'll get in touch with them, what is the price you have in mind," Eva said obediently. "$5 billion" t1706231537: