Chapter 465 Nike: Adi is not good, it's great!
"Okay, I'll give you the latest information from Juke Wald. Now everyone goes to the restaurant to have a meal. After all, I can't let you hungry, right?" Felix Luca smiled.
Upon hearing this, the Adidas team members nodded in response and smiled.
Felix Luca is the most senior vice president of Adidas, and he pursues the law of wolf nature and high-pressure policies, which does put a lot of pressure on his team, but... with Luca, they make several times more money than before.
Money is extremely tempting!
They know one thing well that once they successfully acquire Under Armour Sports Goods Company or take a stake in Under Armour, they will be considered as achieving the established goal, and by then, they will receive generous bonuses.
"This trip will definitely be successful!"
"Yes, guys, don't forget our heads, but Felix Luca has super business negotiation skills!"
"In March 2000, when we followed Too to Italy and started the acquisition of Blood Clams (a sports product brand in Italy), Too took everything in just 5 days."
"Hahahaha, this time the bonus will not be small."
"Crow, don't be too careless. After all, our goal this time is, Juke Wald, the super rich man, has a lot of money!"
.........
During a while of chatting and laughing, Luca and his team had already arrived at the hotel's restaurant smoothly from the hotel's suite, guided by the waiter.
The arrival of more than a dozen people did not attract the attention of other customers in the restaurant. After all, most of the people who can stay and dine in the Baltimore Central Hotel are social elites, and they are used to the strong winds and waves.
However.......
Mark Parker, senior vice president of Nike headquarters, is also staying here for dining at the future of Nike Sports Kingdom.
What’s more coincidental is that the dining table next to Mark Parker’s dining table is Felix Luca.
Mark Parker: "…..."
Felix Luca: "..."
Both of them were stunned in a trance. This is such a coincidence.
For a moment, the dinner seemed so weird that both Nike and Adidas teams were a little silent.
Not only that, Parker and Luca had a head-on encounter before.
In 1998, Parker, on behalf of Nike's team, started a acquisition of Polish sports brand UTRW, but just as the contract was about to be reached, Luca personally led the Adidas team.
Insert a horizontal kick!
Luca's big deal directly destroyed Nike's acquisition case;
But Nike's Parker is not a vegetarian. In the end, neither Adidas nor Nike successfully acquired Utrw. Both parties ended in failure and were acquired by the third-party company Puma Sports Goods Company.
Since then, the two have become enemies.
...........
Hotel Suite-Nike Team.
"hateful!"
"I never expected that Luca, a damn guy, would come to Baltimore!"
"What is he here to do?"
"From my knowledge of Adidas and Luca himself, they came 100% for Under Armour!"
Mark Parker was extremely angry, and his face was shady. If his student Smith Joe had not been in front of him and had to worry about his image, his anger would have exploded long ago.
Smith Joe's face was not good either: "Teacher, I think you're right. Adidas came for Under Armour and Juke Wald, either to acquire or to participate in a stake. Of course, the ultimate goal is to cause trouble for us Nike!"
Nike and Adidas are both sports brand giants. Even if they own tens of thousands of sports goods companies around the world, nothing counts between them.
Even Puma, the sports kingdom, cannot be compared with the two of them!
Nike and Adidas have a long history of grudges;
Well, Pepsi and Coca-Cola, too.
"No! I can't let Under Armour fall into Adidas' arms smoothly."
After a brief silence, Parker made a decision: "Smith, you can arrange a remote video call immediately. I want to talk to the chairman and Mr. Litto, and we must join the acquisition of Under Armour."
"yes!"
Smith Joe nodded immediately as if he was pounding garlic.
Not long after, the remote video call is turned on.
Nike shareholders and company top management, one by one, appeared in the computer screen.
Executive President Litto: "Parker, we will consider your suggestions as soon as possible and give you the results within three days."
This sentence has been approved by many shareholders and shareholder representatives.
When acquiring, at least you need to have a deeper understanding of Under Armour, otherwise how to acquire it?
Marion, one of the shareholder representatives, echoed: "Mr. Litto is right, we will consider it as soon as possible. However, Parker, you can't be idle either. You can participate first and add some confusion to Adidas."
“Hahaha~”
Upon hearing this, Mark Parker laughed and said, "Don't worry, everyone. I dare not say anything else, I'm very good at making trouble for Adidas. I have long wanted to settle the score with him. No matter what I say this time, I can't make him proud!"
.........
Hotel Suite – Adidas Team.
"This pool of water is about to be muddled. I am 100% sure that Nike's team will join Under Armour's acquisition!"
Senior Vice President Luca's face was extremely ugly at this moment, but at the same time full of determination.
The other members of Adidas present also nodded together.
It can be predicted that this acquisition or investment action will not go so smoothly.
.........
The next day.
In the morning, the Adidas team, who came from Germany, sent a notice letter to Under Armour;
In the afternoon, Felix Luca led the team to Under Armour.
Luca: "Mr. Planck, my purpose of coming this time is very clear. It is to start a acquisition case for your company Under Armour Sports Products Company on behalf of Adidas Group. You don't have to worry. The purchase price we gave is US$140 million, which is far exceeding the market price of US$40 million."
Kevin Planck admitted that he was moved, but he shook his head very firmly: "Mr. Luca, thank the Adidas Group for its importance to us Under Armour, but I will not agree. Believe me, even my boss, Mr. Juke Wald, he will not agree."
If Zucker had not arrived in Baltimore, Planck said he would sell his Under Armour shares to Adidas.
But what did Zucker say?
I'm going to acquire an NBA team!
He was very clear that Zhuke would start the pan-sports plan, which is definitely a big project, and Under Armour's future is already extremely dazzling. Why should he accept the acquisition and destroy the Great Wall?
Luca was not annoyed, where can the acquisition be achieved overnight?
However, he was a little anxious! Once Nike made a thrust, the price they had to pay would be higher.
"Mr. Planck, I want to meet Mr. Wald. I wonder if you are willing to arrange it?" Luca said suddenly.
Kevin Planck smiled and agreed directly.
$140 million?
He believed that Zucker would not take the money too seriously.
Luca also knew very well about this. However, he certainly had his own words and had certain confidence. After all, his established goal was not to acquire Under Armour, and it was OK to invest.
Chapter completed!