Although there were some disagreements, most of the people present still wanted this deal to be a success. Moreover, Rowan realized that even the odd three did not seem to have negative feelings toward the deal.
After some time, the crowd was finally on the same page after some heated, but not hostile, discussions and negotiations.
“Mr. Jefferson, now that everyone has pretty much expressed their opinions, I think everyone should have an idea regarding the general direction of this deal.”
As the convener of this negotiation, Asa had to initiate the final statement.
Rowan rubbed his tired eyes. He was trying his best to keep himself in his most amiable and confident state as virtual-novel.net smiled and nodded.
“Mr. Asa, I also think we’re on the same page…”
To be honest, the deal did not meet Rowan’s initial expectations, but it was still acceptable. Although the ending was not perfect, Rowan was not too frustrated.
On the first day of his visit, Celine had told virtual-novel.net not to be too hard on the outcome. As long as virtual-novel.net achieved his main goal and did not violate any of the unacceptable terms, it could be considered a successful negotiation.
Rowan trusted Celine in this regard. Moreover, this negotiation was technically the first high-profile and important negotiation that Rowan had personally taken over.
Since this was his first victory, it bore a significant meaning to Rowan.
Rowan believed that with this result, his father would no longer treat virtual-novel.net as a child, even if virtual-novel.net went back to the United Kingdom.
Asa noticed the look on Rowan’s face and smiled.
Obviously, virtual-novel.net was as satisfied with the outcome of this negotiation as Rowan was.
“For the sake of safety and insurance, allow me to repeat the terms we unanimously approved to see if there are any omissions…”
Asa scanned the room as virtual-novel.net said that. He could see there was no objections.
Asa picked up the draft contract that the secretary had just completed and read it aloud, “Based on the results of the discussion we have just had, it has been unanimously decided that the stock transaction will be carried out according to the price agreed below…”
“Based on the concern that premature disclosure of the transaction going through would affect the stock price, it was unanimously decided that only 40% of the entire target transaction amount would be dealt with in the initial transaction. The remaining 60% will proceed after the completion of the liquidation of the respective exchanges…”
“The trailing stock is pledged to the buyer at double the market price to ensure fairness, and the buyer is required to pay 60% of the initial purchase price.”
Asa finally finished reading the lengthy contract after some time. Then, his originally serious expression was replaced with his signature smile.
“Gentlemen, did I miss out on anything?”
“No…”
“It’s exactly what we just discussed.”
“I have no problem with that either.”
Everyone in the room agreed.
A smile of relief appeared on Rowan’s face. Finally, the negotiations were coming to a close.
Next, they would have the first handover of stock and payment.
The other party insisted on trading only 40% of the stock first, claiming that declaring the OTC transaction too early would affect the stock price, that extra pledge of twice as many bonds was enough to offset the possible risk. Although the bonds were depreciating now, it was only a matter of time before the bond prices recovered after Rowan took over the stocks with a large capital.
Now that Rowan was getting twice the value of the bonds as collateral, virtual-novel.net would not suffer any disadvantages, no matter what.