Blackstone Code Chapter 902: No choice


"We meet again, Mr. President."

"Yes, Mr. Lynch, we meet again."

At this moment, the CEO couldn't see his violent appearance in front of his hands when he sat on the sofa with his legs together. He was like a lamb waiting for a stab of fate. Over there.

He couldn't resist, he could only bear it.

It's true that he didn't retreat from the moment the two companies announced they were buying Momento.

He once thought of using some of the power of the Marillo Warlord brother to solve these problems, such as creating some attacks, attacking the person who presided over the acquisition or something.

But soon his idea was abandoned by himself. He knew very well that the Federation had always been very cautious in dealing with this kind of thing, and if he was not careful, he would face a major purge.

Under the circumstance that the banks are unwilling to help him, the only one who can save him now seems to be the "Mr. Lynch" in front of him, and he has no other choice.

"Last time our conversation didn't make me feel happy, did you bring me good news this time?" Lynch's attitude rarely pressed his younger brother step by step. Mr. President.

This is a strategy.

The influence of the warlord background behind every moment has a deep influence on every moment. In recent years, the endless scuffles in Marillo have made Marino and Marori believe that strength is the foundation of everything. .

Of course, this is indeed a fact. Whoever is stronger can live a stable life and develop.

Whoever is weak may be overturned in a few days and die tragically on the street.

They worship the strong and abuse the weak, which has become a habit in their bones, a life behavior.

When wearing it, the Mallory massacred the Mallory for no reason, just because of hatred between each other, in other words, the Mallory actually did this, and did it more than once .

This makes the two sides form a deadly feud. Whoever is stronger can take it all!

When dealing with these people, showing modesty will only be looked down upon by them. Only by showing toughness will they temporarily put away their minions-

Lynch can fully imagine that when he gets out of his current predicament every moment, the first thing he will do is to find a way to kick himself off the board of directors. , and even took away the stock in his own hands.

His toughness can make the other party more honest for a while, but with this period of time, many things can be arranged calmly.

The corners of the CEO's mouth twitched all the time, as if trying to squeeze out some smiles, but failed.

"That is indeed a very unacceptable number, Mr. Lynch, I can't make up my mind..."

Lynch interrupted him, "Then find someone who can call the shots and talk to me."

"You can't be the master, what are you talking about with me now?"

"A joke?"

The unceremonious counterattack made the president's hands on his knees clenched into fists at every moment, and soon released them again.

There is only one chance. If this chance is lost, he will lose everything.

"After you left that day, I discussed it with my brother, and he said that if it's around 15 percent, there's no problem at all."

He moved his older brother out, even though he didn't really want to do it deep down, his older brother was very useful when dealing with some small people, and not so good when dealing with some big people.

He can only hope that Lynch is still young and somewhat in awe of the world. What if he succeeds?

Lynch sneered, "Your brother won't be the master soon."

"You can come here, it means that someone has reminded you a little about the details of the takeover war. Once the takeover war is launched, it will definitely be cleared."

“Now that you can’t take the money, whoever those minority shareholders represent, they have to make a choice,”

"Bid Choices!"

It is really not an easy thing to launch a hostile takeover in the Federation. It is not the result of negotiation between the two parties, and it is not a completely natural market behavior.

Such hostile takeovers often lead to a series of financial problems, so with the impetus of the FSC and Congress, a series of bills came into being.

Once the party launching the takeover holds more than one share of the stock, they have the power to request a suspension of the listing.

The statement of the FSC is that this can protect the rights and interests of ordinary shareholders, so that they will not be fragmented in the collision between the two giants.

Subsequently, it was also stipulated that asset reorganization and privatization must be carried out after the acquisition, and everything can be suspended before re-listing.

Most of the time, the party who launches this hostile takeover has a sufficient budget in terms of funding, and they also have the backing of the bank.

They can mortgage their stocks to the bank at the closing price of the stock market, and borrow money from the bank to continue the acquisition.

As long as the budget is done well, companies with a market value of five or six billion may be leveraged with one or two billion

Of course, this is a normal development process. Another possibility is that the hostile takeover fails. The shares held by the malicious party holding shares do not count for voting rights, and the holders are not allowed to enter the board of directors.

The takeover craze ends, stocks are relisted, the craze cools, and the hostile takeover loses a lot of money and leaves.

Now the two companies are waging a hostile takeover war every moment, which also means they have absolute certainty that they will drag every moment into the abyss.

There is actually a very interesting problem here-

Banks are happy to lend money to the attackers, i.e., hostile takeovers, but are reluctant to lend money to the defenders, i.e. every now and then.

Why?

The reason is very simple. For the attacking party, their purpose is to make a profit, and this is already planned before launching the operation.

Whether it's the breakup that is now popular in Bupen, or taking over the business, any of their actions are aggressive.

In layman's terms, when necessary, they can destroy the company for profit, which is enough to keep the bank from losing money at least - they have a way to legally plunder the company from the acquirer to make a profit, and also Can continue to pass debt to acquirers.

But the defensive side won't do that, they won't ruin their efforts against the acquirer, which is a paradox in itself.

This also means that lending money to the defending side is significantly more risky than the acquirer.

Banks have never been charitable organizations. The core business of banks is to make money in various ways. However, many people are deceived by banks' packaging and think they are some kind of "public welfare organization"

Actually not, they are the most profitable people in the Federation, no one.

The bank made a choice before this game started, so that the president of every moment had no choice at this moment.

His expression was gloomy and anger hidden.

After a while, he suddenly let out a sigh of relief, "Twenty percent... I promise."

70% of the tradable shares, the shareholders of the Federation probably have less than 30%, and the president himself holds 40% to 50%.

If Lynch is willing to help him through this difficult time, he can buy back some of the shares held by minority shareholders to establish his own "key votes" and then sell the rest to Lynch.

The only drawback is that he may lose absolute control, but this absolute control does not apply in the Federation.

In order to facilitate legal plundering, capitalists will not agree to the existence of "absolute controlling rights" in any company. With the addition of tradable shares, few founders of the company can still control more than 50% of the company after the company goes public. one share.

No one can do that.

In this way, although Mr. President's shareholding has declined, as long as he holds key votes, at least he is still one of the largest shareholders of the company.

He was heartbroken and relaxed at the same time making this decision, a very strange experience.

"According to yesterday's closing price, the current market value is only about 400 million federal sol at any time, and I bought 20% of it, which is..."

"About ninety million."

Lynch isn't very sensitive to specific numbers, but it's just about the same.

The president of every moment nodded. If it was put in a few days ago, the money could only buy 6% to 7% of the shares at every moment, but now, it is worth Twenty percent.

Not long after, people from the bank came here.

As the supreme and distinguished guest of Jinhui Bank, Lynch enjoys the top service.

For example, the bank's accountants, auditors, lawyers... and other professional employees are called to provide services at any time in the 24 hours.

They also brought portable typewriters and contract models, and even the FSC came.

A large number of shares change hands in takeover battles like this, such as filing with the Financial Supervisory Commission.

They won't specifically intervene in the transaction, and they can even treat them as invisible people~IndoMTL.com~ but they must know the details, must know if the transaction is in compliance with the rules.

Under the witness of the Financial Supervisory Commission and bank staff, Lynch and the president of every moment signed their names on two equity transfer contracts.

Looking at this transfer contract, Mr. President felt relieved and helpless every moment.

The betrayal of the minority shareholders hurt him very much. Of course, it can't be called betrayal. When the capitalists came out of their mother's belly, they thought about the appearance of money.

Premium what is in your hand to a suitable price to sell for huge profits, this will not only not be condemned, but will become the object of people's pursuit.

This is what is "correct" in a capitalist society, people no longer value virtues like "loyalty", "ceremony", "honesty", "virtue".

In the face of interests, these have been abandoned, and this is the "sweetness" of the Federation.

As long as people can abandon some without hindrance, they will naturally have no burdens, be free, and naturally "sweet".


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