Blackstone Code

Chapter 902: No choice

"We meet again, Mr. President."

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

At this moment, the president sitting on the sofa with his legs close together couldn't see him violently under his hands at all. He was like a little lamb waiting for a fate to stoke, and he sat there with his legs clamped.

He can't resist, he can only bear it.

The fact is indeed the case. When the two companies announced that they would acquire every moment, he had no retreat.

He once thought about solving these problems with the help of Marillo warlord brother's strength, such as making some attacks, attacking the people who presided over the acquisition or something.

But soon his idea was abandoned by himself. He knew very well that the federal government had always been very cautious about this kind of thing, and would face a major cleansing if he was not careful.

When the bank is unwilling to help him, the only one who can save him now seems to be the "Mr. Lynch" in front of him. He has no other way to choose.

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

This is a strategy.

The warlord background behind every moment has a deep influence on every moment. In the past few years, Marillo's melee has made Marillo and Marori believe that strength is the foundation of everything.

Of course, this is indeed a fact, whoever has stronger strength will be able to live and develop steadily.

Whoever is weak may be overthrown and killed in the streets in a few days.

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

When putting it on, the Malorians slaughtered the Malorians for no reason, just because of the hatred between each other. In other words, the Malorians actually did this, and did it more than once.

This allowed the two sides to forge a deadly feud, whoever is stronger can take it all!

When dealing with these people, their modesty will only be underestimated by them. Only by showing toughness will they temporarily put away their minions——

Lynch can fully imagine that when he gets out of the current predicament every moment, the first thing that looks like a very tired and haggard guy who hasn’t slept for a few days is to think of a way to kick himself out of the board of directors, or even Take away the stock in your own hands.

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

The corners of the president's mouth are crooked every moment, as if trying to squeeze some smile out, but he failed.

"That is indeed a very unacceptable number, Mr. Lynch, I can't be the master..."

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

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

"Talk about a joke?"

The unceremonious counterattack made the president's hands on his knees clenched into fists, which were quickly released again.

There is only this opportunity. If he loses this opportunity, he will lose everything.

"After you left that day, I discussed with my brother and he said that if it is about 15%, there is no problem at all."

He moved his brother out, although deep down in his heart he didn't really want to do it. His brother is very useful when dealing with some small people, but not so useful when dealing with some big people.

He can only hope that Lynch is still young and somewhat awed by the world. What if he succeeds?

Lynch sneered, "Your brother will soon be unable to be the master."

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

"Now you can't get the money. No matter who the minority shareholders represent, they must make a choice."

"The choice of bidding!"

Initiating a malicious acquisition in the Federation is really not an easy task. It is not the result of negotiations between the two parties, and it is not a completely natural market behavior.

Such hostile takeovers often cause a series of financial problems, so under the promotion of the FSC and Congress, a series of bills have emerged.

Once the party that initiates the acquisition holds more than how many shares, they have the right to request a suspension of listing.

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

Subsequently, it was stipulated that asset reorganization and privatization must be carried out after the acquisition, and the listing could only be resumed when all interest rates ceased.

Most of the time, the party that launched this hostile takeover has already made a sufficient budget in terms of funds, and they also have the support 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 purchasing.

As long as the budget is well done, one or two billion may be used to leverage a company with a market value of 5.6 billion.

Of course, this is a normal development process, and there is another possibility that the hostile takeover fails. The stock held by the malicious holding party does not count the voting rights, and the holder is not allowed to enter the board of directors.

The acquisition boom ends, the stocks are relisted, and the boom cools down. The hostile bidder will lose a lot of money and leave the market.

Now the two companies have launched a hostile takeover war against every moment, which also means that they have absolute certainty and drag every moment into the abyss.

There is actually a very interesting problem here-

Banks are willing to lend money to the attacking party, that is, the malicious acquirer, but are unwilling to lend money to the defensive party, that is now every moment.

Why?

In fact, the reason is very simple. For the attacking party, their purpose is to make a profit, and this is already planned before the action is initiated.

Whether it's the splitting that is now popular in Buppen 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 make the bank at least not lose money-they have a way to legally plunder the company from the acquirer to make a profit, and they can continue to make a profit. The debt is thrown on the acquirer.

But the defensive party will not do this. They will not ruin their efforts to fight the acquirer. This is a paradox in itself.

This also means that when lending money to the defending party, the risk will be significantly higher than that of the acquirer.

A bank has never been a charity. The core business of a bank is to make money in various ways, but many people are deceived by the packaging of the bank and think that they are some kind of "non-profit organization."

Actually not, they are the most profitable people in the Federation, none of them.

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

His face was a little gloomy, and his anger was hidden.

After a while, he suddenly exhaled as if frustrated, "20%...I agreed."

About 70% of the tradable shares, the federal shareholders probably still have less than 30%, and the president himself controls more than 40% to 50%.

If Lynch is willing to help him through this difficulty, he can buy back some of the minority shareholders' stocks to establish his own "key votes", and then sell the remaining ones to Lynch.

The only shortcoming is that he may lose absolute controlling rights, but this absolute controlling right does not apply to the federal government.

In order to facilitate legal plunder, capitalists will not agree to any company with "absolute controlling rights". With the addition of circulating shares, few company founders can hold more than 51% of the shares after the company is listed. .

No one can do that.

In this way, although Mr. President’s shareholding has fallen, as long as he holds key votes, at least he is not one of the company’s largest shareholders.

When he made this decision, he was very heartbroken, and at the same time very relaxed, a very strange experience.

"According to yesterday's closing price, the current market value at every moment is only about 400 million Federal Sol. I bought 20% of it, that is..."

"About 90 million."

Lynch is not very sensitive to specific numbers, anyway, it's not bad.

The president nodded every moment. If it were put in the previous days, the money could only buy 6 to 7% of the shares every moment, but now, it’s worth 10%. twenty.

Before long, the people from the bank came here.

As a distinguished guest of Jinhui Bank, Lynch enjoys top-notch service.

For example, at any time during the twenty-four hours, the bank's accountants, auditors, lawyers... and other professional employees are summoned to provide services for themselves.

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

Like this, a large number of shares change hands in a takeover battle, such as filing with the FSC.

They will not specifically intervene in the transaction, and can even treat them as invisible people~lightnovelpub.net~ but they must know the details and must know whether the transaction complies with the rules.

Under the witness of the financial management committee 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 at every moment, but he seemed helpless.

The betrayal of the minority shareholders hurt him very much. Of course, this cannot be said to be a betrayal. When the capitalists got out of their mother's stomach, they were thinking about money.

Selling the things in your hands at a premium to a suitable price and earning huge profits will not only not be condemned, but will become the object of people's pursuit.

This is the "correctness" in the capitalist society. People no longer value such virtues as "loyalty", "propriety", "corruptness", and "virtue".

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

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