Chapter 422 422 The acquisition of the world's top 500 shocked the United States!

  At this time, Wang Guanxi said: "If your Messi family is unwilling to sell me the control of the Messi department store, then the negotiation can only end here."

Milos Messi, Roland Messi, and Nathan Messi were angry, and then Wang Guanxi continued: "This time you are running on our Huntington Bank and Fifth Third Bank, trying to get Huntington Bank, Fifth Three bank failures"

  "All of this is your mistake. It is reasonable for the bank to freeze your deposits and draw loans from you!"

   "My request is very simple, that is the control of Macy's department store"

  Macy’s Department Store is one of the largest retail department stores in the United States and even the world, with more than 120,000 employees. After this economic crisis, the future will be a Fortune 500 company in the world.

His consortium needs such an influential enterprise. It controls the lives of more and more people, and controls the salaries of more people, which means that the destiny of more people is controlled, and the more people get more benefits, then everyone will come together. Maintain this interest.

   took down this department store with more than 120,000 employees, which greatly improved Wang Guanxi’s influence and control.

  And it's a big company in Ohio.

  Ohio is a key state in the general election and is known as the'President's Hometown'.

  Take Ohio State, then the probability of being elected will increase a lot.

  As long as Wang Guanxi dominates Ohio’s economy and penetrates politics, the influence and the right to speak will be different.

  At present, the stock price of Messi's department store is very low, and it is on the verge of bankruptcy, which is a good time for acquisition.

Then Wang Guanxi said to the governor on the side and several members of Congress: "Gentlemen, I have tried my best. Honestly, Macy's Department Store let us run it. I promise to create more jobs in Ohio! "

  When the financial crisis broke out last year, Macy’s Department Store encountered financial difficulties and then received assistance from the state government.

  At present, the Ohio Department of Treasury holds $1.5 billion in preferred stock of Macy's, and the annual interest is 8%. If Macy's fails, it will undoubtedly be a major loss.

  Especially Macy’s is the largest retail department store in Ohio and one of the largest retail department stores in the United States. It employs a large number of employees in Ohio.

  Immediately the governor, several councilors put pressure on the Messi family, hoping that the Messi family would sell control of the Messi department store to Wang Guanxi.

  Messi Messi said: "This can’t work. Macy’s is our family business. We will not sell it. I will find a way to pool the money to prevent the Macy’s from going bankrupt."

  Messi’s department store was created in 1858, and now 150 years have passed. It has always been the family business of their Messi family and the glory of the Messi family!

  Now sell control of Macy’s department store?

This is impossible!

  Whatever you say, he will find a way to get a loan. If he can't get it, he will simply go bankrupt. Huntington Bank, Fifth Third Bank, and other creditors will not get much money!

  I filed for bankruptcy in a big deal!

  Wang Guanxi asked: "Mr. Milos Messi, are you planning to file for bankruptcy?"

  Milus Messi: "If you continue to push me, we will file for bankruptcy, and everyone will lose out!"

  Several members of the surrounding lawmakers, the governor guessed that Milos Messi was threatening Wang Guanxi, not really going to file for bankruptcy. Even if it filed for bankruptcy, the state Treasury Department would bring back $1.5 billion worth of preferred stock.

  Of course they don’t want Macy’s to go bankrupt.

At this time, Wang Guanxi smiled: "Well, bankruptcy will go bankrupt. You can file for bankruptcy. You own 10% of the equity. After bankruptcy, the assets of the Macy’s department store will pay the creditors first, and your Macy’s family will pay a dime. Can't get it"

  Thinking about it, he continued: "Now the stock price of Messi's department store is 5 US dollars per share, I will give you a 20% premium, and the purchase will be 6 US dollars per share!"

The Macy’s Family Foundation holds 10% of the Macy’s stock, which is a Class B stock. Each share has 10 votes for a total of 52% of the voting rights. It firmly controls the Macy’s and other shareholders. It's no use owning more stocks.

  Looking at the Messi family, the Ford family controlled the company through a small number of Class B shares and one share with N votes.

  At that time, they didn't care about how many shares they held. They would cash out a large amount of stocks and then make other investments. Anyway, the control of the company was still in the hands of their family.

  The Messi family and the Ford family all use this mode of operation, but it’s okay to be a business, and other investments will result in mediocre performance.

Now the Messi Family Trust Fund seems to be insolvent, so Wang Guanxi said: "I know you need money, and the price of 6 US dollars per share is also very high. You guys think about it. It’s bankrupt. If I can’t get the money, I can get 180 million U.S. dollars by selling these 31.2 million Class B shares to me.”

  Currently, Macy’s share capital is 312 million shares, 10%, or 31.2 million shares. If calculated at $6 per share, that’s more than $180 million.

  And Roland Messi immediately said: "Mr. Wang, we cannot accept the price you set. We will find a loan. If you force us, we can only apply for bankruptcy."

  Wang Guanxi chuckled: "If you can't get a loan, please consider it carefully for $6 per share."

  Nathan Messi: "At a price of $6 per share, that’s impossible."

  Wang Guanxi naturally knows that these three brothers are not of one mind. When the Wusan Bank was acquired last time, they were not of one mind.

   Then Wang Guanxi asked: "Then how much do you want?"

  Milus Messi: "I won't sell it for any amount of money!"

  Roland Messi asked: “I heard that you had proposed to the Ford family to buy control of Ford Motor Company at 5 times the market price?”

  The Ford Family Foundation holds a 3.3% stake in Ford Motor Company, all of which are Class B shares, with super voting rights. Now the Ford Family also controls 40% of Ford Motor Company’s voting rights and firmly controls the company.

  I heard that Wang Guanxi gave the Ford family 5 times the market price before, but the Ford family did not agree.

  Wang Guanxi wants to take control of the Messi family to the Messi department store, but he wants a good price.

  After all, if you don’t sell it, Macy’s is going to go bankrupt. If you sell it, you can get a huge sum of money.

  The key is that the Messi Family Trust does not go bankrupt.

  At present, the Messi Family Foundation has been demanded by Citibank and Morgan Bank, and it has suffered huge losses on the Dow Jones Index. It is indeed a crisis.

  At this time, Wang Guanxi said, “It’s impossible for you to want 5 times the market price. Macy’s department store can’t compare with Ford Motor Company!”

  Nathan Messi said: "Then 4 times the price?"

  Wang Guanxi smiled: "It's impossible, don't even think about it, just 1.5 times the price"

  Roland Messi said: "3 times the market price!"

Wang Guanxi shook his head and said: "It is also impossible to triple the market price. Macy's department store is about to go bankrupt. You should wait for the stock to turn into waste paper. We creditors will take the Macy's department store assets for auction at that time. , How much is sold, but it is just a loss of some money"

"And because you chose to bankrupt the Macy’s department store, you must know that 90% of the Macy’s shares are circulated in the market. If it goes bankrupt, these 90% of the shares will become waste paper. When the time comes, Messi’s The shareholders of the department store must sue you."

  Wang Guanxi’s words came out, Milos Messi, Roland Messi, and Nathan Messi trembled in their hearts and became a little scared.

  It is true that many Macy’s shareholders, large and small, call them to put pressure on them.

  If this negotiation fails, the stock price of Macy’s will definitely continue to plummet tomorrow.

  If they choose to lose both sides with Wang Guanxi and make Messi's department store go bankrupt, then those shareholders who hold Messi's department store will certainly not let go of their Messi family.

  The future is countless lawsuits.

  Milus Messi shut up and said nothing.

  Roland Messi was silent for a while and said: "That 2.5 times the market price!"

  Wang Guanxi shook his head: "No, at most 1.8 times the market value."

  Nathan Messi: "2 times this is our bottom line, if you don’t want it, we will sell it to others!"

  Wang Guanxi thought for a while and said: "300 million US dollars!"

"Row!"

  "Then make a deal!"

  Roland Messi, Nathan Messi nodded in two days and agreed, but Milos Messi did not speak, and now it is useless for him to speak.

  So an equity agreement was drawn up on the spot, and the Messi Family Trust Fund sold 31.2 million Class B shares of Messi's department store!

  The price is 300 million US dollars!

  Wang Guanxi took out 300 million US dollars from the No. 1 Fund and paid the money.

  Milus Messi, Roland Messi, and Nathan Messi left after receiving 300 million US dollars.

  Before leaving, Milos Messi walked up to Wang Guanxi and said, "Mr. Wang, this Messi department store is also on the verge of bankruptcy. I hope you won’t be squandered with this $300 million."

   "By the way, maybe you want to lend to Macy's department store, but I tell you that there is no one billion US dollars. The Macy's department store is estimated to survive this year."

  "You can ask Huntington Bank and Fifth Third Bank to get a loan to rescue Macy's, but these two banks are also in crisis."

   "Hey, you can not let Macy's, Huntington Bank, and Fifth Third Bank all go bankrupt."

  "Haha"

  Wang Guanxi smiled and said: "I will operate very well, so you don't need to worry about it, Mr. Milos Messi, you should worry about whether the Dow Jones Index will plummet tomorrow!"

   "Haha, just wait and see" Milos Messi left.

  Wang Guanxi then donated all of these 31.2 million Macy’s Class B shares to the Wangguan Charity Foundation.

  In this regard, the Crown Charity Foundation holds a 10% stake in Macy’s!

  This is a Class B stock, with 10 votes per share and a total control of 52% of the right to speak. It firmly controls one of the largest department stores in the United States, and will become a Fortune 500 in the future!

   Especially with more than 120,000 employees, there may be 120,000 families behind.

  This undoubtedly greatly improved Wang Guanxi’s influence and control.

  In the economic crisis, Messi’s department store has laid off 50,000 employees!

   originally had 170,000 employees, but 50,000 people were laid off last year, so Wang Guanxi does not plan to lay off any more.

   Then he said to the governor: "Mr. Governor, after the Macy’s has gone through the economic crisis this time, I will let Macy’s store 30,000 jobs in Ohio."

  “But now the Macy’s department store is in crisis, it is on the verge of bankruptcy and needs loans, and my Huntington Bank and Fifth Third Bank are also in crisis”

   "So I want to apply for a bailout with the state government, and inject 1.5 billion US dollars into Huntington Bank and Fifth Third Bank in the form of preferred stocks, with a fixed interest rate of 8% per year. In the future, we will redeem these preferred stocks. What do you think?"

  Preferred stocks usually have a predetermined dividend yield.

  Since the dividend rate of preferred stocks is fixed in advance, the dividends of preferred stocks generally will not increase or decrease according to the company's operating conditions, and generally cannot participate in the company's dividends, but preferred stocks can receive dividends before common stocks. For the company, since the dividend is fixed, it does not affect the company's profit distribution.

  The scope of rights of preferred shares is small. Preferred shareholders generally do not have the right to vote or be elected, and they have no right to vote in major operations of the stock company, but they can enjoy the right to vote in certain circumstances.

  If the company’s general meeting of shareholders needs to discuss claims related to preferred stocks, the claims of preferred stocks precede ordinary shares and second to creditors.

  If the Ohio Department of Treasury injects 1.5 billion U.S. dollars into Huntington Bank and Fifth Third Bank, that is, 3 billion U.S. dollars.

  Then the Huntington Bank and Fifth Third Bank will receive 240 million U.S. dollars in interest each year.

  The Ohio Department of Treasury also rescued Messi's department store before, which is also a way of preferred stock, injecting $1.5 billion in Messi's department store with an annual fixed dividend of 8%.

The governor thought for a while and said: "The Treasury Department bought 1.5 billion U.S. dollars in preferred shares of Huntington Bank, and 5 billion U.S. dollars in preferred shares of Fifth Third Bank. However, Huntington Bank and Fifth Third Bank must be supervised. Changes must be reviewed by the State Department of Finance."

   "By the way, this preferred stock cannot be redeemed within three years, and it must be redeemed at a premium of 10%"

  Messi’s conditions are also the same. It can be redeemed after three years, with a fixed interest of 8% per year, and a premium of 10% is required for redemption.

After the capital injection, the preferred stocks of Macy’s, Huntington Bank and Fifth Third Bank totaled US$5 billion. The annual dividend is fixed at 8%, which is US$400 million per year. Regardless of whether the three companies make a profit or lose money, All have to pay the Ohio Department of Treasury in dividends of US$400 million. Three years later, the dividend will be as high as US$1.2 billion.

  The redemption price is also a premium of 10%, so it is US$5.5 billion, and the net profit is US$500 million.

  Three years later, as long as Macy’s, Huntington Bank, and Fifth Third Bank do not go bankrupt, operate normally, and redeem preferred shares normally, the Ohio Department of Treasury will make a net profit of $1.7 billion.

  Governor is also learning from Buffett to buy preferred shares of Goldman Sachs!

  Buffett bought 5 billion preferred shares of Goldman Sachs Bank, with a fixed annual dividend of 10%, and a premium of 10% is required for redemption.

  However, the 4 billion preferred stock bought by Ohio has a fixed dividend of 8%.

  Wang Guanxi smiled and said: "No problem, we will redeem these preferred shares with the Ministry of Finance in 3 years."

  So the Ohio Department of Treasury also announced the bailout of Huntington Bank to purchase its $1.5 billion preferred stock.

   then announced the bailout of Fifth Third Bank, buying its US$2 billion preferred stock.

  The fixed dividend is 8% per year.

  As a condition, Huntington Bank and Fifth Third Bank provided a loan of US$1.5 billion to Macy’s to help Macy’s get out of the economic crisis.

  Messi's department store received a new loan of 1.5 billion US dollars, and suddenly no longer announced layoffs.

  After the Messi department store changed hands from the Messi family, it immediately shocked the nation!

  "The Messi department store has changed hands from the Messi family, which is incredible"

   "The acquisition of Macy's is a mysterious fund, which is also the controlling shareholder of Huntington Bank, Fifth Third Bank!"

  “This time, the Macy’s department store has also received a loan of 1.5 billion US dollars and will not go bankrupt.”

  "This oriental crocodile has acquired Huntington Bank, Fifth Third Bank, and Macy's Department Store, and has become a giant in Ohio's retail and banking industries."

  "The Messi family has been in charge of the Messi department store for 150 years. I didn’t expect to change ownership to an oriental crocodile today!"

   "Ohio's largest rancher is really rich, Crown Manor? What does the king mean? It feels awesome!"

   "How rich is the owner of the Crown Manor? Can this Macy's store really save it?"

   "The Macy's department store has been acquired, so there is no need to lay off staff, and my wife doesn't need to be unemployed anymore."

   "I heard that Macy's is planning to add 30,000 jobs in Ohio and I don't know if it is true?"

  “The Governor’s Office has issued a statement that Macy’s will add 30,000 jobs”

  ···

  American retail giants are also surprised!

  The second largest discount retailer in the United States, ranked 200 in the world's top 500, Target, COO: "This Macy's department store has survived after all, but the future will not be able to challenge us."

  One of the largest food retailers in the United States, 117 of the world's top 500, Albertsons, COO: "Is this Macy's department store still full of blood and resurrected?"

  The 80th largest retail giant in the world's top 500, The Kroger Co., CEO: "The Messi family has withdrawn from the stage of history, that mysterious oriental crocodile! Haha, it's going to go bankrupt!"

  The third largest retailer in the U.S. and the ninth largest retailer in the world, Costco, Chief President: "The family business of the Messi family has been acquired. It seems that the new owner is even more ambitious!"

  The world’s top 500 Wal-Mart company, Chief President: "Macy’s Department Store didn’t go bankrupt?"

  ···

  Houghton Housing Company, Donald Horton, Tom Horton and his son were also shocked.

   "Mr. Wang actually bought one of the largest traditional department store retailers in the United States!"

   "This Macy's department store is going bankrupt, Wang Guanxi is so courageous!"

  Felder Group, Feld: "Wang Guanxi actually bought the Messi department store that was going bankrupt? Haha, I think your $300 million is very likely to be in vain."

  Soros Quantum Fund, Soros: "This Wang Guanxi bought a department store neatly? Don't hesitate to invest in local places? Repaying a loan of 1.5 billion US dollars, hehe, Huntington Bank and Fifth Third Bank will be dragged down!

  Ford Family Foundation, Bill Ford: "This Wang Guanxi moved too fast. He actually bought a company that the Messi family has inherited for 150 years. It is estimated that it will go bankrupt!"

  Now the Ford Family Foundation still holds a large number of long positions in the Dow Jones Index, and the average position is very high. Now the Dow Jones has fallen to 7500, and the book has a lot of losses.

  The Dow Jones Index has fallen so terribly, it is simply unimaginable!

  This is just a loss on the Dow Jones Index, and other stock assets held are also seriously shrunk!

  He has a lot of debts.

  Thinking of Ford Motor Company, the Ford Family Foundation still owes a loan from Fifth Third Bank, and he is anxious.

  Wang Guanxi won’t collect debts with herself, right?

  The next day, on February 23, the financial market opened, and the Dow Jones Index plummeted again!

  It dropped by 200 points in just one hour!

  Bill Ford's complexion suddenly changed, and a cold sweat broke out on his back.

   "It's difficult this time!"

"Ugh!"

  He was groaning, and his daughter Ford Ingrid came over.

   "Father, what's wrong with you?

   "You look bad!"

  Bill Ford: "It's okay, but I lost a little money recently"

  Ford Ingrid asked: "Ford Motor Company's stock price has fallen a lot recently, my aunt wants to sell the stock!"

  Bill Ford's attitude is very firm: "No, this is the glory of the Ford family, you can never sell a share!"

  ··

  At this moment, Wang Guanxi convened the top executives of Macy’s department store, and everyone had a meeting together.

Wang Guanxi said: "The future is the era of e-commerce. I hope that Macy’s department store will be a combination of online and offline. To be more specific, you imitate the top retail companies in the United States. I don’t want Macy’s department store to keep going. The traditional way"

   "Yes, BOSS!"

  Wang Guanxi said: "You guys have all come up with a plan recently. Whoever tests has the best ability, the best advice, the best strategy, is the company's chairman and chief executive officer!"

   "Yes, BOSS!" Everyone is very excited and looking forward to it.

  At this time, Wang Guanxi remembered on the phone. It was Roland Messi and Nathan Messi of the Messi family.

  Today, the Dow Jones Index plummeted again, and the Messi Family Trust once again went out of stock, and the entire Messi Family Trust was also finished.

  The three brothers divided the possessions, and Milos Messi took the money and left.

  Roland Messi and Nathan Messi don’t know what to do for the time being.

  Knowing that Wang Guanxi is recruiting professional managers for Messi's department store, and the two are very familiar with the retail industry and want to re-invest in Messi's department store and then work at Macy's.

  Wang Guanxi thought for a while, and called Roland Messi and Nathan Messi in front of him.

  "Mr. Wang"

   "Mr. Wang, we had some misunderstandings before."

  The two are very polite.

  Wang Guanxi smiled and said: “It’s okay, the two of me and your brother Milus Messi have a little misunderstanding.”

   "By the way, if you want to rejoin the Macy's department store, just buy some stocks on the market, and then you will still be a member of the board of directors!"

So the two listened to Wang Guanxi’s suggestion and used the last 45 million US dollars to buy 7.8 million Messi’s Class A shares from a wealthy tycoon who was eager to sell Messi’s department store, each with 1 vote. Voting rights.

  7.8 million shares, occupying 2.5% of the shares, and the voting power is only 2.5%.

  The two entered the board of directors, with Roland Messi as chairman and Nathan Messi as chief operating officer.

  The CEO and the CFO are under the guidance of Wang Guanxi.

  Then everyone reopened a meeting, Wang Guanxi formulated the general development direction of Messi's department store in the future, the combination of online and offline.

  After 2000, the e-commerce US retail channel and the industry ushered in a new round of reshuffle, which had a huge impact on the traditional department store industry.

  The performance of Messi's department store has begun to decline again, and revenue has experienced negative growth several times.

  In order to save the declining trend, Macy's has increased its scale effect through a large number of acquisitions, thereby realizing corporate transformation.

   However, from the perspective of the market, the traditional department store model is outdated and sales channels are too narrow, which makes the company increasingly lose its market appeal.

  Messi’s century-old store has gradually fallen into trouble. During the economic crisis in 2008, the operation of Messi’s department store became more and more difficult and must be changed.

  Wang Guanxi said: "I hope that in the future Macy’s department store will completely change the traditional business model. The future is the era of e-commerce, and we must change!"

  "Online is the main thing, offline is supplementary!"

   Then he briefly talked about strategic planning.

  Roland Messi and Nathan Messi suddenly realized.

  "BOSS, will traditional stores be gradually closed in the future?" Roland Messi asked.

  Wang Guanxi: "First, the traditional store view of poor profitability will be first, and the new stores will adopt the online and offline combination model."

  "Practice a diversified strategy, buy online, pick up in the store; buy online, ship to the store"

  Nathan Messi nodded suddenly: "BOSS, we were too stubborn in traditional storefronts before!"

  After the meeting, everyone had dinner together, Wang Guanxi asked: "Your Messi family fund is split?"

  Nathan Messi: "Yes, it's split."

  Wang Guanxi asked: "Where is Milos Messi?"

  Roland Messi: "He took the money and left. He said he was going to New York."

  Wang Guanxi: "The Messi Family Trust has lost a lot of money on the Dow Jones Index, right?"

  Roland Messi: "Yes, today the Dow Jones Index fell sharply at the opening, and the Messi Family Trust has once again sold out."

  Nathan Messi: "Not only the Messi Family Trust has suffered heavy losses, but the Ford Family Foundation also suffered heavy losses."

  Wang Guanxi asked: "The Ford Family Foundation hasn't closed the position yet?"

  Roland Messi: "Yes, I heard Milos Messi say that the Ford Family Foundation has suffered huge losses and is now trying to raise funds to avoid liquidation!"

  Wang Guanxi suddenly had an idea. He had always wanted to buy the control of Ford Motor Company from the Ford family, but it was a pity that Bill Ford would not agree.

  Now it seems that there is a chance again.

  Currently, the Ford Family Foundation still owes a loan from Fifth Third Bank, and the Ford Motor Company owes countless debts!

  But getting the Ford family is not easy.

  (End of this chapter)