"Peter, this risk is avoidable."

"Our current funds have to be used carefully, so we can take the method of capital increase and share exchange to make mergers and acquisitions."

Gani Agnelli exhaled the smoke ring lightly and said with a smile on the corner of his mouth.

This way of mergers and acquisitions can be seen from the literal meaning.

The acquisition company adopts the method of issuing new shares to replace the stock of the target company, so as to achieve the purpose of acquisition.

This method of mergers and acquisitions has obvious advantages. It does not need to pay a large amount of cash, so it will not squeeze the company's working capital and effectively reduce the financial pressure of the merger and acquisition company. Of course, there is no need for shareholder capital injection.

This method of mergers and acquisitions is very suitable for mergers and acquisitions among giants.

But there are also disadvantages.

The most direct is that the newly issued shares changed the shareholding structure of the acquired crude oil, resulting in the “dilution” of shareholders’ rights and interests, which may cause the original shareholders to lose control of the company.

That's why Peter Wallenberg questioned: "Even if the strength of these institutions has been damaged and their market value has declined, they are top institutions after all. Mergers and acquisitions in this way will have a huge impact on our original companies."

"Our original company is still in good shape. Don't let the enemy directly enter our interior once we merge, it will be troublesome!"

At this time.

Jacob Rothschild retorted in time: "Peter, your consideration is indeed reasonable, but I don't think you will make such an irrational choice."

"The Wallenberg family has a lot of assets and should be able to select a company that is suitable as the main body of the merger."

"and."

"We should all have the ability to make internal asset adjustments to avoid this risk."

The others nodded slightly in agreement.

Peter Wallenberg frowned, hesitated for a moment but gave up and continued to argue.

"Well, Jacob, you're right."

After persuading Peter Wallenberg, Jacob Rothschild looked at the others, and seeing that no one had any other suggestions, he smiled and said, "Then, let's discuss a specific implementation plan."

"After all, there are more than 20 institutions affected..."

…

In fact.

The defeat of attacking Xiangjiang has had an increasingly serious impact on many European financial institutions as time goes by.

After going through the dividend distribution and fundraising of Bright Fund, and the core executives of S.G Huabao Company’s self-disclosure, the investors of these institutions have been losing.

While trying their best to reduce the loss of funds and stabilize investors, they also have to face hostile takeovers and strikes from the enemy. The managers of these institutions are very busy every day.

This afternoon, just after Steve Calvin finished the high-level meeting, he received a call from Jacob Rothschild. After talking for a while, he dragged himself exhausted and hurriedly drove to Rothschild in the suburbs of London. Family Castle.

Half an hour later, Steve Calvin met Jacob Rothschild.

"Mr. Jacob, may I ask what method you are talking about?"

Before he sat down, Steve Calvin asked in a hurried tone, his eyes fixed on Jacob Rothschild even more.

For more than 20 days, he didn't sleep well, often waking up in the middle of the night.

The huge pressure caused his almost white hair to lose a single blond, the wrinkles on his face doubled, and his facial muscles seemed to lose their elasticity.

This completely different appearance from more than a month ago made Evelyn Rothschild on the side unable to help but remain silent.

"Mr. Steve, sit down and talk."

After Jacob Rothschild asked him to sit down, he asked succinctly: "Mr. Steve, now Cerberus Capital is facing a hostile takeover from Morgan Stanley, do you know that they have now acquired How much equity do you have?"

Steve Calvin was silent for a long time, shook his head and said, "I've already had people investigate, but it's hard to find the results."

"However, I just talked to all the major shareholders on the phone this morning. If they didn't deceive me, then Morgan Stanley's successful acquisition of the equity should not exceed 15%."

Jacob Rothschild nodded slightly, pondered for a moment and said: "But as far as I know, there are already many major shareholders who have not explicitly rejected Morgan Stanley."

Steve Calvin's face sank, his heart was angry and powerless, and he said in a low tone: "Maybe."

The Cerberus Capital Company was established by his father and partners, and later passed into his hands. Now their Calvin family only holds 21.47% of the company's shares.

This shareholding ratio is actually relatively high among financial companies.

With the prestige of the Calvin family, it can also gain the support of other shareholders to achieve control of Cerberus Capital Corporation.

But facing the overlord Morgan Stanley, it's a different matter.

What's more, the company had just experienced a disastrous failure under his leadership.

"Mr. Jacob, please clarify your thoughts directly." Steve Calvin, who was in a terrible mood, didn't want to talk about these useless things, looked directly at Jacob Rothschild, and said in a deep voice.

Jacob Rothschild said slowly: "We are willing to be white knights."

Steve Calvin's complexion changed drastically, his brows were frowned, and he stared at Jacob Rothschild, with anger rising in his heart.

"You also want to annex Cerberus Capital Corporation!"

When he received a call from Jacob Rothschild, he still had a lot of expectations in his heart. On the way here, he kept guessing where the Rothschild family might help him.

Unexpectedly, this "help" turned out to be an acquisition!

It's so funny!

Seeing Steve Calvin getting angry, Jacob Rothschild's expression became serious, and he said in a serious voice, "Mr. Steve, we are different from Morgan Stanley!"

Steve Calvin sneered, "What's the difference?"

"Are the prices different?"

"Or will you still let me run the company after the acquisition?"

After speaking, he leaned on the sofa and just looked at Jacob Rothschild, trying to see what kind of reasons he could give.

Jacob Rothschild looked at him sincerely: "Are you willing to take a sum of money and leave the company that you and your father paid for?"

Steve Calvin didn't speak, but his mood calmed down. UU Reading www.uukanshu.com He heard the strangeness in Jacob Rothschild's words, and he was willing to continue listening.

"Morgan Stanley has acquired Cerberus Capital, and will definitely find a way to clear the traces of your Calvin family, otherwise John Chris Morgan will not be at ease."

"So if they really succeed in a hostile takeover, you only have two options, either take a sum of money and leave, or hold a stake and be squeezed out little by little."

"But we are different, I will not humiliate you with money."

"As long as you accept our acquisition, the equity in your hand will become more valuable, and your influence will only become stronger."

"because!"

"You can choose to exchange shares, and what you exchange is the equity of Rothschild Investment Bank!"

As soon as Jacob Rothschild finished speaking, Steven Calvin immediately sat up straight with an expression of disbelief on his face.

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