Silicon Valley

v2 Chapter 400: FuGuo bank

Henry personally designed the mini version of the "Robot Xiaodou" appearance, and left the company to do the rest. In fact, Henry doesn't know whether this mini "robot Xiaodai" will sell well. After all, it is like a remote control car, and the price is definitely not cheap. I am afraid that except for the rich, ordinary people can hardly afford it.

After Henry returned home, he paid attention to the financial news. Not long ago, Wells Fargo bought its rival in California, the First Intercontinental Bank Group, which doubled its assets. Bank assets reached 96 billion U.S. dollars and its market value reached 17 billion U.S. dollars! Henry suddenly recalled that the original acquisition was completed in 1995 and 1996, probably because Henry also established a bank in California, which produced a butterfly effect, which delayed the acquisition time!

Wells Fargo Bank is a very legendary bank with a terrifying record in business history: Since its establishment in 1852, it has experienced several wars, political disturbances, and several financial crises, but it has a history of nearly 150 years at Wells Fargo Bank. No operating loss occurred in a year. And in 2008 and 2011, even completed the merger and acquisition of Wachovia. According to data from the New York Stock Exchange on March 31, 2012, Wells Fargo's market value reached 180 billion U.S. dollars, making it the most valuable bank in the United States!

Even the stock **** Buffett is a major shareholder of Wells Fargo Bank, and during the financial crisis, he even used his personal account (to increase the position and bought a large number of Wells Fargo stocks. This time on September 11, Buffett bought a large number of Wells Fargo stocks. stock!

Henry didn't notice it. Obviously, Wells Fargo has huge development potential. Just imagine, it is a legend to be able to not lose money for 150 years! And every time a financial crisis breaks out, it can also counterattack and become a big winner in the financial crisis. If you have such a bank that only makes money without losing money, how can you be short of money to spend?

It just so happened that Henry still had more than 300 billion US dollars on hand. The acquisition of Wells Fargo Bank was a trivial matter!

Immediately, Henry initiated a purchase request to Wells Fargo Bank and proposed a wholly-owned acquisition of US$20 billion.

After the other party received the news, a general meeting of shareholders was held the next day. At the meeting, a large part of it agreed, but Warren Buffett firmly opposed it.

"Dear shareholders, Wells Fargo has never made a loss since its establishment. It has developed very steadily and is increasing its profit every year. We can safely conclude that in three years, Wells Fargo will be worth far more than 20 billion U.S. dollars! I firmly disagree with Henry Williams' acquisition of Wells Fargo!" Buffett looked around at everyone and said.

Buffett is uniquely wise and has a great reputation in the investment world! Otherwise, why is it called the "stock god"? As soon as he finished speaking, everyone agreed.

In the afternoon, Henry heard the news that the acquisition was rejected. At the same time, he also inquired that Buffett obstructed it from behind.

Henry frowned and murmured: "I don't believe that other shareholders are not moved... I will add another billion dollars!"

Henry asked him to immediately report the latest price to Wells Fargo, but the result was still rejected.

Henry was unconsciously angry, "Well, then I can't blame me for hostile takeover!"

Wells Fargo Bank has a history of 150 years. The stock has a high liquidity and is easy to absorb in the market. Neither Wells Fargo’s major shareholder nor Buffett’s shares add up to 30%.

Within a few days, the transaction volume of Wells Fargo Bank increased sharply, which immediately attracted the attention of many people.

Buffett said in a deep voice in the conference room at the headquarters of Wells Fargo: "This is Henry Williams. He is going to hostile bid for Wells Fargo. We must act, not wait and let him absorb shares from the stock market, or else. , The company will become his sooner or later!"

"Mr. Buffett's statement is reasonable, but we have just maliciously acquired the First Intercontinental Bank Group, and the current fund reserves are insufficient..." A shareholder shook his head.

"Yes!" The other shareholders whispered and discussed.

But when they remembered that the other party was Henry Williams, the richest man in the world, everyone couldn't help feeling a deep sense of frustration. At the end of the discussion, everyone could only look at each other, and no one could think of a good way.

Buffett remained silent, and when they were quiet, he said: "Wells Fargo and Berkshire Hathaway may join forces to prevent Henry Williams' hostile takeover! I will let Berkshire Hathaway is snapping up shares of Wells Fargo on the stock market. As long as our shares have an absolute advantage, Henry Williams can only give up this action!"

"Oh, this is great!"

Everyone was overjoyed.

Subsequently, as Wells Fargo Bank, Berkshire Hathaway and Henry were all snapping up shares of Wells Fargo Bank, the stock price skyrocketed immediately.

"Wells Fargo's stock price has gone up so fast!"

"How come there are a lot of purchase orders for Wells Fargo stock, what is going on?"

A senior Wall Street analyst disclosed: “Henry Williams failed to achieve his goal through benevolent acquisitions. He could only maliciously acquire shares of Wells Fargo in the stock market to gain control of the company. And Wells Fargo in order to resist the other party’s behavior. Naturally, they are also snapping up stocks from the stock market. Judging from the current situation, Wells Fargo’s stock price will only get higher and higher. I suggest that stockholders sell their stocks over time!"

At this time, newspapers reported on Henry's acquisition of Wells Fargo's stock.

"The Wall Street Journal" stated: "In the United States, Henry Williams already has Williams Bank of America, but this time he acquired Wells Fargo Bank in his personal capacity. It can't help but make people wonder. UU Read www.uukanshu.com Why not just let Williams Bank of America buy Wells Fargo Bank? Or, Henry Williams feels that Wells Fargo has great development potential, and if you own it alone, you can make more profits? However, we learned from Henry Williams It can be seen from his attitude towards the acquisition of Wells Fargo Bank that he is indeed very optimistic about Wells Fargo Bank and wants to obtain an absolute controlling stake in the bank!"

Williams Manor.

"Mr. Williams, I thought Wells Fargo had no funds, but I didn't expect the stock **** Buffett to intervene suddenly. Berkshire Hathaway is competing with us for stocks!" said Charles, the head of the think tank, "Burke Hill Hathaway has a large amount of capital, and Buffett and Wells Fargo already hold most of the shares. Therefore, the success rate of our acquisition of Wells Fargo is very small!"

Henry frowned when he heard it, muttered twice about Warren Buffett and Berkshire Hathaway, and then said to Charles: "Charles, the market value of Wells Fargo has risen to $25 billion. At that time, we would just sell shares and we can’t buy them. We have to make a profit from it! Since Buffett and Berkshire Hathaway want to intervene, let them make a **** blood!!

"Yes!"

(To be continued.)