MTL - Reborn Capital Empire-v2 Chapter 764 huge financing

Chapter 764 Huge Financing

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The first day's meeting didn't last long. ?www?w?. ?Guo Shouyun only briefly talked about the merger plan of Phoenix and Merrill, the future direction of discovery, and a simple valuation method. The real negotiation will only be discussed in detail after the representatives of the various consortiums have read the detailed information on Phoenix and Merrill.

Of course, for two huge financial companies with huge assets of US$2.5 trillion and hundreds of thousands of documents involved, it will be a huge workload to analyze them thoroughly within two days. Fortunately, every consortium representative who came here brought enough entourage. Everyone worked overtime. Finally, after two days, they had a detailed understanding of Phoenix and Merrill Lynch's operating data and financial situation.

What follows is a cumbersome discussion that is almost as fierce as the haggling of the uncles and aunts in the vegetable market. Threats, inducements and buck-passing are not enough for outsiders.

After three days of entanglement, Morgan Family Fund, Roosevelt Family Fund, Bush Family Fund, Kennedy Family Fund, Goldman Sachs, Royal Bank of Scotland, kkr, Morgan Stanley, Bain Capital, Bear Stearns, Blackstone Group, Carlyle Group, and then Together with Bruce Fund, Phoenix Bank and Merrill Lynch, representatives of the fifteen parties signed their names on the final agreement.

According to the content of the contract: Merrill's shareholders will convert their own shares into Phoenix Merrill's new shares on a three-for-one-for-one basis; while Phoenix Bank will convert their own shares into Phoenix Merrill on a three-for-two basis. of new shares.

This means that Guo Shouyun's 47.3% of Merrill's shares held by Bruce Fund will be converted into 15.77% of Phoenix Merrill's new shares. His 67.8% stake in Phoenix Bank will be converted into 42.94% of new Phoenix Merrill Lynch shares. He still holds a controlling stake in the company, holding a total of 58.7% of Phoenix Merrill's shares.

The next step is financing.

After negotiation, the representatives of the fifteen parties agreed that the basic offer of Phoenix Merrill Lynch was US$190 billion! Morgan Family Fund, Roosevelt Family Fund, Bush Family Fund, Kennedy Family Fund, Goldman Sachs, Royal Bank of Scotland, kkr, Morgan Stanley, Bain Capital, Bear Stearns, Blackstone Group, Carlyle Group, Thirteen parties acquired Phoenix for $75 billion 28.3% of Merrill Lynch.

At this time, we can see the gap in the strength of the consortiums of all parties. It has to be said that the Morgan family, a consortium that has been rooted in the American financial industry for hundreds of years, is really strong. They invested 12 billion US dollars to get a 4.53% stake in Phoenix Merrill Lynch. Some Merrill Lynch shares, with a 6.47% stake, make the Morgan family fund the second largest holding institution after the Bruce fund.

After this dilution, Guo Shouyun's shareholding in Phoenix Merrill was also greatly reduced, and finally settled at 42.09%!

However, this is also in line with his purpose. If he continues to control Phoenix Merrill, I am afraid that the hat of monopoly will still be difficult to remove.

After talking about the business, it is natural to have a celebration dinner! Guo Shouyun, the protagonist, is also the center of the conversation.

"Bruce, when will Phoenix Merrill be officially listed?"

asked Morgan Stanley CEO Walker Fairbank.

"If the merger goes well, I plan to officially launch the listing of Phoenix Merrill in October in the second half of the year."

"What about the underwriters?"

"Walker, we are the second largest investment bank on Wall Street!" Guo Shouyun laughed.

"As a sprawling entity with an estimated market cap of over $270 billion, two underwriters are not many!"

"The two underwriters are really suitable, but I think we are more suitable for Goldman Sachs!" Blankfein came over with a glass of wine.

"Blank, Goldman Sachs is behind us in securities underwriting!"

"Walker, Goldman's clients are wealthy people, they have stronger investment ability, and the ability to identify good stocks. Quality stocks like Phoenix Merrill Lynch are the most popular."

Goldman Sachs has always been a well-known 'white shoe' company on Wall Street. Although Merrill Lynch led the 'Wall Street to Main Street' action, making investment no longer a toy for the rich, Goldman Sachs, which insists on the partnership system, has always been a high-end player on Wall Street. , they are not like Merrill Lynch, they are among the best in wealth management and have huge assets. However, he used his connections in the upper class to obtain rich returns through high-risk transactions.

Among the top five investment banks on Wall Street, the most cunning player is Goldman Sachs!

"You two, don't have to fight. Phoenix Merrill's listed underwriters, apart from ourselves, will not have any exceptions!" Guo Shouyun said.

"Bruce, how many shares are you going to take out to raise money?"

Blankfein also changed the subject.

"10%!"

"I'm more curious about the $75 billion in financing, what will Phoenix Merrill Lynch do?" Walker Fairbank asked.

"Phoenix Merrill Lynch has a lot of businesses. Although the US$75 billion is huge, it is not a big deal. However, the specific distribution plan still needs to be discussed and decided by the management!"

"Bruce, based on the information I've seen from Phoenix Merrill Lynch, you seem to be reducing your private equity holdings and investing in different properties?" Blankfein asked.

Guo Shouyun was a little surprised by this guy's carefulness, and nodded after briefly thinking about it.

"Why? Now all financial institutions know that real estate derivative bonds are the most profitable business!"

"Merrill Lynch's investment portfolio has a large share of different yields and derivative bonds, and the risk exposure is also too high. I need to balance it! As for the reduction of private equity, we just cast a wide net before and become The current focus is on fishing. In fact, Phoenix Merrill Lynch’s overall investment in private equity has not changed, but the investment goals are more concentrated than before.” Guo Shouyun said.

"Key investments are good, but aren't you afraid of losing money?"

"As long as you do a good job of investigation in advance and keep abreast of the trends of these companies, unless there is a black swan event, the possibility of loss is very small." After a pause, "Besides, even if you invest in treasury bonds, there may be losses, right?!"

Blankfein nodded and raised his glass with a smile!

"cheers!"

"cheers!"

…

"boom…!"

The huge movement showed the owner's anger.

"Damn Goldman Sachs, **** Bear Stearns, they dare to betray us!" Steven Liping, the fiery CEO of Halliburton Energy, slapped the table angrily.

Except for him, all the people in the whole room who participated in the alliance against Bruce Guo looked bad!

The betrayals of Goldman Sachs and Bear Stearns were a heavy blow to them. Ironically, if the two hadn't withdrawn voluntarily, they wouldn't have known about it.

"Anger is meaningless, the key is to find a way to deal with it!" William Schiff said solemnly.

"What way? Are we going to chase those two **** back?"

"Of course it's not to get back. It's how to deal with the difficulties that come with it. Goldman Sachs and Bear Stearns' betrayals are definitely not without reasons. Since Bruce Guo is willing to spend a lot of money to win over them, he is naturally willing to win over others. Befriending private equity institutions such as Carlyle and Blackstone, with the support of the Roosevelt family behind it, and now with Goldman Sachs and Bear Stearns, this force has erupted, not weaker than us, or even stronger than us!"

"The key is to find out what means Bruce Guo used to win over Goldman Sachs and Bear Stearns? Apart from them, which other consortiums were attracted by him?" Citi CEO Cram Pandit frowned.

"With the cunning and greed of Goldman Sachs and Bear Stearns, coupled with the status quo of Bruce Guo. The most likely thing to turn their backs on us is the original stock of the new company after the merger of Phoenix and Merrill! And I received news that Goldman Sachs, Bell Stern's business jet had been to San Francisco a week ago," said Barclays Capital CEO Jeremy Searle.

"William, haven't your people been staring at Bruce Guo? Haven't there been any valuable discoveries?" Jeremy Dyer asked.

"Bruce Guo is very cautious. Moreover, the level of vigilance in the Hanshan Courtyard is very high, and the vehicles passing by do not have any unique signs. Although we monitored the periphery, we did not find anything." William Schiff shook his head.

The stalking and surveillance routine is perfectly normal in America, where private detectives abound. But unfortunately, since the accident of Jasmine Bevin, Guo Shouyun has attached great importance to the security of his residence and the workplace he frequents. Let alone a private detective, even if you're a CIA agent, don't even come in unscathed.

After more than five years, hundreds of millions of dollars are not in vain. The members of the three bases, Rudy Muller, Deng Feng, and Hualei, have been training every day.

"Jingle Bell…!"

Just then, William Schiff's phone rang suddenly.

Taking a look at the caller ID, William's face changed slightly, and after making an apologetic look to everyone, he turned and walked out of the conference room.

"Mrs. Snow, what's the matter with calling me...!"

He was interrupted before he could finish speaking.

"Mr. Schiff, I'm afraid I can't continue what I promised you last time!"

"Why? Didn't the antitrust investigation begin?" William Schiff quickly asked ~www.novelbuddy.com~ That's right. But this morning, Mr. President spoke to me personally. And repeatedly explained that the merger of Phoenix and Merrill should not involve a monopoly, the two sides are just ordinary business mergers and acquisitions! "

"president?!"

"Yes, the president has intervened! Obviously, your opponent has begun to prepare to counterattack, and has an advantage from the beginning!" Connelly said solemnly.

"Mrs. Snow, according to the constitution, members of the USTC are politically neutral. Even the president cannot directly interfere with your position!"

"Mr. Schiff, that's true. But we don't exist independently. We have families, we have relatives, we have friends. We need to think about them too. Also, the rest of the trade committee thinks the merger of Phoenix and Merrill is normal. business transactions. So even if I still support your strategy, it will not change the fact that the Trade Commission withdraws its antitrust investigation into the 'Phoenix and Merrill Lynch merger'!"