Chapter 711: Behind the Negotiation Table
Just as Boeing looked beyond Grumman, McDonnell Douglas and Boeing, it described the acquisition of McDonnell Dalwellwell as a feat to save the U.S. aviation industry. Pen × fun × Pavilion www. biquge。 info
It's a brilliant move.
The forces mobilized as a result are much higher than Boeing's own shirtless. Under the name of righteousness, Boeing has achieved twice the result with half the effort and is invincible, and it is really on par with Grumman, who holds the order of the century.
Philcondette's operation does look quite superb and breathtaking.
However, all of a sudden, the market changed, and this big selling order from an unknown source mercilessly suppressed Boeing's stock price.
If Boeing's stock price falls severely, the plan to merge McDonnell Douglas through a stock swap will go bankrupt. Really let Boeing come up with real money to buy McDouglas -- what's fun, are you Boeing sure you want to have more money than Grumman, who just got a head from the oil futures market?
If the stock falls severely, then Boeing will have to pay a bigger price to replace McDonnell Douglas shares. However, in this way, it will cause serious damage to the interests of Boeing's current shareholders.
If Schronz dared to do this, he would lose his position as president in a minute. Of course, Philcondit didn't want to continue his career at Boeing.
The U.S. corporate law clearly stipulates that the duty of a professional manager is to serve the maximization of shareholder returns. As for the development of the industry, professional ethics, and patriotism, can these things be eaten? Shareholders will not accept that their interests have been harmed on such grounds.
Therefore, if Boeing wants to succeed in acquiring McDonnell Douglas, it is necessary to ensure that Boeing's stock price remains high.
When it was discovered that the value of its stock began to fall, it was obvious that someone was sniping at Boeing's stock price, and Philcondit would inevitably have an ominous premonition.
Philcondit kept his composure and asked in a deep voice, "Who is attacking our stock price?"
The tired young man with red eyes shook his head and said, "This batch of stocks has been in place for a long time, and it has been quietly involved at least half a year ago, so it is not clear who is in the hands of it for the time being." But I've found a clue that should shed some light on the problem. The account of this batch of shares was opened in the Bank of America and China. ”
"American-Chinese Bank?American-Chinese Bank ......"
Philcondit silently read it twice, and a flash of lightning flashed through his mind!
"Chinese! The lender of New Railway Aviation Investment in the United States is the American-Chinese Bank, right? In recent years, the American-Chinese Bank has cooperated very closely with China's Xinke Group. There will be no mistake, it's just that half a year ago the Chinese began to buy Boeing shares, and we didn't even notice it?"
The young man nodded, gritted his teeth, and said, "Yes, Mr. Condit, the other party has plenty of time, and the Meihua Bank provides cover, so it can be carried out very covertly." Not only do they simply absorb stocks, but they also trade between their own accounts to disguise the amount of liquidity in the market. So even though we monitored the market, we didn't find any problems......"
Philcondit was silent for a moment, then asked, "How many chips do the Chinese have?" How much threat will it pose to Boeing's stock price?"
The young man pushed his glasses, thought for a while, and replied: "As long as we don't have problems ourselves, with the stocks in the hands of the Chinese, we can't have a long-term impact." The first task now is to obtain authorization from the Chief Financial Officer to use the capital reserves to acquire the shares. In fact, this is not a loss-making business, and the Chinese have pushed prices down a lot in order to suppress stock prices. After this turmoil, the rise in stock prices will actually generate gains. ”
In the final analysis, the fundamentals of the stock price of a long-established manufacturing company like Boeing are very solid. As long as there are no problems in the annual financial report, the business philosophy is not impacted, the management is not drastically changed, and the profit model is still strong, then the company's market valuation will not fluctuate significantly.
Even if it is through a large number of stock sales in a short period of time, Boeing's stock price will be suppressed. When you run out of ammunition, the market will still find that equilibrium in Boeing's share price and return to the past.
Boeing's stock value has risen because of its favorable decision to acquire McDonnell Douglas. As long as this strategy does not change, the fundamentals of the stock price will not change.
Purely technical indicators, which can only be used as a reference for short-term price movements. In the case of Boeing's acquisition of McDonnell Douglas, the decision-makers of the smallest units are also long-term strategic investors, and will not rely on short-term changes in stock value.
Of course, it's not okay for someone to kick the door in. Allowing stock prices to fall by listed companies can seriously undermine investor confidence. The biggest decisive factor in the stock market is investor confidence.
Philcondit nodded dryly, and asked the phone in the conference room to be moved: "I know, this will help me contact Ms. Hannah, the financial director, and I will come and talk to her about it in person." ”
……
"Stopping the Boeing stock price in the stock market is only the first step, and the rest is up to you. ”
Hu Jiefang stood at the door of the lounge and put away his mobile phone. After a while, there was a knock on the door and a shout outside.
"Comrade Hu Jiefang, the negotiations of the purchasing group are about to begin, please come to Conference Room No. 3 in the afternoon. ”
Hu Jiefang twisted the doorknob to push open the door, tidied up his suit, and nodded: "Okay Secretary Gong, I'll go over." ”
Negotiations between the Chinese delegation and the US business community and government have been going on for more than a month, and the Chinese New Year of these members can only be spent in the United States, but none of them complain about it.
Those who can stay in the United States to continue negotiations are already the backbone and elites selected by various industries in the country. The ministries and commissions have drawn out the elite soldiers and strong generals they can mobilize, and the lineup can be said to be unprecedented. The negotiations were divided into a series of meetings, with a procurement leadership team working with the U.S. government negotiating team to negotiate strategy and policy. There are also 20 or 30 negotiation teams in different fields, which are responsible for docking with the US industry and various financial groups.
The reason why the progress of the entire negotiation is so slow is precisely because the gap between the negotiation conditions between the two sides is too large and it is difficult to move forward in the strategic negotiation group. Hu Jiefang, as the deputy head of the negotiation team of the electronics industry group, is also a member of the procurement leading group. This afternoon's policy talks with the US government are predictably another arduous tug-of-war.
By the time Hu Jiefang made a few more phone calls and walked into the conference room, the negotiations were about to begin.
As negotiators from both sides arrived, the negotiators soon began their work.
"The 61st meeting of the Sino-US commercial procurement negotiations is now open. ”
In the negotiation conference room, which was so happy before, it instantly became tense. However, in fact, every change at the negotiating table has nothing to do with the negotiators' verbal and sword play, but needs to be promoted from the outside world.
A negotiator's mouth alone will never convince others to concede their interests.
The war in Iraq has been going on for more than two months, and the large-scale resistance has ended. However, for the US military, which is acting unilaterally, this war has only just begun.
The swamp of Iraq is gradually dragging the Americans who have stepped on it into the abyss.
In order to alleviate the cost of the U.S. occupation of Iraq, an important issue has been put on the chess board of international politics.
After the one-day war, Saddam's statement on peace and the fulfillment of UN resolutions played a significant role in not only forcing the US military into a corner.
De jure, Iraq is no longer the subject of sanctions under United Nations resolutions.
The Americans, having occupied the entire territory of Iraq, can, of course, theoretically control its entire power as a state. In reality, however, the state is made up of countless individuals, and it is impossible for the United States to control everyone in Iraq, let alone everyone in the world.
After the US military occupied Iraq, the image of Saint Saddam Hussein gradually became deeply rooted in the hearts of the people. Lone wolf attacks on U.S. forces after the war, or spontaneous retaliatory attacks by scattered Iraqi soldiers, left U.S. forces in occupied territories exhausted.
Against this backdrop, the underground arms market in the countries surrounding Iraq has suddenly flourished.
When the Americans issued a tough notice to Iran, Syria and other Arab League countries, asking them to control militaristic transactions with Iraq. The Arab League countries angrily threw the nullified UN resolution in the faces of American diplomats.
If the U.S. military wants to suppress the resistance in Iraq, it must cut off its sources of weapons outside its borders. However, after the invasion of Iraq just now, it is absolutely impossible for Bush to launch another military attack on other Arab League countries.
As for economic and diplomatic pressure......
In the face of the Arab League countries that are on fire on the Iraq issue, the Americans may not be so easy to speak now.
If the Arab League countries really want to do it have taken off the evil fire and raised oil weapons to the United States to be ruthless, it will be impossible to say who will sanction whom.
The Americans had to pinch their noses and return to the framework of the United Nations, first to obtain the name of righteousness, and then to justifiably demand that all countries impose a blockade and arms embargo on Iraq.
On the battlefield of the United Nations, China has always been known to be a "little transparent". Normally, apart from abstention in favor and abstention, the crucial "one-vote veto" power is rarely used on proposals from powerful countries such as the United States.
This time, however, the United States demanded a blockade bill against Iraq, but it was rare for it to receive two "one-vote vetoes" at the Security Council.
One was cast by the representative of the Soviet Union, which is not surprising, but the unilateral military action of the US military gave Gorbachev a big mouth.
And the other veto, no one expected, was actually voted by China.