Chapter 400: Wells Fargo

Henry personally designed the miniature version of the "Derpy Robot", leaving the rest to the company. In fact, Henry doesn't know if this mini "Robot Derpy" can sell well, after all, it is like a remote-controlled car, and the price is definitely not cheap, I am afraid that in addition to the rich, it is difficult for ordinary people to afford it.

When Henry returned home, he paid attention to the financial news. Not long ago, Wells Fargo hostilely acquired a rival in California, the First Intercontinental Banking Group, doubling its assets, bringing the bank's assets to $96 billion and its market value to $17 billion! Henry suddenly recalled that the original acquisition was completed in 1995-1996, probably because Henry also established a bank in California, which produced a butterfly effect and caused the time of the acquisition to be delayed!

Wells Fargo is a legendary bank with a terrifying record in business history: since its founding in 1852, there have been several wars, political turmoil, and financial crises, but in the nearly 150-year history of Wells Fargo, there has not been a single operating loss. And in the period from 2008 to 2011, even the acquisition of the United Bank (Wachovia) was completed. According to the data of the New York Stock Exchange on March 31, 2012, Wells Fargo's market capitalization reached $180 billion, making it the largest bank in the United States by market capitalization!

Even Warren Buffett is a major shareholder of Wells Fargo, and during the financial crisis, he even used his personal account to increase his position and buy a large number of Wells Fargo shares. In this 9/11 incident, Buffett bought a large number of Wells Fargo shares!

Obviously, Wells Fargo has great potential for development, and if you think about it, it will be a legend to be able to go 150 years without losing money! 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 and does not lose money, how can you lack money to spend?

It just so happens that Henry still has more than 300 billion dollars on hand, and the acquisition of Wells Fargo is completely trivial!

Immediately, Henry launched a takeover request to Wells Fargo, offering a wholly owned acquisition of $20 billion.

After receiving the news, the other party held a shareholders' meeting the next day. At the meeting, a large part agreed, but Warren Buffett was firmly opposed.

"Ladies and gentlemen, Wells Fargo has never lost money since its inception, it has grown very steadily, and it has been increasing its profitability every year. We can fully conclude that in three years, Wells Fargo will be worth well over $20 billion!! I strongly disagree with Henry Williams' acquisition of Wells Fargo!" Buffett said, glancing around at everyone.

Warren Buffett has a unique eye and is well-known in the investment circles! Otherwise, how could he be called the "God of Stocks"? As soon as he finished speaking, everyone echoed him.

That afternoon, Henry heard the news that the acquisition had been rejected. At the same time, he also inquired, and it was Buffett who obstructed it.

Henry frowned and muttered, "I don't believe that the other shareholders are not impressed...... I'll add another billion dollars!"

Henry asked Wells Fargo to immediately quote the latest price, but the result was still a rejection.

Henry didn't feel angry, "Okay, then you can't blame me for the hostile takeover!"

Wells Fargo has been established for 150 years and has a high stock float that makes it easy to absorb in the market. Wells Fargo's major shareholders and Warren Buffett's combined stake are not 30%.

Within a few days, Wells Fargo's trading volume increased dramatically, which immediately attracted the attention of many people.

Buffett said in a deep voice in the conference room of the headquarters of Wells Fargo: "This is Henry Williams playing tricks, he is preparing to buy Wells Fargo Bank hostilely, we must take action, we can't sit idly by and let him absorb shares from the stock market, otherwise, the company will become his sooner or later!"

"Mr. Buffett has a point, but we just made a hostile takeover of First Intercontinental Banking Group, and we don't have enough funds to ......," one shareholder shook his head.

"Yes!" the rest of the shareholders began to discuss.

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

Buffett remained silent until they were all quiet, and then he said: "Wells Fargo and Berkshire Hathaway join forces, maybe it will stop Henry Williams' hostile takeover! I will let Berkshire Hathaway snap up Wells Fargo shares on the stock market, as long as our shares have an absolute advantage, Henry Williams can only give up this action!"

"Oh, that's great!"

Everyone rejoiced.

Subsequently, as Wells Fargo, Berkshire Hathaway, and Henry all snapped up Wells Fargo shares, the stock price immediately skyrocketed.

"Wells Fargo's stock price is rising so fast!"

"How can there be a lot of buy orders for Wells Fargo shares, and what the hell is going on?"

A senior Wall Street analyst revealed: "Henry Williams failed to achieve his goal through a bona fide takeover, and could only buy shares of Wells Fargo in the stock market to gain control of the company." In order to resist the other party's behavior, Wells Fargo naturally also snapped up stocks from the stock market. Judging from the current situation, Wells Fargo's stock price will only get higher and higher, and I recommend that investors sell their shares after a while!"

At this time, newspapers reported that Henry had bought shares of Wells Fargo.

The Wall Street Journal said: "In the United States, Henry Williams already has Williams Bank of America, but this time he bought Wells Fargo in his personal capacity, and people can't help but wonder why not just let Williams Bank of America buy Wells Fargo? Or does Henry Williams feel that Wells Fargo has great potential for development, and he can make more profits by owning it alone? It can be seen from Williams's attitude towards Wells Fargo's acquisition that he is indeed very optimistic about Wells Fargo and wants to get an absolute controlling stake in the bank!"

Williams Manor.

"Mr. Williams, I originally thought that Wells Fargo had no funds, but I didn't expect Warren Buffett to suddenly intervene, and Berkshire Hathaway is competing with us for stocks!" said Charles, the head of the think tank, "Berkshire Hathaway has a lot of capital, plus Buffett and Wells Fargo originally held most of the shares, so the success rate of our acquisition of Wells Fargo is very small!"

Henry couldn't help frowning when he heard this, and muttered twice in his mouth that Warren Buffett and Berkshire Hathaway, and then said to Charles: "Charles, when the market value of Wells Fargo rises to $25 billion, we will sell our shares and we can't buy them, and we will make a profit from it! Since Buffett and Berkshire Hathaway want to intervene, let them make a bloody !!."

"Yes!"

(To be continued.) )