Chapter 533: Refusal and Exchange

……

Coming out of Roosevelt's house, Guo Shouyun called Rebecca Mark.

"Boss!"

"You haven't rested yet, have you?"

"No, I'm looking at the materials. ”

"Hmm... You take your team to New York, Unocal's PE round of fundraising, and I'm going to hold it here. ”

"Yes! I'll take care of the company's internal affairs and rush over tomorrow. ”

"Don't be in such a hurry, just get there before August 1st. ”

"Understood!"

"Okay, that's all I have to say. You should rest early!"

"Good night, boss!"

"Good night!"

When I got home, I turned on my computer and sent an email to Edward Kennedy, Jeb Bush, as well as David Rubinstein, CEO of The Carlyle Group, and Steve Schwartzman, CEO of the Blackstone Group. Inform the other party that the Unocal PE tender will be held in New York on August 1.

Just three minutes after he sent the email, his cell phone rang on the table.

"Bruce, I just read your email, you're planning to finance Unocal?"

"David, haven't you seen it already!"

"Hehe, I just wanted to confirm it from you for myself. ”

"Well, that's true. Now you can arrange your work and come to New York by August 1. ”

"Washington is no more than 380 kilometers from New York, and I can fly over it whenever you feel like you can. ”

Guo Shouyun smiled and did not reply.

"Bruce, what are your terms for Unocal's financing?"

"Now that international oil prices are high, the stocks of major oil companies are quite popular in the market. Therefore, if Unocal is listed, it should also achieve the same price point. However, considering that we are all friends, I wouldn't be too high. A P/E ratio of 22 times should not be too much, right?"

Benefiting from high oil prices, most of Exxon Mobil, ChevronTexaco, Continental Petroleum and other companies are trading at price-to-earnings ratios around 25. Each company will have some differences depending on revenue, profits, and liabilities. But it basically remains at this value. And it is foreseeable that with the lack of oil supply in Iraq, oil prices will rise as a whole as a seller's market is formed before the rest of the OPEC members adjust their output. The more oil reserves you have, the more popular your company's stock becomes. Obviously, in this regard, under the deliberate guidance of Guo Shouyun, Unocal, which has been expanding in terms of oil reserves, has the advantage.

"Bruce, you should understand that the P/E ratio is only an important factor in measuring the value of a company, not the whole factor. ”

"David, of course I understand that. However, it is reasonable for me to estimate the market capitalization of the company based on the price-to-earnings ratio. As for being more specific, according to persuasive assessments, wait until August 1st, and you'll see!"

"Then I'm looking forward to meeting you on August 1st!"

"Good!"

"One more thing. Google's financing has been dragging on for nearly half a year, aren't you ready to let go?"

"David, I think I've made this very clear. I'm not going to give a cent to the $24 billion valuation. Moreover, I will only wait until the end of this year, after which it will not be this price. ”

Now Google is 'a family with a woman and a hundred families', and he naturally dares to ask for a high price. As for the pressure on other fronts. After more than four years of layout and deliberate management, although his Guo Shouyun's connections and power are not yet top-notch, not everyone can handle them. He has the confidence and ability to wrestle with these financial giants.

"Bruce, if you're willing to give in, we can help you in other ways!"

"Oh, tell me about it?" Guo Shouyun said with interest.

"I know that Phoenix is now planning to merge with National City Bank, and if you promise to compromise on Google's financing, the Carlyle Group can use our own influence on the Board of Directors of National City Bank to help you do that. ”

"Carlyle is also a shareholder in CNB?"

"We hold a 3.7% stake and have one board seat. ”

"I see. However, it is not needed for the time being. Phoenix isn't just an option for National City Bank. We are also in contact with Indy Make, 53 Bank, and regional financial companies, and we believe that with the qualifications of Phoenix Company, we have no shortage of partners. ”

"Bruce, don't you really think about it?"

"David, I don't want to trade Google's interests for Phoenix's future, and I think you should understand the drawbacks of this way of doing business. ”

"Okay!" After hearing the firmness in Guo Shouyun's tone, David Rubinstein, although he was angry because of his stubbornness, could only hold his anger in his heart and hide his depression for the sake of the cooperation between the two sides and the future of the Carlyle Group.

“… If you change your mind, you can always call me. ”

"It's good!"

Guo Shouyun did not refuse.

"Well, good night!"

"Good night!"

Hanging up the phone, Guo Shouyun shook his head after a brief consideration.

As Google continues to grow, their anxiety is also increasing, and their original insistence has gradually begun to waver... Perhaps, Harvey Morgan's stake in him would be a good catalyst. ”

After printing a copy of the 2003 interim report of Google and Ruby in his computer, Guo Shouyun went to bed.

The next day, after Guo Shouyun called, Harvey Morgan arrived quickly.

"Why, Mr. Frederick didn't come this time?"

"My father is just advising me. Investing in Google and Ruby was my own idea. ”

Guo Shouyun nodded with a smile and handed over the information he had prepared before.

"This is the 2003 interim financial statements of Google and Ruby, you can take a look. ”

Harvey Morgan, who looked expectant, took it and looked at it seriously in front of him.

Seeing that he was so devoted, Guo Shouyun didn't bother, holding his teacup, tasting it while waiting for him. After half an hour passed, Harvey Morgan took a deep breath and said happily: "Mr. Guo, the performance of Google and Ruby is even better than I expected, and it is my honor to invest in such an excellent company!"

"If you're satisfied, it's fine. However, 5% of ConocoPhillips shares can not get 3% of Google's shares and Ruby's 5% shares. ”

"I can add more shares in ConocoPhillips...!"

"Mr. Morgan, I only need 5% of ConocoPhillips' shares!" Guo Shouyun interrupted.

"But Mr. Guo promised me that I would give me 5% of the equity of Ruby, and I want to do what you promised, I won't fail to count, right?"

If at the beginning, he invested in Google and Ruby only because he was optimistic about the future development of the Internet industry, which happened to be the top companies in the Internet industry. So now that he has read the interim statements of Ruby and Google, combined with the operating information of the two companies that he knows privately, he has strengthened his mind to take more equity in the two companies.

It's a pity that 5% of ConocoPhillips' equity is all the support the family has given themselves. But it doesn't matter, he can take credit from his father first, and then repay it when the two companies go public in the future, and when the time is right, he will cash out. In addition, even if he is rejected by his father, he can get funds or shares from financial institutions with the golden sign of the Morgan family. In short, as long as you work hard, the problem can always be solved. But if you miss the opportunity, you won't necessarily have it again.

Harvey Morgan, who has been investigated, knows very well the value of the original shares of Google and Ruby in the hearts of the CEOs of various investment companies.

"Of course, I said yes, but I also said that I only want a 5% stake in ConocoPhillips. ”

"Mr. Guo, I can make up for it with another company share. National City Bank, BlackBerry, Goldman Sachs...!"

Guo Shouyun interrupted him with a wave of his hand, "I'm sorry, Mr. Morgan. I don't need any of these companies you mentioned. ”

At this stage, the bureau he should set up is basically set up. The development of various companies is in good condition, except for Phoenix Company and Matrix, there is no need to use mergers and acquisitions to expand the scale of the company for the time being.

As for the news of Phoenix's merger with National City Bank, Stephen Bryan's attitude has softened since they began to contact the rest of the banks. I believe that it is not far from the signing of the contract.

The Matrix acquires MGM, which is already a leaky broken jar. Being acquired is an outcome that it cannot change. Such a company, if Guo Shouyun needs to use Ruby's equity in exchange, then he himself feels incompetent!

And, if you really want to expand, what better way to do it than during the subprime mortgage crisis?

Therefore, for companies such as Guo's and Pacific Energy, Guo Shouyun's plan is to develop step by step, accumulate funds and strength, integrate the company's internal system, improve the corporate culture and management mechanism, and wait for the time to come.

In four years, under his leadership, I believe that the strength of each company will reach a higher level.

Seeing his firm attitude, Harvey Morgan opened his mouth and sighed helplessly.

"If I had made the decision to invest in ruby and Google earlier, I probably wouldn't be in the same problem as I am today. ”

"Earlier, the scale and future of Google and Ruby may not make you decide to come up with such conditions. ”

"Haha, that's true. Speaking of which, after listening to your speech at the Chinese University of Hong Kong, I really had a clearer understanding of the future of the Internet and decided to invest in the Internet. ”

"Mr. Morgan, there are a lot of Internet companies in Silicon Valley, and in addition to Ruby and Google, you can also invest in companies like Netflix, Amazon, eBay, etc. ”

Harvey Morgan shook his head, "Mr. Guo is also a genius in the financial industry, I believe he must be clear." The best time to invest in a company is when it is start-up. If you miss it, there are still original shares to choose from. Otherwise, when it goes public, the rate of return will be much lower. So, under the same conditions, I prefer to choose Ruby and Google. ”