Chapter 214: Refusal to budge

……

"Whoa...!"

Looking at Guo Shouyun who was flipping through the documents, Stephen Bryan, John Schwartzman, Paul Turner, and Yoria Mo Yin exchanged glances with each other, and then focused their attention on the young man with a serious and serious expression in the middle.

After reading the complicated acquisition agreements of the two companies in Pacific and Southern California, Guo Shouyun put down the information, straightened out a few points of concern in his mind, and looked up at everyone.

"I agree with the total purchase price of $2.2 billion for Southern California Edison Power. But Pacific Power & Gas' $3.58 billion price is too high. Their losses have reached $13.8 billion, and they are almost on the verge of collapse. I don't think that's in line with what they're worth right now. Moreover, each company had a loan due in May, which combined for $1.52 billion. If this loan is included, my acquisition price will be higher. So... Pacific Power & Gas deserves a more reasonable price point. ”

After the four of them exchanged opinions, "Then what does Mr. Guo think is the more reasonable price?"

"$2.5 billion at most, it can't be higher!"

Guo Shouyun said directly.

"Mr. Guo, you should understand that Pacific Power and Natural Gas has 112,000 transmission miles, 49 transmission switching substations, 506 distribution stations, and 15,400 interconnected transmission lines and 72 transmission substations. The natural gas system includes approximately 32,800 miles of distribution pipelines, approximately 5,700 miles of backbone networks and local transmission pipelines, and various storage facilities. It is also the largest electric utility company in the United States with 21 power plants such as nuclear energy, hydropower, fossil fuels, and solar photovoltaics, and a power generation capacity of 10.37 million kilowatt hours. Although she is now facing difficulties, the price of $2.5 billion is less than its actual value, and the shareholders and management of Pacific will never agree to it!" John Schwartzman shook his head.

After glancing at him, Guo Shouyun actually knew in his heart that even if there was room for price reduction. These Wall Street giants, who have been calculating themselves, may not be serious about it. However, judging from the feedback from George Davis, the lawyer who participated in the entire acquisition negotiation on his behalf, Paul Lehman, the head of the PE department of Phoenix Capital, and Kane Warner, Qin Zhicheng's deputy, Goldman Sachs and Morgan were still responsible in all the negotiations.

"Mr. Schwartzman, that's why I'm making an offer of $2.5 billion. Otherwise, why would I spend a huge amount of money to buy a company that is on the verge of bankruptcy?" Guo Shouyun was unmoved.

Now it is not he who is really in a hurry, but the shareholders of Pacific Power and Gas. Because once a company goes bankrupt, the first thing that needs to be repaid must be employee wages and pensions, followed by bank loans and corporate bonds issued by the company. As for stocks, if you're lucky, you can get some back, and if you're unlucky, you'll not be worth a penny.

Looking at Guo Shouyun, who had a resolute attitude, John Schwartzman couldn't help frowning. It's late April, and the implementation of the entire Hound Dog Program has dragged on for too long, and as the target continues to grow stronger, the feasibility of the plan is gradually decreasing. He... It's already getting a little anxious.

"Mr. Guo has a lot of money, and if we can add a little bit to the $2.5 billion, I think we will be more confident that we will be able to convince the shareholders and management of Pacific. Paul Turner.

"I'm sorry, $2.5 billion is my final price, and if Pacific shareholders and management feel that they can't accept it, then I'm willing to give up Pacific and buy only Southern California!" Guo Shouyun said directly.

Anyway, now that the controlling stake in Apple, which he values the most, is in hand, as for Southern California and the Pacific, he is not so anxious.

"Mr. Guo, if you abandon the acquisition, you will have to pay at least $200 million in liquidated damages!" said Yolia Moyin.

"I know. But the $200 million loss is smaller than the innocent investment of nearly $1 billion. Guo Shouyun shrugged.

For his lack of oil and salt, Stephen Bryan and John Schwartzman frowned in unison.

It is clear that the meeting has gone on at this point. Stephen Bryan and others, who were going to discuss new measures, proposed to adjourn the meeting. Guo Shouyun didn't say much about this, and personally sent them out of the headquarters of Phoenix Company in Manhattan, New York.

"Boss, are you really planning to give up on the Pacific acquisition?" asked William Chang.

"Of course not!"

Guo Shouyun shook his head, "At the beginning, I promised in front of all the California legislators that I would bring changes to California's public utilities, if I give up now, I won't break my promise!"

"And what did you just be...?"

"This is a research report that I asked people to do in the Pacific Company, you can see it when you look at it!"

After taking the information in Guo Shouyun's hand and carefully flipping through it, William Zhang was surprised: "Has Pacific Company been embarrassed to this situation?"

"Pacific employees haven't been paid for three months, which means it's already struggling with its internal funds, and maybe the utilities giant will collapse in the next second. So, if I were one of his shareholders, I would definitely sell the stop loss when the company's stock was still worth some money. ”

William Chang nodded in agreement.

"What happened to the ISHARES acquisition?" asked Guo Shouyun instead.

"Carol Rusmi has promised to sell us his 47.8 percent stake in ISHARES for $580 million. The agreement has now been initialled and the formal contract was signed on 28 April. ”

"Winning Carol Lusmi's equity, plus the 10.3% we now have in our hands, the acquisition of ISHARES is mostly complete!"

"Yes!"

William Zhang nodded, he knew that for ISHARES, Guo Shouyun wanted a wholly-owned acquisition.

"That's right, boss. Carol Lusmie would like to meet you!"

"Meet?"

William Chang nodded affirmatively.

"Do you know why?"

"I don't know yet, but he once asked me about the Thunder!"

Guo Shouyun smiled and nodded, "It seems that the golden egg of Thunder is becoming more and more attractive." ”

"It's not just the Thunder, after Carol Lusimi retires, counting the money he earns from us, he has more than 800 million funds in his hands, and this money obviously will not be put in the bank. ”

"What, you want to make an asset management plan for him?" Guo Shouyun said.

"Of course, that's what we do. Moreover, I also believe that the boss can pull this customer!"

"You guy, you always want to make up your mind on me!" Guo Shouyun said with a smile.

"Hehe, who makes the boss strong and charismatic!"

"For your permissive boast, I agreed. You can arrange the specific time!"

"Yes!"

After learning about the specific operation of Phoenix Company from William Chang, Guo Shouyun returned to his residence in New York.

Accompanied by Rudy Müller, he walked into the underground storage room and looked at the oil painting "The Savior", which had been completely restored and completely transformed into one of the sixteen original works of Leonardo da Vinci, with a look of admiration on his face.

"The boss, Professor Parson Fred said that the art level of this painting is very high, and it is possible that it is the original work of Leonardo da Vinci, so he hopes that you can invite an expert in this field to do a professional appraisal of it. Rudy Mueller said.

Guo Shouyun nodded, of course he knew the authenticity of this painting. However, to truly change the value of the painting, it is not only his approval that is required.

"Professor Fred is an expert in this area, and he asked him to recommend some scholars and experts who have in-depth research on Leonardo da Vinci's works, and we will pay for the expenses!"

"Understood!"

At this moment, Guo Shouyun's mobile phone rang. Press the answer button, and Wendy's voice comes over.

"Boss, Qin is here!"

"Take him to the study, I'll be up soon!"

"Rudy, the identification and protection of Salvator Mundi is still in your charge, and you will notify me in time if something happens. ”

After nodding, there was a look on his face that wanted to say something.

"What, what's the matter?"

"Boss, can I go to Yulin Island after the identification of "Savior Mundi" is completed?"

Rather than wasting time here all day with almost nothing to do, he prefers the life of Yulin Island, which is similar to that of a military service. What's even more infuriating is that Matthew, the bastard, sends a majestic photo of him training those novices in his mailbox every day, which is unbearable.

"Yes. ”

He could guess Rudy's thoughts, so he didn't refuse.

"Thank you boss!"

"No need, just do the work I gave you. ”

"Don't worry, I'll take good care of this painting. Rudy patted his chest and said confidently.

……

When I came to the study, the first thing I saw was Wendy standing aside. The beautiful woman in a black professional outfit and a white lapel shirt is still tall, plump and beautiful, and her expression is the same as before. But Guo Shouyun saw a trace of sadness in her eyes.

Of course he knew the source of this grief, but he couldn't change it. After all, there is only one person who can be his wife.

"Boss!"

Qin Zhicheng's greeting interrupted Guo Shouyun's complicated emotions in his heart.

"Sit down!"

After waving her hand and taking a seat on the sofa in the reception area, Wendy served tea to the two of them, then turned and walked out.

After glancing at her back, Guo Shouyun cleaned up his mood and said, "What is the amount of 'credit default swap' bonds in your hand now?"

"At present, there are 2.49 billion US dollars, of which 1.32 billion are for WorldCom, 740 million are for Arthur Andersen, and Enron is the least, only 430 million US dollars. All of them are triple-A bonds with the highest creditworthiness. ”

"Who is the seller?" Guo Shouyun said

"AIG accounts for 80 percent, and the rest is mainly Indymac Bank and Midland Bank. ”

After nodding clearly, "Don't give all the remaining 'credit default swaps' to AIG, ******, Citigroup, and Bank of America should also buy more to diversify the risk!"