Gu Wei's sincerity, strength and exposure finally made the most critical node in this acquisition case defect.

Wang An himself, after recognizing the despicable tactics of Edward Miller and Citibank, completely stood on Gu Ao's side.

Prior to this, Wang An was actually slightly inclined to Gu Biao emotionally and professionally.

It's just because the timing of Gu Biao's move happened to be at the juncture when Wang An Computer suffered a stock market crash and its market value fell seriously. made Wang An a little disgusted like swallowing flies, and felt that he was calculated by Gu Wei.

On the issue of "being controlled by Citi" or "being controlled by Gu Biao", Wang An himself has no ill feelings towards Gu Biao, what he hates is only the unfair price, which happens to have an accident at the bottom of the grain.

However, at this time, the problem of money is already secondary, and how to ensure the long-term survival of the foundation is the most important.

After Wang An made a decision in his heart, he analyzed: "I will find a way to use the exception clause to terminate Miller's reorganization." But don't think it's over. I'm just the first step for you, and the next step is to prevent Citibank from being a shareholder who doesn't care about anything, sitting there and enjoying the results. ”

"Of course I know that, and I'm not going to let those financial dogs take big deals. Gu Biao said in his heart.

Of course, he knew that Wang An's defection was not the end of this matter.

Because seizing Edward Miller's handle only made Citi give up appointing an airborne CEO to control the reorganization process, but could not directly make Citi give up its equity.

After Wang An officially terminated the reorganization agreement, the 45% of the company's equity was naturally changed from pledge to formal shareholding, that is to say, from this day on, Citibank was officially the largest shareholder holding 45% of Wang An's computer company.

However, because the largest shareholder always calculates to divide the company and sell its organs for a good price, it is notorious and harms the interests of minority shareholders, so it is unanimously opposed by the remaining shareholders who hold about 55% of the shares, so it cannot seize control of the company.

{Gu Biao currently holds 9% of Wang An's computer shares through the secondary market, Wang An himself also holds more than 20%, and the two people together own 30.} However, after Citigroup's ugly appearance was exposed, other shareholding executives of Wang An's company also stood on Wang An's side, and the total shareholding power could barely reach 50%, surpassing Citibank. This also includes some executives who can theoretically sell in the secondary market after the ban is lifted. }

However, if Gu Biao puts on a desperate posture to seize Wang An Computer and invest huge resources to reorganize Wang An Computer into the industry's first giant, Citibank obviously has a second hand, that is, to wait and see the changes, hold shares and do nothing, and enjoy the dividends after Gu Biao built Wang An.

This is also very disgusting, after all, Gu Biao relied on his own skills to save Wang An from the crisis, why let an American bank take the biggest share of the benefits.

However, Citibank still has a few reasons to win the sympathy of the industry, they can say:

"Back then, our bank pledged these shares and gave Wang An Róng Zī $1.5 billion in cash. Now, if we only get back $500 million or 600 million and get rid of it, how can we calculate the huge bad debt deficit of nearly $1 billion? We are not greedy, we don't expect you to make Wang An's computer bigger, we just want to get back what we deserve, you slowly reorganize, raise the stock price back three or four times, and let your buddies make a little profit after saving their capital, and it will not be too late for us to leave."

Gu Biao also believes that if the value of the 45% stake really rises back to $15 or even $2 billion from the current $400 million secondary market quotation, Citibank will really accept and sell the shares and go ashore.

People are not here to make investments, but to make pledge loans. They don't understand the tech industry and don't want to play all year round.

Technology stocks are too scary, a product replacement, the former giant will fall in an instant. This rollercoaster industry is not suitable for sound commercial banks, and at best it can only be played by investment banks.

But Gu Biao didn't even want Citi to get back the $1 billion loss.

He asked Citi to cut off directly at a low position, and admitted a net loss of 1 billion!

If this thing is done, the price and sequelae that will be paid, Gu Biao also thinks very clearly: after making this $1 billion, he will be on the blacklist of the top commercial banks in the United States.

From now on, his Gu Biao's company will no longer want to rely on equity pledges to raise funds from major American commercial banks, after all, Citi is afraid of you.

Of course, people don't mean that they don't accept any form of róng zī from you. If you want to róng zī, pledge fixed assets or other executable intangible assets. It's just that the collateral of equity is absolutely no longer collected.

Gu Biao was not impulsive, he completely understood all the possible consequences, and still insisted on doing so.

Because he didn't plan to go public at all, the equity could not be pledged for a few dollars. Since this is the case, we will completely wipe out the interests that can be blackened in the stock market with a ruthless attitude of cutting off the way back.

If we can make money, why should we go public and let the stock dog share our interests? Isn't it just that a company that can't make money and needs to make money is listed!

……

After understanding the above causes and effects, Gu Biao set up a situation with Wang An:

"The most critical information asymmetry now for Citibank to be completely willing to let go is that they don't know our true attitude. Although you and I have released our previous suspicions and want to do a good job in the company, Citi is not sure about this, so we can start the layout from two angles.

First of all, that is, I can put on a bold posture of great joy and youthful love to toss, and after getting control of the company, I want to change the brand of the company's computer products from Wang An to Tiankun Of course, you can rest assured, in fact, I will not do this, at best, this is just a temporary smoke bomb in the publicity and warm-up stage before the new generation of products are launched.

However, Citi has a good chance of believing that in that case, they will feel that 'I don't need to use Wang An's brand to run well, and I can also get the benefits of the acquisition', so that Citi continues to hold on to its equity, which is equivalent to empty consumption on a wrecked ship that is about to sink, and they are very likely to be scared away. ”

Gu Biao spent a lot of energy before, and privately proved to Wang An, "I will continue to do the brand of Wang An, I will not toss around, and I will not be happy."

But these proofs are all secret, only Wang An knows, and outsiders don't know.

What Gu Biao has to do now is to do one thing in the open and one thing in the dark. This set is overtly implemented in the opposite direction of the actual implementation in secret.

Really, the dark one is for Wang An to see. Clear, fake, for Citi.

A lie is told twice, to different people, in different contexts.

Oh, I'm sorry to say that I missed my mouth, but in fact, only the obvious one is a lie, and the dark one is the truth, not a lie. {I often see people talking about people, talking nonsense when I see ghosts, and I get confused when I lie too much.} In the future, if you lie, you should first make an outline and make a draft. }

Wang An was a little suspicious, but he still believed that Gu Biao's second lie was: "I will cooperate with this, and then what?"

"Then, it's all secondary, for example, you can also create some private rivalry between me and your family, off-the-court holidays, create I just want your business, but I don't bother to pass on your reputation, or I don't bother to take care of your family's future. ”

The second point that Gu Biao said was to let people let out the news and secretly expose the false contradiction between Wang Lie and him last year who was jealous of him to people in the financial circles.

If the people of Citibank feel that Gu Biao has a grudge against Wang Lie, they will definitely think that Gu Biao is not really good at managing Wang An's brand. He bought it only to hollow out Wang An's company, so that Citi would no longer dare to stay on this broken ship.

"Hehe, this kind of kid's trick is like playing at home. Wang An laughed.

Gu Biao responded with a smile: "Don't underestimate it, if I were an older generation entrepreneur like you, of course Citibank wouldn't believe these tricks." But I'm still young, young man, it's normal to be impulsive, that's my best disguise. ”

Wang An sighed: "I will also cooperate with this matter." Allena's little rabbit cub, a few old girlfriends are also hanging, and when I go back to Citibank, I will force him to get married. ”

Wang An's last statement was purely for himself. After all, the doctor said he had three or four years to live. Previously, he did not force his son to get married and have children, and let him hold his grandson, because he still had hope that his son would take over the company's business, and he didn't want his son to be distracted during the handover period of these critical years.

Now, since he has seen clearly that Wang Lie is not that material, of course, he must let Wang Lie get married and get a few grandchildren out, and take a few glances before Wang An takes his last breath.

"Then it's settled, I think the Citibank guys will take the bait soon. ”

……

Just three days after Gu Biao's secret collusion with Wang An, Wang An formally proposed to Citibank to suspend the reorganization agreement.

Because Edward Miller's fraud endangered the interests of minority shareholders and the long-term development of the company, the evidence was conclusive, and the request for suspension was successfully passed without any obstruction or change.

The 45% equity was officially converted from a conditional pledge to a normal equity held by Citibank. But because other shareholders united against Citi, Citi lost control of the company.

In the next week or two, the two sides engaged in a fierce game, and Citi repeatedly weighed whether to exit at a fairly good price, or wait for Gu Biao to reorganize, and if the reorganization results were good, it could make more money.

However, Gu Biao and Wang An's joint double reed plan was very successful, and Citi first hit the plan, believing that Gu Biao just wanted to hollow out Wang An's technology and talents, and did not want to sincerely operate Wang An's brand.

Wang An, who continues to stay without a controlling stake, is likely to sink with the broken ship in the end.

A few days later, Gu Biao and Wang Lie's jealous festivals were also hyped up in the top financial circles on Wall Street, although the scope of communication was very limited, basically only the super-rich in the industry and the helmsmen of commercial banks worth more than hundreds of millions of dollars knew about it.

This has further exacerbated Citibank's concerns.

Eventually, on November 11, 1987, Citibank relented when it saw that its stock price had recovered slightly and that the conditions offered by Gu Biao were very good. 6