Chapter 1244: Wickedness, God, Take Him Away! (40/66)
In the evening, Andy walked out of the Gaia Building under the escort of bodyguards, and across the road was a crowd of protesters holding various signs, and not far from the sidewalk there were dozens of protesters with white areas and white signs covering their bodies with corpses.
In the United States, a significant number of people believe that the U.S. government's bailout plan has benefited Wall Street speculators, the originators of the crisis.
Andy frowned slightly, shook his head, and got into the Maybach car, hearing that the protests on Wall Street were even more serious, and the protesters in black clothes and white masks had already filled the vicinity of the bull sculpture, and according to the news, they would hold a demonstration tomorrow.
Andy knows that the seeds of 'Occupy Wall Street' have been planted, and as time goes by, it will continue to rise wildly, and Wall Street seems to become more and more chaotic, and he is a little helpless about this, after all, Lehman Tower now belongs to him, and Lehman went bankrupt, causing many people to suffer heavy losses, these people appeared in front of the original Lehman Building to protest, what can he say.
The security situation seems to have become grim all of a sudden, and the United States, which is flooded with guns, may encounter some kind of neurosis, to be honest, if it weren't for the NBCUniversal merger and acquisition, he would never have stayed in New York now.
As Andy guessed, late at night on the 29th, after the new tax law is no longer a secret, this new rule will also allow Wells Fargo to deduct the shrinkage of the book value of Midland Bank's assets from Wells Fargo's income, which will save billions of dollars in taxes for the merged bank!
Wells Fargo's CEO, Richard Kovacevic, immediately called Steele, the president of Midland, who had reached a deal deal with Citigroup, and offered a price of $7 per share, which is much more generous than the price of $1 per share to swallow Citibank.
The Midland board of directors immediately decided not to hesitate to default with Citigroup, and chose to be ready to throw itself into the arms of rich countries!
The battle between Wells Fargo and Citibank is officially staged!
The tide of events was reversed on 3 October. On this day, Wells Fargo announced that it would exchange Midland Bank shares at a ratio of 0.1991:1 to buy Midland Bank in its entirety, without the need for government agency support. Wells Fargo's proposed acquisition was approved by the Board of Directors of Midland Bank.
Just minutes after the two sides reached the acquisition agreement, Citi immediately issued a statement on the matter, taking a tough stance, accusing Midland Bank of violating the previous exclusivity agreement with Citi, and demanding that Midland Bank and Wells Fargo suspend the cooperation and not make any further transactions.
Subsequently, Citi applied to a New York court for an interim injunction restraining Wells Fargo and Midland from trading until the court ruled otherwise.
At the same time, the U.S. stock market continued to plummet as the $700 billion asset rescue plan returned to the House of Representatives for a vote and could not pass it again.
It was this kind of time when the entire U.S. financial market was in huge trouble that Andy Smith and Warren Buffett joined forces. Not only for the sake of interests, but also for the need for patriotism, but also for the still unstable market!
In the hall of Rockefeller Center in New York, hundreds of reporters raised their cameras to take pictures frantically, Andy Smith, Warren Buffett, and General Electric CEO Jeff sat on the rostrum in a white sea of light.
"Mr. Buffett will purchase $3 billion of GE preferred stock at an annual dividend rate of 10%. He was also given the right to purchase $3 billion of GE common stock for $22.25 per share.
Mr. Smith will purchase $3 billion of GE common stock for $22.25 per share... ”
As the CEO, Jeff began to talk endlessly to the reporters below with a calm smile, all kinds of boasting about the excellence of General Electric, boasting about Andy and Warren, for which Andy smiled indifferently and calmly.
After all, GE's stock price is still at $24.75, and it is still very interesting to be able to buy $3 billion of common shares cheaply, but ordinary shares can be traded at any time.
As for whether the sell-off will make General Electric vomit blood, that is not something that Andy should consider, no one will let their money go down the drain, and interests come first.
Listening to Warren Buffett's praise of GE like a flower, Andy also smiled in his heart, he knew better than anyone that the real destructive power of the financial turmoil had not yet been finally shown.
From November 2008 to March 2009, these five months will be the darkest hour of the global economy, and now it is only hell, after which everyone will understand that hell has eighteen layers underground...
"Mr. Smith, there are rumors that you are secretly in contact with General Electric to seek a merger and acquisition of NBCUniversal, may I ask, is this rumor true?"
As soon as the reporter's question was thrown out, the scene was immediately in an uproar, buzzing discussions, and the faint smile on Andy's face did not disappear, and he didn't seem surprised at all, because the news was deliberately released by General Electric, and Andy agreed.
Of course, in order to prevent Cheng from biting Jin halfway and forgetting his interests with General Electric, Andy will naturally guard against General Electric and sign an exclusive agreement, so that Andy agreed to General Electric to release the news to stimulate GE's stock price.
"Hehe, you're a rumor, it's a secret, I'm curious, since it's a secret contact, where did you get the rumor? It seems that the reporters in New York are really pervasive, the rumors are right, it's not a secret, I do intend to acquire NBCUniversal, and the negotiations with General Electric are also going on in an orderly manner.
It's no secret that I have an ideal of a media kingdom, and everyone here knows it well, whether it's from the original New York Observer, to Newsweek, Hollywood's Summit Entertainment, AMC Cable, Marvel Corporation, Bloomberg's News Corp., and other companies, all of them are the pieces of my media kingdom puzzle.
Starting from scratch requires a lot of energy, time and money, and a lot more to scale and impact, and the idea of acquiring NBCUniversal came about when I was playing golf with Jeff.
GE wants to return to the path of core industries, and NBCUniversal has become a white elephant, one needs capital, the other needs to expand the business, and complete the ideal, because each takes what he needs, and a major deal is naturally so easy to hit. ”
Wow –
When the audience was in an uproar, and all kinds of questions were shouted one after another, Andy ignored the noise of these reporters, and directly suppressed the chaotic scene loudly and said: "As for the details, you don't need to know now, after all, you are still negotiating, and you will know when the transaction is completed." ”
The press conference ended in a noisy and general electric's stock price began to rise against the market as expected, while Washington's $700 billion asset rescue plan was voted on in the House of Representatives, which was passed by 263 votes to 171.
At 2:30 p.m. on the same day, President Bush signed the bill, which took effect. However, at this time, more people in the United States were shocked by the news that Andy Smith was going to annex the media empire of NBCUniversal.
If the deal goes through, it means owning a huge media empire such as NBC, Universal Pictures, CNBC, MSNB, Syfy, USA and Bravo cable, merging all the media power in Andy's hands into a single supergiant.
And Andy Smith, a 25-year-old young man, will become the youngest king of the media empire, determining the time spent in one-third of Americans' home lives.
All of a sudden, the whole of Hollywood fell into a state of amazement, the shadow of the big devil will completely envelop Hollywood, the entire American media industry is shaken, and other competitors will have to re-attach importance to NBC, which has become the last salted fish, and the people of the whole United States are even more shocked by this, O demon, God, take him away!