Chapter 215: The Snake Swallows the Elephant
Wall Street, Travelers Group
Markwell is thirty-eight years old, and as the only son of Sandywell, president of the Travelers Group, the first half of his life can be described as a smooth sail.
As one of the largest investment banks in the United States, the prince of Travelers Group has tens of billions of dollars in liquids in his hands. Every breath is the smell of dollars.
Unlike his shrewd and disciplined father, Markwell likes wine and beauty, and he is well-dressed and angry.
Every night, he spent almost every night at various parties, waking up every day with different girls, well, sometimes more than one.
But today, instead of arriving at the office at eleven a.m. as usual, Markwell entered the office with two large dark circles under his eyes and yawning.
"Hey, Shania, how did you sleep last night?" Markwell saw Daddy's secretary Shania in the pantry, his eyes lit up, and he leaned over.
Shania was accustomed to the harassment of Markwell from time to time, so she dodged away from Markwell's outstretched groping hand, and said nonchalantly: "Yes, but you don't seem to sleep very well." β
Markwell snorted, "Of course it's not good without you." After that, he looked around and whispered to Shania, "Is Daddy here?"
Shania smiled and said, "Are you worried too?
Sandyvale was amused by the fact that he set up a sign in front of his office with a colorful light on it that said, "The president is not happy." β
But if he's in a good mood and presses the switch on the back of the sign, the current will bypass the word "no" and become "The president is happy." His subordinates only had to look at the light sign to know how Sandywell was feeling right now, so as to avoid being sprayed in the style of a "hair dryer".
Markwell sneered, "Daddy has been gaining weight again lately, and he gets fat before every major move, and his temper has become very stinky. β
Shania tilted her head and thought, "You are in charge of the business of the Solomon brothers, right?"
Markwell nodded, "Yes." This company's stock has been plummeting lately, I've sold some of it, is there a problem?"
Shania bared a few teeth and smiled, "Be prepared." β
Markwell understood, patted Shania's buttocks, and said closely, "I'll thank you." β
Shania quietly pushed Markwell away, "I hope not in the way you're good at." β
Markwell shrugged, his appearance was still good, and his smile was also very dandy.
The Travelers Group's management meeting is held every week, and people from all departments report directly to Sandivale on the results of the previous week and the plans for the week. So every Monday morning is called Devil's Monday.
As the crown prince, although Markwell is not as nervous as others, he is also a little weak when facing Sandywell. Sandievale is definitely a loving father at home, but in the company, he is an absolute tyrant. Even Mark has been scolded out of the office by him many times.
"Mark, tell me about the recent situation with Brother Solomon. Sandyvale said magnetically.
"Last week, Salomon Brothers' stock price fell from $13.25 at the beginning of the week to $12.12 at the end of the week, and we sold 1 million shares of Salomon Brothers at $12.25 on Wednesday. Due to the impact of the just-released last quarter's earnings report, Salomon Brothers' overall valuation has fallen to less than $8 billion. Through the news just revealed, Warren Buffett's Berkshire Hathaway has just sold 1.2 million shares of Salomon Brothers. The negative news will ferment further, and the value of Salomon Brothers' stock will fall further. If nothing else, Salomon Brothers' stock will fall below $10 by the end of the year. β
Sandyvale was noncommittal: "Who's the buyer?"
Markwell secretly said in his heart, fortunately he did his homework, and said calmly: "It's a small company on the West Coast, called Tinder, and they have now eaten 2.8 million shares of Salomon Brothers, of which 850,000 shares come from William Moore's transfer. In terms of capital movement, they should have used twice the leverage. Judging from their current trading methods, it is likely that Tinder will continue to buy Salomon Brothers shares on the open market, and if their stake exceeds 0.78%, it will likely win a seat on Salomon Brothers' board of directors. β
Sandyvale nodded, "Well done, stay tuned." β
JP Morgan expects to issue $80 million in financial bonds next weekγγγγγγ β
"Last week's performance in the life insurance division was 13% higher than the same period last yearγγγγγγ β
"The tender offer for Ron Connor has been agreedγγγγγγ β
On the surface, Sandwell listened carefully to his subordinates' reports, but in his heart, he was thinking, "It's time to do itγγγγγγ β
Unlike Sandywell's calm and leisurely, Blancfin was furious, and now nearly half of the book funds of Tinder Source have been removed by Zhang Chen to buy some bullshit Solomon Brothers' junk stock.
Mr. Belankefen made a phone call to Mr. Zhang and expressed his hard-line position as never before β he had to be given a reasonable explanation, or he would not have agreed to spend a penny on Salomon Brothers' stock, or he would resign.
As the president of Tinder, Bellankefen naturally has the right to express his opinions, and Zhang Chen is also very understanding and very pleased.
If a president does not stop the boss's "chaotic life", it is useless to ask for this professional manager.
Zhang Chen's attempt against the Solomon brothers inevitably requires the cooperation of Bellankefen. Moreover, Frankfen brought Tommy Brown, one of the first-class traders on Wall Street, to do specific trading work for Tinder, which saved Zhang Chen a lot of costs. Zhang Chen thought about it for a while and decided to reveal a little news to Bellankefen.
Zhang Chen's trust in Bellankefen comes from his understanding of the future of Berlankefen, the future president and CEO of Goldman Sachs, who has been conscientious and has never committed any malfeasance in Goldman Sachs for more than 30 years.
"Lauerde, I'll tell you a piece of news, I'm sure you'll keep your mouth shut. Zhang Chen said slowly.
Bellankefen was stunned, "Of course." β
Zhang Chen said word by word: "Sandywell's Travelers Group is seeking to merge Salomon Brothers, and the merger is expected to cost more than $9 billion. β
The news was like a bolt from the blue, and after a long time, Belankefen cautiously said, "Is this true?"
Zhang Chen's voice came from the phone, and it seemed a little ethereal: "If I didn't have a definite message, I wouldn't have made such a big bet, so we must seek a seat on the board of directors of Salomon Brothers." Once Sandyvale successfully acquired Salomon Brothers, it would be logical for us to seek a seat on the board of directors within the Retraveller Group. I know it's hard, but I'm more confident in your abilities. β
Frank Finvu couldn't believe it, "Why did Sandywell buy Salomon Brothers? β
Zhang Chen chuckled: "Do you think that when he bought Travelers Insurance four years ago, it had something to do with his stock business at that time? And recently he spent $4 billion to acquire Inate Insurance." I suspect that he was seeking collateral for the acquisition of Salomon Brothers. β
Belankefen was speechless by the shocking news, and when she thought about it, several recent acquisitions by the Traveler Group were indeed unusual, as if they were planning some big moves.
Frankfin said cautiously: "Judging from the methods that Sandivie has always done, it may not be impossible. But I still don't understand why Sandyvale bought Solomon. β
Zhang Chen said with a smile: "If you draw a picture, you can know that the bond business currently operated by Salomon Brothers just makes up for the last shortcoming of the Traveler Group in the financial business. If he buys Salomon Brothers, he will become the second-largest investment bank in the United States. And, I reckon Sandyvale's ambitions don't stop there. β
Blancfin stammered: "The ambition is more than that?
Zhang Chen smiled and didn't speak, more than a year later, the merger of Travelers Group and Citibank shocked the entire capital market, Citibank reorganized into Citigroup, and Sandyvale became one of the two CEOs of the newly formed Citigroup, and had the last laugh.
As for these, there is no need to tell Bellankefen for the time being.
Zhang Chen's real goal is Citi.
Today's birthday, I want to accompany my mother, after all, my son's birthday is my mother's Good Friday, and only this one is more~~~~
(End of chapter)