Jamie Dimon never imagined that he had been delayed in Palo Alto for so long and had not been able to get a satisfactory answer.

It's been a week, and in this week, he's brought two legal stocks, three accountants, two analysts, oh, plus two or two followers, such a huge team, and he has met with Bellankefen three times, and he hasn't been able to gnaw off the bone of the tinder source.

Jamie Dimon had a headache, and he originally prepared three plans, in Chinese, that is, three strategies for the upper, middle and lower.

For the Travelers Group, the best policy is to directly transfer the shares of Salomon Brothers to the Travelers Group at or below the market price.

It may sound fantastical, but it's not impossible.

You know, the financial market is unpredictable, although it seems that bank stocks are generally strong now, but once the Financial Services Modernization Act is not passed by Congress, it will be immediately fed back to the stock market, and there is at least one to two months before the major banks release their earnings reports for the previous year, and this is the time to make a fuss.

It would be even better if the Travelers Group took advantage of the trend to short Salomon Brothers, and I believe that the small company will not be able to withstand the psychological pressure and will be forced to sell its shares.

Through investigation and analysis, he knew that Tinder used about 4.5 times leverage when he bought Solomon Brothers, that is, if the stock price was about 22.5% lower than his purchase price, it would touch the liquidation line of Tinder.

The current stock price is about 5% higher than when Zhang Chen bought it, although it rose 11% last month compared to November, but the Salomon brothers have been in a state of decline before, and Zhang Chen only does not lose or earn when he calculates interest.

If you want to force Zhang Chen to sell the shares in his hand, you don't need to pull down the shares of Solomon Brothers by 25%, you only need to make Huo Shiyuan think that it is possible to break the liquidation line, and you can do it.

Jamie Dimon had countless ways to keep the start-up company tired and suspicious, and when they were exhausted and had no confidence, they would naturally sell their shares to the Travelers Group at a low price.

The middle strategy is to let Tinder, as the largest shareholder of Salomon Brothers, agree to the overall takeover bid proposed by Travelers Group at the board meeting.

This is also the task that Sandy Vale gave to Jamie Dimon, and the reason why Jamie Dimon thinks this is the middle way is because he feels that the Tinder Source is too weak, not only in terms of financial weakness, but also in terms of scale and ability.

Haven't you heard of it, and it's said that it was just a department manager at Goldman Sachs?

Zack Chang had read in the newspapers that he seemed to be a teenager who made some money selling software, and it's not surprising that in places like Silicon Valley, there are similar stories every year.

If it's just to complete the tasks assigned by Sandywell, it's not Jamie Dimon's style, and since you want to do it, you have to do it well.

The acquisition of Salomon Brothers and the merger plan with Citigroup, apart from Sandywell, the only person who knows is Jamie Dimon, who is the specific planner and executor of this plan, and knows the huge benefits better than anyone else. If you can get the shares out of the hands of Tinder, why not?

As for the next strategy, it was only used when the negotiations completely collapsed, the board of directors of Salomon Brothers now has nine seats, Jamie Dimon has already secured three of the directors, and the other four directors have never been on good terms with the Traveler Group, Jamie Dimon didn't look for it at all, if he can get the board seat of Tinder, everything will naturally be solved, if he can't get it or Tindersource resolutely disagrees with the takeover offer of the Traveler Group, Jamie Dimon can only do the work of these four directors again.

In business, there is no unsolvable hatred, it depends on how much it costs.

But Jamie Dimon originally wanted to come over and take advantage of the Tinder, so how could he pay an extra price?

Jamie Dimon felt a little impetuous, he had no idea what medicine was being sold in the Belankefen gourd.

Jamie Dimon straightened his suit in front of the mirror, took a deep breath, and tried to calm himself, "What's the use of playing so many tricks." Jamie Dimon hinted at himself disdainfully in his heart.

The fourth time he came to Tinder's office east of Stanford, Jamie Dimon suddenly regretted why he didn't insist that Tinder go to New York or Minnesota to negotiate.

"Hey, Jamie, are your men here?

Jamie Dimon gave a contagious smile: "Laurald, I'm sorry, I just received notice that Sandy has an important meeting the day after tomorrow, so I must be back in Minnesota tomorrow." Looking at our schedule, it may be difficult for us to agree on key terms before I leave, so let's set the time for the follow-up negotiations, I'll go back first, and you can come to me when you have time. ”

Jamie Damon uses his own way to govern his body, since you are dragged by the fire source, then it depends on who can calm down.

Bellankefen smiled, "That's right, Jamie, we also have some comments that you need to bring back and report to Sandy." ”

Jamie Dimon had two ears on his back, and Bellankefen hadn't given that kind of clear feedback in the last few days. "Oh, in the Traveler Group, our business is completely within my purview, and it shouldn't alarm Sandy. ”

Bellankefen smiled: "Well, you listen, first, Tinder has no objection to the full acquisition of Solomon Brothers by the Traveler Group. ”

Jamie Dimon was overjoyed, and this was a good start.

"Second, Tinder agreed to enter the new company after the merger in the form of a share swap and contribute to the new company. ”

Jamie Damon changed slightly, not because the Traveler Group did not agree to the share exchange, but if Tinder chose to exchange shares in full, it would immediately become the top ten shareholders in the Traveler Group, and the voice in the group would be much greater.

Blancfin ignored Jamie Dimon, who wanted to stop talking, and pushed the glasses on the bridge of his nose: "After the acquisition, Tinder needs a board seat in the newly merged company. ”

Jamie Dimon blurted out, "Sorry, I can't agree. ”

It's so funny that this bald man said it so solemnly. There are 19 members on the board of directors of Voyager Group, and Sandy is now planning to reduce the number of board members in preparation for a future merger with Citigroup.

Blanciffen pressed his left hand, "Jamie, I'm not done yet. ”

Jamie Dimon calmed down, sneered at the corner of his mouth, and said, let's see what other delusions you have.

"After the merger, the new company should provide a loan of no less than $200 million to Tinder within three months, at an interest rate of 50% of the Fed's standard interest rate," Belrankefen said calmly. ”

(End of chapter)