Karl Icahn had never met Zhang Chen, but the face had long been imprinted in his mind.

Kar Icahn's pupils shrank, a blank look appeared on his face, and he asked knowingly: "An extraordinary general meeting of shareholders is being held here, and it is not a visit area, and unrelated personnel are not allowed to enter without being invited." ”

Zhang Chen smiled, and Shi Shiran walked to the rostrum, "Why should Mr. Karl Icahn behave like this, although you and I have never met, I believe that we are no strangers to each other." ”

When Carl Icahn heard this, his face couldn't help but sink, and he understood that Zhang Chen already knew that he was sniping Apple.

But it doesn't matter, this kind of thing itself can't help but be investigated, but Zhang Chen's reaction was a minute and a half faster than he expected.

Zhang Chen pulled out a chair and sat in the middle: "Ladies and gentlemen, let me introduce myself, I am Zack, maybe some of you have heard my name, from today onwards, it is a great company, and I am sincerely happy to be able to be a member of this big family like all of you." Marvel is having some difficulties right now, but looking back at all the crises that Marvel has encountered in its 59 years of existence, we should not despair about this today, every Marvel crisis has been followed by unprecedented rapid development, and I am sure this time will be no exception. ”

Karl Icahn was furious in his heart, "Mr. Zhang, although you have taken over Perelman's shares, your board seat has not yet been approved by the board of directors, please don't make a big fuss here, besides, this position is not something you can sit on if you want to, please stand up." ”

Zhang Chen showed a playful smile: "Oh? It seems that Mr. Carl Icahn has a negative attitude towards me entering the Marvel board of directors, by the way, just now you said that you want to compete for the position of chairman of the board, please start your campaign manifesto." ”

Zhang Chen's appearance completely disrupted Karl Icahn's deployment, but at this time, he could not afford not to fight. Perelman was originally the majority shareholder, and after Zhang Chen inherited Perelman's shares, he had two board seats, and if Zhang Chen was given time to prepare and let him smooth out the relationship between the board of directors and shareholders, he was afraid that he would face a more difficult situation.

It's better to win in chaos.

Karl Icahn took a deep breath and spread his hands in a chic manner: "Okay, but what Avi said just now is right, we should take a break first, and the shareholders also need time to sort out their thoughts, I suggest that the meeting be adjourned for the time being, and then continue after half an hour." ”

Zhang Chen shrugged his shoulders indispensably: "I'm fine." ”

Avi Arad breathed a sigh of relief, but he was still a little uneasy in his heart, this change was too big, and he also needed to digest it and analyze whether it was good or bad for Zhang Chen to join Marvel.

"The meeting is adjourned for the time being, there are refreshments in the corridor outside, everyone can take a break, and the meeting will resume in forty minutes. Avi Arad tapped the gavel in his hand and announced loudly.

"What the hell is your idea?" asked Karl Icahn as he walked briskly over to Perelman, who was chatting and laughing with the shareholders.

The shareholders left in amusement, and Perelman pretended to be puzzled with a cup of coffee: "I don't understand what you mean." ”

Carl Icahn said impatiently: "Forget it, Ronald, from the day I became a stockbroker for your father, I knew that you were a bad embryo and would not do a loss-making business, how could you transfer the shares to that Huaxia boy?"

Karl Icahn and Perelman are both Jewish, and Cal Icahn had known each other for many years as a financial advisor to Perelman's father, helping him manage some of his stock assets.

Perelman took a sip of coffee: "Quite simply, Cowyce will take over all of my claims and debts at Marvel, and take over the interests of Marvel's thirteen junk claims at 55% of the face value." ”

After Karl Icahn heard this, he was almost certain that Zhang Chen was coming for him.

It's a completely loss-making business.

It sounds like Zhang Chen took over Perelman's shares at no cost, but that's not the case.

It is not uncommon to see news on the news that a company is being sold for a dollar, and outsiders sometimes feel incredible, but in fact, the value of a company is only reflected in profits, and if it cannot be profitable, or if there is no hope of making a profit, the value of the company is actually negative.

Not being able to make a profit means losing money every day.

However, it is not so easy to close a company, especially a listed company, and there are many related legal issues, and the owners of the company often lose money to operate.

Perelman's bankruptcy restructuring plan, even if successful, would be nothing more than getting rid of debts, not so much to make huge profits as to avoid huge losses.

Zhang Chen is now taking over all of Perelman's claims and debts in Marvel, and Cal Icahn can also agree to this kind of condition by gritting his teeth, but taking over Perelman's Marvel's junk bonds at a price of 55% is obviously not within the scope of Karl Ikan's consideration.

This is the case with junk bonds, which have high yields, and in order to raise funds, hundreds of millions of dollars of junk bonds were issued at par prices.

With the bursting of the comic book collecting bubble, Marvel's junk debt quickly fell below par value, and at its lowest price was only about 20 percent of par value.

Now that Zhang Chen has taken over thirteen junk debts in Perelman's hands at 55% of the face price, Carl Icahn estimated in his heart that Zhang Chen would lose at least $40 million in this business.

Carl Icahn couldn't help but laugh, after all, he was a young man, he didn't understand the truth that business is business, and he wanted to get back to the field when he was sniped by himself, but the price was too great.

The more billionaires are, the less likely they are to do a money-losing business, let alone 40 million, a business that is destined to lose money, four dollars can't be done.

Seeing that Zhang Chen was whispering to Avirad, Karl Icahn's eyes flashed, and a smile appeared on the corner of his mouth.

"Compared to young people, we old people are too conservative, and it's really bold to make two big acquisitions at the same time. Karl Ikan Shi Ran walked to the two of them and said to Zhang Chen with a smile.

Being praised by others as having courage is not something to boast about on Wall Street, and its implication is often impulsive, blind, reckless, and mindless... Carl Icahn used this word to praise Zhang Chen, no matter how you listen to it, it is not a taste.

Zhang Chen carefully looked at Carl Icahn in front of him, the notorious Wall Street wolf had silver hair, and the deep furrow on his face indicated that he was no longer young. Although he is very old, he still maintains a good figure, and a dark purple silk scarf is inserted in the pocket of his well-fitting haute couture blazer, which looks extraordinary.

"It's still far worse than Mr. Icahn sniping at two companies at the same time. Zhang Chen raised his eyebrows and smiled indifferently.

Carl Icahn snorted twice: "No, it's different, for me, everything is business, and I won't be swayed by personal emotions." Carl Icahn paused, "Just as I judged that you wanted to buy Apple, so I ate Apple stock in advance." ”

What Carl Icahn said in front of Avi Arad was actually very negative, and the implication was to tell Avi Arad that Zhang Chen took over the Marvel shares in Perelman's hands in order to fight with himself, and he would not really manage Marvel with his heart. So as to win the support of Avi Arad and prevent Zhang Chen from gaining control of Marvel.

Sure enough, when Avi Arad heard the conversation between the two, he suddenly realized, and his face couldn't help but look worried.

When the dragons were leaderless, Avi Arad and Polmut, the former chairman of Marvel Entertainment, became the two most influential on the board of directors and shareholders' meetings. These two people are not only members of the same race, but also comrades-in-arms and colleagues, with deep friendships, and have always acted in concert on the board. Without their support, even if Zhang Chen becomes the largest shareholder of Marvel Entertainment, it will be difficult to truly control the company.

"You lost at least 40 million in the acquisition of Perelman's Marvel shares, and if you agree to my spin-off plan, you can lose at least 15 million less. Cal Icahn squinted, "How, think about it?"

Zhang Chen kept watching Carl Icahn's performance with a smile and drank the coffee in his hand, "I'm sorry, I refuse." ”

Carl Icahn shook his head unexpectedly and said with a smile: "Okay, understandable, however, I need to remind you that Marvel is a bottomless pit, and your loss of 40 million is just the beginning, maybe within two years, your loss will expand to 100 million dollars." To cost me $30 million at a cost of $100 million is really an expensive revenge plan. ”

Today is my birthday, I wish myself a happy birthday, this is to make up for yesterday's first shift, and there is a second shift in the evening.

br painting Tai Sui

(End of chapter)