This is not the first time Zhang Chen has heard the name Carl Icahn.

To be precise, before he was reborn, he had a considerable understanding of the real wolf of Wall Street and the king of hostile takeovers.

When the "Wanbao Dispute" broke out, in order to enrich interpersonal relationships, Zhang Chen was studying for his second MBA, and of course he talked about this hostile takeover case with the greatest impact in China.

The greatest contribution of the "Wanbao Dispute" is to popularize the professional term "poison pill" in the acquisition industry to the Chinese people.

mentioned Wanke's "poison pill" plan, the teacher who taught Zhang Chen and them at that time shook his head, saying that if Wanke hadn't had the support from above, they would have been able to survive with their clumsy poison pill plan alone.

The professor, who is well-known in the domestic business circles, explained in detail to his classmates what a hostile takeover is, during which he mentioned Karl Icahn's name.

"Even if Karl Icahn comes to Huaxia to do this, it will be finished! I put my words here, within a month, the Baoneng Department will have to be questioned by the Securities Regulatory Commission, regardless of whether it is the second largest shareholder, and no matter how dispersed Wanke's equity is, it will not be able to enter the board of directors, and the acquisition is doomed to failure!"

In the end, it turned out that this was indeed the case. Neither the management of Wanke nor Baoneng got any benefits, and the real big winners laughed and said nothing.

But in any case, the name Cal Icahn aroused the interest of many people in the class, and the professor saw this, so he told a few more jokes about Cal Icahn to liven up the atmosphere.

After being reborn, especially after coming into contact with Wall Street, Zhang Chen heard the name and deeds of Carl Icahn more than once, Tappan Electrical, Phillips Oil Company, and Trans World Airlines (TA。。。。。。 These illustrious names have become the prey of Carl Icahn's guns, and he has gained a wealth of more than a billion dollars.

What bothers Zhang Chen the most is that Karl Icahn is an absolute money worshipper, and even more so, an absolute egoist who leaves any moral values behind. This kind of person has no way to be bound by worldly morality, and they will not care about any reputation, they only want to make real profits, and leave no room for work, as long as they are within the rules, they will use any tricks.

The companies targeted by Cal Icahn were either successfully controlled by him and obtained benefits through spin-off and reorganization, or they were squeezed out of funds and completely became the debt trash can of Cal Icahn.

If neither of these works, Cal Icahn will also extort large "ransoms" from major shareholders through "green ticket blackmail", which can also make a lot of money.

It is important to point out that while the name hostile takeover is somewhat negative, not all hostile takeovers are negative. The stock price of many companies is deliberately depressed by the management, so that it can secretly deploy MBO (management buyout) with information advantages, which is actually a harm to the interests of the company and small and medium-sized shareholders.

The emergence of hostile bidders allows the market to quickly identify companies whose shares are seriously undervalued, thereby prompting the stock price of the target to rise, and small and medium-sized investors can also obtain higher returns from it.

Taking Wanke as an example, before the acquisition of Baoneng began, Wanke's dividend never exceeded 20%, but after Baoneng started the acquisition, Wanke paid more than 40% of the net profit for two consecutive years in order to win over small and medium-sized shareholders, which really brought benefits to shareholders.

At the same time, if the hostile taker can really concentrate on managing the acquired company, there is also a high chance that the company will turn losses into profits, and the company and shareholders can also benefit from it.

But the reason why Cal Icahn is notorious is that he will not only carry out hostile takeovers of the target company, but also treat the target company as a blood pool, relying on his status as a major shareholder, and keep drawing blood from the blood pool until the last drop is drained, Cal Icahn makes a lot of money, pats his ass and leaves, leaving a butt of debt for the acquired company to bear, or even bankruptcy.

There is a famous saying in Carl Icahn: I must pay attention to the interests of shareholders, and I am the majority shareholder!

Being targeted by such a person, Zhang Chen really had a headache.

"Five million shares。。。。。 Zhang Chen pondered for a long time, this is not a small amount, if Carl Icahn buys another 1.5 million shares in the market, he can become Apple's second largest shareholder, and have a chance to win another seat on the board of directors.

"Tim, contact the Icahn Fund and make an offer to them and ask them what price they want. Zhang Chen's eyes flashed, it was necessary to contact it first to see what kind of medicine was sold in the Calican gourd.

In addition to this, it is necessary to prepare a counterattack plan。。。。。。

Zhang Chen carefully studied the information of Karl Icahn and had a preliminary plan in his heart.

"Lauerde, Marvel, as much as you want, yes, that's right, it doesn't matter if it's longer, the most important thing is the shareholding ratio, I hope to become the largest shareholder of Marvel this month, yes, with my own No. 5 fund. Zhang Chen gave another instruction to Bellankefen.

"Bill, do you know Perelman? The one who made toys, yes, it's him, greedy Ronald, could you please date him? uh... Just tell him that I want to help him solve his biggest headache. Zhang Chen hung up Bellankefen's phone and called Bill Campbell again.

Come and don't be rude, if you move my apple, I can only move your Marvel!

Since the TA (Trans Global Airlines) acquisition, Cal Icahn has been relatively honest and has not made much action since the TA (Trans Global Airlines) acquisition, probably because of the investigation by the SEC and the Department of Justice, and his main focus in recent years has been on tearing up with Marvel Chairman Perelman.

Although he was not born on Wall Street, like Carl Icahn, Perelman is also a billion-dollar tycoon and a master of capital operation. As a rich second-generation Perelman, since his debut, he has successfully controlled a number of large listed companies including Belmont Steel, Revlon, New World Entertainment and other large listed companies, Marvel, which is also part of his career map.

Since the acquisition of Marvel in the late 80s, he spent two years to go public with Marvel, and then launched a business model of comic book bundle card collection by drying up and fishing, squeezing the purchasing power of hardcore fans, increasing turnover, and thus pushing up the stock price for profit.

In just a few years, Ronald Perelman has made hundreds of millions of dollars in profits from Marvel, several times the $80 million he spent on buying Marvel.

But this quick success business model also hurt Marvel's sustainable ability, and the unlimited distribution of cards caused the comic book collection market to collapse like a tulip bubble in the mid-90s, and Marvel's turnover fell by 70 percent, and it was almost bankrupt.

In order to protect his own interests, Perelman wants to restructure with his toy company through Marvel's bankruptcy despite the opposition of shareholders, and continues to tell stories with the capital market to cheat money.

Carl Icahn, who was already a Marvel shareholder a few years ago, certainly couldn't agree to Perelman's bankruptcy plan, and the two engaged in a fierce offensive and defensive battle on the board of directors, and even went to court and fought countless lawsuits.

Under the suppression of Carl Icahn, Marvel's stock price has always been half-dead, but there is no way to go bankrupt, and Perelman can't reorganize Marvel with his toy company after bankruptcy, so he wants to get rid of the shares, but no one wants to take over. Carl Icahn wanted to buy Marvel outright and then split and reorganize, which in turn hurt Perelman's interests, and was also unable to pass by the board.

In short, the festival between the two is over.

Since Carl Icahn chose to snipe at himself over the acquisition of Apple, he doesn't have to be polite.

The mountain rain is about to come and the wind is full of buildings, this equity war, I want to see how powerful Carl Icahn's wrist is!