Text Chapter 996 Master and Apprentice War
In fact, such a trivial matter as the acquisition of Salomon Brothers does not require Jamie Dimon, the helm of the Standard Banking Group, after all, it is indeed a bit of a fuss.
However, Jamie Dimon still came, and not only came, but also operated the whole thing himself, it seems that he is ready to give his former "mentor" a big surprise with his own hands. It can be seen that the grievances between Jamie Dimon and Sandy Weir are really not just talking, they are much more serious than everyone imagined.
Also, it's no wonder that Jamie Dimon wants to deal with his own teacher personally, there is no way, it's really that Sandy Weir's teacher is a little inadequate.
You know, Sandy Weir has always regarded Jamie Dimon's departure as a betrayal, and never considered his mistakes and wrongs in the whole thing. Therefore, Sandy Weir has not been less "pastime" Jamie Dimon in the media, and even called him a despicable "betrayer". Especially after Jamie Dimon's Standard Bank Group became the largest banking group in the world, Sandy Weir's temper became even more irritable, and he repeatedly fired in the media.
Why did Jamie Dimon, a "traitor", not only not be embarrassed after betraying me, but developed better?—— maybe Sandy Weir thinks that everyone else in this world is a vegetable except him, right?
It turns out that Jamie Damon's apprentice is indeed better than the blue!
Although, Sandy Weir has been smearing Jamie Dimon in the media, however, Jamie Dimon has never stood up to refute it, and he doesn't care about shelling himself at all.
As for why Jamie Dimon doesn't refute it? Isn't he angry at all?
Huh, how is that possible?
Jamie Dimon is not a saint, how can he not be angry? What's more, his departure from the Travelers Group is definitely not a betrayal, and it is no wonder that Sandy Weir smeared him so much?
However, Jamie Dimon really can't stand up and fight back about this matter, otherwise, this scene of "master and apprentice scolding each other in the air" will definitely become a topic of conversation for more people after dinner.
Not scolding doesn't mean not doing it, as the saying goes, a gentleman doesn't do it.
Therefore, this time Jamie Dimon is going to personally deal with the Traveler Group and let him know how many eyes Ma Wang Ye has.
"Jamie, are you sure you're going to take charge of the acquisition yourself?
Looking at Jamie Dimon with a calm face on the other side, Su Chenyu couldn't help but laugh, I didn't expect it, this guy is really holding a grudge.
"Salomon Brothers is still very important to our investment business, so it makes sense that I would do it myself. ”
Eh, don't look at what this guy said is high-sounding, but Su Chenyu knows that he hates it in his heart, after all, whoever is so black has to be angry, this is a red fruit to pour dirty water on himself.
"Well, you can do whatever you want, I trust you. ”
For Jamie Dimon, a good subordinate, Su Chenyu is 10,000 at ease, so since he wants to do it himself, let him do it himself. Even, even if Jamie Dimon plans to do something to the Traveler Group, Su Chenyu is a hundred supporters - this is a master who is not afraid of big things when he sees the excitement, and he is a person who likes to make the excitement.
I have to say that Jamie Dimon is Jamie Dimon, as soon as he makes a move, he is different, he doesn't give the Traveler Group a chance at all, and directly launches a general attack on the Solomon brothers.
Relying on its abundant capital strength, Lehman Brothers can really play as much as they want with this acquisition? This is a "game" in which people can do whatever they want.
Although the Travelers Group's previous offer for Salomon Brothers was as high as $7.8 billion, this price is definitely not low, but it is definitely not high. Come to think of it, the current Solomon brothers are really in a bad situation, so it is a ghost that the Traveler Group's round of bidding can be high.
Of course, after all, this is just a test price, and the Traveler Group will offer a price of 7.8 billion, which is not up or down, just to let the Solomon brothers shake it and facilitate future bargaining.
You know, the Salomon brothers and the gang asked for $11 billion as soon as they opened their mouths, so why do they want to eat people?
If you don't blow it or black, even Lehman Brothers can't agree to this price, I'm sorry, buddy is rich, not only the rich "father" of Amex Company, but also the even richer "grandfather" of Standard Bank Group. However, buddy is not a fool, such a standard wrongdoer, who is really a fool, Lehman Brothers can agree to be a ghost.
However, although the price of $11 billion is impossible to open, Lehman Brothers will definitely not be stingy when it makes a move - $9 billion, and the upper limit can be raised by another $500 million. In other words, Lehman Brothers can pay up to $9.5 billion, which is much higher than Solomon's actual value, which is definitely a high price.
Moreover, just after Lehman Brothers quoted this price, Jamie Dimon personally met with the chairman and CEO of Salomon Brothers, and no one knew what was being discussed, but the acquisition made great progress after that.
Soon after, Salomon Brothers ended their negotiations with the Travelers group, and it was clear that they were not happy with the price offered by Sandy Weir. Moreover, now that there is such a high offer from Lehman Brothers in front of him, do you need to ask who to choose?
So, the Salomon Brothers side officially opened negotiations with Lehman Brothers on the $9 billion offer, and it is clear that the negotiations went very well. Eventually, when the Travelers Group wanted to make a second and third round of offers, Lehman Brothers had already made a quick deal of the acquisition.
For $9.24 billion, Lehman Brothers, the fourth-largest investment bank in the United States, officially acquired Salomon Brothers, the sixth-largest investment bank, to form the new Lehman-Solomon Brothers Investment Bank. The newly formed Lehman-Solomon Brothers will surpass Merrill Lynch to become the third-largest investment bank in the United States, making Standard Bank Group the world's largest investment bank.
After owning Goldman Sachs and Lehman Brothers, Standard Bank Group has an overwhelming advantage in the investment banking industry, and this is the second time they dominate the other major banking sector after commercial banks.
It has to be said that the advantage of Standard Bank Group as a single leader is so obvious that it is no exaggeration to say that there will be no one to challenge them in the next 100 years.
However, there are always people who are unwilling......