Chapter 1198: Hostile Takeover

The boiling general election has passed, and everyone is worried about what to talk about except the new president, and the mouse Superman is back, how intimate you say this is! The reporters are planning to pay for a trophy and give it to Hong Tao in recognition of his tireless spirit of making news.

What kind of news is Rat Superman going to make this time? He didn't say anything, but after the parade was over, Hong Tao went into the Waldorf Astoria Hotel and didn't show up. Can you escape the reporters by hiding? The answer is no, the more Hong Tao hides, the more sure the reporters are that something big is going to happen. As a result, reporters will be guarded in front of the two doors of the Waldorf Astoria Hotel day and night, not only staring at Hong Tao and his entourage, but also making a count of the people entering and leaving the Waldorf Astoria Hotel, trying to find clues from it.

Not to mention, God rewards hard work, and the reporters who have the patience to count the heads at the door of the hotel are really not in vain, they found that after Hong Tao checked into the Waldorf Astoria Hotel, very special people continued to appear. For example, the heads or executives of Microsoft, Apple, Boeing, Morgan, Intel, Cisco, Sony, Philips, Nokia, and many foreigners who are not known to everyone, and even Arabs wearing headscarves and robes.

None of these people stayed at the Waldorf Astoria for a long time, some for 2 or 3 days, and some left on the same day. The reporters were guessing and finally got accurate information from the hotel's internal staff, most of whom had come to meet with Hong Tao, but no one knew the content of the talks, because all the talks were held in suites on the 30th floor of the hotel, and the place was really not allowed to go in and out casually.

This hid from Hongtao for nearly a month. The reporters at the entrance of the Waldorf Astoria Hotel are long gone, who has the kung fu to spend time with him here. And now everyone has a topic to talk about. That's homosexuality. At the beginning of the year, the Netherlands announced that it would legalize homosexuality. And it is legally recognized that gay marriage is legal. This is a huge encouragement for gays and lesbians around the world, so many big cities have erupted in gay marches, not only to celebrate, but also to ask their own governments to learn from the Dutch government and recognize the legal status of homosexuality as soon as possible.

But Rat Superman was destined to make headlines, and in early March, a newspaper owned by the Golden Throat Group ran a story that three private equity funds registered in San Jose, Calif., had suddenly announced a hostile takeover of New York-based Lister Bank, which now owns more than 24 percent of the bank's public shares. And the takeover is still ongoing, there are constantly buy orders, and in a green stock market, the shares of Lister Bank are forced to turn red. In just one trading day, it pulled up the share price of Lister Bank by 10%.

As for who controls these three private equity funds, it is not clear, and the response of Lister Bank is also very slow, and it took a day before a spokesman came out to admit it. It was indeed a hostile takeover. And before the hostile takeover, there was indeed a takeover offer, but it was rejected by the board of directors of Lister Bank for the simple reason that it was rejected. The person who made the takeover offer was Hong Tao!

Hong Mouse wants to buy Lister Bank! After making a request, he was rejected, and then he began to make a hostile takeover!

The news was so sensational, like a big bomb. Blew up the vast majority of people in a daze. Whether it's Wall Street or Dune Road, the American financial community doesn't know what Hong Tao is going to do.

Hostile takeovers are also called hostile takeovers. It wasn't uncommon before the 90s, but after the 90s. It's rare. Because some states in the United States have adopted a lot of restrictions on hostile takeovers, people gradually no longer use this kind of overly aggressive acquisition method, which is generally a treaty merger or acquisition. However, California and New York do not have such laws and restrictions, as the chairman of a listed company, according to the regulations, the board of directors and shareholders must be notified of the other party's takeover offer, and whether to sell or not can only depend on the individual shareholders.

Generally speaking, if the company's performance is good, the shareholders are relatively united, and the proportion of shares outstanding in the public is not very large, it is not afraid of hostile takeovers. However, in 2001, few people who had anything to do with the Internet dared to say that their performance was good, especially in the financial industry like Lister Bank, which specializes in financing Internet companies, and had a lot of bad debts in their hands. If you don't make money, shareholders can't unite, this is an inevitable law, and if there are fewer major shareholders, there will be more public shares, which is also an inevitable law. Therefore, there is only one way for Lister Bank to fight against hostile takeovers, and that is to fight for funds!

The hostile acquirer has to invest a lot of cash to buy public shares at a premium in the stock market, and also has to buy a proxy statement from minority shareholders in order to obtain a controlling stake in the company in the shortest possible time. In this way, it can reorganize the company's board of directors, and then the management, with the goal of ultimately controlling the entire company. If you want to defeat a hostile takeover, you can only invest more money than the other party, launch a counter-takeover, raise the stock price, and make the hostile takeover pay a greater cost.

"If you don't help, my bank and I will be finished, and when he gets the controlling stake, you will also be kicked out!" Compared to Hong Tao, Jon's capital is not worth mentioning. When Hong Tao made the takeover offer, as the chairman of Lister Bank, Jon did not take it to heart, and he would never agree to let Hong Tao meddle in Lister Bank again. Hong Tao's shares in the bank have been divided between the Jewish consortium and himself, but with the stock market crash, these shares have shrunk three times, and the things bought for ten yuan will be sold back for three yuan after two years.

"Jon, we're in business, not dealing with personal feuds. The current value of Lister Bank can no longer attract more investors, and if we launch a reverse takeover, once the stock price is raised, what if that guy suddenly sells the stock to us? Not only does he not lose money, but he makes a lot of money, and we are equivalent to driving up the stock price and cutting the meat ourselves, and no one would do that. We understand your feelings, but business is business, and we have to do it according to the rules, and I'm sorry, we don't plan to meddle this time. "It's still that study, it's still that voice, it's still that person, if Hong Tao is there, he'll recognize it right away, Hills Oppenheimer.

"You were the one who asked me to deal with him, but what did I get when I got rid of him? only this bank, but now he's going to take it again, what about my friends? where are they! I really shouldn't have forgotten Joseph's words......" Jon's face was grim, and Shears' answer made him lose his last hope. Compared with Hong Tao's amount of money, he didn't even have room to fight back, and his only hope was the Jewish consortium, but they abandoned themselves at the critical moment. Only then did he remember that old Joseph had kept repeating to him when he was dying in his hospital bed, and that he should stay away from Aite...... Stay away from Aite...... Stay away from Aite......

"No one got anything after driving him away! Those stocks are simply poison, and all our years of accumulation have come to naught, and even my family and several other families have lost a lot, a whole 20 billion! How much is left? a third, a quarter? In this case, we have no help left. Don't forget, I have a stake in Lister Bank and Crystal Orchid Capital, and you're not alone. Since he wants it, give it to him, it's better than continuing to lose, at least we can sell it for a good price, and we still have some capital left. Shears took Jon's hand and leaned back on the couch with a decadent expression. In the last action to carve up Crystal Orchid Capital, he and Jon, as the initiators, got a lot of benefits, bought a lot of shares with all they had, and tripled their personal assets in only half a year.

Unfortunately, the good times did not last long, and less than two weeks after the stock market crash began, those stocks returned to square one, and after another month, their assets began to shrink. From March 2000 to March 2001, their assets shrank every day, and they not only lost the money they had earned, but also lost all the illegal profits they had made in the Standard Bank and the Lister Bank in South Africa over the past few years.

"Why did he target me as soon as he came back? Did he know something? Did he already know what you did with the kid who drew the comics? Why else would he target me? Why?" Jon seemed to suddenly remember something, and the emotions that had just calmed down a little became tense again, even more excited than just now.

"Shut up for me, didn't you say it, don't you talk about it again! Remember, this incident never happened! I have to report to the family, they are still waiting for me. Remember, find a good price to reduce your shares, while there are still people to buy, if he finishes the acquisition, then we don't even have the capital to bargain. Hills shook Jon away viciously, almost snarling at him, causing Jon to shrink into the couch and shiver. Seeing Jon's performance, Shears stopped walking out, turned around and touched Jon's head to comfort him, and then walked out of the study.

In just two weeks, Lister Bank was almost unresisted by three private equity funds, which bought 57% of Lister Bank's shares for $130 million, a price equivalent to less than one-sixth of the same period in '99, but in the current situation of a sluggish stock market and piles of bad debts, it is already a very conscientious high price. (To be continued......)

PS: PS: My new book "Southern Song Dynasty No Cough" has begun to be uploaded, don't miss it when you pass by, give it a collection and remember, if there are recommended votes, it will be more perfect.