Chapter 53
No one knows what Li Mubai and the chairman of Yuntong Company Grubb talked about in the car, in short, when Grubb got off the car, the whole person had a winner's smile, which made Sandy Weir full of taste, but he still greeted him politely and said to Li Mubai, "Mr. Li, welcome to the United States, we Citigroup is willing to provide you with all high-quality services." Pen "Fun" Pavilion www.biquge.info"
"Thank you. As the saying goes, don't stretch out your hand and don't hit a smiling person, not to mention that Citigroup is also one of Li Mubai's targets in the United States this time, how could he refuse the olive branch handed by Sandywell.
After the interview, Sandy Weir also waited for a while, and went straight into the hotel, where a large number of Citigroup's entourage were waiting for his arrival.
"Chairman, do we need to prepare for negotiations immediately?" Seeing the arrival of the backbone, the Citigroup executives who stayed in the hotel hurriedly greeted them one by one, and at the same time heard the progress of the situation.
Sandy Weir shook his head, looked at Li Mubai, who was surrounded by people and entered the elevator, and said, "The situation has changed, Yuntong Company has raised its own offer, I need a quiet conference room, and immediately discuss with the shareholders of the group how to deal with it." ”
Although they know that business negotiations have always been noisy and long, but at the first time of contact between the two sides, the company will overturn the previously agreed plan and increase the offer, which makes them have an ominous premonition in their hearts, and this negotiation may be aborted because the other party's asking price is too high.
After all, Citigroup, a big business, is not very eager to reach a cooperation with Orange Technology at this time, they are just doing something to prevent the growth of potential competitors.
"It's already arranged, I'll take you there right away. A vice president stepped forward and led Sandywell into a conference room that had been prepared early, and quickly completed the preparations for the networking of the meeting.
The next moment, on the display screen hanging on the wall of the conference room, there was a major shareholder of the board of directors of Citigroup, as the fund investment leader who controls Citigroup behind the scenes, Paul George has been controlling Citigroup for the capital group behind him for more than 20 years, and has been doing well, at least in the 20 years that he has really been at the helm of Citigroup, this financial group that could not enter the top three in the United States, has surpassed JPMorgan Chase and become the leading super financial company in the United States.
However, at the moment when the financial turmoil is intensifying, Citigroup is facing a crisis that is not small, once the bank's real estate loans and second-hand housing market loans collapse crisis, then the entire Citigroup will be dragged down, or even collapsed, and is surpassed by other financial companies.
This is also one of the reasons why Citigroup targeted Orange Technology this time, as soon as the video was connected, Paul George was a little surprised, "Sandy, what's wrong? Have you met that Oriental boy?"
"Mr. Paul, we've met, but I have bad news for you, Amex has raised their offer, and according to J.P. Morgan's Jamie Dimon, Amex shareholders have authorized up to 15% of the outstanding shares and 8% of the voting rights to preemptively enter into a partnership with Orange Technology. Sandiewell didn't bother to greet Paul George, and cut straight to the point.
"So much?" Paul George was stunned for a moment, his fingers unconsciously tapped on the table, and Sandywell, who was familiar with him, knew that this was a habitual action that Paul George thought about when encountering a major event, and it was best not to disturb him at this time.
Paul George's mind was spinning very fast, and after a while, he stopped his subconscious movements, and said in a deep voice, "For such a big event, I must have a full communication with the shareholders of the board of directors before I can give you a final answer, but I must tell you that the situation has changed somewhat, and I exchanged views with the Treasury Secretary this morning on the Wall Street investment banking crisis, and the other party made it clear that this is normal market self-regulation, and the federal government is not ready to intervene, let alone carry out financial assistance and policy tilt." ”
"Why? Knowing that once the big investment bank on Wall Street goes bankrupt, it will affect the economic development of the entire federation, and even a bigger financial crisis will break out as a result, can't those people see this kind of result?" Sandywell said with some anger.
Paul George was still smiling, "Yes, they knew that if things were allowed to go unfolded, it might end badly, but that didn't happen, did it?"
After saying this, Paul George stood up, walked around, and continued, "You must know that since the Union has been mired in two wars in a row, economic development has begun to stagnate, and the annual military spending has repeatedly been overspent, and a large amount of international hot money has poured into the country, resulting in a false economic boom, but the essence of economic development has not changed because of this, and I have decided after consulting with some capital behind me that I must expand the group's sources of funds to avoid falling into a larger quagmire. ”
"So, our negotiation with Orange Technology is bound to win?" Sandywell had a headache, how could he not know the underlying meaning of the other party's words, that is, the future of Orange Technology determines how big the hole cards Citigroup has in the face of a crisis.
But it all depends on Li Mubai's attitude, if the agreement with Orange Technology is successfully reached, then in the future, once it encounters a terrible financial crisis, then Citi will rely on Orange Technology's abundant cash flow to tide over the crisis, but once it fails, the end will naturally not be too good.
"Yes, but Citigroup is different from the financial group in trouble like Yuntong, we have a deeper heritage, in the negotiation with Orange Technology, you have to let the other party understand that we have a deeper heritage, we have more than 2,000 independent private shareholders around the world, each of them is worth billionaires, our network can help Orange Technology into the global market faster and more efficiently. "Citigroup is not a word for any one person.
Even as the face of the fund within Citigroup, Paul George must respect the opinion of the capital group behind him, otherwise the fate that awaits him may not be too good.
In addition, Citigroup shareholders all over the world, every redistribution of interests, involving countless forces, even the U.S. federal government, will take the initiative to intervene, they will not allow the hegemon of the U.S. financial industry to open the door to an Oriental, especially when the Oriental still wants to have independent voting rights.
In this case, Paul George did not have too many good bargaining chips, and he even knew that in this cooperation, Citigroup actually tied his hands and feet, and in negotiations with Orange Technology, they lagged behind their competitors at the beginning, after all, Amex had already come up with real money, and Citigroup was still looking for flaws in the cooperation barrier treaty set by the Federation.
After coming and going, the first hand has been divided, and the final victory or defeat, I am afraid that I can only pray for God's favor.
Sandywell also knows the mystery of this, but he can only secretly curse the senior officials in Washington in his heart, if it weren't for the terms they set, I'm afraid that Citigroup, which is now a big business, would have squeezed the Express Company to the brim, how could it panic under the pressure of the opponent.
"Okay, I won't put too much pressure on you, let's talk about it according to the terms agreed before, we can sell up to 1.5% of the shares of the entire group, and this does not include independent voting rights! Don't be busy rebutting yet, as a businessman, I know that this condition is somewhat discriminatory, but this is the rule, an American will never allow an Oriental to rashly join the board of directors of a company that can affect the lifeblood of the federal economy, unless he is also an American. Paul George said 1510.
Seeing that Sandywell couldn't help but refute, he forcibly interrupted his words again, and continued, "But under the rules, we will also show our sincerity to Orange Technology, that is, the rights of Citigroup's Asian branch, especially the Huaguo branch, I will authorize the board of directors to issue an official document to recognize Orange Technology's preferential voting and veto rights to the financial business of the Huaguo branch, which will greatly increase our group's bargaining chips in the negotiations, and I believe that this will make the Oriental boy completely fall to us." ”
"This is far from enough, our financial business in China is completely inferior to the five major state-owned banking systems in China, behind Orange Technology, in fact, there is a vague figure of the Chinese government, they will not watch this super technology giant into our arms. Sandywell shook his head, not too interested in Paul George's proposal.
"Of course, so that's why I asked you to find a way to make a fuss about Li Mubai's identity, if he becomes an American, then everything can be discussed. The federal government will not refuse citizens of a free country to join the Citigroup family, will it?" said Paul George with a grin.
At this moment, his mind was revealed, the reason why Li Mubai had not been targeted by the consortium before was because of the identity of the other party, and a business alliance had been vaguely formed behind him that was tied together through technology licensing, so that the major consortiums had their own scruples, so they did not start easily.
But once Li Mubai became an American citizen and relocated Orange Technology to the United States, the situation was different, and the major consortia had a way to take the shares from Li Mubai and eventually pocket the technology group.
"I'll try my best. Sandywell didn't expect anything from the bottom of his heart, because he had seen the boy, and his eyes told him that this was a wise man who had seen everything, and although it didn't correspond to his age, it was a real feeling, something that Sandywell didn't dare to ignore.
After getting the group's preliminary bottom line, Sandywell couldn't wait to knock on the door of Li Mubai's hotel.
"Welcome, Mr. Sandy, I have to say, you guys are so efficient. From beginning to end, the other party's every move was under Li Mubai's surveillance, and after seeing Sandy's hearty smile, Li Mubai also laughed.
It's just that in his heart, he has never relaxed his vigilance against Citigroup, "This is a behemoth that needs both cooperation and vigilance, but at this stage, we must unite all forces as much as possible to escort the growth of Orange Technology." ”
According to the conditions given by the group, Sandywell first knocked on the side for a while to find the inside story of the negotiations between the other two groups, but Li Mubai is so experienced, he is talking in and out of the circle without revealing the slightest tone, and even if there is, it is deliberately biased in the direction of Sandywell.
Although the latter agrees with his old Shen, he still despises his business negotiation and business experience, which is not something that can be learned instantly by being smart or strong-willed, on the contrary, no matter what, a person needs a lot of time to explore, to learn, to use bloody lessons to break through, to understand one after another about business levels.
"I said bluntly that Amex does not have a sound financial service system in the world, and many of the conditions they promise are only in the distant future, and cooperating with Citigroup will have today!" Sandywell did not know that he had entered the trap of Li Mubai, and he was emphasizing the advantages of Citigroup.
Li Mubai shook his head, "But Orange Technology will not be able to launch its own brand new model until the first half of next year at the latest, so we have time to wait for Amex to fulfill their promise." ”
"No, no, Mr. Li, you should probably calculate an account, with 15% of the shares of the American branch of Orange Technology plus 600 million US dollars in cash in exchange for 12% of the equity of Amex, this is actually an out-and-out loss-making business, according to the current market value of Amex, this 12% of the shares are worth more than $4 billion at most, aside from 600 million in cash, do you think that 15% of the shares of Orange Technology in the United States will only be worth more than $3 billion in the future?"
In an attempt to dispel Li Mubai's attempt to reach a cooperation with Yuntong in one fell swoop, although Citigroup did not take Yuntong Company into account, and there was no need to conduct business negotiations on bundling, Sandywell still tried his best to amplify Citigroup's expected interests, even if the final negotiation was not the same as the current plan, he still followed his professional sensitivity and sought benefits for Citigroup as much as possible.
"But I will have 8% of the independent voting rights of Amex, which is second only to the largest fund in Amex, which will provide the most complete guarantee for many of Orange Technology's financial needs in the future. Of course, Li Mubai will not be led astray by his few words, and at the same time, he is constantly releasing fake news that he is very satisfied with the bottom line of Yuntong, "At the same time, I can also get the corresponding rights of Yuntong's subsidiaries in 16 major overseas countries, which will provide the most favorable guarantee for the future of Orange Technology, but Citigroup is unwilling to provide such a promise." ”