Chapter 555: No Fight Back

Chris's efficiency is still very high, and in less than three days, the 15% stake in Tang Mining, which originally belonged to Tang Feng, became $35 billion after being mortgaged to JPMorgan Chase and Mellon National Bank.

In fact, the real value of the 15% shares of Tang's Mining in Tang's name is far more than this money, but because Tang's Mining is not listed, the bank cannot conduct the most effective asset appraisal of Tang's Mining, and although the Mellon family and the Morgan family generally know what the total assets of Tang's Mining are, as a bank, it is impossible for them to lend to Tang according to the true value of these shares according to the rules of the industry.

However, this has no impact on Tang Feng, Tang Feng has always only paid attention to the result and does not care about the process. With these $35 billion in funds, even a hostile takeover of Anglo American is more than enough, so Tang Feng doesn't care how much money his shares should be able to lend.

As soon as the funds were in place, the London Stock Exchange and the Johannesburg Stock Exchange suddenly became lively, and the stock price of the originally depressed Anglo American Group, like eating viagra, jumped up slowly, and a large number of buy orders were hung on the trading column of Anglo American Group.

Soon, a fund called "Datang Fund" made separate announcements one day and three days later, the first day of the announcement was that Datang Fund already held 10% of the shares of Anglo American, and the second announcement turned the two-day figure into 20%.

As long as you play stocks, you can see at a glance that this Datang Fund is making a hostile takeover of Anglo American, and the obvious premium has kept the stock price of Anglo American High in the past few days.

Out of optimism about the prospects of Anglo American, many small and medium-sized shareholders of Anglo American have even begun to take the initiative to contact this Datang fund that suddenly appeared, willing to sell their shares to this Datang fund at a premium of 50% or even 100%.

Meantime. As the eleven largest shareholders on the board of directors of Anglo American, there are also three major shareholders who have begun to connect with Datang Fund, although their holdings of Anglo American Group range from 3% to 6%, but if these three major shareholders can reach an agreement with Datang Fund, then Datang Fund will immediately own more than 32% of Anglo American's shares, thus leaping over the Oppenheimer family. Became the largest shareholder of Anglo American.

At this time, Nicky. The majority shareholders of the Oppenheimer family, led by Anglo American, were a little frightened. The Oppenheimer family, represented by Oppenheimer, was terrified. As part of Anglo American, as well as Dai. The founder of Beers, the Oppenheimer family, of course, does not want to see the company that his family has worked hard to build for nearly a hundred years become someone else's bag, but the Datang Fund is fierce, and the entire Anglo American Group has been in a state of loss in the past two years, coupled with the big fight with the American consortium in the international gold market, occupying a large part of the funds of the Anglo American Group and the Oppenheimer family. Now in the face of the hostile takeover of Datang Fund, the Oppenheimer family has nothing to do.

The Oppenheimers' fears soon turned to despair, because after the three major shareholders of the board voluntarily transferred their total 12.6% of the shares to Datang Fund at a premium of 80%, five of the remaining shareholders on the board of directors have made it clear that they want to sell their funds.

These major shareholders are all businessmen, and the nature of businessmen is to seek profits. In the past two years, Anglo American's performance has been very weak, although this is related to the international mining environment. But if it goes on like this for a long time, these major shareholders will not watch the stocks in their hands become less valuable day by day.

And now. Suddenly, a Datang fund popped up and bought the shares in their hands at such a high price, can these shareholders not be tempted?

Although Nicky. Oppenheimer repeatedly asked these shareholders at the board meeting not to give up their shares, but who would listen to him at this time? Anglo American's stock is not as sought after as it was a few years ago, and as a result, Chairman John Brown is not as highly sought-after as it was a few years ago. These major shareholders, including Sir Parker, intend to liquidate their shares in Anglo American before making other investments.

The Oppenheimer family really didn't want to give up Anglo American. However, in the face of the scorching acquisition of Datang Fund, the Oppenheimer family had no way at all.

If it were in the United States, the Oppenheimer family might also be able to use the "poison pill plan" to resist the hostile takeover of Datang Fund, but although the United Kingdom and the United States belong to the same common law system, the poison pill plan for the hostile takeover is legal in the United States. But it is illegal in the UK, because the UK Companies Act clearly states that it is illegal to use poison pill schemes to fend off hostile takeovers!

After the lack of the poison pill plan, most of the Oppenheimer family's funds were involved in the international gold market, so even if the Oppenheimer family had the right of first refusal to repurchase shares under the same conditions, they had no money now!

And even if they had money, it was estimated that they would not be able to buy back the shares of Anglo American at such a high premium. Besides, it is absolutely impossible for an Oppenheimer family to come up with a huge amount of $35 billion, so Datang Fund's hostile merger and acquisition of Anglo American is almost unstoppable.

But at this time, there was a dramatic scene, the current British Home Secretary, a famous strong woman in British politics, and the longest-serving Home Secretary in the United Kingdom in the past fifty years, Streisand. Gao Bai suddenly said in an interview that the hostile takeover of Anglo American by Datang Fund is an illegal act, and Datang Fund is an evil fund. And this strong woman is also preparing to submit an application to the House of Commons to stop the hostile takeover of Anglo American by Datang Fund!

The strong woman is a notoriously loud mouth, and she once famously said something that made her a famous female political strongwoman in the British Conservative Party: "I'm with Indiana. Jones, like that, didn't like snakes -- even though that would have led some people to ask me why I got into politics! ”

A Home Secretary could not interfere with such a free economy, but the famously loud-mouthed strongwoman simply ignored this, and I don't know what she thought, or simply the last death throes of the Oppenheimer family.

The words of this strong woman directly caused Tang Feng's fierce counterattack - a huge team of lawyers numbering more than 140 people parachuted into London the next day, ready to fight against Streisand. Gao Bai's blatant insult to Datang Fund filed a lawsuit! (To be continued.) )