Chapter 117: Erupted
In the evening, it was past ten o'clock.
Seeing that it was almost time for the banquet, Wagner temporarily said goodbye to Tang Bao, Peter, and Li Zhen, walked to the middle of the banquet hall again, and after a few brief words, loudly announced the start of the charity auction. Then there are professional auctioneers to support the auction, and the auction is full of things, such as celebrity jewelry, jerseys, jewelry, etc., some of which are even extremely ordinary, not high-end goods, at most worth hundreds of dollars, but they are all sold for tens of thousands of dollars.
on this.
Tang Bao also knows a little bit about the doorway, the auction items may be very ordinary, but the owner of the auction item has an unusual background, and everyone will cheer for it. Of course, there will be no unlimited scramble, and generally the price will stop after it rises to tens of thousands of dollars.
"One hundred thousand dollars!"
Tang Bao participated in the bidding, and on this kind of occasion, he always had to spend some money to auction off an item, which was also to give face to Wagner, the host of the banquet.
After the price of $100,000 is quoted.
After Tang Bao made a bid, everyone recognized their identities and knew that Tang Bao was participating in this kind of banquet for the first time, so they all tacitly chose to give up the bid. What's more, the price of $100,000 is already the highest price tonight, so there is no need to fight for it. If you increase the price again, you may offend people.
The auction continues.
……
"Tang, I will send someone to draw up a capital injection contract as soon as possible, and I hope you can prepare the funds and complete this investment transaction as soon as possible."
Looking around, the auction was coming to an end, Peter stressed again.
"No problem. Peter. You don't need to worry about the funds, as soon as the deal is completed, I will transfer the funds to BP's account as soon as possible. Not a minute of delay. Tang Bao patted his chest and assured that he didn't want to embarrass Peter in the allocation of funds.
The banquet came to an end.
When the meeting finally ended, Wagner took his wife Erin to send Tang Bao and Li Zhen outside the hotel, and said, "Tang, Li, I hope that tonight's banquet has not disappointed you." Well, if you have some free time, feel free to come to my house. I have a lot of treasures in my wine cabinet......"
"Good, good party tonight."
Tang Bao's harvest for tonight. It can be said that I am very satisfied, not only did I meet many people with deep backgrounds, but also negotiated a big business.
How could it be disappointing?
For Wagner's invitation, Tang Bao also readily agreed. After tonight's contact, he felt that Wagner was still worth associating.
After saying goodbye to each other again.
Tang Bao and Li Zhen sat in the Bentley car that had already been parked at the door, and disappeared into the bright night under the eyes of Wagner and Erin.
……
New York, USA, in the presidential suite of a large hotel.
"Mr. Taraka, I have good news for you!" Garrit rushed in excitedly, unhindered by anyone, and seemed to be extremely familiar with the place.
"Oh? Jarrett. What good news do you have. Taraka asked, smiling. He is the commander-in-chief of the acquisition of BP Petroleum in the United Kingdom, and he has a lot of power. But he understands that Garit is a credit to the Kuwait Investment Authority for so smoothly implementing its plan.
Therefore.
Garrit hurried over and said that there was good news, and Taraka's heart was full of anticipation!
"Mr. Rosyth of the Black Fox Fund has agreed to sell their shares in BP Oil." Garrett said it simply. but his face was colorful.
Black Fox Fund has a soft spot for energy investment, even in a bad market environment. Still sticking to their own principles. With a long-term hold of various energy stocks, and the share price of BP Petroleum in the United Kingdom is sluggish, Rosyth naturally cannot let go of the opportunity to become a shareholder of BP Petroleum in the United Kingdom. At a time when many investors were spurning BP Oil, they were determined to buy in large numbers. At that time, the value of BP Oil's shares had fallen below the issue price, but instead of panicking, they continued to increase their holdings...... Until it will hold nearly 3.7% of the equity.
Ever since the Kuwait Investment Authority decided to buy a stake in BP Oil, Taraka has personally visited Rosyth and offered to buy a stake at a premium well above the open market price.
In his opinion, in the face of the ultra-high premium and the current situation of the depressed stock price of BP Oil, the other party should be happy to agree, which is expected that the Black Fox Fund Company seems to have great confidence in the future of BP Oil, let him say anything, resolutely disagree to sell the shares.
Taraka had no choice but to return in defeat.
"Really? Garritt, how did you do that? Hearing that the Black Fox Fund had agreed to sell all of BP's shares to them, Taraka was incredulous. At the beginning, the stock price was around $40, and he even offered to buy it at $60 per share, but the other party didn't nod.
"Whew...... Garit, if the purchase price is beyond the Kuwait Investment Authority's affordability, I will not approve the deal. ”
"Ha, Mr. Taraka, don't worry about that. The purchase price is a bit high, but it still stays within the price range you set. Without your consent, I won't raise the premium without permission. Garrit replied with a smile, "Well, the specific purchase price is based on yesterday's closing price, and a 20% premium on top of that." Well, yesterday BP oil stock closed at $52.6, and after a 20% premium, the price is $63.12. It's three dollars higher than the price you originally offered, but the premium is only 20%, which is still within your specified range. ”
"Good!"
After listening to Garret's explanation, Taraka nodded in satisfaction. Now, the maximum market premium they set is 35%, as long as it's within that range, it's fine. Of course, these premiums are only for large investors who hold a large number of shares in BP Oil.
Without a good price, these investors may prefer to hold for a long time and wait for a turnaround rather than sell BP oil shares at a loss.
Before.
Shares acquired by the Kuwait Investment Authority from large institutions. Basically, they are all acquired at a premium.
Taraka asked with some curiosity, "Garrit, how did you convince Rossyth?" He seems to be a very stubborn man, and he is very firm about the matter of owning BP Oil. ”
"Hmm. Yes, Rosyth does intend to hold it for the long term. Garrit nodded, then showed a sly smile and said, "But the Black Fox Fund Company is not his alone, although he is the president. But also take into account the attitudes of other top leaders. Not to mention those investors...... Investors always care most about their own investment returns, and the acquisition premium we offer is enough to make them a lot of money. Full of seduction/seduction. Rosyth can't play against investors, can she? ”
Rosyth's path didn't work, so he changed his way and approached the main investors of the Black Fox Fund. Indirectly influence the decision-making of the Black Fox Fund Company.
That's what Garrett thinks.
And the results did not disappoint Garritt, after he met with several major investors in the Black Fox Fund, and a few days later, Rosyth took the initiative to call him and tell him that he could meet about the sale of BP oil shares. Faced with pressure from investors, Rosyth agreed to sell the stock after making enough returns.
Listen to the detailed process.
Taraka couldn't help laughing and said appreciatively, "Garit, you are really my lucky star. Without your participation, this acquisition plan may not go so smoothly. ”
"You're so polite."
Garrit humbly bowed slightly, then asked. "Mr. Taraka, the Black Fox Fund Company can sign the equity transfer agreement at any time, when will you receive it?"
"The sooner the better...... Haha, when we take the 3.7% stake in the hands of the Black Fox Fund, the Kuwait Investment Authority's stake in BP Oil will be close to 26%, and we have a great chance to control ......" Taraka thought that the Kuwait Investment Authority was about to take over BP Oil. I couldn't help but be excited.
Well.
Garrit didn't go along and he wasn't as optimistic as Taraka. "Mr. Taraka, BP Oil's reaction to the Kuwait Investment Authority's large increase in its holdings has also become more fierce and tough," he reminded in a low voice. I suggest that after trading with the Black Fox Fund, suspend the increase in stock holdings. The best way to do this is to have a meeting with BP Petroleum and get their understanding. Otherwise, the Kuwait Investment Authority's road to the board of directors of BP Petroleum will be full of hardships! ”
"We've always been strict with the rules of business, and there's no reason why they've stopped us from joining the board." Taraka said excitedly.
That being said, he was actually a little worried...... Recently, the chairman of the board of directors of BP Petroleum in the United Kingdom, Peter, made a statement that was hostile to the increase in their holdings by the Kuwait Investment Authority. and even constantly called for the British government to intervene...... Fortunately, the British official did not say anything about this.
"Hey...... Garritt, just do as you say, after buying the shares of the Black Fox Fund, we will talk to BP Oil. ”
Taraka agreed to Garritt's suggestion.
"As it stands, our stake is enough to threaten BP's controlling position, but I would suggest that it is better not to try to challenge their dominance...... It might be much easier to negotiate. "Surely those who snatch power will not be welcomed.
The next morning, Taraka and Garrit came to the Black Fox Fund Company with the equity transfer contract, and the transaction was completed very smoothly.
Followed by.
A spokesman for the Kuwait Investment Authority announced that the Kuwait Investment Authority's stake in BP Petroleum reached 25.93% and the subsequent increase in holdings was stopped. He also said that in the near future, the Kuwait Investment Authority would like me to have a meeting with BP Petroleum to discuss relevant matters.
The news is out.
Suddenly there were a large number of sell orders in the market, and the share price of BP Oil Company fell into turmoil, closing the day at $50.9, down 3.3%. It seems that the loss of the support of the Kuwait Investment Authority will have a significant impact on stocks.
……
The Kuwait Investment Authority took a break.
Pity.
It seems a little late...... Because the silent British government has finally erupted. (To be continued) R655