September 13th.

The Committee on Foreign Investment in the United States (CFIUS) has officially announced its approval of East West Bank's acquisition of SIN International Bank, as well as a series of previous acquisitions by East West Bank.

Wow.

As soon as the news came out, there was an exclamation! How could it be that the merger and acquisition of East West Bank, which had alarmed all parties, was approved so quickly!

In particular, two days ago, one of the members of the Committee on Foreign Investment in China, David, vowed in an interview that he would veto the merger of East West Bank, and it has only been a long time since he changed his position. Many people are secretly speculating about what has happened in the past few days that prompted David to make such a big change.

……

It is a surprise to all parties that the menacing Committee on Foreign Investment in the country would end up with such an unexpected ending.

Soon.

The news that the East West Bank merger was approved by the Committee on Foreign Investment in China was reported by major newspapers and news stations, and became the hot news of the day.

"This morning, Chairman of the Committee on Foreign Investment in China West (CFIUS) Baker announced approval for East West Bank's acquisition of SIN International Bank......"

Belch.

Tang Bao, who was watching the TV news, was suddenly stunned when he watched this report, the Committee on Foreign Investment approved the merger and acquisition of East West Bank?

Initially.

Tang Bao's first reaction was that he was hallucinating. He wanted CFIUS to approve the acquisition as soon as possible, but was stopped by the damn David.

"Boss. Good news...... The Committee on Foreign Investment in China West Bank (CFIUS) agreed to the merger. At this time, Nick rushed in excitedly and said.

Tang Bao was stunned and asked, "Huh?" Is it really approved? ”

"yes, approved. Boss. Lo and behold...... These newspapers have reported the relevant news, and there can be no fakes. Nick said, waving the newspaper in his hand.

Then.

Nick's phone rang at all times, "Hey, boss?" Yes, please wait a minute......"

"Boss, the merger of East West Bank has been approved, and we have been verbally notified by the Committee on Foreign Investment. The specific documents will be served later. Winnieburg excitedly reported. Oh, excuse me. We were so happy that we forgot to tell you the good news in the first place. ”

"Hmm."

Tang Bao said with a smile on his face, because the review of the merger and acquisition case of East West Bank was stuck by David, and he had no solution. Just wait for news at home. Therefore, there was some blockage in terms of information, and I couldn't get the news at the first time. Following Veniburg, Mrs. Annette, Baker, McVeigh, Wagner and others also called to report the good news......

For more than an hour, Tang Bao's phone calls basically never stopped, one after another.

Call.

Tang Bao exhaled a breath of turbidity, stood up, walked to the courtyard and moved his body slightly, receiving the good news. The whole person felt refreshed.

"Ha, boss, congratulations. The East West Bank's merger has finally crossed the last hurdle! Nick followed him outside. Congratulatory.

"Hmm."

Tang Bao smiled and nodded, the merger and acquisition case of East West Bank was really full of twists and turns, and it was not easy to succeed in the end.

"It's strange, why did David suddenly change his mind?" After the excitement, Nick wondered. The merger of East West Bank was stuck, by David. Suddenly approved at this point, there is only one explanation. David changed his mind.

Well?

When Nick asked this, Tang Bao was stunned, and suddenly remembered Andya's phone call a few days ago, and thought to himself, I'm afraid this has something to do with Andya. "Heh, I didn't expect him to really have a way to ......"

……

……

……

Two days later.

Both East West Bank and SIN International Bank received formal written notice from CFIUS agreeing to the merger. Although some people protested and criticized CFIUS's decision, it could not change the outcome, and the East West Bank merger was able to go ahead.

That day.

Tang Bao took a group of senior executives of East West Bank and rushed to SIN International Bank in person to take over the bank's financial and other powers. The M&A deal has been finalized, and SIN International Bank is in the bag, and Tang Bao needs to take over the inventory and supervise the assets in advance, so as to prevent the senior management of SIN International Bank from taking advantage of the gap to transfer assets and cause unnecessary losses. In this regard, Feitner is very understanding and very cooperative.

"Don, East West Bank's management also basically controls SIN International Bank......" Feitner said with a smile.

Well.

Tang Bao nodded with satisfaction, Feitner behaved quite well, and did not show any resistance to East West Bank's early entry.

"The agreement has been drawn up a long time ago, there is a formal contract text, you see, if there is no problem, sign it." Tang Bao said with a smile.

Forthwith.

Nick handed a contract document to Fettner.

"Although the stock price of SIN International Bank has long fallen below $20 to only $18.96 per share, in order to show the sincerity of East West Bank, we will still trade at the original agreed purchase price of $1.8 billion, which is about $22.6 per share!" Seeing that Feitner was reviewing the contract, Tang Bao couldn't help but smile and said.

"Whew."

Feitner breathed a sigh of relief, and now it has been more than two months since the original negotiations, and the stock price of SIN International Bank has continued to fall in shocks, and the market value is only $1.5 billion. To tell the truth, he was worried that Tang Bao would change the acquisition offer again.

Just now.

The first moment he got the contract, he was rummaging through the purchase price.

……

"Feitner, there's no problem with the contract, right?" More than an hour passed, and there was no response from Fittner. Tang Bao couldn't help but ask.

"Uh, no."

Feitner was stunned and hurriedly replied.

"Since there is no problem. Then sign it. Tang Bao said with a smile.

Sign......

Feitner hesitated for a moment and whispered, "Uh...... Don, can you change the contract a little bit? ”

"Huh?"

Tang Bao's brows suddenly furrowed, modify the contract? Mo Fei Fitner wanted to sit on the ground again, and when he thought of this, his face couldn't help but sink a little.

But.

It has not been easy for East West Bank to get to this point. Tang Bao didn't want to ruin the deal easily, so he could only suppress his displeasure. Said calmly: "Which clause to modify?" ”

"Well, yes, there are a small number of shareholders of SIN International Bank who are reluctant to ask for an equity stake in East West Bank. Want to pay in cash! Feitner said directly. The run on East West Bank has been slammed by state lawmakers, and some people are worried about the bank's prospects and therefore do not want to take a stake in East West Bank.

Don't exchange East West Bank's shares?

That's good!

Tang Bao secretly said in his heart, at the beginning, he promised to replace 20% of the equity of East West Bank, and he was still a little distressed, but he didn't expect the other party to mainly ask for a reduction in the proportion of share exchange.

"No problem."

Tang Bao agreed very happily, and he couldn't wait for all shareholders to give up the replacement of equity. And what about cash.

"Whew."

Seeing that Tang Bao had no opinion, Feitner breathed a sigh of relief and exclaimed secretly. Just agree to it.

Then.

After discussion between the parties, the contract was slightly modified.

The approximate contract after the modification is as follows.

East West Bank acquired SIN International Bank for a 15.3% stake and $1,218.6 million in cash, for a total purchase price of $1.8 billion.

Compared to the original contract, East West Bank paid 4.5% less equity, and at the same time. An additional $178.6 million in cash was disbursed.

The rest of the contract is business as usual and there is no need to negotiate. Once Feitner and the legal staff were sure that there were no pitfalls, they happily signed it.

……

Ha.

Holding the contract he had just signed, Tang Bao's heart was excited, and it took so much effort to completely annex the top 30 banks in the United States. From this moment on, SIN International Bank was officially owned by East West Bank.

"Congratulations, Don!" Feitner shook hands with Tang Bao. "I will bring the management to cooperate with East West Bank to integrate the business as soon as possible."

"Thank you."

Tang Bao was in a good mood and replied with a smile. At the same time, his heart suddenly moved, and he asked, "Feitner, are you interested in continuing to work at East West Bank?" ”

"Well, stay at East West Bank?" Feitner was stunned, he didn't expect Tang Bao to ask like this. Then, it didn't take long to react.

"It's a pity, Don, I've accepted the invitation of my friend and am ready to start a business." Feitner shook his head and rejected Tang Bao's kindness.

"Hmm."

Tang Bao nodded understandingly. Since Feitner has other ways to retreat, Tang Bao did not continue to stay, he just felt that Feitner performed very well in the merger and acquisition negotiations, and had rich experience in the management of large banks, and leaving Feitner could also appease the hearts of the people of SIN International Bank, so he moved his heart to solicit. However, Feitner had no intention of this, and Tang Bao did not force it.

"Don, rest assured, I will wait until East West Bank completely takes over SIN International Bank before I leave. And the employees of SIN International Bank will also be happy to work for a rich boss, so you don't have to worry about anyone resisting the bank merger...... In fact, many employees are looking forward to it. "Feitner revealed the situation at SIN International Bank.

"That's good......" Tang Bao nodded.

……

Then.

Tang Bao, together with Fittner and Winnieberg, held a press conference outside the headquarters of SIN International Bank to officially announce the successful acquisition of SIN International Bank by East West Bank for $1.8 billion, or about $22.6 per share.

on this.

The reporters had expected it and did not appear to be so surprised. It's just a bit of a surprise to buy East West Bank at a high premium.

Right.

It's a high premium.

At this time, the market value of SIN International Bank was only $1.5 billion, and the purchase price was $1.8 billion, equivalent to a 20% premium.

After the news was announced, Tang Bao no longer paid attention to the reaction of the outside world. Just concentrate on bringing everyone to start integrating East West Bank and SIN International Bank...... (To be continued) R655