"President Fettner, we are very sincere and sincerely intend to acquire FirstWisconsin International Bank!" Edward emphasized.

Forehead.

Fettner suddenly came back to his senses, although Edward's appearance was not expected by him, but because of Edward's repeated statements, he had to pay attention to it. At the same time, Feitner was also very curious about what Edward had the courage to speak out about and acquire FirstWisconsin International Bank.

"Mr. Edward, I've been listening carefully to your terms......" After a moment's silence, Fettner replied, motioning for Edward to show the price of the acquisition.

Subconsciously, though, Fittner didn't believe Edward was capable of acquiring the big guy First Wisconsin International Bank.

FirstWisconsin International Bank's share price is about $29 per share, with a total market capitalization of $2.309 billion. Our offer is $2.4 billion! Edward smiled and quoted the price, which he was very confident in. In the context of the general distress of the banking industry, this offer is reasonable.

Soon.

Edward added: "President Fittner, we are taking an all-cash approach, and the acquisition is completed and paid in a lump sum. ”

"Okay, I'll report to the board of directors, and I'll get back to Mr. Edward when I have the results." Feitner replied very calmly.

"Waiting for your good news at any time......"

Hanging up, Fittner sat in his chair and thought, to be honest, Edward's offer on behalf of First International Cincinnati was not very attractive. The only thing that is exciting is that the other party is buying it with cash, and it is a one-time payment. This is especially true for shareholders who are eager to cash out and leave. Maybe it's a big temptation.

……

"$2.4 billion? The purchase price is too low! One of the directors shook his head and said. Apparently disapproving of the offer, the other directors nodded in agreement. Just half a month ago, FirstWisconsin International Bank's market capitalization was just one step away from $5 billion.

"What I need is bank stocks, not cashing out and leaving when the market is down!" So says a deep-pocketed director. The crisis in the banking sector did not frighten him. Even if the stock price plummets, he is willing to keep the stock and wait for the market to turn around!

"Yes, I'd prefer to hold bank stocks rather than cash!" Someone chimed in.

……

The board lasted less than half an hour. It ended in a hurry. Edward's offer was rejected for nothing and, without surprisingly, was rejected.

"Mr. Edward, I regret to inform you that your offer was rejected by the Board of Directors." Feitner informs Edward.

"What?"

Edward's voice increased sharply, apparently a far cry from what he had expected, and he was very surprised. It was vetoed, how could it be.

He felt that the acquisition offer he gave was very reasonable.

Call.

Edward calmed down. "President Feitna, I would like to know why the board of directors of FirstWisconsin International Bank vetoed the acquisition. If you don't like something, we can sit down and discuss it. "Edward has been eyeing FirstWisconsin for a long time, and he has finally seized the opportunity. Obviously, it is impossible to easily retreat because of a small setback.

"First, the offer did not meet the board's expectations; Second, not every shareholder is willing to walk away with cash. Many shareholders tend to hold bank shares! Feitner was very succinct in telling Edward the reason for the board's veto.

"Share swap?"

Edward asked, trying.

"Yes, it's a share swap. That's what the board means! "Fittner admits authenticity, of course. Executives, including him, are inclined to do just that. FirstWisconsin International Bank is so large that even if its stock price plummets after being hit, it still has a market capitalization of more than $2 billion. By way of share swap and being merged into the new company, FirstWisconsin International Bank can still occupy a large voice.

Share Exchange ......

Edward felt helpless, the market value of First International Cincinnati is only more than 100 million US dollars, if it is really a merger by way of share exchange, then in the end FirstWisconsin International Bank still occupies the majority of the equity, which is equivalent to sending them to the door to eat each other.

Apparently.

This is something that Edward could not bear, and of course Cincinnati of First International would not agree!

"President Feitner, how about the cash plus stock?" Edward asked tentatively, as long as he got a controlling stake, it didn't hurt to exchange a small part of the stock.

"Hmm. It's okay to talk! ”

Feitner did not refuse.

The two discussed for about half an hour, and it seemed that there was some progress, and it seemed that both Edward and Fettner were willing to make a deal. There are only some important issues that Edward and Feitner have no right to decide, and must be approved by their respective boards.

……

Scold.

At the end of the conversation, Feitner lay relaxed in the swivel chair, seemingly in a good mood, as if very satisfied with Edward's new acquisition proposal.

The next few days.

With minimal authorization from their respective boards, Feitner and Edward began round after round of negotiations, albeit slowly.

Frequent communication and interaction naturally cannot hide from the eyes of the media. Soon, a reporter learned that FirstWisconsin International Bank was negotiating with First International Cincinnati, which was interested in acquiring the former. The news broke out, and it immediately caused another shock.

FirstWisconsin International Bank's share price fell again, hitting new lows. Because the market suspects that FirstWisconsin International Bank is really in trouble, otherwise, why accept a merger and acquisition from a rival at this sensitive time.

"Hey, hello. I'm Feitner! Feitner's voice was capable and passionate. Although the share price of FirstWisconsin International Bank has fallen again, he is in a good mood because he has made considerable progress in the merger and acquisition negotiations with Edward. It is not far from reaching a consensus between the two sides.

"Hi Feitner, I'm Rand from Wells Fargo!"

"Rand?"

Fettner was surprised, and secretly wondered what Rand was looking for him. He and Rand had only met once at a business party, and they were familiar, not familiar.

"I've heard about FirstWisconsin International Bank, well, Wells Fargo is also very interested in that." Rand said with a smile.

"Really?"

Feitner asked in surprise. If it can merge with Wells Fargo, it will be more than 100 times stronger than First International Cincinnati.

"Hmm. Fittner, I'll get over there and talk about it at that time,......" Rand said.

"Okay."

Feitner hurriedly agreed.

……

"Hey, Fettner, I'm Haig from National Bank, and I'd like to talk to you about the acquisition of FirstWisconsin International Bank."

"No problem!"

Feitner readily agreed, and then quickly agreed on a time and place for negotiations.

……

"Hey, hello. I'm Fettner. ”

"Hello, President Feitner, I'm Fresenden, President of Bank of America. Bank of America is interested in participating in the acquisition of FirstWisconsin International Bank! After Fresenden reported his home, he quickly explained his intentions.

"Forehead ......"

"Huh? President of Feitner. Could it be that there is a problem? Fresenden heard the hesitation on the phone, his heart suddenly tightened, and he hurriedly asked. For Bank of America, FirstWisconsin International Bank is a high-quality asset. The acquisition of it can improve the quality of Bank of America.

"Oh no. No problem. Bank of America's interest in participating in the acquisition of FirstWisconsin International Bank is welcome. Feitner hurriedly said.

……

"Fettner, I'm Livingston, and Washington Mutual wants to be in the race to buy FirstWisconsin International Bank."

"Hey ......"

……

After the media broke the news that FirstWisconsin International Bank was negotiating with First International Cincinnati for mergers and acquisitions, Feitner received phone calls from the presidents of more than 20 banks and investment institutions, all of whom expressed their intention to participate in the competition for the acquisition of FirstWisconsin International Bank.

Before.

Although the market has long been flooded with all kinds of bad news about FirstWisconsin International Bank, no one has acted until it is confirmed. It wasn't until now that it was determined that FirstWisconsin International Bank had a real problem, and it was only then that they came to the fore.

Soon.

Many banks and investment institutions that have contacted Feitner have released rumors that they are interested in acquiring FirstWisconsin International Bank.

In a flash.

FirstWisconsin International Bank has become a slugger for everyone, and shares edged up 3.6% on the news.

To say.

Whoever is happiest at this time is naturally the board of directors of the international bank of Fitner and FirstWisconsin, and with so many people grabbing it, they can naturally sell it for a good price.

And the most depressed is Edward of the First International Cincinnati, who is about to reach an acquisition intention, who knows that so many competitors suddenly appeared. Some of the opponents are still very strong...... In this regard, Edward was full of regret and helplessness, he and Feitner did not sign any agreement, nor did they have any commitments. There was no reason for him to stop FirstWisconsin from approaching other parties!

……

"Oh, it's really hilarious."

Seeing that more and more banks and investment institutions expressed their intention to participate in the competition to acquire FirstWisconsin International Bank, Tang Bao said with a low smile.

"Boss. You don't have an idea, do you? Winnieberg asked worriedly.

"Hmm."

Tang Bao nodded.

"Ah...... Boss, the scale of FirstWisconsin International Bank is very large, and judging from the actions of the other party, the rumors in the market may be true. And if it goes wrong, it could create tens of billions of dollars in debt, and it would be unwise for East West Bank to step in. Vieneberg reminded. After a pause, he said: "Boss, East West Bank has been expanding through mergers and acquisitions one after another, it's time to stop and digest it, as long as the integration is good, it can rank in the top 20 in the U.S. banking industry, and there is no need to risk expansion." ”

"So you say, if East West Bank acquires FirstWisconsin International Bank, can it advance into the top 10 of American banks?" Tang Bao said with a smile.

"Hmm."

Winnieberg hummed helplessly. FirstWisconsin International Bank's assets are much larger than East West Bank's.

However, he was worried that swallowing FirstWisconsin International Bank would cause indigestion......

……

The result of the conversation, of course, was to participate in the bidding. Anyone who made up his mind to make a move, it was almost impossible for anyone to convince him to change his decision.

Tang Bao's optimistic Winnieburg is not good!

When he was evening.

Tang Bao announced that East West Bank will participate in the bid for FirstWisconsin International Bank! (To be continued......)