Chapter 156: Ants Eat Elephants
FirstWisconsin International Bank, which had been strong during the storm, was suddenly swept up without warning, and its stock price plummeted. There are various rumors circulating in the market that FirstWisconsin International Bank is also facing huge losses due to excessive participation in the real estate industry, and is even in danger of bankruptcy. For a while, some investors who held shares of FirstWisconsin International Bank saw that the situation was not good, and they were so frightened that they hurriedly sold their stocks, forming a large selling wave, but there were very few receivers.
As a result, the share price of FirstWisconsin International Bank has been hit hard by this sell-off.
That day.
FirstWisconsin International Bank's stock closed at $29.05, a 17% plunge from yesterday's close.
……
"Damn, who the hell leaked the news......?" In the conference room of FirstWisconsin International Bank, Feitner roared in front of many executives, and at this time, he was really angry and annoyed, and he didn't bother to pay attention to his image as president.
Many executives sat there, silent.
FirstWisconsin International Bank is a huge bank, and problems are more difficult to solve, and everyone keeps their mouths shut until they come up with an effective solution.
"President, there are only a limited number of executives who have permission to see the financial situation of the entire FirstWisconsin International Bank, and these people are all old employees, and it is absolutely impossible to leak the news. The news coming out of the market seems to be extremely true and inside information, but it does not give substantial evidence, I think someone wants to attack our bank......" Chief Financial Officer Pierce said as he looked at the silent crowd.
Call.
Pierce's words made Fatner smile wryly. It is clear that everyone misunderstood what he meant, and the "who" he said was one of the people he called to raise money, not because he suspected that a bank executive had leaked secrets. However, it is good that if it is clear that FirstWisconsin International Bank is facing such a difficult situation may be caused by his carelessness, he may be under heavy pressure.
He may even be dismissed as president for this......
"Pierce, you're saying someone wants to do something to our bank?" Feitner adjusted his mood a little and followed Pierce's words.
"Yes."
Pierce nodded and explained, "As you all know, the financial market environment is a bit chaotic right now. While many people are worried about this, there are also people who are secretly planning to make a lot of money. For example, many institutions have recently taken advantage of the chaos to short bank stocks......"
"Huh? Pierce: Are you saying someone is shorting shares of FirstWisconsin International Bank? Feitner asked, somewhat surprised.
Recent.
FirstWisconsin International Bank's stock has been doing well, and even in some difficult situations, the stock price has not experienced sharp fluctuations. It can be said that it is a rare stable stock. Most of the people who hold FirstWisconsin International Bank are long-term investors, and basically no one dares to short a large number of FirstWisconsin International Bank shares to make quick money.
"Well, maybe I was careless. Let some people see the opportunity......" Fittner said with chagrin, he was confident that the reason for rushing to raise money was perfect, but in this financial field. A few of them were fools, and no one would believe them all.
Pierce thought for a moment and guessed, "Yes." There is such a possibility...... Someone may have noticed that there was something wrong with FirstWisconsin International Bank. Only then did he decisively seize the opportunity and suppress it. ”
FirstWisconsin International Bank has long had problems, but. It has been well hidden, it is not clear to the outside world, and the stock price has not fluctuated at a distance. They rarely keep an eye on the stock price, so it is unclear whether any institutions will take short positions during this stock price crash.
After the exchange was closed, they also quickly investigated the transaction records and found no institutions, but this does not completely rule out such suspicions.
"President, if an institution targets our FirstWisconsin International Bank, it will be really troublesome." Pierce said worriedly.
"I understand!"
Feitner agrees, especially those damn hedge funds, a little bit of institutional grabs can be amplified without limits. Toss for a few weeks, get enough profits before they retreat, as for the life and death of the target company, they will not pay attention to these, they only have profits in their hearts.
"In the bank's situation, if an institution shorts a large amount of money, FirstWisconsin International Bank has no ability to fight back, so it can only sit and wait to be slaughtered...... Fittner's heart suddenly became more irritable and uneasy when he thought of the situation that FirstWisconsin International Bank might be facing.
Alas.
FirstWisconsin International Bank itself has already made itself in a thousand holes, and if the outside forces attack again, it may be the end of the collapse of the edifice.
……
"Uh-huh."
At this time, Allen, who was sitting on Fittner's left, coughed lightly, and then said, "After listening to Pierce's analysis, I thought of another possibility......
"What possibility?"
Feitner put away his restless mood, forced himself to calm down, turned his gaze to the bank's chief operating officer, Allen, and asked.
Let's be honest.
Like the behemoth of FirstWisconsin International Bank, the company is not monolithic, but also belongs to multiple factions, and Alan happens to be not in the same faction as Fitzner, and there is usually intrigue and a little tense relationship. However, no matter which camp it belongs to, there is no reason to tear your face directly. What's more, what they are discussing now is a matter of life and death for FirstWisconsin International Bank, and even if it is a sworn enemy, Feitner has to put aside his personal grievances for the time being. Listen to Alan.
"Hmm. Pierce is right when he says that someone must have taken action on FirstWisconsin International Bank, but it may not only be a capital institution, but also a competitor. Someone wants to take advantage of this opportunity to swallow up FirstWisconsin International Bank! Alan made his own guess.
Wow.
As soon as this remark came out, many executives were shocked and couldn't help but discuss it in a low voice. FirstWisconsin International Bank is a huge bank that no one can swallow up. Before Allen came up with this idea, people including Fiitner. Didn't think about that.
all these years.
Only FirstWisconsin International Bank has swallowed up the other banks, and no one ever thought that someone would swallow them!
Looking around, I saw that many executives were emotional and unbelievable.
Alan smiled lightly and said, "Maybe you think this thing is impossible. However, nothing is impossible in this world. It is normal for an adversary to attempt to merge with FirstWisconsin International Bank. Especially at this particular juncture! ”
"Well, one more thing, Pierce was absolutely right. Someone must have caught the sore spot of FirstWisconsin International Bank...... No one dares to touch the able-bodied FirstWisconsin International Bank. I don't have the strength to touch it, but when the other party learns that FirstWisconsin International Bank is already sick, will it be soft? Alan looked at the many executives. He asked very calmly.
“……”
Everyone was silent and did not stand up to refute. Yes, FirstWisconsin International Bank is in a deep quagmire, for their competitors. It's a once-in-a-lifetime opportunity. In the face of this opportunity, I am afraid that no one wants to miss it in vain.
"Heh, maybe one of our competitors at this point. An emergency meeting is being held just like we are holding to discuss when to acquire FirstWisconsin International Bank. Alan said calmly.
The words fell.
Feitner and other high-level officials were silent.
"If FirstWisconsin International Bank were to be acquired by a rival, I would have given it to the other party...... "Fettner thought to himself.
Suddenly.
The atmosphere in the conference room became solemn and silent again. I'm used to merging with opponents and expanding, and suddenly I hear that I may also be eaten by my opponents, so I feel a little uncomfortable in my heart. And this sense of discomfort is especially evident in the executives of FirstWisconsin International Bank!
Because.
In the development strategy plan formulated by FirstWisconsin International Bank, many M&A targets have been locked, and some are even in the planning and implementation stage.
"Huh. In fact, you don't need to be so discouraged, FirstWisconsin International Bank's development strategy is mergers and acquisitions expansion, now, some banks want to merge with us, and we take the initiative to find mergers and acquisitions targets, the results are the same, are the rapid expansion. Alan said with a smile. Perhaps, we should think about how to obtain more powerful equity and rights in the new company! ”
……
Days on end.
The negative news about FirstWisconsin International Bank intensified, and even if Fittner came out to refute the rumors, it was to no avail, and the stock price continued to fall.
Syllable.
After a heated argument, Fettner angrily hung up the phone, but with a deep sense of unease, the bank's internal directors suspected that someone had leaked FirstWisconsin international bank secrets and demanded an internal investigation. Naturally, Feitner was strongly opposed to this.
So the two had a fierce argument, and even in the end he threw the phone in anger.
Call......
Feitner was very worried, and the board of directors found out what had happened.
"Peel, I promise there's no internal problem, I'm too busy to die now, can you please stop making a mess......" Feitner said angrily.
"Huh? First International Cincinnati? Edward...... Oh, I'm so sorry, I misunderstood. "Fittner mistakenly thought that Peel was calling, and he couldn't help but get angry, but unexpectedly made a fuss." Hello, Mr. Edward. What are you looking for from me? ”
"We are interested in acquiring FirstWisconsin International Bank!" Edward was very direct about the intentions.
"What...... Merger? ”
Fettner was surprised, although Alan had already guessed that someone might want to acquire FirstWisconsin International Bank, but he couldn't help but be surprised that it really happened. In his mind, even if someone wanted to acquire FirstWisconsin International Bank, the person who appeared should not be Edward, because the strength of First International Cincinnati mentioned by Edward was not strong, and it was even a few grades worse than FirstWisconsin International Bank. The gap between the two is like an ant and an elephant, and the other party is not even a snake...... Nowadays, it is said that an ant wants to eat an elephant.
How could Fettner not be surprised?
"Yes, the acquisition of FirstWisconsin International Bank!" Edward repeated again.
“……”
Fittner was speechless, he really couldn't believe that this was true, what was Edward's confidence in buying FirstWisconsin International Bank? (To be continued......)