Because of the aftermath of the Kaminmen Brothers incident, the entire market fell in panic. For Paulson and Castle, both applied to withdraw from the short-selling alliance due to the increased volatility of Sigma in the market and the increased opportunities for profit. So far, only Soros and the other three are still coveting Stanley and Goodman.

"George, those two are out, it won't affect our plans, right?"

Julian. Robertson asked cautiously. He has always had a certain opinion about these two upstarts, but Soros has always insisted that the two stay in the alliance, which makes him suppress the dissatisfaction in his heart. Now that the two have withdrawn, he should have breathed a sigh of relief, but he was afraid that the other party might leak secrets, and he would have some gains and losses.

"Julian, you are too careful, what secrets do you have to tell about the development of the shape to the present?"

Soros straightened his sun hat and chuckled. Robertson's concern scoffed, "Now everyone on earth knows that Stanley and Goodman are in big trouble, and hedge funds with a little bit of thought are trying to short them in every possible way." Although I don't know what these two think, but now that we have sufficient liquidity, there is no need to force others to stay, let's let them go. By the way, did you know that Stanley & Co. is looking to merge with Midland Bank? ”

"What? Midland Bank? ”

Julian. Robertson was taken aback, and his face changed, "If that's the case, Stanley's troubles will be solved." I just don't know, how are the negotiations between the two sides? ”

"Don't worry, I don't think this deal will happen!"

Compared to Julian. Robertson's shock, Soros's reaction was much colder, "Without Paulson's rescue plan, it would have been difficult for Stanley to get through this level." However, Midland Bank is not a good counterparty. Not to mention anything else, whether it was Midland Bank's merger with Stanley or Stanley's acquisition of Midland Bank is still unclear. So far, my biggest concern is the threat from Huaxia. ”

"You mean the rumors about Huatou?" Julian. Robertson's face became difficult to look at again, "The Chinese seem to own 9.9% of Stanley's shares, so now they have to make another move." What are you going to do? It can't be thinking about holdings, right? ”

"No matter what they want to do, their identity as Huaxia people is a big problem!" The corners of Soros's mouth unconsciously raised, and an unpredictable smile appeared on his face, "I'll arrange for us to fly straight to Capitol Hill later, and let's see if something happens." ”

……

Soros was not wrong at all, Stanley was indeed negotiating with Midland Bank, but both sides had evil intentions, and Stanley wanted to maintain independence. Or merge with Midland Bank. As for Midland Bank, they are even less interested in Stanley because the government has promised to buy toxic assets, which has made them lose interest in merging investment banks, and there is a Goodman company as a spare tire.

Naturally, in this case, the teams on both sides only made a slight contact and sensed that the other party was not sincere. Huff.

"Mr. Gao, is your waist better?"

And on the top floor of Stanley's headquarters. There are three offices with the nameplate of Huatou. Mark even appeared here and greeted Gao Dongfang, the general manager of Huatou.

Gao Dongfang and his entourage arrived at Stanley yesterday, and the two sides officially launched the first step of contact with Stanley's equity transfer. Maybe it was because of the long distance, or because he was not in good health, Gao Dongfang, who was talking on the phone in the conference room, fell down because of back pain. Stanley, for his part, was shocked. Quickly arranged a comfortable office for Gao Dongfang, and invited a physical masseuse.

"It's much better, thank you Mr. John for your concern!" The corners of Gao Dongfang's mouth twitched, and his expression was slightly unnatural, "The physiotherapist you introduced has very good skills. I don't feel any pain in my back at all. ”

The sudden back spasm made Gao Dongfang miserable, and even after the treatment of the physiotherapist, Gao Dongfang only slightly relieved the pain. But these of which he naturally would not have had on John. Mark said that because he came here to negotiate, he did not ask the other party to introduce a physiotherapist.

"In that case, can we start negotiating?" Facing Gao Dongfang's slightly pale face, John. Mark knew that the other party was just saying kind words, but at this time he was so anxious that he couldn't care too much. You must know that in the past two days, another $40 billion has evaporated from Stanley's books, and this weekend, he must find a way to get a sum of money for Stanley, otherwise he can't imagine what the situation will be after the opening of the market next week.

"Of course!"

The blessing in disguise is that because of Gao Dongfang's back spasm, the people of Huatou have a night to review the information provided by Stanley, which invisibly increases more bargaining chips with Stanley.

"$50 billion in credit authorization, no more than $5 billion in equity acquisitions, that's our condition!" In the negotiation room, Gao Dongfang's team reported a figure that shocked Stanley, "Of course, this is the condition we initially offered, and other conditions can be negotiated, we hope to have 40% of Stanley's equity." ”

Even if he was ready to be robbed while he was taking advantage of the fire, John. Mark was still shocked by this number, "$5 billion wants to own 40% of the equity, this ...... How is this possible? ”

Even at its current market capitalization, 40 percent of Stanley's shares are by no means as cheap as $5 billion. But with $50 billion in credit, the whole picture is different. Because of this infusion of funds, the problem of the loss of liquidity faced by the entire Stanley is solved.

"We looked at Stanley's financial statements carefully, and although they weren't comprehensive, we found a little bit different from what was publicly available." Gao Dong explained expressionlessly, "According to what you have preached before, 12% of the assets have been lost. But after our overnight review, it was found that this number is not particularly accurate. According to our preliminary audit, this figure should be between 15% and 20%, which is much more than we expected. ”

"Let's think about this number!" John. Mark's face sank. He knew that the other party was taking advantage of the fire, but for Stanley at the moment, there were not many options they could face.

The meeting soon ran out of steam. Only the low-level employees were left to communicate, and the higher-ups hid in other places to discuss countermeasures.

"It's hard for us to accept this condition, they are robbing, this is a crime!"

In a closed office, a group of Stanley executives were discussing the terms of the company. Kelleher was furious. "These guys are not reliable at all, and like Midland Bank, they have no sincerity."

Like him, the other high-level officials present also looked angry. It is no wonder that they are so dissatisfied, because according to the current price of Huatou, most of them will lose more than half of their value, which is obviously not satisfactory.

"Relax, my friend!" John. Mark had to stand up and comfort everyone, "They actually used this offer as an excuse for negotiations." The sky-high price is repaid on the spot. It's always been the case, and we still have a chance to come to an agreement. ”

"And what about our bottom line?" Dick. Marshall asked. He is one of the co-leaders of the global M&A department and has a strong say in the sale as one of the principals.

"Selling at market value, or selling at a premium, this must not change!" John. Mark said categorically, "Huaxia people plan to bundle credit and equity together, so we have to separate the two. In fact, 40% of the shares are worth more than $10 billion. If we could have sold this part of the equity at a normal price, maybe we wouldn't need as much money at all. What we can do at the moment. It is to stabilize the Chinese people first, and then look for possible credit in the market. ”

"If we can find it, we will take the initiative in the negotiations with them. Of course, we must have Plan B, which is to accept the offer of the Chinese in the event that the search is fruitless. Although so far, we still have quite a few funds in our account. But we have to realize that by next week, or Monday, or Friday, our troubles are going to explode. So before this final grace comes. We have to make a choice. ”

John. Mark saw the shape very clearly, he knew that in the current market environment, it is simply unrealistic to find an institution that can raise $10 billion or even more funds, and Huatou is one of the few institutions that can shell out so much money, and it would be too irrational to give up such a buyer, even if the offer given by the other party is very unreasonable. But by this time, there were not many options left for them.

After convincing a large number of directors, John . Mark pulled out the phone from his arms and dialed Geithner's phone in front of everyone.

"Timothy, I'm John, John of Stanley." He opened his mouth to greet him, "I believe you already know, we are negotiating with the Huaxia people, and I hope they can help us when necessary." ”

"Yes, I already know!" Geithner was very elated, and he was naturally happy to see the agencies save themselves, "John, I heard that your situation is very bad, is that so?" How, and for how long? ”

"It's going to last a while, but it won't be for long. You know, we're in trouble, quite a bit of trouble. "John. Mark shook his head and sighed, "Timothy, now Huatou has offered a very harsh condition, and this figure is unacceptable to us. I wonder if there is something the government can do to get us out of the very unfavorable situation that we are in negotiating at this time? ”

"What can we do?" Geithner's tone became stern, "If we can do anything, please don't be polite and tell us as much as you can." ”

"That's right!" John. Mark was naturally overjoyed when he heard this, "Now Huatou wants to tie the equity acquisition and capital credit together to negotiate, so their price is very low." In order to get out of the current unfavorable situation, I would like to ask the Federal Reserve or the Treasury Department to help us find a credit facility in the market with a considerable amount of money, so that our shares can be sold at a higher price. ”

"How much credit?" Geithner asked, "Well, I'll call Citi and JPMorgan Chase to see if they're interested in you." Or if they can provide you with a certain amount of financial assistance, I'll ask them to call you. ”

"It would be great if we could do that." John. Mark was overjoyed and thanked again and again, "Timothy, thank you very much for reaching out at this time, we will remember this kindness." ”

After hanging up the phone, Geithner silently pulled out a piece of paper and solemnly wrote on it: "Stanley, Citi, JPMorgan Chase." After thinking about it, he added "Huatou" again. He looked at these words alone in a daze for a long time, and solemnly added a few big words "Defend Stanley" next to it! (To be continued......)

PS: Thank you to the book friend James Five Wukong, zwhaaa, let me think about it, Shi Huangtian, God, it's really hard to name it, kalm god, the wind waiting for the mooring, the gambler is not me, Zhou Shao, Guardian 1 and many other book friends voted for the monthly ticket! Thank you for the book friend Xiaoqi's miracle of civilization again! Seeing so much support from everyone, the author is grateful. I was physically and mentally exhausted some time ago, and I've been sick for the past few days...... This month's update is really too powerful.,I'm sorry for everyone.,I just hope to be as good as possible.,Strive for a stable dìng update~