Chapter 157: The Humiliated Huatou
The efficiency of the Japanese was quick, and at seven o'clock the next morning, John. In front of Mark's desk was a fax from the Far East, and Mitsubishi UFJ Financial Group was interested in Stanley's shares.
More than just a letter of intent, Mitsubishi UFJ negotiators flew overnight to New York and were expected to land at JFK International Airport at 8:00 a.m. ET.
"Mr. Zhong is amazing!"
John. Mark was overjoyed, he naturally knew that this was the buyer that Zhongshi had found for them, although he did not know how the other party persuaded the Mitsubishi UFJ Financial Group, but he was shocked by the speed and efficiency. After the initial euphoria faded, he fell into a deep fear that Zhong Shi had such a huge energy, what would he be like when he promised him?
It's just that now there is no regret medicine to take!
But there's not much time left for John. Mark thought about it, he had to get everything ready before the arrival of the Japanese. After making a few phone calls and gathering the relevant responsible persons to arrange them, he made another phone call to Nobuo Banyanagi, chairman of Mitsubishi UFJ Financial, and said some words of thanks, but he didn't notice the surprise in the other party's tone.
"John, I need you to do something right now!"
Everything has just been taken care of, Henry. Paulson's phone called. As soon as the U.S. Treasury Secretary spoke, he used an unquestionable tone, which made John . A surge of anger rose in Mark's heart.
So far, officials, including the Federal Reserve and the U.S. Treasury, have been of little help to the predicament faced by Stanley. Mark was very angry. Compared to the consortium rescue meeting held for the Kaminari brothers, officials have only helped Stanley find two possible buyers so far. Midland Bank just had an eyebrow with Stanley for a while, and then switched to the arms of Goodman & Co., while JPMorgan Chase. It was just a condolence phone call, perhaps due to official pressure, so there was no follow-up.
The Stanley Company struggles in the market every day, and a number of high-level executives, including Paulson, have not ignored it, but in fact it is about the same. That's what Mark thought. When I think of the amount of money spent on lobbying groups every year. He was angry.
But anger to anger, he still had to respectfully reply to Paulson's words, "What do you mean?" If it's to raise funds, I don't think we need it for the time being. Japan's Mitsubishi UFJ Financial is about to negotiate with us, and they are full of sincerity. You said we could do it ourselves, and now we're almost done. ”
He basically knew what Paulson's call meant, that before Stanley could turn into a bank holding company, they would have to raise a large amount of liquidity to tide over the current difficulties, or it would all be for nothing. Many high-level government officials, including Geithner, have briefed him on several occasions.
"I know!" Paulson didn't seem to hear John clearly. What Mark said, he directly denied, "You have to find a new trading partner." ”
"What? Are you kidding? "John. Mark couldn't believe his ears, so he had to tell the other party again, "I already have the Japanese, and Mitsubishi UFJ has intervened." It's only a matter of time before we come to an agreement, why should I look for a new trading partner? ”
Paulson knew nothing about Stanley's private dealings, and he judged them based on his experience with Goodman. "Don't do that, John." You and I know Japan very well. They're not going to make this deal, they're not going to move so fast. I think it's better to focus on the Chinese or JPMorgan Chase. ”
"No, the Japanese I know are not what you say they are!" John. Mark laughed angrily and unceremoniously mocked, "Henry, there is something I have to tell you. The Nippon Foundation has always maintained a good relationship with us. We have a good understanding of their way of doing things and their style, and from what I've talked to at the top of Mitsubishi UFJ, they are really interested in buying our shares, and they are doing it with amazing speed. I believe in all this. They will be our saviors. ”
"And even if we can negotiate successfully with the Huaxia people, can you guarantee that the SEC will approve this deal? Oh, by the way, I'm afraid your rescue plan hasn't been approved by those members of Congress yet. You're in big trouble of your own, are you going to let us fall short when we find the possibility of survival? ”
Having said all this, John. Mark never thought to tell Paulson the truth, and it was enough for him, Zhongshi, and the Japanese side to know the deal behind it.
"And, if you're in the memory, they launched a hostile takeover of Union Bank of California at the beginning of the year. While they rarely launch hostile takeovers, once they decide on something, they go all out. We were their financial advisors and were involved throughout the acquisition process. I have to say that the determination and execution of the Japanese people are far beyond our imagination. They'll help us get through it, yes, they will. ”
John. Mark in order to convince Henry. Paulson, again, brings up another example of dealing with the Japanese.
It's just a pity that the US Treasury Secretary didn't believe it at all, but he couldn't promise it either. Mark, in fact, his rescue plan has just been introduced, and he has to wait for congressional approval, and he really can't take care of Stanley or Goodman during this time. And John. Mark's tough attitude also surprised him, as it seemed that the CEO was not buying his account anymore. He sighed at the moment, and finally reluctantly persuaded, "They won't, John." ”
"I don't think we have anything to talk about!" John. Mark finally couldn't contain the anger in his chest and hung up the phone with a bang.
"Let me get out of the way and tell the outside world that Stanley is about to turn into a bank holding company!" John. After being sulking for a while, Mark decided not to take this matter to heart, and instructed the secretary, "In addition, rearrange my schedule, cancel the meeting with Huaxia Investment, and I will personally go to receive the Japanese." ”
Happily, the market reacted positively quickly after the news broke that Stanley and Goodman were highly likely to announce that they would become bank holding companies. Transform from an investment bank to a commercial bank. This is a major change. While subject to numerous regulations, such as the Basel Accord, it also means that Stanley and Goodman no longer have to borrow money in a chaotic and fearful market when necessary, but instead take cash directly from the central bank.
Such a major change injected a boost into the market, and the stock prices of both companies turned from falling to rising. However, the market is cautious after all, and there are doubts about whether the two companies can support the transformation until the official news is confirmed. As a result, the share prices of both companies have not risen much. At the close, Stanley's shares were up 3.5 percent, while Goodman's shares were up 6.9 percent.
……
"You're negotiating with the Japanese?"
After the conclusion of preliminary negotiations with the Japanese, John . Mark had just returned to the office, and before he could catch his breath, the door was suddenly violently pushed open from the outside, and then a figure rushed in, asking angrily.
As the main person in charge of Huatou, Gao Dongfang is full of confidence in this transaction. The market value of Stanley's stock, which was originally invested, is now only 60% of what it was invested in. Now taking advantage of the fire to rob can not only lower the total price, but also control a promising financial company and break into the inner circle of the European and American financial systems, which is his wishful thinking. It is precisely because of this that he did not hesitate to use $50 billion in loans, which accounted for almost half of the total funds of Huatou.
Since Zhang Hang's family was put aside, Gao Dongfang has been planning to have a big vote.
But after arriving in the United States, he gradually found out. The situation is not as simple as you think. The first is Stanley's ambiguous attitude. The position is uncertain, and the progress of the negotiations is far less rapid than I imagined. In particular, some right-wing congressmen in the United States have expressed their concern about the entry of Huaxia funds into the US market on different occasions.
Most importantly, the competition from the U.S. peers. This made Gao Dongfang a big headache, you must know that under the same conditions, Stanley will inevitably choose the cooperation of American institutions. Even if the conditions are a little worse, as long as Stanley continues to operate, Stanley may abandon Huatou.
Of course. Gao Dongfang and his team will not sit still, in fact, in a little more than a week, they have done a lot of work. This includes finding out who is interested in Stanley and what Stanley's internal cash situation is. Eventually, they came to the conclusion that there were few companies interested in Stanley in the market, and that there was a large outflow of cash from Stanley, and the outlook was worrying.
Both news constituted a clear positive for Huatou, which also made Gao Dongfang full of confidence in the whole deal, and his attitude became tougher and tougher during the negotiations. Even when Congressman Rogers spoke, he didn't pay any attention to it.
Before and Jamie. Dimon's call was a ploy by Gao Dongfang to test whether JPMorgan Chase was interested in Stanley, and he also got the result he wanted.
"Gao, it's you!" John. The anger on Mark's face flashed, and then he smiled and said, "Gao, have you heard something?" Tell you, don't believe what the outside world says, we did contact the Japanese before we came into contact with you, but they have already rejected me. ”
"Really?" Gao Dongfang was stunned for a moment, and then became even more angry, "John, we all know what you said. But what I want to ask you is, is Stanley still in contact with the Japanese? Is it today? ”
Because of historical reasons, China and Japan have always been at odds with each other, and this kind of grievance also exists in various consortia, especially sovereign funds like Huaxia Investment, which do not deal with Japanese consortia because they represent the will of the country.
Gao Dongfang was even more angry that Stanley made high-profile contact with himself on the one hand, and secretly contacted the Japanese on the other hand, which made him feel betrayed, which made him particularly unbearable, knowing that he represented the will of the country.
"This ......"
John. Mark still wanted to hide it, but for a while, he couldn't find a good excuse, so he couldn't agree.
A look at John. Mark's appearance, Gao Dongfang still doesn't understand. Angry, his eyes almost burst into flames, and he laughed angrily: "John, you did a good job, very good!" You must know that you are the first batch of overseas institutions to cooperate with the Chinese government, and although our cooperation has not been pleasant over the years, we have also established a good relationship. But I never imagined that at such a critical time, you would betray us. Wait, I'll let you know. ”
After saying that, Gao Dongfang ignored John. Mark retained, slammed the door and left, taking his negotiation team with him, and left without looking back.
Huatou completely failed in the operation to annex Stanley! (To be continued......)
PS: Thank you book friends for cutting off the oil and Xia Yangyang for voting for the monthly pass! Thank you for your support, and I hope that the results of this book will turn around this month, and the author and everyone will work together!