"Something is wrong, the people on the other side who attended the negotiation are not the ones who were announced before, what is going on?"

In the conference room of the Shilla Hotel, when the Kaminari Brothers entered the door, they found that there were only five Koreans of different looks waiting there, but they did not match the profile pictures they had obtained earlier.

After the mutual introduction, Mark. Shafair was annoyed to learn that he was just a lower-level employee of the Korea Development Bank and Hana Finance.

Cho Byung-seok, a middle-aged man in his forties, is the deputy general manager of the credit department of the Korea Development Bank, the only person who can be called a senior employee, and he is the heart of the South Korean negotiating team.

Lee Kwang-jeong, the 30-year-old deputy head of the finance department of Hana Financial Group, is a typical small character, with slender eyes that can barely see pupils, towering cheekbones and a short nose are the standard looks of Koreans. In Mark. In Shaafei's opinion, this person's eyes have flickered since the Kaminari Brothers' people entered the door, and he didn't even have the courage to look at people, how could such a person make a decision?

The other two are the role of junior clerks, although they hold their heads high and pretend to be full of confidence. Shafael could tell from their undulating chests that the other was just trying to calm down, otherwise there would not be sweat oozing from his forehead.

For such a role, Mark. Shafair did not even remember their names and positions.

[Only the last woman, who played the role of negotiation translator, named Yoo Dong-hee, because of her delicate facial features and beautiful face, made Mark. Shafir's looked at it a few more times.

"It seems that the sincerity of the other party is not very sufficient!" Mark. Shafir sighed secretly in his heart, but after thinking about it, he became optimistic again, "Maybe their top management is really busy. Or are these people just testing the troops? The Orientals have a very good set of tactics in the art of war, and I am afraid that it is also their strategy now. ”

As soon as I think of this, Mark. Shafair's face couldn't help but look much better, and the confidence that had disappeared just now regained his flaws.

Mark. Shafair is the head of the global M&A department of Kaminmen Brothers, a well-known banker. He was followed by M&A expert Brad Brown. Whiteman, Global Head of Kaminmen Brothers, Larry Brown. Visennick and lawyer represented Tom. Cable. Basically, the negotiating team of the Kaminari Brothers elite gathered.

"Gentlemen, I'm sure you should know about our Kaminari Brothers Holdings." After the pleasantries, Mark. "As a long-established investment bank, we have a presence all over the world, including South Korea. As one of the world's leading brokerages, we are renowned for IPOs, wealth management, commodities investing and equity analysis. So investing in our company is definitely a wise choice. ”

Mark. Shafair has brokered countless M&A deals, so he has a handy set of rhetoric for his opening remarks, but he may not have thought of it. He'll have to sell his company one day.

"We are well aware of the Kaminari brothers' position in the industry and the purpose of your visit to Seoul." Zhao Bingxi said expressionlessly, "Now let's talk about a plan that is acceptable to both parties." As you should be aware, we are not the ones to make decisions. But I can assure you that both your sincerity and what we are going to discuss will be faithfully delivered to those who can make decisions. ”

"Also, I'm very sorry. The presidents had very important things to do, so they were not able to participate in the negotiations in person. Zhao Bingxi's face showed guilt. He stood up and bowed deeply to the Kaminari brothers.

"This is the transaction document we drafted, do you want to see if there are any problems?"

For the low profile of the Korean side, Mark. Shafair didn't feel much pleasure, it was just a one-sided etiquette for the Koreans, and it had nothing to do with the negotiations. He took out a thick stack of essays from his briefcase and handed them to the other party. Said calmly.

Since the full text of the article was written in English, Zhao Bingxi just glanced at it and pushed it to Liu Dongji, saying, "Mr. Mark, we need time to study this article. So it can take a little time. Let's talk about the general content of the article, and we also have to estimate it. ”

"Good!" Mark. Shafir felt helpless, but had to bite the bullet and say, "According to our previous estimates, Kaminari Brothers Holdings intends to sell 100 million common shares and 20 million preferred shares. The common stock is valued at a discount of $40 per share and preferred shares at a discount of $50 per share, for a total of $5 billion in funds raised from you. These shares, in total, represent 20% of the total common share capital of Kaminariman. After the deal, Korea Development Bank is expected to own no more than 25 percent of Kammun Brothers, which is expected to become the largest shareholder. ”

In Mark. In Shafir's view, this deal is a very good deal, and it is basically unthinkable to become the largest shareholder of a financial giant on Wall Street with a mere $5 billion.

But the world shifts in time, Mark. Shafael didn't see a look of surprise in the other party's eyes, but a look of shock, and then he heard Zhao Bingxi ask in surprise: "$40, you're not mistaken, Mr. Mark." The price is too high! ”

"Very high?" Mark. Confused, Shafair looked back at Larry. Visennick and the others, seeing that there was a puzzled look in their eyes, immediately asked, "This price is not too high, Mr. Zhao." Based on our previous P/E ratio, this price is only 12 times, which is absolutely fair compared to stocks with more than 15 times P/E. And I am well aware that the South Korean government intends to restructure the domestic financial market and enter the international market. Now there is such a wonderful opportunity in front of you! ”

"But your stock price has fallen below the $40 mark today!" Zhao Bingxi was not moved at all, "At the price of $40, we might as well go to the market and buy those stocks that are flowing, why do we have to spend so much effort to buy them at a premium?" ”

"At this price, you won't be able to acquire such a large number of shares." Mark. Shafair retorted quietly, while motioning to several colleagues to take out their mobile phones to check the latest market of the Kaminari Brothers. The number had been drawn up before they had flown in, but it seems that things have changed quite a bit.

Soon. Visennick handed the phone to Mark, and despite the small screen of the BlackBerry, Mark. Shafair still clearly saw that the closing price in the early hours of this morning was $30.

This means that if the shares were to be sold for $40, the other party would have to pay a premium of at least 33%, a figure that no one could have agreed to. Because the amplitude is just too large.

At this very moment, Mark. Shaafeir's face was a little feverish, if according to the latest offer, it is possible for the other party to acquire such a large number of shares in the market.

"I think I can't use this article for the time being!"

The corners of Zhao Bingxi's mouth rose slightly, and he pushed the text back again, "Sorry, Mr. Mark, you may need to redraw a quotation article!" ”

After saying that, he didn't wait for any reaction from the people on the Kaminari brothers' side. He stood up and said apologetically, "We won't delay Mr. Mark and your colleagues." Until new prices are set, our doors are always open to you. Gentlemen,

Sorry for the missed company! ”

Watching Zhao Bingxi swagger away with people, Mark. Shaafir's face was so gloomy that it almost dripped. He knew he had lost first. But when he thought that there was still room for salvation, his mood improved a little.

"Damn, I didn't expect the stock price to fall so much!" Visennick's face was not good-looking, "Those guys who are short are too unscrupulous. Be sure to come to an agreement. to be able to save the current company. We may have to sell more shares. ”

"I can't do this!" Mark. Shafir slapped his head and said with some chagrin. "Contact the head office to see what the latest quotations, the share capital to be sold and the amount of funds raised will change. This matter must be grasped quickly, otherwise the problem will be strict! ”

According to the current market capitalization of Kaminhamon Brothers, it is about $15 billion. This is half of the $30 billion market value it once reached at its peak, and the worst thing is that the short sellers spread the news twice in three days. As a result, the market began to be pessimistic about the prospects of Kaminari Brothers, and in this case, it was time for Kaminari Brothers to disclose the financial statements for the first quarter, which can be described as a house leak that happened to rain overnight. If we can't raise money in time, I'm afraid the future of the Kaminari brothers will not be good.

And as the lead counsel, Tom . Lasso never spoke, he was Dick. Fude's cronies. But I don't know much about mergers. The reason for sending him was Dick. Fude wants a prison army. See Mark. Shafair and the others are gearing up, Tom. Lasso was also instantly filled with confidence.

This confidence gave him a delusion about the whole deal, so much so that he later reported it to Dick. On the phone, he conveyed a terribly wrong message, "Dick, I think there is a 70% certainty that this deal will be negotiated, and there seems to be a greater appetite on the Korean side, and it is very likely that they will seek to take control of our company." But no matter what, as long as the Kaminari brothers continue to survive, there will still be hope. ”

In the history of the Kaminariman brothers, they have had the experience of being acquired by other companies. However, after a group of Kaminari people tried their courage to fight, the Kaminari brothers regained their independent status. So if it is acquired by someone else or dominates the holding, these are not problems, as long as the other party can come out with real money at this time.

It's just that no one in front of them thought about what the final result would be, and they were still full of confidence that the deal would be completed. Shafair's face suddenly sank, and he said in distress: "Oops, something troublesome has happened!" ”

"What's the matter?" Hearing his words, everyone was shocked and asked.

Mark. Shafair looked around and saw the surprised expressions on the faces of all his colleagues, then smiled and said, pretending to be surprised, "They didn't arrange lunch for us." Damn, that's a real nuisance! ”

It turned out to be a pure prank! The hearts of the others suddenly relaxed, and they turned towards Mark. Shafair rolled his eyes and began to do his job in an orderly manner.

When I think about eating those kimchi and bibimbap with a strong smell, Mark . Shaafir's face changed again. But he quickly put those thoughts behind him and began to seriously consider the next negotiations.

……

"$4, how is that possible?"

When the market closed, there was a heated discussion about their stock price within the small circle of Soros. Lewis was the loudest questioning, causing the others to cover their ears in a nutshell.

"Of course it's possible!" Soros snorted coldly and said dissatisfiedly, "As long as we continue to suppress their stock prices and don't let them have the possibility of financing, I believe that no one will make a move, and in the end we can only repeat the old path of Bear Stearns!" ”

"In addition, I will give you a piece of news for free, the people of the Kaminari Brothers went to South Korea, and they want to get funds from foreign investors, but I'm afraid it's unlikely!" (To be continued......)

ps: Thank you book friend Huang Tianlong for voting for the monthly ticket! Finally took the time to insist on writing a chapter.,It's not easy.,I hope all new and old book friends can support this book on the basis of understanding the author.,Although it is inevitable that everyone will be disappointed in the update due to the sudden incident.,But I hope you don't be disappointed in this book.,The author will do his best to update ~ Friends who like this book must vote a lot ~ R1292