In a mysterious space.

Ji Cheng kept reading all the information related to the Volkswagen Porsche merger and acquisition, such as the detailed explanation and analysis of the example, because the current M&A methods used by Chase Bank for First National Bank of Boston are very similar to this example, so it is necessary to analyze these.

And he also understands one thing, that is, the laws of different countries are different, and some aspects need to be revised and expanded little by little, so as to come up with a perfect plan, the ultimate perfect plan that can defeat the Chase Bank, the core financial instrument of the Rockefeller family.

Ji Cheng quickly discovered a key point, that is, when Porsche attacked Wolfsburg, it used option trading to lock in 31.5% of Volkswagen's liquid stock calls, and it was not leveraged and paid in cash in full.

"Because the Frankfurt market has a special rule: if the party buying an option pays the premium in full, it can decide for itself when to post the option position, regardless of how much of the company it already owns."

Ji Cheng thought thoughtfully, "The beautiful country does not have this rule, it obviously won't work." ”

"But nothing is absolute." He couldn't help squinting his eyes, "If it is a few years later, I may really have nothing to do with Chase Bank, but in the current era, the stock market of the beautiful country is not perfect, and the five percent of the shares held do not need to be disclosed, I just need to change the method, and I can also get 30 percent of the shares of Chase Bank without knowing it." ”

"I just want to get so many shares, I'm afraid I will have to pay 15 billion US dollars for normal acquisitions, I only have 8 billion on hand at present, and the money promised to me by Riben Bank is only 6.8 billion, which together is not enough 15 billion."

Ji Cheng was calculating frantically in his head.

"With my current strength, I definitely don't have that much money to take 30% of the shares of Chase Bank, but if the stock market crash breaks out, it should be enough to make money from it."

Thirty percent of the shares certainly don't have full control over Chase.

The Rockefeller family's 38 percent stake prevented Chase from being swallowed up and controlled in a sense.

Therefore, Ji Cheng understands that while gaining more shares in Chase Bank, he must also find ways to dilute the Rockefeller family's stake in Chase Bank as much as possible.

"Boston First National Bank currently owns four percent of Chase, and I'm a member of the Boston consortium, so it shouldn't be a problem to unite with them, which means that I can secretly get about 35 percent of Chase Bank's shares to the greatest extent without disclosing it, so I have to find a way to get Chase shares from other consortiums."

"And those consortia generally hold tradable shares, if they see the financial crisis, maybe they will take the initiative to reduce their shares, then I will have the opportunity to obtain this part of the shares they have reduced, and then just like Porsche is in a debt crisis and has to raise funds, I will be able to get more than 75% absolute control?"

Ji Cheng's thoughts became clearer and clearer the more he reasoned.

It's just that there is another problem here, the first two parts can be completed by relying on Joaquin Capital and Boston First National Bank, but the last part of Chase Bank will definitely not look for Joaquin Capital and Boston First National Bank if it needs financing, and it needs a third-party financial institution that can make the Rockefeller family willing to take out a large number of shares.

The Morgan family, the Citigroup and others are currently on the same line as the Rockefeller family, and Ji Cheng knows that it is impossible to lend their hands.

"New York Chemical Bank!"

Ji Cheng suddenly remembered this financial institution in his mind, and he remembered that the Chemical Bank was currently an independent consortium, and its strength was still relatively strong; at the end of 1987, the total assets of the Chemical Bank reached $76 billion, and it had more than 200 commercial banks and more than 100 branches in various parts of the country.

"If I can convince Chemical Bank to buy a certain stake in Chase, and then wait until my shareholding in Chase Bank reaches a certain point, and then cooperate with First National Bank of Boston to fully acquire Chase Bank, and let Chemical Bank sell my shares to me, or even buy it with Chemical Bank, then this acquisition is basically done."

Ji Cheng felt that this plan was feasible, because according to memory, Chemical Bank would first annex Hanhua Industrial Bank and then Chase Bank in the next few years, although it did not escape the fate of being swallowed by the Morgan family in the end, but at least in the financial history of the beautiful country, Chemical Bank was once glorious.

"As long as I can give enough benefits to the shareholders of Chemical Bank, just like the Morgan family, it must not be too difficult to gain control of Chemical Bank."

Ji Cheng knows that he needs a lot of cash support to do this, because the chemical bank is willing to be swallowed up by the Morgan consortium because the shareholders have obtained more benefits, although his Huajin Bank was established by annexing the beautiful national savings bank, but in terms of business scope, it is far inferior to the Morgan Group, and it is difficult to obtain the equity of the chemical bank just by virtue of the exchange of shares of Huajin Bank, let alone gain control.

"In order for Chemical Bank to be willingly swallowed up by Huajin Bank, Huajin Bank must have a good business." Ji Cheng probably understood what was needed in his head, "For example, Hanhua Industrial." ”

At that time, it will be the supergiant model of Huajin Bank + Chemical Bank + Chase Bank + Hanhua Industrial, if you can pull the First National Bank of Boston into it, it will be a copy of Motong and Chase.

"It all takes money."

Ji Cheng remembered that the Chemical Bank and Hanhua Industrial had obtained control by exchanging shares for shares, and his Huajin Bank was not so valuable and could only be acquired with cash, while Hanhua Industrial's current assets were about more than 40 billion US dollars, even if it was acquired in cash, the shareholders would definitely not be able to sell all their rights and interests, and they needed to retain a certain amount of shares, so they had to come up with at least about 30 billion US dollars to persuade the shareholders of Hanhua Industrial to transfer a large amount of equity to their Huajin Bank.

With Hanhua Industrial, Huajin Bank is qualified to negotiate with Chemical Bank for merger and development, and Ji Cheng is also qualified to promise sufficient interests to the shareholders of Chemical Bank.

"It's a big move."

Ji Cheng roughly cleared his mind and knew that what he was going to do next was divided into the following steps:

First of all, dragging down the capital chain of Chase Bank, which requires the cooperation of the First National Bank of Boston, coupled with the stock market turmoil and the impending stock market crash of Japan, in fact, as long as he does what he wants, there should be no problem in the end.

Secondly, he needs to annex Hanhua Industrial and strengthen his own strength.

In the end, Ji Cheng wanted to take advantage of the strength of Hanhua Industrial to cooperate with Chemical Bank, such as discussing merger and development, and before the merger, he secretly reached an agreement with Chemical Bank to acquire a certain percentage of Chase Bank's shares, and then, he will merge Huajin Bank and Chemical Bank, which annexed Hanhua Industrial, at that time, the merged company will have a relative controlling stake in Chase Bank, plus the shares held by Boston First National Bank, so it can achieve absolute control and completely expel the Rockefeller family.

"I need to raise at least $50 billion to be able to do this."

"And...... I don't know if the Boston consortium is willing to be my green leaf, and if they are not willing to merge, then the plan will be difficult to carry out successfully. ”

Ji Cheng knew that he now had to solve the biggest problem, and that was to convince the Boston consortium.

"They weren't willing to give up control of First Nationals of Boston, so they found me to find a way to fend off Chase, and now I'm trying to convince them to give up control of First Nationals Bank of Boston? Seems a bit hard! ”

Ji Cheng felt that he needed to try, and if the Boston consortium refused to give up control of First National Bank in Boston, then he might have to do it alone.

……

Following.

Ji Cheng contacted the five heads of the Boston consortium early in the morning to meet in New York.

Because this matter is so important, he can't leak any news, so he didn't choose to be in the company, there are many people there, who knows if there will be spies from other consortiums.

Home.

Ji Cheng first dispersed all the servants, and then asked Derek and Tom and others to inspect the entire house again to make sure that there were no mistakes, and then they welcomed the five heads of the Boston consortium for discussion.

Edward frowned as he drank the value of Mexican agave, "This wine is a bit strong." ”

Old Rocky also shook his head with a smile and said, "I'm not used to drinking agave." ”

Aimee. Lowell and Robert. Lawrence said so.

Only Adams IV was full of praise, and it was clear that he liked spirits.

After tasting the wine for a while, Edward took the lead in asking questions, "Ji, you have made us all the way from Boston, do you already have a coping strategy?" ”

Speaking of business, Ji Cheng put down his wine glass, sat down and looked at everyone, "There is a way, but I don't know if you are willing to cooperate?" ”

"Oh?" Aimee. Lowell asked with interest, "What's the solution?" Let's talk about it. ”

The others also looked serious and pricked up their ears to listen carefully.

Ji Cheng first drew a big pie for everyone and said: "Before talking about this strategy, I want to talk about how huge the benefits will be if this thing is done." ”

"You say." Adams IV Road.

Ji Cheng said sonorously and forcefully: "Our Boston consortium will not only expand its members, but also become the first consortium in the true sense of the beautiful country!" ”

What?

Become the No. 1 consortium in the beautiful country?

What does this mean?

This means that the Boston consortium will be above the Morgan and Rockefellers!

Everyone listened to the heartbeat, they didn't expect Ji Cheng to throw such a big temptation when he came up.

However, they still heard something unusual from Ji Cheng's words.

Old Rocky's heart was beating wildly and he asked, "Add new members?" ”

"Who do you want to bring into the consortium?" Edward asked curiously.

Ji Cheng didn't answer their question immediately, "Before answering your question, let me talk about the strategy of counterattacking." ”

Everyone was a little dizzy by Ji Cheng, you drew such a big pie, but now you avoid talking about it?

However, Ji Cheng wants to go around in circles, and they can only hold back their curiosity.

Ji Cheng got up and walked to the blackboard that had been prepared a long time ago, picked up chalk and drew two circles on it, and then marked the names of Chase Bank and Boston First National Bank respectively, and wrote the shares clearly on them, "You see, this is the current proportion of Chase Bank's shares in Boston First National Bank, and Boston First National Bank's share in Chase Bank, am I not mistaken?" ”

"Nope."

"That's so much proportion."

Everyone nodded in response.

Ji Cheng drew another stroke in the circle of First National Bank of Boston to form a smaller circle, "This is a schematic diagram of Chase Bank's intention to acquire another 3.6 percent of the shares from other shareholders, and once Chase Bank completes the acquisition, then its stake in First National Bank of Boston will reach 30.9 percent." ”

Robert. Lawrence wondered, "Aren't these all the things we told you yesterday?" ”

"Yes." Ji Cheng nodded, "These are all things you know so far, so, have you ever thought about it, if you are Chase Bank, how will you gradually obtain the shares of Boston First Bank to control?" ”

"Increase funding, continue to attack from the outside, and get more shares." Aimee. Lowell replied.

】

Ji Cheng snapped his fingers, "That's right, if nothing else, this process will increase the stake in Boston First National Bank to about 35% after Chase Bank obtains 3.6 percent of the shares, and after two to three months." ”

After he finished speaking, he picked up the chalk and drew a dotted line in the circle of the First National Bank of Boston, a standard figure of 35 percent.

"You're certainly not going to sit idly by, and you're going to do everything you can to prevent Chase from continuing to take more of First National Bank of Boston." Ji Cheng said vigorously: "I won't discuss the specific method for the time being, but one thing is certain, you need to raise the company's stock price, make it more difficult for Chase Bank to acquire, and come up with more funds." ”

"Yes."

"It's an effective approach."

The crowd agreed.

Ji Cheng continued: "But because Chase Bank has obtained a large number of shares in Boston First National Bank, it is bound that revenue and profits will skyrocket, coupled with its continuous attack on Boston First National Bank's acquisition of equity, it will force the stock price of Boston First National Bank to continue to rise, you take the initiative to find a way to raise the stock price, and this side passively makes the stock price rise, in the future, the stock price of Boston First National Bank will definitely rise above the sky, then Chase Bank will have two directions." ”

"Which two?" Edward asked anxiously.

"First, slowly figure it out." Ji Cheng said slowly: "Chase Bank uses the identity of a major shareholder to divide you little by little and eat more shares, which is a safer method, but in the same way, it may be because you lose the opportunity to breathe, and you can only coexist from now on." ”

This is very likely, and if you look at it this way, the Boston consortium will still be able to occupy a relatively active control of the First National Bank of Boston, but because of the constraints of Chase Bank, it will no longer have the absolute control as before, which will greatly hinder the operation.

In fact, this result is something that the Rockefeller family does not want to see.

Similarly, the Boston consortium does not want to be held hostage.

In the end, it's a lose-lose situation.

Chase Bank is getting short-term benefits, but not gaining control, and its finances will be under pressure.

The Boston consortium, on the other hand, lost absolute control of First National Bank in Boston.

So it's a lose-lose situation.

"According to Lawrence. Rockefeller's way of doing things, he probably wouldn't do that. Edward knew well.

The others nodded approvingly.

Ji Cheng smiled, "So I think he will choose the second method, to take control of Boston First National Bank as soon as possible, that is, to use huge funds to continue to increase his stake in Boston First National Bank to fifty percent, or even seventy-five percent, let's not talk about where Chase Bank got so much money, just say that if it really does it, do you know what impact it will bring?" ”

Aimee. Lowell smiled bitterly and said: "It will definitely keep the stock price of First National Bank of Boston at a high level, and then those hedge funds that are short First National Bank of Boston will have to close their short positions, and then the vicious circle will make the stock price of First National Bank of Boston rise like a rocket." ”

If the stock price is too high, it will be a huge obstacle for Chase Bank to acquire First National Bank of Boston, but it can also make enough wealth from it, for example, Chase Bank can take the opportunity to cash out some of the shares to benefit, which can relieve some financial pressure and wait until the stock price falls before continuing to buy, which is a common financial means in the trading market.

Ji Cheng slammed his chalk on the blackboard, "Once it gets to this point, do you think you still have the ability to stop Chase Bank from annexing First National Bank in Boston?" ”

"Nope." Edward sighed.

Old Rocky sighed too.

Aimee. Lowell and Robert. Lawrence glanced at each other, both seeing a hint of bitterness in their eyes.

Only Adams IV's eyes flickered, "Ji, since you can analyze such a deep level, then you must have enough countermeasures, let's say, don't sell it." ”

That's right.

Since Ji Cheng can deduce the development trend of this malicious merger and acquisition in the next few years step by step, he must have an idea.

Edward, Aimee. Lowell and the others hurriedly looked at Ji Cheng, wanting to hear what he had to say.

Ji Cheng chuckled lightly and said, "Yes, I did think of a method that may not be very reliable for you now. ”

"Not a good way?" Edward looked puzzled.

Ji Cheng repeated what he had just said, and bit down a few more words, "I'm talking about a method that may not be reliable for you now, not an unreliable method." ”

Robert. Lawrence was stunned by his words, "Ji, what do you mean, I really don't understand." ”

Other people are also at a loss, is it still divided into time periods if they are unreliable?

"Yes, it is unreliable for you now, but if it is ten days later, or even more than a month later, the method I said can become reliable!" Ji Cheng showed a confident look.

"How?" Old Lodge asked.

Ji Chengdao: "This starts with our current economic situation. ”

"The economic situation?" Adams IV didn't understand much either.

"Yes." Ji Cheng asked rhetorically: "Let me ask first, where did Chase Bank get the funds to acquire the shares of First National Bank in Boston?" ”

"I borrowed money from banks in various countries, and because the current economic situation in the beautiful country is relatively good, the interest rate on the $9 billion loan obtained by Chase Bank is very low."

Aimee. Luo Wei felt a little strange, didn't she tell Ji Cheng about these things yesterday?

The others also wondered, and even wondered if Ji Cheng didn't have a good memory, why didn't he remember what he said yesterday?

But just when they were wondering, Ji Cheng suddenly dropped a bombshell, "What if...... I mean, what if, I tell you, that the international economic situation will deteriorate for some time to come, and even in the next few years? ”

"Huh?"

"Will the international economic situation become less favorable in the next few years because of some changes?"

Everyone was a little stunned, of course they knew that Ji Cheng had a huge blueprint for financial warfare before, that is, to pry the stock market of the beautiful country to cause turmoil, although they were always skeptical about this, but as Ji Cheng's partners, they still firmly believed and supported, and took out a lot of funds to cooperate.

But no matter how the stock market turmoil is, as long as it is not like the stock market crash in 1987, the international economic situation should not become so bad, so they don't understand what Ji Cheng is expressing.

"Are you saying you're going to make a stock market storm?" Robert. Lawrence asked.

"Yes and no." Ji Cheng's answer made people even more confused, he did not answer this question directly, but continued to ask rhetorically, "I only want to ask you one sentence now, once there is a financial crisis that is comparable to the stock market crash of the beautiful country in 1987 or even worse, will the global economic environment become extremely bad?" ”

"That's for sure."

"The 1987 stock market crash is still vivid, and its impact is too great."

"If such a black swan happens again, I estimate that the global economy will be greatly impacted."

Everyone agreed with Ji Cheng's words.

Ji Cheng smiled and asked again: "Okay, if the global economic environment deteriorates, what do you think is the first thing that the world's major banks should do?" ”

"Quickly withdraw funds for self-protection." Edward blurted out.

Ji Cheng's smile became brighter and brighter, "Then if under such an economic environment, you have a huge loan business that is about to expire, will you extend the term?" ”

Edward was speechless: "Didn't I just say that you need to withdraw funds for self-insurance, how can you extend the loan term?" ”

Lodge added, "Even if you want to extend the term of the loan, you will definitely put forward more stringent conditions, such as higher interest rates." ”

"Well, that's the right choice any bank would make." Ji Cheng was already smiling, "Then if you, a customer, not only don't pay back, but also continue to borrow money, will you lend it to him?" ”

"We are not stupid, how can we continue to lend money to this customer in this situation?" Edward said rightly.

Ji Cheng laughed, "Okay, then I'll tell you one thing now, in the near future, Chase Bank will encounter a debt crisis, not only will they not be able to repay the huge debt as we just said, but they will also fall into the debt quagmire, at that time, Chase Bank's capital chain will be broken, do you think Chase Bank is still capable of continuing to acquire First National Bank of Boston?" ”

"Nope." Old Lodge shook his head, and he wondered: "But how can you be sure that the international economic situation will definitely change in the future?" ”

"I'll answer that later." Ji Cheng paused, "I have one more important question, if you can answer me, then I will come out later." ”

"What's the problem?" Aimee. Lowell was a little anxious, she felt that Ji Cheng was too abrasive, and she didn't get into the main topic for a long time, and kept assuming that this had no nutritional value at all.

It's a pity that she didn't know that everything Ji Cheng said was not a hypothesis, but that it would definitely happen in the future.

"My question is, if the Chase bank's capital chain collapses, do you really just want to take your shares back to protect yourself? Or do you want to continue to be a Brahmin in Boston? ”

Ji Cheng asked with a retracted smile.

Hearing this, everyone couldn't help but be stunned.

They really haven't thought about this problem, they have been thinking about repelling Chase Bank, and they really haven't thought about what to do if Chase Bank's capital chain is broken, after all, they are now a little difficult to protect themselves, how can they think so far?

Edward shook his head and said, "I haven't thought about it yet. ”

Ji Cheng showed a serious and abnormal expression, "I just want to ask, do you want to completely defeat Rockefeller and bring Chase Bank, a financial instrument that controls hundreds of billions or even trillions of dollars, into your command?" ”

The crowd was about to answer.

Ji Cheng said with a powerful momentum: "If you have this huge ambition, then let's continue to talk, if you don't, I will help you solve the current difficulties, and then I will do it alone, so I want you to show your attitude, whether to do it with me or not, do you want us to step on the former glory of the Rockefeller family and stand at the top of the power of the beautiful country?" And this premise is to give up the absolute control of the First National Bank of Boston, because as I just said, I need to bring in more members to the Boston Consortium, unite more forces, and break the existing monolithic model of the Beautiful Nation Consortium, and if we can succeed, then the Beautiful Nation will be up to us, you ...... Dare to bet? ”