In the world of capital operations, "White Knight" is a commonly used term that refers to a friendly company or investor who actively steps in and provides assistance to prevent the target company from being taken over by a [hostile acquirer] (often referred to as a "dark knight").

When a company is threatened with a [hostile takeover], [white knights] usually step in in the form of a partnership or a merger, offering better conditions and opportunities to the target company to protect its interests. [The white knight] may offer a higher purchase price, better merger terms, or more favorable business prospects to attract the support of the target company and its shareholders.

[White knights] are often seen as the saviors of the target company, because their intervention can provide the company with better opportunities for growth, avoid being controlled by [hostile acquirers], and safeguard the interests of shareholders and the long-term interests of the company.

It is important to note that [white knights] may also be investors or competitors who already have a relationship with the target company or have common interests.

At this time, Morton Edgar looked at the blonde young man with a good-looking smile with a complicated expression, and he said to him in a careful tone:

"Mr. Abraham, we are in business. You know, if you represent the will of the kingdom of heaven, I would naturally rejoice at the arrival of a knight like you. However, it is clear that you are only representing yourself, your [financial card] is in a false name, and your [assets] are not enough to help Valle Thermal Power through the difficulties ahead. ”

Morton's meaning is very clear, the most important thing for [White Knight] is to be able to resist the huge [assets] of [hostile takeover], a [financial card] registered under a pseudonym, the [financial street] resources it can call on are naturally quite limited, and now Giovanni has made [destructive acquisitions] with 1 billion [extraordinary assets].

What's even more disgusting is that Giovanni also set up a special public relations team to attack Valle Thermoelectric.

Moreover, this damn vampire has actually launched many [financial challenges] against Valais Thermopower, and many old cadres in the company have been smashed by it [financial card] and led to bankruptcy, and now, the backbone of bankruptcy alone is already in the double digits.

This is to force the board of directors to carry out [equity dilution] to allow [assets] to flow into the lower echelons to avoid the collapse of the middle and lower structures of the company, and at the same time, it is also to weaken the board of directors' holdings to disperse the [destructive acquisition].

"Mr. Morton, the [White Knight] in the present world really needs a lot of gold to do it, but this is [Financial Street], and our essence is still thaumaturgists." Xia Xiu naturally understood Morton's euphemistic expression, he smiled and shook his index finger and replied to Morton, "The competition between thaumaturgists is sometimes more bloody and straightforward, so [Financial Street] has the battle rule composed of [Financial Challenge], which is composed of digital games. ”

"Intelligence, useful intelligence, that's what traders need most."

Xia Xiu said, picking up the newspaper he had cut out earlier and placing it in front of Morton Edgar.

Morton stared intently at the newspaper on the table.

[Hostile takeover case: NASCO.] 】

【NASDAQ is a well-known food and beverage company in the Eddison Federation, known for its famous extraordinary biscuit and confectionery products. In 1589, a nobody named Carlton made a challenging [hostile takeover].

Carlton, with his strong will and strong desire, tried to turn Nasco into a private company. He bought a large number of NASCO shares and offered a higher purchase price to other shareholders. The move caught the attention of NASCO's board of directors and provoked a violent controversy.

NASCO's board of directors and management have expressed strong resistance to this [hostile takeover]. They believe that Carlton's purchase price undervalues the company and are concerned that he may take some action that is not in the company's interests. As a result, they have adopted a series of defensive measures to resist hostile takeovers.

However, Carlton did not back down, he was determined to continue to increase his stake and try to enlist the support of other shareholders. He used the media and public opinion to drive his agenda, portraying the NASCO board as a manager with no regard for shareholder interests.

Eventually, after months of fierce fighting, Carlton succeeded in turning Nasco into a privately owned company. He won the support of NASCO shareholders by offering them a higher purchase price and better trading terms. The acquisition sparked widespread attention and controversy, and became a hot topic in the business world at the time.

This case illustrates the struggles and tactics in a hostile takeover. By acquiring shares and enlisting shareholder support, Carlton succeeded in changing control of NASCO and pushing its own agenda. This case also highlights the challenges of shareholder protection and the company's management in dealing with hostile takeovers. 】

"It's ·····"

Morton picked up the newspaper, which was the news of the year before last, and this kind of [hostile takeover] happened all the time in [Financial Street], and countless small companies [went bankrupt] every day of the year, and then were expelled from [Financial Street], so naturally he could not read the bankruptcy reports of every company.

And now this report specially cut out by the angel of heaven made him smell familiar, and the situation that the other party is facing now is like Valais thermoelectric.

"Carlton, just Giovanni's stand-in, he was the one who really privatized Nasco, and you're in the same situation as Nasco."

"[Shareholder voting challenges], hostile acquirers compete for control at shareholders' meetings, and through shareholder voting to change the management or decision-making of the target company, and often the initiator of the challenge is the ghost within the company." Xia Xiu's index finger tapped on the table and replied word by word.

"You're now facing Giovanni's [hostile takeover], and even if [the poison pill measures] are activated, it's a problem, you need to know that you have to settle inside first, and your internal moths are still inside the company.

I guess you're going to do [new shares] to dilute the other party's acquisition, but this kind of behavior is definitely a thirst quenching for Valais Thermal Power now, because you know that once you issue additional shares, you have to face more troublesome problems, such as [financial leverage] and [debt restructuring]. ”

When two companies in a state of game fight, Company A wants to eat Company B, and generally uses some means to boil frogs in warm water, such as: malicious investigation and disclosure, media and public opinion manipulation, long-term accumulation of equity, company division and reorganization······

And the most troublesome are [financial leverage] and [debt restructuring].

[Financial leverage] refers to a financial means to increase investment returns by borrowing funds. It allows an individual or business to borrow money to invest in the expectation of a higher rate of return through capital gains or interest income. Financial leverage can increase the potential return on an investment, but it also increases investment risk because borrowed funds are subject to interest payments and may require repayment of principal.

[Debt restructuring] is a process of restructuring debts with the aim of reducing the debt burden and improving the debtor's financial position. It usually involves negotiating with creditors to renegotiate the interest rate, repayment term, or other terms of the debt, or to reduce repayment stress by switching the form of the debt. Debt restructuring can help debtors avoid default, protect their credit history, and provide them with a more sustainable financial structure.

[Financial leverage] and [liability restructuring] are both common financial tools and strategies in the financial sector. [Financial leverage] can help individuals or businesses achieve greater return on investment, but there are also risks because borrowing requires interest and repayment obligations. [Debt restructuring] is a means of dealing with debt problems and financial distress by restructuring debt to reduce debt burden and improve financial situation.

Generally speaking, A wants to eat B, so he borrows money from C (bank loans are more common), A doesn't care how high C's interest is, because when he borrows money to eat B, it is already equivalent to allocating the debt to B - A uses high borrowing or debt restructuring to increase control over B, and at the same time relatively increases B's debt burden.

And the unfortunate thing is that B was bitten to death by A, so he can't use this lever, not only can't he use it, which C, D, E and other third parties will most likely go down to make up for B, if there is no [white knight] on a white horse to help, B will die very cold, and his body after death will be fiddled with by A to look like he likes.

These people who play with finance are very dirty in their hearts and eyes, and while they kill you, they will continue to play with you while the corpse is still hot.

Valle Thermoelectric because of the previous investment by Morton Edgar, the pace is too big, and the eggs are pulled (the funds invested have not yet been returned). In addition, the unknown Erwuzai backstabbed and leaked information, resulting in being ridden by John Giovanni now, up and down, and the more he struggled, the more excited the other party became.

"NASCO is actually Giovanni's company, which means that he secretly has other funds, and you really brought me more headache news..." A wry smile appeared on Morton's face.

"Dear Mr. Morton, don't be so desperate, aren't we here to help you solve your problem." Looking at Morton with a shadow of despair on his face, the blonde youth stretched out his hand and comforted him.

"What is your so-called help..."

"Mr. Morton, you continue with your plan [to issue new shares]." Xia Xiu squinted his eyes and said to Morton.

"But, the ghost thing..."

Without waiting for Morton to finish speaking, Xia Xiu opened his mouth with a smile and continued:

"Three days, just give us these [white knights] three days, and I promise to put the information of Valais Thermoelectric in front of your desk, and then you can reorganize your own leadership and core decision-making level; At the same time, Giovanni's [Financial Challenge], we will take it all for you. ”

Mr. Morton was stunned, looking at the handsome face of the blonde young man with unusually confident handsomeness, he couldn't figure out why the other party had such strong confidence for a while.

"If that's the case, we can really resist Giovanni's [hostile takeover], but can you really find the traitor in these three days?" Morton said slowly.

Xia Xiu smiled, and he said to Morton:

"You can rest assured that we will do things."

"Is there anything I need to do?" Morton then asked.

"All you need is a list of Valége's internal staff, don't worry, I'll just need the basics." Xia Xiu replied.

"You can't do it." Morton nodded in agreement.

In the time that followed, Morton and Xia Xiu just chatted about the current situation for a while.

Thirty minutes later.

Morton personally sent Xia Xiu and his party out of the company through secret channels, and after leaving the company, the group rented a hotel in a luxurious area [of France] as a foothold.

*********

Interior of the hotel.

"Abraham, what do you mean to find a traitor in three days?"

Sitting on the soft sofa of the hotel, Turce couldn't help but be curious and began to ask the blonde youth.

When talking within the company just now, although he didn't say a word and showed a little brother posture of 'only the golden haired horse', he still had doubts about the two big cakes drawn by the other party.

"If it's in this world or another hub, you can directly use psychic deception thaumaturgy, or I can directly ask [Venamoning] to read minds. But the problem is that now we are in the [financial street], but here under the [crown], everyone follows the financial rules and regulations equally. Tours expressed his doubts to Xia Xiu.

Although it sounds a bit ridiculous, [Financial Street] has achieved a high-density protection measure for personal privacy, and if you use psychic thaumaturgy in the phase space of [Financial Street], then it will intimately pop up a message related to [whether to spend XXX [Asset] for privacy protection] to the recipient.

The other big pie, the "Financial Challenge", is a relatively bloody challenge from the "Financial Street", which is one of the original regulations stipulated by the Financial Law.

The Finance Act stipulates that [financial card holders (real names)] must participate in at least one battle (transaction) per week, and if they do not fight, they are required to pay a truce fee to the Federal Reserve Bank.

Holders can use their own assets, their own future, etc. In order to guarantee the battle (transaction) of borrowing money from the Twelve [Addison Federal Reserve Bank] or to fight with their own funds, the winner can get a large amount of money, and the loser will lose his future little by little while losing money.

When the amount of money lost due to failure exceeds the guarantee, the bankruptcy will be declared, and the consequences of bankruptcy will depend on how much the holder has lost in total, and the slight may be the loss of some important things (except for himself, everyone else will forget that he has had these people, things, and things), or even lose his own 'existence facts' and die.

The Federal Reserve Bank of Addison is an operating branch of the Federal Reserve System, the central banking system of the Federation of Addison, with a total of 12 banks, each of which is in charge of its own federal reserve jurisdiction, and the shares of each bank are mixed public and private, not fully owned by the government.

At the same time, the [Financial Behemoth] formed by these twelve banks guards the [Financial Street] and defends the leadership qualifications and leadership of the Addison Federation for the [Financial Street] and the [Financial Spectrum].

"Tours, you're too far behind in the development of Addison now. You don't know that in order to sign the [Juggernaut] as their thug, they specially got a [Juggernaut Special Channel Loan] for the [Juggernaut], which allows you to give the [Juggernaut Incarnation] to the [Financial Street]. ”

Xia Xiu looked at Turce with an expression that you can't keep up with the times, and took out three loan slips that had already filled in the information and materials.

Turce stared blankly at the loan slip handed over by the blonde youth, on which the lender had his name written on it, and now the only thing that needed to be confirmed was the exclusive [Spiritual Certification] column above.

"Let's make a handprint, it's going to be fast." The blonde youth smiled at the trio.

“·······”

(End of chapter)