Chapter 1875 Feng Shui turns
"President Mark, Chuco Technology and North American Trust Investment Bank are willing to provide full support for Morgan Investment Bank and acquire Bear Stearns to reduce the financial pressure on Morgan Investment Bank!"
Chen Chu said righteously to David Mark, as if he was worried about Morgan Investment Bank, as if he was afraid that Morgan Investment Bank would be dragged down by the acquisition of Bear Stearn.
Listening to Chen Chu's words, if it weren't for Chen Chu who called today, but Smith Jr., David Mark would have cursed him long ago. He was obviously just taking advantage of the situation to rob, but he was so righteous. Wall Street had done a lot of such things before!
"Chen, we are also old friends. Acquiring Bear Stearns is not an unacceptable thing for Morgan Investment Bank. Morgan Investment Bank also has enough strength to deal with possible risks." David Mark still didn't want Chuko to enter the market to find a bargain.
Morgan Investment Bank finally made this situation, gave up many benefits, and attracted support from North American finance and other departments, which had already paid a huge price for this. Isn’t it too cheap to let Chuko technology enter the market at this time? David Mark is not the kind of person who is willing to suffer losses.
Chen Chu did not take David Mark's statement too seriously. Since David Mark could give up so much profit, it means that as long as the price is raised, there is nothing that Morgan Investment Bank cannot sell. If so, it means that the price is not enough!
"As long as Morgan Investment Bank is willing to let North American Trust Investment Bank join the acquisition of Bear Stearns, the North American Trust Investment Bank is willing to bear part of Bear Stearns' debt."
To put it bluntly, North American trust and investment banks are used to buy tickets to the feast of this feast. If you want to enter this feast of top players, you have to pay some price, otherwise no matter how rich you have, you can only watch it.
David Mark was thinking about Chen Chu's proposal that if someone invested in Morgan and assumed Bear Stearn's debt, it would naturally be a good thing for Morgan Investment Bank. Without having to bear Bear Stearn's debt of billions of dollars alone, the benefits would naturally be higher!
"But Morgan Investment Bank has enough strength to deal with Bear Stearns' debt problem, and I think there will be many investment institutions willing to handle this for Morgan Investment Bank."
David Mark said that once Morgan Investment Bank releases the news, many investment institutions will definitely take risks and cooperate with Morgan Investment Bank once.
Chen Chu heard the implicit voice of David Mark, that is, "Add money!"
“North American trust investment banks can pay cash!”
This sentence made David Mark feel excited. What is the biggest headache now in Wall Street and the entire investment industry? It is that it has no money or is rich, but it is all held in the hands of all parties and is unwilling to let it go.
"As long as Morgan Investment Bank is willing to join the Bear Stearns project, in addition to taking over Bear Stearns' debts, North American Trust Investment Bank is willing to accept half of Bear Stearns' global employees!" Chen Chu said.
Once Bear Stearns is acquired by Morgan Investment Bank, Morgan Investment Bank will definitely not accept the more than 20,000 employees of Bear Stearns worldwide. If fired, Morgan Investment Bank will definitely need to pay settlement fees. This is not a small amount of money. Maybe it will all occupy half of the six or seven billion debts of Bear Stearns who took over.
He drove people away and had to pay for money, but it was a big hole. More than 20,000 employees were all paid on Wall Street. In addition, the elderly care workers left by Bear Stearns, Morgan Investment Bank estimated that he would pay more.
"What does Chuko want?" After a little silence, David Mark asked Chen Chu. Obviously he agreed to Chen Chu's proposal, or it wouldn't be possible to disagree. Bear Stearn is a piece of fat meat, but there is also a mess behind it. He can't eat the meat completely, but he ended up throwing away the broken bowl, which was too unauthentic.
"The headquarters building in Bear Stearn in New York, Bear Stearn's commercial banking business and investment department!" Chen Chu said it all in one breath.
David Mark was sweating all the time. He knew that Chuko must have come to him this time, but he didn't expect that he would have such a big appetite and would bite away one-quarter of Bear Stearn's fat meat.
Not to mention the others, the headquarters of Bear Stearns alone, although David Mark's price is $1.2 billion, it is really at the normal price, even if the North American real estate industry is on the verge of collapse, but in New York, where every inch of land is worth every inch of land, the headquarters building sold for more than $2 billion or even $3 billion, with almost no problem. This is equivalent to robbing the city directly!
David Mark refused without thinking, "This is impossible. Morgan Investment Bank and investors who support Morgan Investment Bank must not allow Morgan Investment Bank to hand over all these industries."
"I think President Mark should consider it again. Chuko is all in cash transactions, and he bears Bear Stearn's employees and some of the debts. Now there is probably no investor who can offer a higher price than Chuko!"
"There is another thing, maybe President Mark, you can consider it," Chen Chu's finger tapped the table clearly into David Mark's ears. "Once the acquisition begins, North American Trust Investment Bank is willing to sell part of the equity of Bear Stearn to President Mark."
When Morgan Investment Bank acquires Bear Stearns, it is definitely impossible to have all the cash, and it will still be acquired through equity exchange and cash. As long as the news comes out, Bear Stearns is sold at a low price, and it will be difficult for the stock price to not fall.
But don’t look at the stock price of Bear Stearns, it may be a bargain price, but the equity of Morgan Investment Bank that you exchange for is real money. If you use Bear Stearns’ equity to exchange for the equity of Morgan Investment Bank, as long as you wait until the stock price of Morgan Investment Bank rises, you will basically make a profit without losing money, and you may even make more than several times.
Of course David Mark knew that the tricks in this operation were basically Chuko gave him money openly. It was okay for North American Trust to buy Bear Stearns' equity. Then sell these equity to David Mark at a low price. Who can say what?
After all, David Mark is still a worker. Even though he has reached the level of a working emperor, he is also a worker. Now Chen Chu has given David Mark a chance to turn over the local owner, it depends on whether David Mark wants it.
Of course, if you have gains, you have to give up. There is no good thing about a pie falling from the sky. That is not a good thing, it is a brain that gets water. If you want to get a portion of Bear Stearns' equity from the North American Trust and Investment Bank, David Mark needs to agree to Chuko's plan.
"I need to pass this matter through the board of directors, and I need to get some people to agree, and Chuko also needs to take out some things." This is equivalent to taking meat from other people's bowls, even for the sake of the people who eat all the meat, the person who is trapped away will definitely not feel comfortable.
Chen Chu had no objection to this, "I will let Smith Jr. deal with these things with President David Mark, and he will definitely not disappoint President Mark!"
While David Mark was discussing with Chen Chu to save the just cause of "Bel Stearn", the door of the conference room was pushed open again. The assistant just now hurried in and said a few words to David Mark.
Then he heard David Mark's angry scolding, and David Mark said to Chen Chu on the phone, "Chen, I agree to North American Trust Investment Bank join the project to acquire Bear Stearn Investment Bank, but it must be a cash acquisition. Smith Jr. must handle this matter quickly!"
After saying that, David Mark hurriedly hung up the phone. Listening to David Mark's angry voice, Chen Chu felt that something might have happened.
Soon Chen Chu knew why David Mark was so angry and anxious. Something happened to Lehman Brothers' investment bank. Lehman Brothers, who were about to be unable to hold on, had already begun to give up and talk to Wall Street and North American finance departments. If he didn't save it, Lehman Brothers would really go bankrupt. At that time, the liquidated damages of tens of billions of dollars, and the huge debt, they would directly complete all the investors related to subprime mortgage mortgages.
The reason why Lehman Investment Bank is so excited. Seeing that Bear Stearns is about to be taken over, Lehman Investment Bank is no longer interested. It would be strange if it is happy. Now it is clamoring for bankruptcy, but in fact it is also hoped to attract attention.
But this is not good news for Morgan Investment Bank's acquisition of Bear Stearns. Washington, North America, cannot save the entire Wall Street. The acquisition of Bear Stearns was because Bear Stearns' debt was not large, but it was a piece of fat. However, Lehman Investment Bank had a big hole. Once even Lehman Investment Bank saved it, would he want to save the entire Wall Street?
If you don’t save it, why should you save Bear Stearn? David Mark was anxious because he was afraid that the acquisition of Bear Stearn by Morgan Investment Bank would be ruined and he was in a hurry to deal with this matter.
But no matter what Lehman Investment Bank is, once the acquisition of Bear Stearns begins, Chuko and North American Trust Investment Bank will be able to get the largest piece of fat.
Smith, who got Chen Chu's call, immediately began to increase his strength and prepare North American trust investment banks. The current North American trust investment banks are like a diner ready to cut the cake of Wall Street and the global investment industry.
The last straw that broke the camel's back still appeared. When Lehman Investment Bank yelled to go bankrupt, but no one cared about it, and it was possible that it would go bankrupt, the entire investment industry completely collapsed.
The Nasdaq, which had already fallen terriblely, also ushered in an epic dive, and of course, major Internet and technology companies were in disarray.
When some financial media reviewed the wealth list again, they suddenly found that Chen Chu, who had just become the richest man and had not yet finished half a year, had a drop in value by nearly one-third. Chen Chu's value is now mainly supported by Facebook, Autohome, Oriental Net, Tianya, Maopu, Dayu Games, and a number of listed companies such as Shanda, Jiucheng, and Kingsoft invested by Chen Chu.
Because these are all equity in listed companies and are the easiest to calculate. As for SG Games, Onyx Technology, etc., no matter they are considered valuable, they are not listed, which is really unpredictable.
So when the Nasdaq began to collapse, and it directly jumped from nearly 4,000 points at the highest peak and never brought it back all the way, and it dived below 2,800 points, and sparked lightning along the way, which also dropped by one-third of Chen Chu's value!
When some media released that the world's richest man changed hands again, it naturally attracted the attention of countless people.
Chapter completed!