American Fortune Life
Chapter 1244 Monster, God, take him away! (forty/sixty-six)
In the evening, Andy walked out of the Gaia Building under the guard of bodyguards. Across the road were protesters holding various signs. On the sidewalk not far away, there were dozens of people with white areas and white signs covering their bodies. Dead protesters.
In the United States, quite a few people believe that the US government's rescue plan has benefited the Wall Street speculators who initiated the crisis.
Andy frowned slightly, shook his head, and got into the Maybach car. He heard that the protests on Wall Street were getting worse. Protesters in black and white masks had already filled up the area around the bull sculpture, and according to the news, Tomorrow they will launch a demonstration rally.
Andy knew that the seeds of 'Occupy Wall Street' had been planted, and as time went by, it would continue to skyrocket, and Wall Street seemed to become more and more chaotic. He was also a little helpless about this, after all, Lehman Building now It belonged to him, and Lehman went bankrupt, causing many people to suffer heavy losses. What can he say when these people protested in front of the original Lehman building.
The security situation seems to have suddenly become severe. The United States, where guns are rampant, may encounter some kind of psychopathy. To be honest, if it weren't for the merger of NBC Universal that made him unable to escape, he would definitely not be able to do so now. staying in New York.
As Andy guessed, late at night on the 29th, after the new tax law is no longer a secret, this new rule will also allow Wells Fargo to deduct the shrinking part of the book value of Wachovia’s assets from Wells Fargo’s income. This will save the merged bank billions of dollars in taxes!
Wells Fargo CEO Richard Kovacevic immediately called Midland President Steele, who had reached a deal with Citigroup, and offered a price of $7 per share, which is comparable to trying to annex Midland at $1 per share. Citibank is much more generous.
Midland's board of directors immediately decided not to hesitate to breach the contract with Citigroup, but chose to prepare to embrace Fuguo!
The battle between Wells Fargo and Citibank is officially on!
The tide turned on October 3rd. On this day, Wells Fargo announced that it would exchange Wachovia shares at a ratio of 0.1991:1 to acquire Wachovia Bank in its entirety without the support of government agencies. Wells Fargo's acquisition proposal was approved by Wachovia's board of directors.
Just a few minutes after the above two parties reached the acquisition agreement, Citi immediately issued a statement on the matter, with a tough attitude, accusing Wachovia Bank of violating the previous exclusive agreement with Citigroup and requesting Wachovia Bank and Wells Fargo to suspend cooperation. Do not enter into any further transactions.
Citigroup then applied to a New York court for a temporary injunction restricting Wells Fargo and Wachovia's transactions until the court rules otherwise.
Meanwhile, the U.S. stock market continued to plummet as the $700 billion asset rescue plan returned to the House of Representatives for a vote and may not pass again.
It was when the entire U.S. financial market was in huge trouble that Andy Smith and Warren Buffett joined hands. Not only for the benefit, but also for the patriotism of the need, and even for the still unstable market!
In the lobby of Rockefeller Center in New York, hundreds of reporters held up their cameras and frantically took pictures. Andy Smith, Warren Buffett, and General Electric CEO Jeff sat on the rostrum in a sea of white light.
"Mr. Buffett will purchase $3 billion of GE preferred stock at an annual dividend rate of 10%. He also has the option to purchase $3 billion of GE common stock at $22.25 per share.
Mr. Smith, will buy $3 billion of GE common stock at $22.25 per share. . . "
As the CEO, Jeff began to talk nonstop to the reporters below with a calm smile on his face, bragging about the excellence of General Electric, bragging about Andy and Warren, and Andy had a smile on his face. Smile lightly and take it calmly.
After all, the stock price of General Electric is still at 24.75 US dollars. It is still very interesting to be able to buy 3 billion US dollars of common stock cheaply.
It can be traded at any time. I believe that when this press conference was held, General Electric's stock also began to rise.
As for whether the sale will make GE vomit blood, that is not what Andy should consider. No one will let their money go to waste, and the interests come first.
Hearing Warren Buffett praise General Electric like a flower, Andy also smiled in his heart. He knew better than anyone else that the true destructive power of the financial turmoil had not yet been revealed.
From November 2008 to March 2009, these five months will be the darkest moment of the global economy. Now it is just hell. After that, everyone will understand that hell has eighteen floors underground. . .
"Mr. Smith, there are rumors that you are secretly in contact with General Electric to seek the acquisition of NBC Universal. Is this rumor true?"
As soon as the reporter's question was thrown out, there was an uproar at the scene, and there were buzzing discussions. The smile on Andy's face did not disappear, and he didn't seem surprised at all, because this news was released intentionally by General Electric. It was also approved by Andy.
Of course, in order to prevent Cheng Yaojin who cut off the Hu halfway, and General Electric, Andy will naturally guard against General Electric, and sign an exclusive agreement, so that Andy agrees to General Electric to release the news , to stimulate the stock price of General Electric.
"Hehe, it's a rumor, and it's a secret. I'm curious. Since it's a secret contact, where did you get the rumor? It seems that reporters in New York are all-pervasive. The rumor is true, and it's not a secret. I do intend to acquire NBC Universal, and negotiations with General Electric are also proceeding in an orderly manner.
It's no secret that I have a vision of a media kingdom, and everyone here knows it, from the original "New York Observer," to "Newsweek," Hollywood's Summit Entertainment, AMC Cable, Marvel Group, Bloomberg's news company and other companies are all puzzle pieces of my media kingdom.
It takes a lot of energy, time and money to start from scratch, and even more to build scale and influence. The idea of acquiring NBC Universal came about when Jeff and I were playing golf.
General Electric hopes to return to the road of core industries, and NBC Universal has become a white elephant. One needs funds, and the other needs to expand its business and realize its ideals. Because each takes what they need, a major deal is naturally hit off like this. "
Wow——
The audience was in an uproar, and when all kinds of questions were shouted one after another, Andy ignored the noise of these reporters, and directly suppressed the chaotic scene loudly and said: "As for the details, you don't need to know now, after all, it is still in negotiation, the transaction When it's done, you'll find out."
The press conference ended amidst the noise, and General Electric’s stock price began to rise against the market as expected. At the same time, in Washington, the $700 billion asset rescue plan also voted in the House of Representatives, and finally won by 263 votes to 171. pass.
At 2:30 p.m. that day, President Bush signed the bill, and the bill came into effect. However, at this time, more people in the United States were shocked by the news that Andy Smith was going to annex NBC Universal, the media empire.
Once the transaction is successful, it means owning a huge media empire such as NBC Television Network, Universal Pictures, CNBC, MSNB, Syfy, USA and Bravo cable channels, and will merge with all the media forces owned by Andy into one super jumbo.
And Andy Smith, a 25-year-old young man, will become the youngest king of this media empire, determining the family life and leisure time of one third of Americans.
All of a sudden, the entire Hollywood was stunned, and the shadow of the Great Demon King would completely cover Hollywood; the entire American media circle was shaken, and other competitors would have to re-emphasize NBC, which had become a low-end salted fish. The people were even more shocked by this, evildoer, God, take him away quickly!
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