My 1999

After a long passionate kiss, Xu Liang stopped.

The occasion was not right, so he couldn't really take up arms.

"Dear, you are great.

Vincent Borore's face turned pale with anger because of you, and his gloomy look was simply laughable."

Xu Liang's broad palms lingered on the thighs wrapped in black stockings.

"Don't be happy too early. Although Vincent has lost the way to increase equity through targeted financing, he can directly acquire from the secondary market.

So the next step is to compete for the financial strength of both sides.

Whoever can get 51% of the equity first will completely win this acquisition war."

Christina seemed full of confidence, with admiration on her pretty face.

"Dear, I believe you will definitely win in the end."

"Haha, of course."

--

There is no impenetrable wall in the world, and everything that happened at the Vivendi board meeting was quickly spread.

The twists and turns of the plot instantly occupied the business headlines of all news media that day.

Vivendi's stock price rose in response.

It had only risen by less than 10% in the previous week, but now it has increased by 20% in just one day.

Vivendi's share price has also crossed 24 billion euros and is rapidly approaching 30 billion euros.

Soon, Christina Investment Company announced that it held more than 30% of Vivendi Group's shares, and in accordance with the provisions of French securities law, officially launched a mandatory tender offer to all institutions and individuals holding Vivendi Group's shares.

The price is 52 euros per share.

That is to say, the acquisition is based on Vivendi's market value of 25 billion euros.

From the date of publication, this mandatory acquisition invitation has been valid for half a month.

Of course, for investment institutions and individuals holding Vivendi's shares, if they think the price is too low, they also have the right to choose not to sell.

Christina Company started to spend money, and everyone was not surprised. Soon everyone turned their attention to another competitor of Vivendi.

But the Borore family has been slow to issue the same mandatory acquisition invitation.

For a time, the voice of pessimism was rampant.

It also affected the share price of Vivendi Group.

"Father, the group's liquidity is almost exhausted. If we continue to withdraw funds, once we encounter difficulties, the operation of the Borore Group will be in danger."

Dresi Borore said in a deep voice.

"Father, we can use the group's equity as collateral for mortgage loans. Many banks are willing to provide us with discounts." Obed Borore said hurriedly.

He looked at him coldly. Although they are brothers, they cannot tolerate emotions when it comes to interests.

Dresi never wants his father to use the interests of the Borore Group that he will inherit in the future to exchange for Vivendi's equity.

"Father, financial institutions are greedy demons. They charge more than 8% interest on every penny of the money they give us, which will put the family in huge debt."

"Dresi, things are not as bad as you think. Although the interest is higher, we can sell part of the assets to repay the debt after acquiring Vivendi.

And we can also issue corporate bonds to raise funds. There are many ways.

But if we miss this opportunity, Vivendi Group will never be acquired by the Borore family again."

"Obeid, of course I know the benefits of acquiring Vivendi, but the price is too high. A forced acquisition will only put the family in danger."

While speaking, turning his head, Dresi looked serious.

"Father, I think there is no need for us to confront Xu Liang. Reconciling with each other and getting the shares of Havas Group and Pacific Fund from him is the most favorable choice for us with low risk and high return..."

"Dresi, you are too cautious. This is Paris, the home of the Borore family. We are fully capable of acquiring Vivendi. And once successful, father will become a business elite with two major corporate giants, Borore Group and Vivendi Group.

The influence of the Borore family will truly surpass France and become a world-class noble.

Father will also become the best person in the Borore family and will be remembered by the family and history forever."

Obeid knows his father's character very well.

It has always been his dream to expand the family business and become the top business family in France and even in Europe.

This is also the reason why he gave up the shares of Havas and Pacific Fund and insisted on acquiring Vivendi.

"Father, I think..."

"Okay." Vincent Borore interrupted Deresi, "The acquisition of Vivendi Group has reached a critical period, and there is absolutely no reason to give up."

Turning his head.

"Obeid, please help me make an appointment with Mr. Henry from the Industrial Bank."

"Okay."

"Everyone go down."

Vincent Borore waved his hand.

Dressy walked out with a somewhat ugly look, looking at his brother who was born of the same mother.

"Obeid, the acquisition of Vivendi Group is not that simple. With your wisdom, you should know this very well."

"My dear brother, even if you are right. But no one can go against my father's will, right?" He patted his shoulder with a little pride.

"Run your Borore Group well, so that my father can raise more money when he raises funds."

After saying that, he walked downstairs.

Looking at his back, a cold light flashed in Deresi's eyes.

——

"Chinese people get out of France, Vivendi must not be sold to Golden Caesar"

Bernard looked at the news on the front page of Le Parisien and laughed.

"Borol's public opinion offensive is getting more and more intense."

"Compared to the wealthy Caesar, the Borrol family is short of ammunition, so it is normal to supplement it with public opinion." Louis Muriez laughed.

Bernard took a sip of the coffee on the table.

"Who do you think will have the last laugh?"

"King Caesar."

"Oh? Public opinion is not in his favor now, and the French cannot accept Vivendi being acquired by the Chinese. More importantly, Borore has reached an agreement with Industrial Bank to issue 3 billion euros of corporate bonds.

Adding Vivendi's original cash reserves, Borore has at least 5 billion euros of huge cash flow.

In terms of financial resources, he may not lose."

Louis Muriez smiled and said, "In France, the people who can really make decisions are always the big shots in the upper class, and ordinary people are just tools.

King Caesar obviously understands this.

He has taken out enough benefits to share with the powerful, including you and me.

So unless the public opinion against him can make the whole of France a sensation, it will not be a big deal. .

And our Golden Caesar cleverly launched Miss Yerry and used public opinion to shape her into a model of female success.

Now half of the women in France regard her as an idol.

One-third of men think she is their angel.

As long as Ms. Yerry is in the open, Borore's public opinion offensive will not play a big role.

As for cash.

Haha, Pacific Fund has just made $18 billion in the past two years. The entire Hanhua currently has 10 offices around the world, and there are more than 50 venture capital funds, private equity funds, and hedge funds in total.

The net profit of one year will only be more than $18 billion.

Even if Borore puts the entire group on it, it is impossible to surpass Golden Caesar. "

"So he is doomed to lose?" Bernard smiled.

"Of course. And this is also a good thing for us."

Looking at the meaningful look of the old friend, Bernard laughed.

"It is indeed a good thing."

--

"Didn't you only plan to acquire the Canal+ Group before? Why are you thinking about the entire Vivendi now?"

On the phone, Jiang Xiaoyang's voice was still crisp.

"Of course I want to acquire only Canal+ Group, but things don't always go as planned. There is no way, I can only change the goal temporarily."

"Does it have to be Vivendi? There are many good companies in Europe." Jiang Xiaoyang said.

"Too many sunk costs have been paid, and it is difficult to turn around. Moreover, Vivendi's main businesses are the Internet, pan-entertainment, telecommunications and publishing industries, which have some overlap with Hongmeng and Penguin.

At present, it is the most suitable company for acquisition."

"But you need to mobilize too much funds to achieve your goal."

"It is a little more. But not as much as you think.

After completing the acquisition of Vivendi, I will sell Havas Group, which will at least bring back 3 billion euros in cash for Vivendi Group and reduce 2.5 billion euros in debt.

Vivendi Network will be integrated with Sina, and by At that time, Sina will be the second largest portal website in the world, second only to Yahoo.

The integration effect brought about by this will allow Sina's stock price to reach a high of 20 billion US dollars.

Bring Vivendi a rich book return.

Finally, I will make some financial planning for Vivendi and recover some funds from the financial market.

After completing these.

Then see how Vivendi's financial performance is. If it still doesn't work, sell Veolia Environment's shares.

In short, there are many ways to reduce debt.

If it goes well, I can make a lot of money while acquiring most of Vivendi's assets. "Xu Liang smiled.

Jiang Xiaoyang was silent for a moment, and said faintly.

"It is not easy for a Chinese to acquire a company of Vivendi's size in France. It is not only a problem of funds, but also a problem in all aspects.

Are you...are you really sure?"

Feeling her worry and concern, Xu Liang smiled.

"People always have to have some goals and challenges in life, otherwise it would be too boring.

Vivendi is the challenge I set for myself.

I can accept success or failure."

"I understand. If Hongyan's cash is not enough, Hanhua still has a lot."

"Don't worry, when the critical moment comes, I will use Hanhua's funds without you telling me. But your husband is very skilled, and Vincent Borore is a man who is ambitious and indecisive.

He is not my opponent.

So, too much money can't be used."

"It's good that you have confidence. ... Yangyang misses his father, come back early after you are done."

"Yeah."

Xu Liang hung up the phone and exhaled slowly.

Although he seemed confident and relaxed in front of Jiang Xiaoyang, it was not as easy as he imagined to face Vincent Borore.

A big family rooted in France for two hundred years has much more power than he imagined.

Although he established Christina's "strong woman" person in time.

But the malicious remarks against him in the media are still boiling.

Even every day, reporters surrounded his residence on Avenue Foch, and yesterday someone even threw a Molotov cocktail inside.

Although he brought a large number of bodyguards to ensure the safety of the entire residence, the endless noise made it difficult for him to sleep peacefully.

In order to get a good night's sleep, he, Christina and their two children moved underground these days.

He picked up the phone and called Lu Hui in.

"Mr. Xu."

"How much of Vivendi's shares have you acquired?"

"Including the shares of the Li family and the Qiu family in Hong Kong, we have acquired 41.8%."

"It took only a week to acquire 7.4%."

"Many large institutions and investors think that our competition with the Borore family will last for a long time, so they are unwilling to sell shares."

"What is the current market value of Vivendi?"

"The market value at the close of the market this afternoon was 33.8 billion euros."

"It has risen by nearly 70%, and there are many people who are looking for bargains." Xu Liang smiled.

"Mr. Xu, it's hard to get equity for our 25 billion euro offer. Do you think we should raise it a bit?"

Xu Liang pondered for a moment, "Has the Borore family issued a mandatory takeover offer?"

"Not yet. Vivendi's stock price has risen too fast. They have just finished negotiating with Industrial Bank, and it will take time to make the subsequent loans.

So we should take this opportunity to completely take over Vivendi with our capital advantage."

Lv Hui's idea is good, but the price is too high.

He doesn't want to do it.

"I see, you go and get busy first."

Lv Hui nodded, turned around and left.

After wandering around the office for a few rounds, Xu Liang looked up and looked out the window.

The once clear Paris market has been blocked by a layer of white curtains.

The situation is complicated now, safety first.

He sat back on the sofa, took out his mobile phone and called.

The call was quickly connected.

"Old Xia, how much did Vivendi's convertible bonds acquire?"

"870 million euros."

"How much will it be if it is converted into stocks?"

"According to the agreed price, you can get about 6.4% of Vivendi's equity."

Convertible bonds are bonds that bondholders can convert into the company's common stock at the agreed price at the time of issuance.

Instead of converting into common stock bonds according to the company's current market value.

So you can get 6.4% of the equity.

"Can you get more?"

"Yes, but the price has grown too high. If you take more, the cost will be very high."

"Then let's do it this way for now. There is no need to acquire it for the time being."

"Okay."

After Xu Liang hung up the phone, he picked up a pen and calculated on paper.

The conversion of convertible bonds into equity is equivalent to a financing.

His 41.6% holding will definitely be compressed.

Naturally, it has to be recalculated.

After a moment, looking at the number obtained, he felt relieved.

"Only 5% is needed to completely overwhelm the Borore family."

Although it is not much, according to the current development trend of the Vivendi Group, even 5% of the equity will require nearly 2 billion euros.

If Vivendi's stock price skyrocketed due to his massive acquisition, the cost would be even higher.

Xu Liang didn't want to spend so much money.

After a moment's hesitation, he took out his mobile phone and called Wang Zhidong who had been staying in Paris.