Start with a Cat and Mouse Game
Chapter 752: After all, it's still benefit
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With 17% of the shares, only 34% of the support is needed to determine all things and decisions of Citigroup.
There have long been internal rumors that at least 60% to 70% of shareholders publicly support him.
With such a high approval rate, it is not too simple to get 34% of allies.
Two days later, at 10 o'clock in the morning, Li Changheng appeared at the signing ceremony, with an excited face flushing Annie.
The guests who have been waiting on the scene a long time ago, except for dozens of high-end New York and camera crews from three TV stations qualified for live broadcasting.
Hundreds of reporters were all beaten up.
Holding a camera, a tape recorder or a pen and a notebook, frantically trying to squeeze the security of the two human walls, and squeeze towards Li Changheng.
In the past two days, because the National Council Review Committee announced the press conference that approved Li Changheng's shareholding in Citigroup, the whole country and the capital world have already known that Li Changheng will become the largest individual shareholder of Citigroup.
But after the people were surprised and shocked, what they wanted to know more was the specific amount of this transaction.
And what price did Li Changheng pay to get 93% of Citi's shareholders to vote in favor.
Even Rockefeller has put aside prejudices and concerns about competition in the rumors, and welcomes him instead.
As for Morgan, it and 7% of other shareholders opted to abstain.
This means that none of the entire Citigroup voted against it.
Two large consortia, plus dozens of large and small forces, are not only unique in the history of the acquisition of super-giant enterprises, but it also reflects that the price Li Changheng paid is definitely not low.
After taking Annie and spending ten minutes to say hello to dozens of people, Li Changheng and the chairman of the Citi Board of Directors signed the contract, stood up, took the contract, and asked the reporter to take a photo.
This entered the question session that Li Changheng disliked the most but had to carry out.
"Lord Selby, can you tell us how much money and price it cost you to invest in Citigroup?"
Li Changheng thought for a few seconds, then said with a smile, "1 billion US dollars in cash, plus additional conditions, about 1.5 billion."
"God,,,,."
Although everyone is mentally prepared, it is still a bit unacceptable to hear about 1 billion US dollars in cash.
The tens of millions of Americans who followed this incident in front of the TV were even more frightened by the 1 billion cash.
This is real cash, not a share swap or installment payment.
The whole country, and even the whole world, apart from major commercial banks, not to mention the easy cash out of 1 billion US dollars, but not even 100 million companies.
Let alone the individual.
While countless men envy and hate, countless women are eager to replace Annie and become Li Changheng's fiancée.
There are innumerable English people who are listening to the radio, and they know about it, exclaiming while shouting long live Annie.
The assets of the entire royal family have been estimated at 500 million pounds since statistics.
If it were replaced 4 or 5 years ago, it would have been 2 billion.
But now, after all, it's less than 1.2 billion.
Fortunately, after the English people felt aggrieved, they thought that if the two were to get married, based on Li Changheng's assets, half of Anne would immediately be richer than the entire royal family.
Even in the event of a divorce, England will probably welcome the richest princesses and women in the world.
It's a pity that Li Changheng will not belittle and underestimate Annie, but it is impossible to split the divorce in half.
You don't even have to wait until marriage to consider this matter. At the beginning of 1971, his main assets were already controlled by the cross-holding offshore fund.
Moreover, Annie's thoughts at the time were all that he had given up landing on the moon. After seeing that he could not persuade, Xiao Nizi was angry, and signed a contract with more than ten points without even looking at it.
If the two of them really broke down and got into divorce again, Annie should be a billionaire wife. After all, many assets are not cash, but shares.
Allocating shares to several companies at random will be enough for Annie to be rich for a lifetime, but don't even think about sharing half of it.
However, because of the family fund, the children of the two must have a large percentage of inheritance rights.
By the way, Annie and her children have no part in the industry on Hong Kong Island.
.......
There were more than one hundred people at the signing site. After being exclaimed, some people with strong calculation skills were quietly counting in their hearts, and there were again exclamations and whispers.
Citi’s external valuation was 6.1 billion half a month ago. After the news of Li Changheng’s acquisition, the stock price soared to 7 billion.
But 17% of the shares are 1.19 billion U.S. dollars, and Li Changheng bid 1.5 billion, which means that the premium is much higher than the outside world expected.
Not more than 50%, but only 29.3%.
At this price, if Citigroup is willing to sell shares to the public again, let alone the major consortia, even ordinary wealthy people will definitely mobilize the largest funds and rush to buy them.
The reason is very simple. As long as the United States does not fall, the economy is still on the rise, a few years, ten years later.
The stock price will always rise to more than 30%, and the identity advantage that Citi brings is by no means comparable to a little money.
Otherwise, Li Changheng would not be so eager to buy a stake in Citigroup.
And everyone at the scene quickly understood that, in addition to 1 billion in cash, an additional condition worth 500 million US dollars is the key to the shareholding.
"SIR, can you talk about how, apart from cash, how did you impress 93% of shareholders and let 7% of shareholders abstain?"
Li Changheng looked at Alan Gay, the chairman of the board of directors, and Tyler Garnell, the vice president of Citigroup.
Seeing the two shrugged and motioned for him to be casual.
Even before, he had been opposed to it, worried that he would take away the chairman of the board of directors, and Alan Gay, who was hostile to his shares, looked at him with a kind smile on his face.
Li Changheng almost frowned~www.wuxiaspot.com~ and sighed helplessly in his heart. Capitalists are worthy of money scavengers.
Moreover, it is extremely short-sighted and only looks at short-term benefits.
Of course, if Li Changheng hadn't been listed, he would probably be the same as shareholders. After all, no one can meet him. Citi's future market value will exceed one trillion US dollars.
Therefore, he just pulled supporters and previously opposed shareholders into several projects, and these guys immediately surrendered.
After thinking about it for a while, Li Changheng smiled and said, "Since Chairman Alan Gay is unwilling to show the limelight, I am honored to announce it.
In the next three years, Citigroup will not only enter the production of scientific and technological crops without soil and any pesticides.
It will also try its best to cooperate with major media groups to develop a new sales model that can change the entire sales industry.
Third, I will invest 100 million U.S. dollars and use a word processor invention at a price of 30 million U.S. dollars to acquire 35% of Xerox's shares.
Starting today, Citi will officially enter the office automation and personal computer industries under my leadership. "
Citi is crazy. This is the first thought of everyone present except the shareholders who attended the meeting three days ago.
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