Hardy Empire 1945

Chapter 205 Acquisition of Wells Fargo

The old man finally knew how Hardy succeeded. His previous politeness and calmness were all illusions. The blood in his bones was darker than that of a capitalist.

However, the old man knows that only such people can succeed in this society.

The acquisition of Wells Fargo, it's no small thing, Wells Fargo has more than $200 million in assets, it's a big deal.

The Fargo family is the founding family of Wells Fargo. They now own 17% of the shares. It is not easy for them to give up Wells Fargo, and Wells Fargo has dozens of other shareholders.

Hardy smiled, I believe that if Bank of America makes a move, it will not be too difficult. If you want cash, you can give them cash. If you don't want cash, I can exchange my shares in other properties, such as the shares in Hardy Hotel. .

The old man's eyes suddenly lit up.

Exchange with casino shares?

Yes, but the price needs to be negotiated. The profitability of the Hardy Hotel is obvious to all. If he is listed now, what do you think his market value will be. Hardy said.

Hardy knew that it was impossible not to give out any benefits. Giannini was a shrewd banker. Although he valued the chips in Hardy's hands, he had not yet reached the point where he would give out hundreds of millions to support Hardy.

The old man pondered for a while, looked at Hadi and said, Hadi, I will pay 60 million US dollars to acquire a 30% stake in the Hadi Hotel.

This price is equivalent to 200 million for Hardy Casino.

At the same time, I will help you complete the acquisition of Wells Fargo, and Bank of America will lend you the missing funds.

No one knows what will happen to the casino they cooperated with in the future. Even if it can meet expectations, it will take two or three years to see the benefits.

Hardy Hotel is the fat in front of you, and it has already started to make a lot of money. Giannini coveted the profits of Hardy Casino before, how could he let go of the opportunity now.

Hardy shook his head: The casino now earns 40 million a year, and I believe there will be more in the future, 30% of 100 million.

The old man thought the price was too high.

80 million is the most.

90 million, no more casino shares will be sold. There are 13,000 banks in the United States, and I can't believe that I can't buy a bank. Hardy said.

Okay, it's a deal!

The old man compromised.

By the way, just now you said you have a few things for me to help with, what else? Giannini asked.

I heard that you have a stake in Pepsi, I like this drink very much,

I wonder if Mr. Giannini can sell me the shares. ' said Hardy.

Giannini didn't expect Hardy to want to buy Pepsi. For him, Pepsi is just a drink. The real ruler of the cola market is Coca-Cola. Pepsi has only about one-tenth of the market share of Coca-Cola.

Especially during World War II, Coca-Cola entered the U.S. military’s logistics supply list, and sales increased sharply, while Pepsi was gradually marginalized and was once on the verge of bankruptcy.

Later, they adopted the strategy of increasing the volume and reducing the price. At the same price, they could buy twice the amount of Coca-Cola, so as to keep the low-end market.

Many black people drink Pepsi cheaply, so they are nicknamed black cola.

I own 23% of PepsiCo's shares. PepsiCo is now worth about $16 million. Do you want these shares? Giannini said.

In recent years, Pepsi has not made money, and its stock price has been very low. Hardy has no idea that he is willing to buy Giannini.

Yes, I want to. Hardy said.

Hardy said that he bought him because he liked the drink. Giannini thought he was completely nonsense, but it didn't matter. Pepsi was just a small beverage factory. With the giant Coca-Cola standing in the way, it was very difficult to develop. Hardy is fine.

Yes, I will sell it to you at the market price. Giannini said.

Hardy nodded in thanks.

Both of them are very happy that this exchange has achieved their goals. Bank of America can go deep into the Las Vegas casino to make money, and Hardy has obtained a promise to buy Wells Fargo and shares of PepsiCo.

Janini stayed with Hardy for dinner, and the two talked about many details. Hardy did not leave until after nine o'clock in the evening.

At the HD security station at night, Hardy called the old godfather, and the Corleone family owns 39% of the casino.

Hardy should let them know.

Mr. Corleone, I am going to raise funds, and at the same time cooperate with Bank of America and buy a bank, so I am going to sell them 30% of Hardy Casino shares. I have two options, one is that I will sell 30% to Bank of America alone. , and the other is that our two companies will each take part, I will contribute 20%, and Corleone’s family will contribute 10%, so that I will take 41% of the shares, Corleone’s family will take 29% of the shares, and Bank of America will take 30% of the shares.” Hardy said.

The old godfather knew that since Hardy mentioned selling shares, he naturally liked this method, otherwise he would not propose it.

No problem, Corleone's family pays 10%. The old godfather said happily.

The old godfather knew very well that the investment in Hardy Casino could be said to have brought huge income to the Corleone family, which all depended on Hardy's operation.

Hardy smiled, Thank you Mr. Corleone for your support. As for the 30 million shares sold, I will find a way to transfer it to you.

Hadi, you definitely need money to buy a bank. This money is temporarily placed with you and you can use it. If the Hadi Group has any investment in the future and needs an investment partner, just use this money to invest. What do you think? Like? The old godfather said with a smile.

The old godfather is also reciprocating. He believes that Hardy will not let him suffer.

No problem, there are a lot of profitable businesses, I will think of the Corleone family. Hardy said.

The next day, Hardy took Andy to Bank of America and met the president of Bank of America. The two sides signed a purchasing agreement, and Bank of America would help Hardy acquire all the shares of Wells Fargo.

At the same time, Hardy also got a share of PepsiCo.

The purchase price is 3.68 million.

As for money.

loan.

Hardy is now a major lender of Bank of America, and it will take a lot of money to acquire Wells Fargo later. The three million or so is small money.

Giannini contacted the current helm of the Fargo family, Reid Fargo, and invited him to the manor for dinner. After the two sat down, Giannini smiled and said, Reid, someone wants to buy Wells Fargo.

Red Fargo was startled, Who is it?

You should have heard, Jon Hardy.

It's him. When I held the board of directors last time, I heard from the company's president. Now Hardy Group is Wells Fargo's largest customer. Airlines, casinos, investment funds, TV factories, and company funds are settled in Wells Fargo.

They also happily told me that Hardy Group's business now accounts for more than 20% of Wells Fargo's business. With this major customer, Wells Fargo's performance will be greatly improved this year. Giannini said.

Unexpectedly, he wanted to swallow Wells Fargo whole. Red Fargo said angrily.

It's normal, his business is getting bigger and bigger, and he wants to have his own bank to serve him, so it's more convenient to operate. Giannini said.

Mr. Giannini, I hope you stop him, the Fargo family is the founder of Wells Fargo, and we don't want to lose our foundation. Red Fargo said anxiously.

Giannini shook his head, Fargo, this matter is not easy to stop. If Hardy pulls all business out of Wells Fargo, Wells Fargo will lose a lot, the stock price will inevitably plummet, and everyone's interests will be damaged.

Do you think those small shareholders will be able to bear it? He will acquire enough shares and then launch a compulsory acquisition of Fuguo. Giannini said.

Rhett Fargo was a little anxious, I know you can stop him, Mr. Giannini.

There are more than 13,000 banks in the United States, and Wells Fargo's ranking is only in the middle. Even in California, Wells Fargo is only a small bank. I believe you understand it yourself. Giannini said lightly.

Wells Fargo's performance in recent years has not been good, and shareholders are not satisfied. If Hardy withdraws the business and the stock price plummets, what do you think the shareholders will choose? It is better to sell at a suitable price now.

Including my shares will also be sold.

I've contacted other minority shareholders and offered a reasonable price, and I believe they don't want to see Wells Fargo's stock drop by 80% before selling.

Reid, this is business. My advice to you is to get the money and invest in other areas. Bank of America has many cooperative enterprises, you can choose.

Giannini said a long paragraph, which contained persuasion and threat.

Hearing what Giannini said, Rhett Fargo knew that the situation was over, and calling him today was to inform him.

The Fargo family can hold on and hold on, but I am afraid that it will suffer heavy losses. If Bank of America wants to clean up Wells Fargo, it is simply too simple.

Much of Wells Fargo's business is corporate business within the consortium. As long as Bank of America withdraws from this part of the business, Wells Fargo will not be able to support it.

Okay, I'll go back and discuss with the family, and I'll give you an answer as soon as possible. Reid said with some frustration.

these days.

There are some rumors in the market that some people are preparing to force the acquisition of Wells Fargo Bank, some people say that some big companies will cut off their cooperation with Wells Fargo, and there are also that Bank of America has negotiated with many shareholders of Wells Fargo, in short, there is a lot of news.

Wells Fargo's stock price fell slightly as the situation was unstable and people didn't know what to expect.

It doesn't matter if it's just a period of time, but there have been successive declines, which shows that some people are not optimistic about the future of Wells Fargo and are continuing to ship.

A hotel in San Francisco.

Hardy has a guest today.

A middle-aged man in his forties walked into the hotel, Hardy smiled and stood up and shook hands with him, Good afternoon John.

Hello, Mr. Hardy.

Johnston is the current president of Wells Fargo, and Hardy had contact with him before. After all, the two have a lot of business dealings.

In Hardy's view, Johnston is a banker with a high level of management. His two years as president have brought the originally mediocre Wells Fargo to a new level, especially in cooperation with Hardy Group. In this case, the bank has benefited a lot.