Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

Because the auction was conducted in a blind bid, after the three parties submitted sealed prices, the official announcement of the final result was required.

But when the officials of the judicial auction department opened the three sealed documents, they showed a strange look.

"Longguo Sanshi Group is willing to offer 3.2 billion US dollars."

"Sakura Hoshino Group is willing to offer 3.1 billion US dollars."

"Cayman Capital is willing to offer 3.5 billion US dollars!"

The reason why the official showed such a strange look was that the prices offered by the three parties were extremely low!

According to the normal process, it should be announced at this time that Cayman Capital won the blind bid and obtained the ownership of all Pan Am's assets.

Grasso realized something. This price was far lower than the price in his mind. Could these three parties be secretly connected?

This is a routine operation in the construction industry. Find a few groups to bid, discuss the quotes first, and then secretly divide the fruits.

Realizing this, Grasso objected:

"I object. This price is a complete underpricing of Pan Am Group, which harms the interests of us debtors."

"Objection is invalid!"

The official auctioneer knocked on the table and responded:

"Sir, you set the starting price yourself. Everything complies with the legal basis of the United States's blind bidding. The auction is valid!"

Grasso was speechless after being refuted. He didn't expect that he would shoot himself in the foot by setting the lowest price.

However, he still felt that there was something fishy about this blind bidding, in order to buy Pan Am's planes and hotels at the bottom.

"Mr. Grasso, I think you need to take a look at Cayman Capital's blind bidding restructuring plan before you say anything!"

"Restructuring plan?" Grasso was stunned. Cayman Capital actually wanted to restructure Pan Am and continue to operate?

According to normal procedures, shouldn't it be declared bankrupt directly on the spot?

Does Cayman Capital still want to be responsible for those small shareholders?

He took the restructuring plan and read it again.

It turns out that Cayman Capital does not intend to give up the international routes operated by Pan Am. They plan to use $3.5 billion to repay all debts.

Then they will integrate Pan Am's existing business, sell a batch of old Boeing aircraft, buy the latest aircraft - Airbus A320 and Boeing 757, and continue to operate Pan Am with the goal of profit!

Grasso thought of Robert's identity as a financier.

It turns out that Robert is interested in the attributes of Pan Am as a listed company and plans to increase Pan Am's share price to make a profit in the financial market.

"I still refuse this secret bid price. Pan Am has more than this number of aircraft!"

"Protests are invalid, sir. I hope you can understand one thing. Whether Pan Am reorganizes or completely terminates operations is up to us officials.

"Cayman Capital's restructuring plan is in the best interests of everyone. "

Grievance, wanting to cry, countless emotions mixed together, gathered in Gracchus heart.

He looked at Robert's smug smile with resentment.

How Pan Am ends is indeed not something that Citibank can decide alone.

The Los Angeles government certainly hopes that Pan Am will be restructured and profitable again, unless Citibank is willing to pay more and give a more perfect restructuring plan.

But Citibank just wants to stop the loss in time and has no intention of taking over the business.

"Humph, Robert, you actually teamed up with outsiders to dig a hole for us. Aren't you afraid that the entire Wall Street will stand up and boycott you?"

Facing the threat of the big banker, Robert put his hands in his pockets and smiled:

"Sir, don't be so excited, this is just a normal business transaction.

My taking over Pan Am is in the interests of the public, and you are undoubtedly standing on the opposite side of everyone this time."

"If I were you, I would accept this deal, because no one would offer a higher price than me. ”

It is an indisputable fact that Pan Am’s assets have been listed for half a year, but few people are interested in them.

If it continues to drag on, Citibank will only fall into an unfavorable situation in the business negotiations.

“Okay, I accept it.”

Robert was relieved. What he was most worried about was that Grasso, who was tricked, would act on impulse.

He just refused the deal.

Fortunately, the president of Citi was still very rational. After knowing that he had fallen into a trap, he did not have the intention of fighting to the death.

“Robert, I think we are the same kind of people. If you want to buy Pan Am, we can sit down and talk instead of joining forces with outsiders to cheat me.”

“You are still brooding over this matter. The three of us secretly joined forces just to get what we need.”

Grasso snorted coldly and left the venue with an unhappy face.

Robert walked up to Ni Pingnan:

“Mr. Ni, thank you very much for your cooperation. Just do as we discussed before.

We will sell 25 Boeing 777s to Sanshi Aviation Management Group.The price will be discussed later."

Ni Pingnan's assistant was a little dumbfounded. He didn't know that there would be such an inside story in this acquisition.

No wonder the president privately modified the price on the bid.

According to the original bid, it should be 5 billion US dollars!

"Robert, don't forget what you promised me."

"Ms. Quan Jing, of course I haven't forgotten. I also hope to get some money back to continue to operate Pan American."

Ni Pingnan's assistant shuddered at the scene.

Finally realized that this was a conspiracy of the three companies against Citigroup.

After the auction, the group of shareholders had not dispersed.

Seeing Robert and others come out, they protested loudly.

Robert walked towards the crowd calmly.

The bodyguards hurriedly followed and separated him from the protesting crowd.

"Mr. Robert, do you have any news to tell us? Who will get Pan American's assets? "

A reporter put the microphone in front of Robert at the right time.

"I do have something to announce. We, Cayman Capital, have decided to continue operating Pan Am after acquiring all the legacy of Pan Am!"

Pan Am's assets include 50% of the shares used as collateral.

In addition to the 20% of the circulating shares that Robert had previously acquired at a bargain price, he has completed the controlling stake in Pan Am.

Of course, Pan Am is now just an empty shell, and all the airline hotels have been owned by Cayman Capital.

"In order to save your investment, we, Cayman Capital, are willing to buy back your shares at twice the market price."

As soon as the news came out, the crowd immediately boiled.

The originally numb eyes had a few more strange colors.

Pan Am's stock price is already worthless, but it would be best if someone is willing to take over.

Many people have decided to sell their stocks to Cayman Capital.

But some smart people realize that Cayman Capital will definitely drive up Pan Am's stock price if it takes over the operation of Pan Am, and they plan to wait and see.