Reborn Capital Empire

Chapter 739 Voting Rights

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This time Guo Shouyun directly took out the Merrill Lynch shares he owned.

"There seems to be only 41.7% here."

Old Morgan asked the same question as Ned Johnson. And Guo Shouyun also came up with the same answer.

"We just acquired 5.4% of Merrill's shares held by Fidelity Fund, but the time is too short, and the stock certificate has not yet been obtained." Guo Shouyun said calmly.

He had already made up his mind that if the Morgan family's terms were too high, he would go and do a deal with Fidelity. Choose one of the two, there is always one that suits you. Therefore, he is not afraid to expose his trump card.

Looking at his expression, old Morgan, despite his scheming, did not see any favorable factors for this negotiation.

"If the deal, what will the Morgan family get?" After a moment of contemplation, the old Morgan did not study the issue of equity. In his view, 41.7% is already an astonishing figure. On this basis, as long as you are willing to spend money, it is not difficult to get a controlling stake in Merrill Lynch. Therefore, whether 5.4% of Fidelity Fund's shares are really in Guo Shouyun's hands is not important to the old Morgan.

"I'm going to push for the Phoenix-Merrill Lynch merger. If Mr. Morgan is willing to help with this, you can get no more than 20 percent of the original stock in the new company."

Old Morgan squinted his eyes, this temptation is really big enough! With the respective assets of Phoenix Bank and Merrill Lynch, once the two sides merge, they will inevitably surpass Citigroup and become the largest bank in the United States. Certainly the largest bank in the world. If you can get 20% of the original shares of the bank, and when it goes public, the Morgan family can get billions of dollars in returns, even tens of billions of dollars.

Of course, the difficulty will be extraordinarily amazing. At least these competitors, including Citi, Bank of America, ****, do not want to see a big guy climb on their heads.

"Mr. Guo's appetite is still as shocking as before. However, if you want to promote the merger of Phoenix and Merrill, you and I may not be able to succeed!"

"Of course, so I plan to repeat the story of Unocal's financing after the successful acquisition of Merrill."

Hearing this, several prominent names such as the Bush family, the Roosevelt family, the Kennedy family, the Blackstone Group, and the CapitaLand Group appeared in the mind of the old Morgan.

If you add Morgan and Guo Shouyun's own influence, it is indeed promising to promote the merger of Phoenix and Merrill Lynch.

"You pulled so many people to invest, and promised Morgan at least 20% of the original stock. What? You don't pursue controlling the Phoenix Bank?"

Guo Shouyun shook his head.

“Phoenix now has about $700 billion in assets and Merrill Lynch has $1.85 trillion in assets. If the two merged, the new Phoenix Merrill Lynch would have a combined total of $2.55 trillion, according to Merrill and Phoenix’s 2004 balance sheets. Assets, 120 billion core capital, 80 billion US dollars in total revenue, and 15 billion US dollars in net profit, surpassing Citigroup and becoming the world's largest comprehensive financial institution. Such a huge financial institution is destined to become private property. Otherwise, even if we are all together With force, Congress will not approve the Merrill Lynch-Phoenix merger proposal."

Old Morgan nodded in appreciation, "It's rare that you have such a clear understanding."

Guo Shouyun smiled slightly. He gave up the absolute controlling stake in Phoenix Merrill Lynch Bank. Although there are factors to reduce the obstacles set up by Congress, it is more for the subprime mortgage crisis three years later.

In this financial crisis that started on Wall Street and spread to the world, even Phoenix Merrill Lynch didn't lose much on subprime bonds. But also because of the stock market crash, the stock price will fall sharply. This is determined by the general environment, not Guo Shouyun personally can change.

Therefore, under this systemic risk, the more Phoenix Merrill Lynch shares are held, the greater the loss. Therefore, the best way is to hold a certain amount of shares, and then get more than half of the voting rights to ensure control of the company. Wait until the worst of the economic crisis to enter the market and buy the dip.

"Although I won't ask for absolute control, I hope that I can control no less than 35% of the shares and have at least 51% of the voting rights." Guo Shouyun said.

"This is no problem for me. I believe other people will agree. After all, your management of Phoenix in the past five years has been enough to reflect your financial talent and business talent far beyond ordinary people."

"Your affirmation is the greatest compliment to me!"

After the old Morgan smiled, "After the merger, when do you plan to relist Phoenix Merrill Lynch?"

"If the merger goes well, I need about a year for internal business integration and personnel adjustments. So the middle of next year will be the right time to go public!"

After nodding his head in agreement, "Since it is the merger of Merrill Lynch and Phoenix, then there is no need to sell the 5.83% of Merrill Lynch shares held by the Morgan family fund to you. I can write a license agreement to transfer this part of the shares. The voting rights are authorized for your use."

Guo Shouyun briefly thought about it and then nodded~www.wuxiaspot.com~ As long as he has more than 50% of the voting rights in the stock, he can completely control Merrill Lynch. As for whether the specific stock is in his own hands, it is secondary. .

Now that the agreement was reached, Morgan and Guo Shouyun soon signed a one-year equity management transfer agreement.

Guo Shouyun breathed a sigh of relief when both parties signed and made the agreement truly legal. With this 5.83% authorization, the voting shares he owns reach 47.53%. As long as 2.48% of Merrill Lynch shares are acquired from the secondary market, the absolute controlling stake of Merrill Lynch can be completely grasped. Victory was in his hands.

Merrill Lynch's current total share capital is 1.517 billion US dollars, 2.48% of the shares are 37.63 million shares. Merrill Lynch's trading volume in one day is close to 20 million shares, and Guo Shouyun can get this part of the equity from the secondary market within three days at most, but no more than four days.

Compared to his speed, Stan O'Neal wants to buy back the stock first to get the approval of the board, and then to raise funds. It will take at least two to three days for him to really start working. During this time, Guo Shouyun had already obtained the equity he wanted.

However, don't be afraid of ten thousand just in case. Whether it is the blessing of Centennial Merrill, or Stan O'Neill's personal connections on Wall Street, he can use external funds to compete with Guo Shouyun for the equity of Merrill. In case of any white knight, Guo Shouyun's acquisition of Merrill Lynch may fail. Although this possibility is very small, he can't ignore it.

Therefore, after getting the authorization of Old Morgan, Guo Shouyun returned to the hotel non-stop. But he did not rest, but took Wang Jue and Wu Xiaojing to check out, and left New York quietly.

Of course, instead of going back to San Francisco, he came to Washington again.

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