Chapter 993 Hilton's Receiver

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"Are you Jason's friend? That's my friend. If you said it earlier, maybe we could have dinner together in Hawaii. I believe we must have a lot of common topics to talk about."

Ito didn't dare to answer these words, for fear of revealing his secrets~

He took advantage of the opportunity to bring the topic back to the Hilton Group, "Paris, it's no secret that the Blackstone Group wants to sell the Hilton Group's shares. Basically, everyone who is capable of taking over the offer knows it. There is no need to hide it now. I just want to I would like to hear an accurate statement, whether the Hilton family has a repurchase plan, if so, I will go home immediately, otherwise, please give us Ito Corporation a fair competition opportunity!"

Using Yang Cheng's name to dispel Paris Hilton's concerns, and at the same time express his attitude directly, this was planned by Koji Ito before he came.

Paris Hilton is no longer that dissatisfied look, but full of ability, even though she is wearing an extremely tempting nightgown at this time.

"Mr. Ito, I must thank you for your concern for the Hilton family. This is our supreme honor, but whether the family repurchases shares is beyond my control. I am not the manager of the Hilton Group, nor is it the family Therefore, I think you may have asked the wrong person, and it is more appropriate to directly ask the people from the Blackstone Group."

At this time, Mitsui muttered impatiently, "If you can contact the Blackstone Group, why do you want to find me?"

Fortunately, he said this in his native language. Although Paris Hilton can speak a few words in Japanese, she certainly can't understand Mitsui's meaning, but this does not prevent her from expressing her dissatisfaction, "Please speak English, this is the behavior of a gentleman. "

Ito glared at Mitsui, and then apologized, "Paris, don't misunderstand, Mitsui is just depressed because he couldn't get a satisfactory answer from you, and there is no disrespect."

Paris is too lazy to pursue it. So far, she has not shown her true intentions. At that time, she approached Yang Cheng as a representative of the Hilton family, hoping that Yang Cheng would take over 25% of the shares in the Blackstone Group. Of course, the purpose was not so pure. In fact, Hilton The family has been making efforts to repurchase the group's shares, and Yang Cheng is their chosen middleman.

The original plan was to encourage Blackstone Group to sell 25% of the shares to Yang Cheng, and help Yang Cheng win the position of major shareholder of Hilton Group. Repurchasing the 25% of the shares from Yang Cheng not only gave the Hilton family time to raise funds, but also did not delay them regaining control of the Hilton Group. This plan killed two birds with one stone.

It's just that the Hilton family miscalculated one thing. Yang Cheng is not so easy to deal with. He is not an idiot who doesn't know what to do when he sees Qian's head. He is very smart and cautious. The Hilton family set him up. He might not have seen it, but that didn't stop him from avoiding the trap.

But it doesn't matter, Yang Cheng won't be fooled, there will naturally be fools who are willing to fall for it, just like those green-hat receivers who only care about the beauty of women and don't care about their past love history at all.

This receiver is very likely to end up in the Haihang Group of Country Z. The two parties have been in secret contact for several months, and the general cooperation framework has almost been discussed.

Lang has a concubine who is interested in love. If there is no accident, the century-old hotel empire will soon change hands again.

Since Hilton founded the first hotel in 1919, after a long period of development, the Hilton family has been controlling and owning the largest hotel group in the world. At that time, no one expected that this peaceful time would be broken by the Blackstone Group .

In 2007, the Blackstone Group announced that it would privatize the Hilton Hotel Group for US$26 billion at a purchase price of US$47.5 per share. After the news came out that year, it can be said that everyone’s attention was shocked, and the family business that lasted for nearly a century was left behind. ?

However, just when everyone thought that the Hilton Group would rise to the next level with the intervention of Blackstone,

The financial crisis that swept the world followed, bringing the global hotel business to a low tide. At that time, financial institutions estimated that the market value of Hilton Hotel evaporated a full US$6 billion out of thin air.

However, after privatization, with the help of Blackstone's management and finance, Hilton's operating and financial conditions have continued to improve.

Until the end of 2013, the well-established Hilton Group was re-listed in the United States, which became the largest IPO in the global hotel industry at that time. After the successful listing, the Blackstone Group, already the largest shareholder of Hilton, also became the biggest winner.

But the matter is not over. The Blackstone Group is a representative of the speculative circles. They are not prepared to operate the Hilton Group as a century-old enterprise. Making money is the kingly way. After Hilton went public, Blackstone, which integrated and handled the hotel business well After finding a way to make a profit, he began to continuously reduce his shareholdings to cash out. Black Stone, who was in urgent need of a successor, and the Hilton family, who wanted to restore the glory of their ancestors, coincided with each other, and began to look for a suitable successor.

The first ones to be targeted by them were of course speculators. They had the ability to mobilize large sums of money to acquire shares in the Blackstone Group. They also had no interest in running hotels. In order to choose the most suitable and best-controlled taker , Blackstone and the Hilton family conducted a lot of investigation and screening of potential targets, and finally determined Yang Cheng's Yuanshan Capital as the preferred target.

Yuanshan Capital is backed by the Chinese world and has strong funds. There have been several cases of investing in hotel real estate in the past. The most important thing is that the Chinese are easy to bully in their eyes. Take back the equity.

It’s just that accidents often happen. On the eve of looking for Yuanshan Capital, the Blackstone Group received a call from Mrs. Zipperton. Facing this strong competitor for the future president and one of the ZZ backers of the Blackstone Group, the Blackstone Group naturally would not Deny the other party's request.

Therefore, the temporary change of the target of the Blackstone Group directly approached Yang Cheng. While being able to teach him a lesson, he could also buy a share of New Era Media, which was definitely a surprise for the Blackstone Group.

It's just that none of them expected Yang Cheng's toughness, and in the end this matter had to be left alone.

Of course, Blackstone and the Hilton family inevitably had unhappiness. The Hilton family thought that Blackstone was holding back. In turn, Blackstone believed that it had not fully cooperated with the Hilton family's obligation. During that time, the relationship between the two parties fell to a freezing point.

Well, both sides are capitalists, and the cold war didn't last long when the money was at stake. After calming down, they once again embarked on the road of finding a successor.

At this time, the Haihang Group, which owns the country Z market and has a lot of money, received the news from nowhere, and even took the initiative to come to ask for the acquisition of Hilton Group shares.

Overjoyed, Black Stone and the Hilton family conducted a comprehensive investigation of Haihang. Although compared with Yuanshan Capital, Haihang's rise time is too short, and the background is slightly insufficient. In the eyes of Westerners who attach great importance to integrity, Haihang is not a An excellent pick-up object.

However, the other party was too rich. Facing the crazy offer of up to 7 billion US dollars, he hardly frowned. After only a few contacts, the two parties reached a tacit agreement at a price of 6.5 billion US dollars.

Afterwards, the three parties conducted more detailed negotiations. Haihang Group, Blackstone Group and Hilton Hotel have also signed a memorandum of agreement. The agreement stipulates that Haihang Group will acquire about 25% of Hilton’s equity from Blackstone’s affiliated companies. Equity transactions After that, Blackstone's shareholding ratio will drop from 45.75% to about 21%. Haihang will replace Blackstone Group as the largest shareholder of Hilton Group and will get 2 board seats.

As part of the transaction, the three parties also agreed on some restrictive clauses. Of course, this is mainly for the receiver. For some unknown reason, the Haihang Group readily agreed to most of the restrictive clauses, including the fact that they cannot Sell ​​any Hilton shares it holds; without permission, the proportion of Hilton's tradable shares held by it cannot exceed 25%, etc. If this is changed to Yuanshan Capital, it will definitely turn against them, and bullies will also be targeted!

Of course, in order for Haihang to agree to these harsh terms, the Hilton family promised to take the initiative to repurchase up to 16.5 million shares at the market price within a certain period of time, accounting for about 5% of the total shares. Sorry, but this was all planned in advance. If it wasn't for the Hilton family's lack of free funds and the need to borrow from the bank or sell bonds, this ratio would directly rise to 25%.

Is Haihang losing money? Of course not, no one in this world is a fool, Haihang really couldn't see that Haihang passed through the tiankeng jointly set up by Hilton and Blackstone so easily?

The answer is naturally no. Hilton and Blackstone are foreigners after all and do not know the inside story. Haihang not only successfully transferred assets overseas through large-scale acquisitions, but after successful cash out in the future, the funds will become free funds within Haihang. No longer subject to regulation, you can spend whatever you want.

Therefore, in the final analysis, all three parties have achieved their goals in this transaction, and all of them are big winners.

However, things have changed now. Before the final agreement was signed, another desperate receiver came to the door. This made Paris feel the charm of his hotel, but also hesitated to overthrow the agreement that had been negotiated before. conditions, and introduce another competitor to create greater benefits for the Hilton family!

No one could tell from the presentation that in fact, Paris's heart was already entangled to the point of death.

From the perspective of profit, it is completely reasonable and in line with the facts to introduce a fourth-party competitor to put pressure on the shipping side in order to obtain more favorable conditions.

But Paris doesn't know much about the Ito family. Even if she doesn't doubt the other party's financial strength, she still has reservations about the purpose of Ito's purchase, because judging from past cases, RB people seem to have a different way of running a business for a long time. persistent.

Just look at Sony Columbia in Hollywood. In the hands of RB people, one of the Hollywood giants has successfully branded RB. Even the public has become accustomed to it. No one thinks it is abnormal. This is what makes Paris hesitate the most. the part~