Chapter 178 Emergency Medical Treatment
Buffett's strategy is correct, because the Yasuda family, the largest shareholder of the board of directors, owns less than 20% of Fuji Bank's shares due to multiple share allocations. Becoming the largest shareholder of Fuji Bank, the proportion of retail investors in the market has reached 40%. This is a very dangerous signal. Once Buffett becomes the largest shareholder, he will immediately announce the convening of the board of directors and use A large amount of hot money from Fuji Bank acquired other large enterprises of the Furong Consortium, and exchanged the shares of Fuji Bank held by itself for an equal amount of shares in foreign companies to achieve their own goals. Nor will I watch the fall of Fuji Bank.
At the end of the 1980s, a large number of Japanese companies purchased a large number of iconic companies in the United States. This time it seems to have lost their weight. Fuji Bank’s influence in Japan is just like that of Citibank in the United States. Once this acquisition is successful, it will Destroying the confidence of more Japanese investors will intensify the panic selling in the market, the stock market will be more depressed, and acquisitions will be easier. After the first round of trials, Buffett is waiting for the next move of the management of Fuji Bank , if you can borrow a large amount of funds to repurchase, you will have to re-establish your own acquisition plan, but the probability of this situation is less than 10%, because other companies in the Furong Consortium have been deeply damaged, and it is impossible to lend a large amount of money. If there is no response from Fuji Bank two days later, it will be his end, and it will also announce the end of the entire Hibiscus consortium and even the six major consortiums.
Fuji Bank headquarters, the board of directors convened by Yasuda.
"Gentlemen, our Fuji Bank has reached the last juncture. The investment department has found out that an American force wants to take advantage of the weakness of our Great Japanese Empire to buy our Fuji Bank, so I hope you can do your part to borrow Give the money to the group, so that we have enough funds to fight a takeover battle with the other party.” Yasuda, who had just experienced physical labor in bed, looked older than before, and he had long since lost the vigor and vigor of resisting the financial crisis on the board of directors. Yasuda drew a large amount of funds to respond to the government's call to rescue the market, but the market failed to save it. Instead, it took its own group into it, resulting in its current weakness. A board of directors was convened for a billion-dollar acquisition.
"Yasuda-kun, how much money can we provide internally? We have just experienced a financial crisis, and it is impossible to provide funds, so I think it is better to ask for help from within the consortium. Besides, we were not able to rely on our bank even in our heyday. Fight against the American investment group with your own power." The person who spoke was Kuiichi Abe, another major shareholder of Fuji Bank, who owns 15% of Fuji Bank's shares and is the second largest shareholder of Fuji Bank. I am even more afraid of Fuji Bank being acquired, because all his assets are here. After this person's accident, he basically can't think of anything except to ask the consortium for help.
"That's right, Yasuda-kun, even if those of us scrape together more than a billion dollars, it's still not enough for the huge Americans. It's better to ask the consortium to intervene." Everyone persuaded.
In fact, Yasuda wanted the consortium to intervene even more than they did. He had been in contact with the leader of the Furong consortium, Jing Shou Junyi since the accident, but that old guy Jing Shou didn't answer his calls at all, and only found a secretary to tell him that the consortium was still there. The remaining funds of less than 10 billion US dollars are used to deal with the most critical period of the major groups. I remembered that my own Fuji Bank was the most important company in the entire Furong consortium. I said on my shoulders that the consortium would take care of it in the future, but apart from my contribution to the consortium over the years, I didn't find that the consortium had made any contribution to me.
The meeting lasted for more than an hour and no results were discussed at all. The major shareholders also had the idea of making others worry. It is true that everyone has their own ideas. Yasuda estimated that some small shareholders might want to contact the one in the United States. The big boss is looking for a suitable price to sell his shares,
You must know that the ones who go early are popular, and those who go late are useless. It is impossible to rely on these people to stick to Fuji Bank, and Yasuda has to take the path he least wants to go. His son-in-law is the president of Citibank's bank in Japan, and he should be able to borrow billions of funds from him, and his family is also a big family in the United States, but Yasuda knows what kind of person his son-in-law is. I just wanted to stay at Fuji Bank, but I didn’t agree. This time, it’s time to let my son-in-law intervene. It’s better than outsiders. Thinking of this, Yasuda contacted his daughter and asked her daughter and son-in-law to go home for dinner, and the daughter agreed.
The atmosphere of the dinner was very good, there were six people in total, Yasuda's two wives, a son, a daughter and a son-in-law. In the past, my father-in-law didn't really want to invite me to eat at home. I don't know why he treated me so badly today. You are being polite. Although Peter is an American, his sister is married to a Chinese, and he also understands an old Chinese saying, "If things go wrong, there will be demons." It seems that today's meal is not so delicious. Afterwards, before he had even had a few sips of tea, the old father-in-law called himself into the study and talked about "business".
"Peter, how is your Citibank doing recently?" Yasuda seemed to ask unintentionally. He had never entered this father-in-law's study before, and he was really flattered today.
"It's okay. I seem to have heard from a friend that you, Father, are in some trouble?" Peter also seemed to ask unintentionally. If you don't tell me, I won't.
"Hehe, there are some business problems, but they are small things. Is your father okay?" It may be very difficult to tell his son-in-law that his company is failing, and Yasuda has no choice but to start talking nonsense.
"My father just bought a farm in Brazil, it's okay, but my sister is getting married next month, and he invited you to Chicago to attend the wedding." You can hold your breath and I am the same, Peter is determined He made up his mind to let this proud old father-in-law speak up, besides, he knew what was going on, the family had long wanted to break into Fuji Bank by themselves, so this time he had to ask him to speak up.
"Okay, I will definitely go to participate, but I have encountered some troubles recently. There are some financial problems, and I may be busy. If I don't have time, I have to ask your father to forgive me." I started to get down to business.
"Funding problem? Do you need my help? Our family still has some spare cash." Peter's family is also a small antique of Berkshire Hathaway, and it was very rewarding last time, but this time he didn't know This acquisition war was initiated by Buffett. If he knew, I am afraid that this dinner would not come.
"Hehe, I can still solve it myself, but recently our Fuji Bank has to sell some shares to raise funds. You also know the harm caused by the financial crisis. I don't know if your family is interested in Fuji Bank. Kyoko has 100% in her hands. Three shares, such a small share will not play much role in the board of directors. Today we discussed that we want to raise 5 billion US dollars, which will account for about 9% of the company. I think you should be interested." This old guy He is obviously asking for help, but he still puts on a condescending appearance. You must know that Peter really looks down on his father-in-law. After a rough estimate, he can make a profit at this price, but the family may not be able to pay that much. Besides, you are in a difficult time now, so if I am willing to help you, naturally the profit should be higher than usual.
"Nine percent seems a bit small. My father mentioned it to me. If five billion can get 10 percent, I think it's okay. But I can't make the decision. I have to go back and discuss it with my father. ” At once, Yasuda’s psychological price was hit, and he said he was going back to discuss, but in fact he was going back to raise money.
Yasuda thought about it and agreed. At this time, the loss is still for his son-in-law. When the second round of attack by the international speculators starts, it will not be a problem for him to lose a little bit. Peter didn't stay too long, after all, this time If the transaction is successful, I can also get billions of benefits in the future. My father has always been dissatisfied with marrying a Japanese wife. This time, he should take a fancy to himself. Don’t you know that at this moment, his father is attending Berkshire Hathaway with Buffett? As for the charity ball of the Al Hathaway Group, poor Yasuda pushed himself into the fire pit.