One hundred and seventy-eighth section urgently ill seek medical treatment
Chapter 178: Emergency treatment
Buffett's strategy is correct, because the Yasuda family, the largest shareholder on the board of directors, currently owns less than 20% of Fuji Bank's shares due to multiple stock splits. Even if it is purchased through normal channels, it only costs 8 billion US dollars.
Becoming the largest shareholder of Fuji Bank, the shareholding ratio 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 a board of directors and use
Fuji Bank used a large amount of hot money to acquire other large companies from the Furong Consortium, and exchanged the shares of Fuji Bank it held for equal shares of shares of other companies to achieve its own goals. If the people of the Furong Consortium had understood Buffett's purpose from the beginning, I'm afraid,
Nor will I watch the collapse of Fuji Bank.
In the late 1980s, a large number of Japanese companies purchased a large number of iconic companies in the United States. This time it seems that they have lost their influence. Fuji Bank's influence in Japan is like Citibank's in the United States. Once this acquisition is successful, it will
Destroying the confidence of more Japanese investors will intensify panic selling in the market, the stock market will be even more depressed, and acquisitions will be easier. After the first round of testing, Buffett is waiting for the next move of Fuji Bank management.
, if you can borrow a large amount of funds to repurchase, you will have to re-formulate your own acquisition plan, but the chance of this situation is less than 10%, because other companies in the Furong Consortium have been deeply affected 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 the end of him, and it will also be announced that the end of the entire Furong Consortium and even the six major consortiums has come.
Fuji Bank headquarters, the board of directors convened by Yasuda.
"Gentlemen, our Fuji Bank has reached the last moment. The Investment Department has found out that an American force wants to take advantage of the weakness of the Japanese Empire to acquire our Fuji Bank. So I hope that you can do your part to borrow money.
Give the money to the group so that we have enough funds to fight a takeover war with the other party." Yasuda, who had just experienced physical labor in bed, looked older than before, and the high-spiritedness he had when resisting the financial crisis was no longer on the board of directors. At that time,
Yasuda withdrew a large amount of funds to respond to the government's call to rescue the market. As a result, the market failed to save the company and instead involved his own group, resulting in the current weakness. A board meeting was held just for a billion-dollar acquisition.
"Yasuda-kun, how much funds 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, even in our heyday, we were not able to rely on our banks.
Use your own power to fight against American investment groups." The speaker was another major shareholder of Fuji Bank, Abe Yuiichi. He owns 15% of Fuji Bank's shares and is the second largest shareholder of Fuji Bank. He is better than Yasuda.
He is even more afraid that Fuji Bank will be acquired, because all his assets are here. After this person's accident, he basically can't think of anything other than asking the consortium for help.
"Yes, Yasuda-kun, even if we can scrape together more than a billion dollars, it's still not a drop in the bucket for the huge Americans. It would be better to ask a consortium to intervene." Everyone advised one after another.
In fact, Yasuda wanted the consortium to intervene more than they did. From the moment the incident happened, he began to contact Junichi Keju, the leader of the Furong consortium. However, the old guy Keju didn't answer his call at all. He only found a secretary to tell him that the consortium was still there.
There are less than 10 billion US dollars in funds left, which are used to cope with the most critical period of the major groups. I remember that my own Fuji Bank was the most important company in the entire Furong Consortium. When the Furong Consortium was formed, Keishu took a picture
I said that the consortium would shoulder my shoulders if something happened in the future, but in the past few years, apart from my contribution to the consortium, I have not found that the consortium has made any contribution to me.
The meeting lasted for more than an hour and no results were discussed at all. The major shareholders also wanted to let others worry. Everyone really has their own ideas. Yasuda estimates that some small shareholders may be thinking of contacting the person in the United States.
The big boss is looking for a suitable price to sell his shares. You must know that the early ones are the most popular, and the late ones are of no use. It is impossible to rely on these people to hold on to Fuji Bank. Yasuda also has to
He took the path he least wanted to take. His son-in-law is the president of Citibank in Japan. He should be able to borrow billions of funds from him. Moreover, his family is also a big one in the United States.
, but Yasuda knows very well what kind of person his son-in-law is. He has long wanted to move into Fuji Bank, but he has not agreed. This time it is urgent, and it is better to let his son-in-law intervene than an outsider. Thinking of this, Yasuda contacted his daughter.
, I asked my daughter and son-in-law to go home for dinner, and my daughter wholeheartedly 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 call me home for dinner. Today, I don't know why he was so polite to me.
You are so polite. Although Peter is an American, his sister married a Chinese, and he also understands the old Chinese saying "When things go wrong, there must be monsters." It seems that today's meal is not that delicious. Sure enough, dinner
After a few sips of tea, my father-in-law called him into the study and started talking about "business."
"Peter, how are you doing at Citibank these days?" Yasuda asked seemingly unintentionally. He had never entered his father-in-law's study before, and he was really flattered today.
"It's okay. I think I heard from my friends that father, you have encountered some troubles?" Peter also seemed to ask unintentionally. If you don't tell me, I won't tell either.
"Haha, there are some business problems, but they are just minor things. How is your father?" Maybe it was very difficult to tell his son-in-law that his company was in trouble, so Yasuda had 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. He also invited you to go to Chicago to attend the wedding." You can calm down and so can I. Peter is determined.
He tried hard to get the arrogant old father-in-law to speak, and besides, he knew what was going on. The family had long wanted to break into Fuji Bank on their own, so this time they had to ask him to speak.
"Okay, I will definitely participate, but I have encountered some troubles recently and have some financial problems. I may be busy. If I don't have time by then, I have to ask your father for forgiveness." Let's get to the point.
"Financial problem? Do you need my help? Our family still has some spare money." Peter's family is also a small antique of Berkshire Hathaway. It also gained a lot last time, but this time he didn't know
This acquisition war was initiated by Buffett. If he had known about it, I am afraid that this dinner would not have come.
"Haha, 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 wonder if your family is interested in Fuji Bank. Kyoko has 100% of the shares in Fuji Bank.
Three shares, such a small share will not play any role in the board of directors. Today we have discussed that we want to raise five billion US dollars, accounting for about 9% of the company. I think you will be interested." This old guy.
He was obviously asking for help but he still acted condescending. You must know that Peter looked down on his father-in-law. After a rough estimate, he could make a profit at this price, but the family might not be able to afford that much.
Besides, you are in a difficult time now, so if I am willing to help you, the profit will naturally be higher than usual.
"Nine percent seems a bit low. My father mentioned to me that if I can get 10 percent of the five billion, I think it would be fine. But I can't make the decision. I have to go back and discuss it with my father.
.” I found Yasuda’s psychological price at once, and I said I was going back to discuss it, but in fact I was going back to raise funds.
Yasuda thought for a while and agreed. The loss at this time was for his son-in-law. When the second round of attacks by international speculators began, it would not be a problem for him to lose a little bit. Peter did not stay too long. After all, this time
If the transaction is successful, he can also get billions of benefits in the future. His father has always been dissatisfied with him marrying a Japanese wife. He should be more optimistic about himself this time. Don't you know that at this moment, his father is attending Berkshire Hathaway with Buffett?
At Hathaway Group's charity ball, poor Yasuda pushed himself into a pit of fire.