The first thousand one hundred and sixty-eight chapters shake the United States
Chapter 1,168 Shocking America
…
Just when Guo Kai was thinking about it, news media all over the United States were bombarded by the change in Unocal's equity! Almost all the media with news gathering centers in Dallas were thankful and dispatched dispatches as soon as they received the news.
camera crews and reporters.
And those media outlets that have not set up a news center in Dallas are also scolding and trying their best to get here.
In an instant, it seemed as if the entire United States was abuzz with the news of Unocal's change of ownership. Of course, after making phone calls in person, sending text messages, or whatever they thought was faster and more accurate, they received confirmation from Unocal and even the Securities Regulatory Commission that Unocal had changed hands.
After the news became true and effective, this storm in the economic and energy circles is still rapidly spreading around the world.
"Damn, why has the news of Unocal's acquisition only come out now? Has the entire American press forgotten about work because of this damn Christmas?" A man carrying a heavy camera almost vomited blood, but finally dared to do so.
The bearded white man who arrived before the press conference couldn't help but complain.
"Okay, John! We're not all the same! Who would have thought that Pacific Petroleum Industries from Hong Kong could really annex Unocal? And so quickly?"
The black guy who had set up a camera next to him was obviously familiar with the bearded white man, so there was a hint of ridicule in his words. Of course, more of it was still unbelievable.
The views of the two of them are probably also the common doubts of the nearly two hundred media people in the conference room at this moment.
Even many senior economic reporters are more confused than the two of them carrying cameras.
"Why is it that a huge deal like the acquisition of Unocal, involving tens of billions of dollars, and the acquirer is from China and from the East, has not been challenged by the Federal Trade Commission and other departments of the U.S. government? Even domestic acquisitions have to be challenged.
The congressmen who came out to find fault were extremely honest this time, which is really abnormal!"
Almost all senior journalists have this thought in their minds.
As the two hours gradually passed, former Unocal Director and President Moros and CEO Kelsas attended the press conference, as well as the high-spirited Pacific Petroleum Industries CEO Guo Kai, Pacific Petroleum Industries
Company spokesperson Bent Lillo also appeared at the press conference.
When they were sitting on the podium, the flashes of the cameras around them were already flashing like snowflakes in the cold winter months. The continuous appearance seemed to dazzle people's eyes.
Bentelillo, a second-generation Chinese, was originally the spokesperson of Unocal. After Unocal was fully acquired by Pacific Petroleum Industries, he was one of the few remaining senior managers of Unocal.
one.
"Welcome to the press conference of Pacific Petroleum Industries Corporation!... Now, I would like to solemnly introduce to you the three company representatives around me who participated in this press conference. They are Mr. Moros Jordan, the former director and president of Unocal Corporation.
, Mr. Kelsass, former CEO of Unocal Corporation, and Mr. Kai Chen, CEO of Pacific Petroleum Industries, welcome everyone!”
But as soon as the applause started, it fell quickly.
Rather than the identities of these people, as journalists, they wanted to explore the inside information behind this incredible acquisition.
"Mr. Chen, what made you decide to acquire Unocal?"
"Mr. Jordan, what was the final merger price of Unocal?"
"I would like to ask Mr. Sasse, what was the reason that prompted Unocal to make the decision to trade the company?...
Too many questions popped up all at once.
Almost in an instant, the press conference hall, which originally looked somewhat orderly, turned into an ordinary community vegetable market.
"Quiet. Everyone, please be quiet, maintain order, and ask questions one by one!"
Under Bentrillo's loud appeal, the originally chaotic conference hall finally returned to calm. However, looking at the anxious looks on the faces of the reporters below, it was obvious that if they could not solve their inner doubts this time, the chaos just now would
will reappear.
"Because this interview is only 30 minutes and time is limited, we will randomly select 8 reporters from among you to answer your questions."
After finishing his words, Bentrillo quickly searched the reporters in the audience. He pointed his finger and said, "The gentleman wearing a black suit next to me!"
The first lucky person who was called by Bentley Chen could not wait to stand up with the microphone, "I am a reporter from the "Dallas Metropolis News". I would like to ask Mr. Kai Chen, this time the Pacific Oil Company
What is the specific transaction amount for the merger and acquisition of Unocal? Is it a debt acquisition or an all-cash transaction?"
Originally, he wanted to do an equity swap, but considering the market values of both parties, it was simply impossible to use equity swap to acquire Unocal, whose market value was more than 20 times higher than that of Pacific Ocean.
Chen Kai held up the microphone and said calmly: "As for the specific funds for this transaction, it is the company's commercial secret and I cannot answer. But what I can tell you is that this acquisition of Unocal is not a debt acquisition, but a genuine acquisition.
’s wholly-owned acquisition!”
"Okay, now the lady on the left wearing the red top, you can ask questions!" Bentelillo said quickly.
"I am Alice, a reporter from the New York Times. May I ask Mr. Moros, what prompted you to sell Unocal?"
"The reason for selling Unocal is simple, because Unocal's 9,719 employees need to work and support their families! And because of our work mistakes, Unocal invested so much in oil exploration and extraction that the company was unsustainable and had to announce
It went bankrupt, and we did not receive financial support from the government after the collapse. In order to avoid the eventual disintegration of an oil company with a history of hundreds of years, our board of directors made the decision to sell it to Pacific Petroleum Industries!" Moros Jordan said slowly.
From his expression, you can vaguely see a hint of unwillingness!
Of course, this guy's unwillingness was not because of the collapse of Unocal, but because he did not get satisfactory profits from the Unocal acquisition.
At the beginning, in order to escape from the quagmire of Unocal as soon as possible, when the investment department of JPMorgan Chase came to the door and wanted to acquire it, he sold all 10% of his shares in Unocal at the market price.
If he had known that it was not JPMorgan Chase that acquired Unocal this time, but Pacific Petroleum Industries from Oriental Hong Kong, then he would not have sold the same shares for only US$1.3 billion, but at least US$1.6 billion, or even more.
high.
However, it is too late to say this now. No matter how unwilling he is, he will not dare to complain to JPMorgan Chase when the Unocal transaction is a foregone conclusion.
"The lady in the white jacket on the right back!"
The third young woman who got the right to interview stood up and asked the question she had prepared for a long time, "I am Evelyn, a reporter from the Washington Post. I would like to ask Mr. Chen about the merger and acquisition of Unocal."
After that, what kind of development strategy is Pacific Petroleum Industries preparing to adopt?”
"As you all know, the collapse of Unocal was largely due to excessive investment in oil exploration and insufficient returns, resulting in a sharp decline in profits. Therefore, after the completion of this merger, we will spend one year on Unocal.
The company's business is being integrated! During the integration period, we will suspend oil exploration and development work. However, we will not cause large-scale layoffs as a result."
"Pacific Petroleum Industries' headquarters is in Hong Kong. Does that mean that after the merger with Unocal, the company's development direction will also tilt toward the east?"
"I can't answer this right now, because the company's development strategy is formulated based on the international economic situation. If the economic development speed in the East is higher than that in the West and there are better opportunities, we certainly will not rule out developing to the East. However,
The U.S. market is the most important market for Unocal and Pacific Petroleum Industries in the future. We will not leave the United States just because the company is headquartered in Hong Kong!"
"After the merger between Pacific Industries and Unocal is completed, will it be listed? Will it be listed in Hong Kong or in the United States?"
"The listing of a company is decided by the company's board of directors. I can't answer you yet."...
After taking one last look at Guo Kai, who was chatting with many reporters, Eric turned off the TV with a snap.
"Did Liu Dong call you?"
"In addition to thanking us for helping him acquire Unocal, this guy also urged us to quickly implement the terms of the contract and help him acquire South Korea's Daewoo Group."
After nodding, Eric said calmly: "Then let Parker find him. If the contract is completed early, we can also get the map early!"
"I understand, father! But...!"
"But what?"
"Father, I have memorized half of the map. Even for the sake of the credibility of the Rockefeller family, it was enough for us to help him with the Unocal acquisition. Why should we help him with the Korean matter?" Steven Rockefeller
Questioned.
Hearing this, Eric Rockefeller did not answer his son's question immediately. Instead, he stood up from the sofa in the living room, walked to the window, and looked at the huge and exquisite Rockefeller Manor in the wind and snow, and what looked like giants in the distance.
Looking like the Appalachian Mountains lying between heaven and earth, a trace of thought appeared on his face.
Although he didn't know what his father was thinking, Steven, who silently walked behind his father, was not in a hurry to speak. (To be continued.)