Things have developed so far that the Wheelock acquisition has ended!
But there are still many things that need to be concluded, and it is not over yet.
For example, the people in Xiangjiang now want to know where the shares held by Hehe International come from, and how they bypassed the Madden family and obtained more shares in Wheelock.
And where did they get so much money?
For example, everyone also wants to know how John Madden will deal with such a situation. Will they continue to hold shares of Wheelock and be willing to change from the helm of Wheelock to become a shareholder and director of Wheelock?
Will we continue to pursue the sale of Wheelock shares?
Cheung Kong has announced that it will cease trading with Wheelock.
In other words, Wheelock's stock is now in the hands of John Madden.
"Qi Dezun, you and I have been friends for many years. Changshi's bid for these stocks is 4.8 billion Hong Kong dollars, and I will only sell your 4.5 billion Hong Kong dollars. How about that?"
John Madden, who was very proud before, went directly to the headquarters of Hehe International today, found Qi Dezun, and asked for Qi Dezun's help.
Facing the current John Madden, Qi Dezun has an absolute psychological advantage.
"My friend, I have told you before that 1.8 billion Hong Kong dollars is the last price we can give at Hehe International. If it exceeds this price, I think you should stop talking, so as not to hurt the relationship between you and me.
Be kind!"
John Madden's heart felt like a volcano erupting, and he said coldly, "If this is the case, then I can only continue to look forward. At worst, I will continue to hold Wheelock's stocks. By then, every dollar Wheelock will earn will be lost."
Not even a penny can be spared from us!”
Qi Dezun nodded and said, "This is natural. John, if you hold Wheelock's stocks, you will naturally enjoy Wheelock's dividends. But since we are friends, I think I can tell you some things in advance."
First of all, when Hehe International officially takes over Wheelock, we will cancel the unequal voting rights of Wheelock’s B-shares.”
John Madden's expression suddenly changed and he said directly, "This is impossible, the board of directors will not agree to your proposal!"
The difference in voting for B-shares is John Madden’s final trump card. He must not lose this right, otherwise he will have even less say in the board of directors.
Qi Dezun smiled confidently and said, "Hehe International is now Wheelock's largest shareholder, and the voting rate exceeds 51, so even if the board of directors does not pass it, this proposal will definitely pass."
John Madden was stunned on the spot. At this time, he had no ability to fight back.
Upon seeing this, Qi Dezun continued, "Secondly, we at Hehe International believe that Wheelock's current debt is very unhealthy, so we decided to inject a large amount of capital into Wheelock to alleviate Wheelock's debt problem. My friend, if
If you, the Madden family, want to continue to hold the same proportion of Wheelock shares, you will have to prepare funds when the time comes."
"You are trying to kill everyone!" John Madden said angrily.
John Madden was not optimistic about the future development of Hong Kong, otherwise he would not have sold Wheelock's shares. Now not only can't he sell Wheelock's shares, but he also has to invest money in it. John Madden is
No matter what, I won't do it.
But as long as I don't agree, then the number of my shares in Wheelock will be slowly diluted under the control of Hehe International. By then, let alone 1.8 billion Hong Kong dollars, I am afraid that even 100 million Hong Kong dollars will be gone.
Thinking of this possibility, John Madden's expression softened, and he said softly, "My friend, you can't do this, have you forgotten? We are good friends, very good friends, I hope you see
Regarding the relationship between Wheelock and Hopewell International, don’t do this!”
Qi Dezun said calmly, "My friend, it is precisely because I still care about the friendship between you and me that I will give you a purchase price of 1.8 billion Hong Kong dollars. Now, in addition to Hehe International, I can also give you this price.
Do you think anyone would give you that price?"
"What if, what if our Madden family just wants to quietly be a shareholder of Wheelock?"
John Madden's helpless sermon.
Qi Dezun shook his head and said, "John, don't say this anymore. You won't believe it, and I won't believe it either. More importantly, our future arrangement for Wheelock at Hehe International is that there can only be one person here."
Voice, that is our voice at Hehe International!”
John Madden's expression changed with shock, "Are you going to delist Defeng and privatize it?"
Qi Dezun did not deny, "There will be such a possibility in the future!"
"This is impossible!" John Madden said immediately. "If you want to delist Wheelock and privatize it, you will need a large amount of stocks, a large amount of cash, and the stocks of various companies under Wheelock."
When he was speaking at the end, John Madden suddenly stopped talking, because he found that the problems he was talking about now seemed to be no problem for Qi Dezun.
Hehe International's equity in Wheelock exceeds 60%. If you add its own, it will be more than 80%. It will not be difficult to delist and privatize the company by then.
In addition, Hehe International not only bought shares of Wheelock from Zhang Yuliang, but also stocks of companies such as Real Estate Trust from Zhang Yuliang.
They are already the major shareholders of those three real estate companies, and it is very possible that they want to delist and privatize them.
The last thing is cash. If you can take out so much cash quietly, who knows how much cash Hehe International still has hidden?
After thinking about all this, John Madden began to look sad.
Qi Dezun sat there leisurely, feeling really good about being in control of everything. It will definitely feel even better when he enjoys the flowers and applause after this incident is over.
Under his leadership, Hehe International has overcome its survival crisis, and now it has merged with Wheelock, officially becoming a super consortium in Hong Kong that can stand side by side with Jardine Matheson, HSBC, and Jiaku!
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Your name will be engraved in the business history of Hong Kong forever, and you will still be a successful person.
"I want cash!"
John Madden no longer has any room for bargaining. In this case, the voice of Hehe International, Wheelock and shareholders will be infinitely reduced.
They have completely lost the rights they should have!
When faced with John Madden's answer, Qi Dezun did not have any surprises. He smiled and said, "No problem!"
Since then, the Wheelock acquisition has been considered a complete end.
After completing the equity transaction with John Madden, Qi Dezun immediately held a press conference and officially announced that Hehe International held shares in Wheelock and became Wheelock's largest shareholder.
Since Hehe International's holdings of Wheelock's shares have exceeded the maximum shareholder holdings stipulated by the Securities Regulatory Commission, Hehe International has decided to initiate the delisting and privatization process of Wheelock and fully acquire all Wheelock's shares on the market.
Hehe International has entrusted this matter to Fengwu Securities. Anyone who holds Wheelock stocks can go to the Chinese Bank in Central to trade at Fengwu Securities!
As soon as the news came out, it caused an uproar in Hong Kong. Everyone could accept the acquisition of Wheelock by Hehe International, but no one could have imagined that Hehe International would delist Wheelock and privatize it!
As for Real Estate Trust, Commonwealth Real Estate, and Hariman Development, the stocks are held by Wheelock and Hopewell International respectively, so they have not touched the regulations stipulated by the Securities Regulatory Commission that a major shareholder must propose a comprehensive acquisition if the shareholding exceeds 50%.
Therefore, only Wheelock will be delisted and privatized this time, but it does not include the listed companies controlled by Wheelock.
But no matter what, the delisting and privatization of Defeng still shocked the whole of Hong Kong.
This brings up an important question: Where did Hehe International get so much money?
Bank loan, consortium loan, or foreign investment?
Without Qi Dezun's explanation, no one knew what happened.
Qi Dezun then sent an invitation to colleagues in the business community, and Hehe International was going to hold a cocktail party to celebrate this victory!
The Wheelock acquisition in Hong Kong has come to an end, and the Disney acquisition in North America has begun to ferment.
This incident first spread in Los Angeles and was first disclosed by the Los Angeles Times.
‘The snake swallows the whale, and I’m shocked to hear that Hollywood’s upstart Vertex Pictures has officially made an acquisition bid for Disney, one of the eight major Hollywood studios!’--"Los Angeles Times"
When this news came out, it caused a sensation in Los Angeles, including the acquisition of Hong Kong-based Wheelock!
Even more sensational than the Wheelock acquisition.
After all, the consortiums that originally acquired Wheelock were no less powerful than Wheelock, or even stronger than Wheelock.
But now Apex Pictures’ hard power is obviously not as good as Disney’s.
What else does Apex Pictures have besides "Jaws"? Those two movies that didn't cost much money?
By the way, besides a movie released at the end of this year written by and starring no famous actor, what else is there?
Disney is different. It is one of the eight major studios in Hollywood, along with Universal, Warner, 20th Century Fox, Paramount, MGM, Columbia, and United Artists.
He has countless classic animated characters under his name, as well as his own studio, Disneyland, etc.
Now Apex Pictures actually wants to acquire Disney. What is this other than a snake swallowing a whale?
So when everyone saw this report, their first reaction was that it was fake news. But as other newspapers began to publish this news, they also introduced that kkr, who was already well-known on Wall Street, would assist Apex.
After the news that the film industry completed this acquisition.
No one doubts the authenticity of this news anymore!
But this is even more surprising!
Where does Apex Pictures get its confidence?
For a time, everyone who was familiar with or not came to Apex Pictures, wanting to ask Kelly about the progress of this matter.
Because everyone understands that if Apex Pictures really succeeds in acquiring Disney, the structure of Hollywood will change.
In the face of these people's inquiries, Kelly always kept a smile on her face and told them that Apex Pictures is indeed looking for the possibility of acquiring Disney, but everything is still in the plan. The specific results will have to wait until the end.
can know.
"Is Kelly crazy? She actually wants to acquire our Disney, why should he?"
At the Disney headquarters, Ronald Miller fell into madness. Although he was not optimistic about Disney's development in animation and movies, it did not mean that he wanted to give up on Disney. This was an asset left by his father-in-law, not to mention that he did not know how to do it.
Even if I agree, my wife won’t agree!
Wayne Durant, who was sitting opposite Ronald Miller, had a bad feeling in his heart at this time. Now Disney was preparing to discuss the end of cooperation with Alder Commercial Bank, but something like this happened, which directly disrupted
Disney's plan.
Who would have the energy to study the matter of terminating the cooperation with Alder Commercial Bank now? The company might change its boss tomorrow!
These four names suddenly appeared in Wayne Durant's mind, and his heart suddenly sank.
"Bo, this thing is a bit strange. Just as we were about to announce the termination of our cooperation with Alder Commercial Bank, Kelly, a company that has good relations with Chu Huan, announced that it would acquire Disney. Is there anything going on between the two?
What is the problem?
And as the newspaper said, Apex Pictures is just a newly established film company. In addition to the popular "Jaws", it currently only invests in the production of "Rocky" and "Star Wars".
How could they have so much cash to acquire Disney when Disney’s movies are not well received?”
Facing Wayne Durant's inquiry, Ronald Miller calmed down and said, "You mean, the other party doesn't really want to acquire Disney at all, but wants to make such an illusion and make us mess ourselves up."
We will stop discussing with Alder Commercial Bank about terminating the cooperation?"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Wayne Durant nodded and said, "I can't think of any other possibility except this possibility, unless Chu Huan's Alder Commercial Bank lends money to Apex Pictures.
But with such a huge amount of cash, if Alde Commercial Bank really lends money to Apex Pictures, it will be self-destruction. Now more people in the United States are paying attention to Alde Commercial Bank!"
"But what did KKR's Jerry Kohlberg say? I received news that the other party has indeed come to Los Angeles and has been in contact with Disney's shareholders!"
Ronald Miller asked in a deep voice.
"Bo, don't forget that when Chu Huan acquired Ford Motor Company, it was KKR that was helping him, and now it is KKR that is handling the specific operations of the acquisition of Alde Commercial Bank. It can be seen that the relationship between Chu Huan and KKR is extraordinary. In this matter, let
Jerry Kohlberg should have no problem showing up in Los Angeles!"
Wayne Durant has his own explanation.
But his explanation was accepted by Ronald Miller, "Yes, the possibility of this is very high."
After pondering for a moment, Ronald Miller said, "It seems that if you want to solve this matter, you need to have a good talk with Chu Huan!"
That's not what I meant!
Hearing what Ronald Miller said, Wayne Durant immediately screamed in his heart. He analyzed this matter entirely to arouse Ronald Miller's hatred for Chu Huan. Only in this way, Ronald
DeMille was able to more firmly refuse cooperation with Alder Commercial Bank.
Why is Ronald Miller now going to have a good talk with Chu Huan?
This is what Wayne Durant doesn't understand. He has never really controlled a company, so he doesn't understand the mentality of a manager.
The mentality of managers is to maximize their rights in the company and the future development of the company.
rather than anything else.
Just because Ronald Miller doesn't like good movies and animations doesn't mean that he is an unqualified manager. He just thinks that his ideas have more development potential.
"Bo, if you go to Chu Huan at this time, the other party will definitely ask you to give up your refusal to cooperate with Alde Commercial Bank, and then you will be blackmailed by him!"
Ronald Miller didn't take Wayne Durant's reminder to heart. The most important thing now is to solve this problem, not anything else.
"I have already made a decision on this matter, you can go out first!"
Wayne Durant was stunned. He didn't expect that he would have no chance to connect and participate.
"Still not going out?"
Ronald Miller preached dissatisfied when he saw Wayne Durant's inaction.
"Yes!" Wayne Durant stood up and prepared to leave.
Thinking that he might still need Wayne Durant in the future, Ronald Miller said one more thing when Wayne Durant was about to leave.
"Wayne, the company will still need to rely on you more in the future!"
Wayne Durant nodded slightly and said "Yes!"
After Wayne Durant left, Ronald Miller called the office of the president of Alder Commercial Bank.
"So, Ronald Miller has already guessed why we want to acquire Disney."
In the evening, at Neverland, Kelly learned from Chu Huan that Ronald Miller called Chu Huan this afternoon.
"He didn't guess all of them correctly. He thought that Apex Pictures was doing the same thing, just to get them to give up on terminating the contract with Alder Commercial Bank. He didn't guess that Apex Pictures really wanted to acquire Disney!"
Chu Huan sat on the sofa in the study room, playing with Kelly's blond hair and preaching softly.
"This is an opportunity for us!" Kelly immediately caught the problem.
Chu Huan nodded and said, "That's why I made an appointment with Ronald Miller to meet tomorrow, not today."
After finishing speaking, Chu Huan asked Kelly, "By the way, what's going on with Edward Disney? Has he agreed to sell his shares in Disney?"
Kelly knocked off Chu Huan's funny hand, and then said, "He is still struggling, but I think as the news of our official acquisition spreads, his inner defenses will definitely loosen even more."
Chu Huan lay back on the sofa and said with a smile, "The acquisition environment in North America is better. As long as the price is right, there is no company that cannot be bought!"
Disney has a market capitalization of US$12.4 billion, and now a premium acquisition is certain. Jerry Kohlberg of KKR has received news that he has convinced some Disney shareholders that they have agreed to sell their shares in Disney.
Average premium 20.
If calculated based on this price, the final purchase price of Disney will be 100 million, which is US$12 million less than Chu Huan's estimate of 1.5 billion.
But if you add kkr’s commission, it’s almost the same.
Kelly leaned over Chu Huan and whispered, "It would be very difficult to buy from the founders, but they don't have the deep-rooted concept of Easterners. In North America, business is business, as long as
If the price is right, it can be sold.
Not counting the price difference they earned in the stock market, the current premium of 20% on Disney’s stock price has exceeded most investment return ratios, so they are naturally willing to sell.”
Chu Huan nodded slightly and said with a smile, "That's why I said, it is more suitable to do acquisition business in North America, as long as you have money!"
Kelly smiled sweetly and said, "This problem is the most unsolvable problem!"
When Chu Huan heard what Kelly said, he suddenly thought of the saying from later generations: Chicken Soup for the Soul: As long as things can be solved with money, they are no big deal!
But in fact, the most difficult problem in the world is how to make money!
"By the way, should I increase the purchase price when discussing with Edward Disney tomorrow?"
Chu Huan thought for a moment and said, "Okay, you can decide the number yourself, as long as it's not too excessive!"
Kelly nodded slightly and smiled, "No problem!"
This chapter is not over, please click on the next page to continue reading! The next day!
Kelly's fourth appointment with Edward Disney During this period of time, Kelly had already met with Edward Disney three times.
It was the first time that Chu Huan met the current head of Disney, Ronald Miller.
Even though Ronald Miller wanted to beg Chu Huan this time, Chu Huan still saw disdain in his eyes.
Only then did Chu Huan remember what Kelly told him at the beginning: Ronald Miller was an extreme racist!
"Mr. Chu Huan used a good trick to get Apex Pictures to launch an acquisition of Disney, so that Disney could stop dissolving its cooperation with Alder Commercial Bank. I admit, Mr. Chu Huan, you did it!"
Ronald Miller's very straightforward description also reflects his inner activities. Even if Chu Huan has the upper hand at this time, he still has the upper hand psychologically.
I came to negotiate with you Chu Huan today because of the intervention of Apex Pictures, not because of you Chu Huan!
Chu Huan felt the pride of Ronald Miller and said calmly, "No, you are wrong. It was Miss Kelly's decision to acquire Disney by Apex Pictures and it has nothing to do with me. As for Disney's desire to acquire Disney from Al
When Commerzbank terminates its cooperation, that is Disney's freedom and I have no right to interfere, so the two matters cannot be confused."
"Mr. Chu Huan, stop making excuses. Everyone knows what is going on with Apex Pictures. How could they have the capital to acquire Disney? It was only Mr. Chu Huan who helped and agreed to support with funds from Alder Commercial Bank that allowed Apex Pictures to
The film industry has the courage to do this."
Ronald Miller proudly said, "In addition, I think KKR was also contacted by Mr. Chu Huan through you, right?"
Although it is a question, it is extremely certain!
Chu Huan chuckled lightly and did not answer Ronald Miller's question. Instead, he stood up directly and said, "Contacting or not contacting kkr is my personal behavior and has nothing to do with you. Ronald Miller, you should
You don’t think I’m your Disney employee, do you?
You are bossing me around here. Where does your confidence come from? Believe it or not, I can now join in Apex Pictures’ acquisition of Disney. What is this? I just don’t know what it means!”
Originally, she was thinking of mediating with Ronald Miller here for a while, but now that she saw Ronald Miller's behavior, Chu Huan suddenly no longer had such a mood.
A man who relies on a woman to get up and scream at himself here simply doesn't know what to say!
Seeing Chu Huan mocking him like this, the anger in Ronald Miller's heart suddenly burned and he stood up.
"Chu Huan, this is North America, Los Angeles, not Xiangjiang!"
Chu Huan, who was about to leave, looked back at Ronald Miller and said calmly, "This is North America, it's Los Angeles, yes, but it doesn't belong to you. This is a world where money is supreme, and I,
The banknotes in my hand can kill you!"
After saying that, Chu Huan left straight away, no longer caring about the furious Ronald Miller behind him!
Wayne Durant was waiting for the return of Ronald Miller at Disney headquarters, but when he saw the angry Ronald Miller, he still had some doubts in his heart.
Didn't you go to negotiate with Chu Huan?
How could it be like this?
"Bo, what happened?"
"Extremely arrogant, simply extremely arrogant!" Ronald Miller was sitting in his seat, breathing heavily and preaching angrily. At this time, he looked like an angry bull.
After he calmed down his emotions a little, he told Wayne Durant about today's negotiation process with Chu Huan, and then concluded.
"This Chu Huan is so ignorant. I have given him enough face, but he is still so ignorant. He is simply uncivilized!"
Wayne Durant's heart was filled with excitement. Well, the negotiations broke down. If the negotiations broke down, it would be completely impossible for Disney and Alder Commercial Bank to continue to cooperate.
Thinking of this, Wayne Durant immediately said, "Bo, I think we should immediately tell the North American media our judgment. As long as they report Alde Commercial Bank's support of Apex Pictures, Alde Commercial Bank will
It’s over!
By then, Apex Pictures will naturally not have the strength to acquire Disney!”
Ronald Miller nodded and said, "Yes, I remember that the Wall Street Journal has always disliked Chu Huan. You should contact the Wall Street Journal immediately and tell them the results of our analysis!"
"OK!"
Wayne Durant turns to leave Ronald Miller's office.
At this moment, Ronald Miller's secretary suddenly hurried into Ronald Miller's office.
"Bo, something happened!"
"What kind of panic is this?" Ronald Miller said dissatisfied.
At this time, the secretary could no longer care about Ronald Miller's reprimand and hurriedly said, "Just now, Mr. Edward Disney announced through the TV station that he has sold all his shares in Disney to Apex Pictures. Since then,
It has nothing to do with Disney anymore, and several of the major shareholders also issued statements at the same time.
Now, Apex Pictures is Disney’s largest shareholder!”