At its peak in 2007, the bank's market capitalization exceeded £60 billion. At this time, if it were not suspended, it would definitely fall below 10 billion pounds, and more than 80% of the market value would evaporate.
However, compared to the unlucky Lehman Brothers Bank, which lost 99% of its market value and then went bankrupt, this bank has a good fortune. At least the British government took action to prevent it from going bankrupt.
But it is very difficult to sell it. Banks such as Barclays are willing to pay 10 billion pounds, but they have to bear the debt. Who the hell would sell it without debt? This is clearly taking advantage of the situation!
And now they have met a new buyer, a powerful buyer, which gives the bank's shareholders hope that they might be able to get out of the situation.
In fact, they regretted it. When the bank stock price was high, none of them were willing to sell it. They all felt that the stock price could be higher and they could earn more. But now, it has already lost money. If no one takes over, I'm afraid they will all lose money.
Fortunately among the misfortunes, someone is planning to take over now. They have other thoughts at this time, that is, can they sell it for more money so that they can lose less
People are like this. At that time, they thought as long as they could sell it, they didn't care about the price at all. No matter how much they sell or how little they sell, they can always get a share of the money. If they can't sell it, I'm afraid the bank will eventually go bankrupt and they won't get a cent.
But when someone really wants to buy it, who among them doesn’t want to sell more? Each of them was once a wealthy and prosperous person, but now the gap is so big, who can feel better
"Potter, are you kidding? Eight billion pounds. How is this price possible? Based on the stock market value, it should be at least 14 billion pounds. I think the quote of 15 billion pounds is more reasonable. ." said a shareholder.
Isn't it normal for a company to sell at a premium? Only at a premium can we make money. But he ignored it. Only companies that make money can command a premium. Why should a company that loses money command a premium
"Yes, even if 15 billion pounds cannot be sold, at least it must be calculated based on market value. I can accept 14 billion pounds." Another pot-bellied shareholder said.
Representatives of several major shareholders were talking all over the place, all accusing Porter of unfavorable negotiations. Eight billion pounds, the price is too low. How much can they divide according to shares
They each have companies, and they also need funds at this time. If they can get more funds, their companies can get out of trouble as soon as possible.
Porter looked at the ugly faces of the shareholders and felt very bitter in his mouth. How long has it been and you are still thinking about good things? Yes, the person you want to acquire is the world's richest man, but the world's richest man must be a smarter businessman than you.
Feng Yudu made it very clear that he acquired this bank just to make money. If there is no money to make, why should others buy it? None of you can see the situation clearly at this point, but you have found a buyer.
If our banks no longer have capital injections, they will have no choice but to seek help from the government. Will you still be willing to take charge of it as the government? By then, won’t your shares be diluted or devalued? Maybe it will fail and eventually go bankrupt.
Isn’t it nice to be able to get away with the money now
Porter waited until these shareholders stopped talking, and then he slowly said: "Since you all think that I am unqualified, then fine, just remove me. Whoever of you has the ability will take this seat. One hundred and forty Billion pounds, who of you can find such a buyer?”
These shareholders remained silent. According to the contract, compensation will be paid to remove Porter, and the amount is not low.
Besides, who of them dares to sit in this seat now? It is clearly a trap, and whoever sits in it will fall into it. And it's not like they haven't found a buyer, but there are not many buyers who can come up with so much cash at this time, not to mention that the buyer needs to prepare nearly 10 billion pounds in cash to save the bank.
They, the shareholders, also know the current situation of the bank. If it were not for those liabilities, let alone 15 billion pounds, they would not sell even 20 billion pounds. But these liabilities, as well as the bank's shortage of cash, left them completely helpless.
In fact, the largest shareholder of this bank at this time is simply the British government. If it were not for the help of the British government, their bank would have gone bankrupt and would not be able to guarantee its current market value.
They have all seen the tragic situation of banks in the United States. Big banks with assets of hundreds of billions of dollars have all gone bankrupt. It’s not that the U.S. government doesn’t want to take care of it, it’s that it can’t.
If they continue with this attitude, then the failure of Lehman Brothers Bank will be a lesson to them.
"Mr. Feng said that he would accept all the debts and assets of the bank at 8 billion pounds, including the bank's employees. If these are on our heads, can we survive for half a year? If you can find anyone, Even if it comes to 6 billion pounds, I am sure that the bank can survive the difficulties, at least it will not go bankrupt."
"My advice to you at this time is to sell it now while there is still value to sell it. With the money, you can invest in other industries to earn back. If you continue like this, I'm afraid you won't be able to get a penny in the end. We have missed this good opportunity to escape. Please think about how to decide, Mr. Feng only gave us three days!"
The bank's political representative also reported to them. When the Finance Minister learned that Feng Yu was going to acquire this bank, he was extremely happy.
Eight billion pounds, although it seems a little less, can allow the government to get back some money and reduce losses. Otherwise, how much money would they have to invest in order to prevent this bank from going bankrupt, especially when they are also seriously short of funds at this time.
In this way, they can solve the bank's troubles and still have enough energy to help other companies tide over the difficulties, killing two birds with one stone.
Feng Yu was browsing the news in the room at this time. The economic situation in the UK was only slightly better than that in the United States, especially London, which was also the hardest hit area.
Feng Yu believes that those shareholders will eventually compromise. Although he kept the price low, who made it impossible for others to come up with so much money at this time
This bank had nothing to do with Feng Yu, so Feng Yu had no obligation to think about it for them. Maximizing your own interests is the right choice.
One day later, Feng Yu received a call from Porter. They agreed and were just waiting for approval from their superiors.
After hanging up the phone, Feng Yu smiled, this review and approval would never be blocked. If the acquisition is really not allowed, the British will still lose.
The buyer at this time is God in their eyes!
If this bank is taken over, Feng Yu will immediately send someone to take over, carefully sort out the bank's business, and make adjustments to the personnel. After Feng Yu injects capital, he will be able to revitalize the bank and consolidate it. Become a member of Minsheng Bank!
His bank territory has more than doubled!
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