Kirilenko then rushed to London, signed the acquisition agreement with Skinner, chairman of Lituo Group, and held a press conference. ranw?enｗ?ｗ?ｗ?．
At the same time, it was announced that the shares of Lituo Group may be temporarily delisted. After the company's business integration, it will consider whether to re-list.
In fact, Kirilenko doesn't want to go public in Australia. The financial market there is too weak, incomparable to New York and London, or even to emerging markets like China and Russia.
Listing a company's shares in two places can reduce stock market risks and expand the company's influence, but there is absolutely no need to list in three places, especially in Australia, a less developed market.
Besides, the current market value of the stock is lower than its true value. At this time, it is time to delist and buy back the stock. After the business integration is completed, the company's profits will inevitably increase to a certain extent.
In the future, if the company's funds or their funds encounter difficulties, it will be good to sell some stocks. It does not necessarily have to go public to raise funds, and they have no real intention to cash out a large amount to make a profit.
After Polar Bear Mining Group signed an acquisition agreement with Lituo Group, it caused a violent shock in the industry. Many people who don’t know the truth are clamoring about the shady transaction. Why did BHP Billiton offer 170 billion U.S. dollars last year, but Li Tuo Group didn’t sell it, and now it has sold it for a total price of more than 140 billion U.S. dollars.
In fact, this matter is easy to understand. Initially, BHP Billiton offered US$150 billion based on the stock price, and then raised the premium again. However, it was a leveraged buyout, and many of them were discounted with BHP Billiton shares. , BHP’s stock price has fallen by almost 40% from its original high.
The same goes for Lituo Group. The stock price has dropped a lot compared to the original value. At the beginning, it was obviously beyond the true value and was somewhat artificially high.
If the acquisition had been accepted, the shareholders of Li Tuo Group might have received less than half of the cash, and the rest would have been BHP shares, and the value of these shares has fallen. To measure, what they can really get The money is probably only about 130 billion US dollars, which is not as high as it is now.
What's more, they have been operating for more than a year, with a turnover of tens of billions of dollars and profits of tens of billions of dollars. Aren't these all distributed to shareholders as dividends
"Forbes" focused on this news and mentioned the various benefits of this move to the industry. Of course, it also deliberately avoided the disadvantages to other companies.
For example, Lituo Group was once one of the three giants in the mining industry, although it only ranked third. However, with the completion of this acquisition, Polar Bear Mining Group has become the leader of the three giants in the mining industry.
Everyone still stands on three pillars, but before I was the weakest in Soochow, and now I am the strongest in Northern Wei. The status has been reversed.
In the past, Lituo Group did not have a particularly strong voice in the industry, but after being merged into the Polar Bear Mining Group, the Polar Bear Mining Group's voice will be greatly increased.
Although it still cannot compete with Vale in iron ore, its position in aluminum, gold, nickel, copper, etc. has soared. And then we cooperated with Huaxia Aluminum, so we became the strongest voice in the aluminum industry.
BHP Billiton still takes the initiative to cooperate with the Polar Bear Mining Group. In terms of iron ore, it is no less than Vale, and even in other minerals, it can become a decisive giant in the entire world.
But Forbes did not mention any of this. It only talked about how well Polar Bear Mining Group protects its employees, and how lucky this is for the employees of Lituo Group.
No way, who makes Polar Bear Mining Group the only large mining company that has not had any worker deaths
This made all the employees of Lituo Group very excited about it. They did not have any resistance to the change of bosses in the company, and instead showed a welcoming attitude.
Especially when they heard that Feng Yu’s subsidiaries had first-class welfare benefits. I heard that the majority shareholder of this Polar Bear Mining Group was also Fengyu Holdings Group, so wouldn’t that be Feng Yu
…
On Vale's board of directors, some directors were smoking cigars with their heads down. Originally, they thought that by contacting some small mining companies and pretending to acquire Lituo Group, they would be able to mess up the matter.
Of course they know that such an acquisition is absolutely impossible to succeed. The mines of Lituo Group are of the same value when put together. If they are separated, they will immediately drop to a lower level. Only those with more mines have the right to speak.
Moreover, Lituo Group is not willing to negotiate with so many companies at the same time. As long as one or two companies fail to negotiate, the whole thing will be seriously affected.
More than half is sold, what to do with the remaining half? Turn into a small mining company and continue operating? It's also very hard work, but they can't make much money in a year, and the value will fall. Why do they bother
However, Vale believes that this will affect the judgment of Lituo Group. Lituo Group will definitely negotiate with Polar Bear Mining Group based on their quotation, and those shareholders will also ask the board of directors to do the same.
Their final quotation was a 50% premium. As a result, Polar Bear Mining Group won the bid at a 30% premium. In fact, Polar Bear Mining Group has acquired some shares of Lituo Group, and the final comprehensive premium is less than 30%!
"What do you think of the Polar Bear Mining Group? Next, should we contact the Polar Bear Mining Group and seek some cooperation?"
"No, why should we cooperate? Our main business is iron ore. We occupy more than one-third of the world's iron ore deposits. This is originally our decision, but Polar Bear Mining Group should take the initiative to come to us. Let's talk about cooperation." After hearing the director's words, some directors still retained their pride in being the world's largest mining group.
"But have you ever thought that if the acquisition is successful, Polar Bear Mining Group will be the largest mining company in the world. Both in terms of turnover and profits, it will surpass us and become the number one in the industry. And this time, BHP Billiton did not Obstruction, don’t you think it’s strange?”
"So what if it has the highest market capitalization and the largest turnover in the industry? Iron ore is the most demanded metal deposit in the world, surpassing other metals such as copper. There is no need for us to compromise! I think BHP is definitely trying to pass The obstruction from the top means that this acquisition cannot pass the hurdles of the European Union and other organizations.”
"Is there another possibility that the Polar Bear Mining Group and BHP Billiton have reached some private agreement, for example, their mining joint venture?"
The other directors were shocked. What the chairman said might be too scary. If the Polar Bear Mining Group joins forces with BHP and establishes a joint venture or something, it will be able to challenge them in iron ore, and their Vale's status will definitely take a turn for the worse!
No wonder BHP did not stop it in the end and stopped bidding. Is it because the two parties wanted to establish a joint venture? As a result, Polar Bear Mining Group’s throne as the number one mining company in the industry can no longer be shaken!
Could it be that Vale could only watch the other party grow bigger and stronger without any solution? No, you can acquire iron ore companies, and we can also acquire other mines. The top spot in the industry may not necessarily be yours!
… (To be continued...)