nashuaworldcup Chapter 182: Manipulate the stock price and everyone is happy?
Chapter 182: Manipulate the stock price and everyone is happy?
Because it is a secret bidding auction, after the three parties submit sealed prices, the official needs to announce the final result on site.
But when the officials from the forensic department opened the three sealed documents, they showed a strange expression.
"Longguo Sanshi Group is willing to provide 32 billion US dollars."
"Sakura Hoshino Group is willing to provide 31 billion US dollars."
"Cayman Capital is willing to provide US$35 billion!"
The reason why the official looked so weird was because the prices offered by the three parties were extremely low!
According to normal procedures, it should be announced at this time that Cayman Capital has obtained a secret bid to obtain ownership of all Pan Am assets.
Grasso realized something. The price was far lower than the price in his mind. Are these three parties secretly colluding?
This is a routine operation in the construction industry. Several groups are invited to bid, the quotations are discussed first, and then the results are divided secretly.
Grasso, aware of this, objected:
"I object. This price is completely a cheap sale of Pan American Group, which harms the interests of our group of debtors."
"invalid objection!"
The official auctioneer knocked on the table and responded:
"Sir, you set the starting price yourself. Everything complies with the legal basis of the beautiful country's hidden bidding. The auction is valid!"
Grasso was speechless when he was refuted. He didn't expect that he would set the lowest price and he would be hit in the foot.
However, he still felt that there was something fishy about this hidden bid, in order to buy Pan Am aircraft and hotels at a low price.
"Mr. Grasso, I think you need to take a look at Cayman Capital's hidden restructuring plan before talking about it!"
"Reorganization plan?" Grasso couldn't help but be stunned. Cayman Capital is still thinking about reorganizing Pan American and continuing to operate?
According to normal procedures, shouldn't it be necessary to declare bankruptcy directly?
Does Cayman Capital still want to be responsible to those small shareholders?
He took the reorganization plan and read it again.
It turns out that Cayman Capital does not intend to give up several international routes operated by Pan American. They plan to use US$35 billion to repay all debts.
Then it is to integrate Pan Am's existing business, sell a batch of old Boeing aircraft, buy the latest aircraft - Airbus A320 and Boeing 757, and continue to operate Pan Am with the goal of profitability!
Grasso thought of Robert as a financier.
It turns out that Robert took a fancy to the attributes of Pan American's listed companies and planned to make Pan American higher in order to make profits in the financial market.
"I still reject this hidden price. Pan Am only has more than that!"
"The protest is invalid, sir. I hope you can understand one thing. Whether Pan Am reorganizes or completely ceases operations is decided by our officials.
“Cayman Capital’s restructuring plan is in the best interests of everyone.”
Grievance, wanting to cry, countless emotions mixed together, gathered in Gracchus' heart.
He looked at Robert's proud smile angrily.
It is indeed not up to Citibank alone to decide how Pan Am ends.
The Los Angeles government certainly hopes that Pan Am will be restructured and return to profitability, unless Citibank is willing to pay more and come up with a more perfect restructuring plan.
But Citibank just wanted to stop losses in time and had no intention of taking over the business.
"Huh, Robert, you actually joined forces with outsiders to dig a hole for us. Aren't you afraid that the entire Wall Street will stand up to resist you?"
Facing the threat from the big banker, Robert put his hands in his pockets and smiled:
"Sir, don't be so excited, this is just a normal business transaction.
It is in the public interest that I take over Pan Am, and you are undoubtedly on the opposite side of everyone this time. "
"If I were you, I would accept the deal because no one will offer a higher price than me."
This is an indisputable fact. Pan American's assets have been listed for half a year, but few people are interested.
If it continues to be delayed, it will only put Citibank into an unfavorable situation in business negotiations.
"Okay, I accept."
Robert felt relieved. What he was most worried about was Grasso's arrogance.
Just refuse this transaction.
Fortunately, the Citigroup CEO is still very rational. After knowing that he had been trapped, he had no intention of fighting to the death.
"Robert, I think we are the same kind of people. If you want to buy Pan Am, we can sit down and talk instead of joining forces with outsiders to trick me."
"You are still worried about this matter. The three of us secretly joined forces just to get what we each need."
Grasso snorted coldly and left the venue with an unhappy look on his face.
Robert walked up to Ni Pingnan:
"Mr. Ni, thank you very much for your cooperation, just as we discussed before.
We will sell 25 Boeing aircraft to Sanshi Aviation Management Group, and the price will be negotiated later. "
Ni Pingnan's assistant was a little dumbfounded. He had no idea that this acquisition would have such an inside story.
No wonder the president would privately modify the price on the tender document.
According to the original price tag, it should be 50 billion US dollars!
"Robert, don't forget what you promised me."
"Miss Quanjing, of course I haven't forgotten it. I also hope to get some money back to continue operating Pan Am."
Ni Pingnan's assistant couldn't help but shudder when he saw this scene.
Finally realized that this was a conspiracy by the three companies to target Citigroup.
After the auction ended, the group of investors had not dispersed.
After seeing Robert and others coming out, they loudly protested.
Robert walked towards the crowd calmly.
Bodyguards hurriedly followed, isolating him from the protesting crowd.
"Mr. Robert, do you have any news for us? Who owns Pan American's assets?"
A reporter put the microphone in front of Robert at the right time.
"I do have something to announce. We, Cayman Capital, have decided to continue operating Pan Am after acquiring all of Pan Am's legacy!"
Pan Am's assets included 50% of its shares as collateral.
In addition to the 20% of outstanding shares that Robert had previously purchased at cabbage prices, he has completed his control of Pan American Airways.
Of course, Pan Am is now an empty shell, and all the airlines and hotels have been owned by Cayman Capital.
"In order to save your investment, we, Cayman Capital, are willing to repurchase your stocks at twice the market price."
As soon as the news came out, the crowd immediately became excited.
The originally numb eyes took on a strange color.
Pan Am's stock price was worthless, but it would be best if someone was willing to take over.
A number of people have decided to sell their shares to Cayman Capital.
But there are also some smart people who realize that when Cayman Capital takes over Pan American's operations, it will definitely drive up Pan American's stock price, and they plan to wait and see again.