Chapter 388 Goldman Sachs’ Friendship
On April 4, America’s second largest oil company, ChevronTexaco, had already made an offer of US$16 billion to Unocal, hoping to acquire the company. company.
At present, their acquisition offer has begun to undergo antitrust review by the Federal Trade Commission of the United States.
At the same time, Barron also knows that in two months, China's CNOOC will also join in the acquisition of Unocal...
In fact, as early as February this year, , Unocal sent some company information to CNOOC and invited them to participate in the acquisition.
In Barron's previous life, Chevron and CNOOC were the two main parties involved in the acquisition of Unocal, and Barron already knew the outcome - after all, the acquisition process could be said to have been quite a fuss. At the beginning, it occupied many media sections.
After Lloyd raised this matter, Barron also began to consider the feasibility of joining the acquisition of Unocal.
First of all, is the acquisition of Unocal Corporation necessary for United Energy Group?
In Barron's view, Unocal's most valuable parts include two parts. One is the company's oil and gas block resources in Asia, including Thailand, Indonesia and Bangladesh.
In addition, it is the oil and gas-related technology reserves and rich human resources that this company has accumulated through a century of development.
For CNOOC, the first one is probably the most important, while for United Energy Group, the latter one is more attractive.
As Lloyd said on the phone, both United Energy Group and Colo Petroleum Company currently have great development prospects, based on the rich reserves of the Colo offshore oil field.
But for an oil company, United Energy Group can only be said to be a shelf, and more content needs to be filled in.
This includes a series of technologies, equipment and talents for oil and gas exploration, refining, storage and transportation.
If Unocal can be acquired and merged into the United Energy Group, it will be like the protagonist in a martial arts novel who has been injected with a lifetime of inner strength by a senior master, and the United Energy Group can be immediately transformed. Among the world's leading energy groups, the temptation here is not small.
However, it is not that easy for United Energy Group to join in the acquisition of Unocal...
The first is the funding issue. Although by the end of 2004, Unocal's market value was approximately 11 billion US dollars, and net debt of US$2.68 billion.
But Barron knows that in order to complete the acquisition of this company, in addition to shouldering the $2.68 billion in liabilities, the bid needs to be at least $17.5-18.5 billion.
Because Chevron, which is currently the first to bid, has already quoted US$16 billion, while CNOOC’s quote will be even higher.
"Mr. Blankfein, one thing that makes me a little confused is that I know that China's CNOOC has been invited by Unocal, hoping that they will join in the acquisition of them..."
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Barron held the phone and said calmly:
"If my guess is correct, you have also contacted CNOOC and will try to help them with their acquisition and provide financing. So why did you give me this call again? Remind me to join in "
It seemed that Lloyd had not expected Barron's sudden mention of this. After Barron's words fell, he was silent for two seconds and said:
"Your Highness the Duke, I do not deny that we will help Zhongshi Oil financing, if they can succeed in the final acquisition, but this is only if, one code equals one code, this suggestion I give you is also because I have seen what you can do in the process of acquiring Unocal. United Energy Group makes up for shortcomings , more powerful, I hope you believe that I am doing this entirely out of friendship between us, and it is entirely to your benefit.”
For this statement from Lloyd Blankfein, CEO of Goldman Sachs Group. During the phone call, Barron could only chuckle.
As we all know, Wall Street investment banks are all profit-seeking, and among all Wall Street investment banks, Goldman Sachs Group must be the most cunning one.
In his previous life, Barron studied countless financial cases on Wall Street. In most of these cases, Goldman Sachs Group can be seen, and almost every time Goldman Sachs Group was able to survive a crisis. Run away unscathed, at least the fastest one... If you really believe that Goldman Sachs Group can have so-called friendship, then I'm afraid you will be the next one to be tricked by Goldman Sachs.
"Thank you for the call, Mr. Blankfein, but I need to conduct more evaluation on whether to join the acquisition of Unocal, if there is any result , I will be the first to notify you, and I hope we can continue to cooperate.”
After giving this reply, he hung up the phone and dialed another number:
"Help me check the shareholder composition of Unocal and the capital behind these shareholders."
...
"Our family has a very deep connection with Cambridge University, and this connection has always been It continues to this day, and we cherish the memories condensed in history that this wonderful bond has given each other. Various deeds, and I hope that today's cooperation can continue this bond..."
After Barron came to the University of Cambridge, he donated to the University of Cambridge in the name of the Devonshire Family Trust Fund. 50 million pounds, the speech when establishing the Devon Hill Scholarship also caused thunderous applause in the auditorium.
Indeed, as Barron said, the Cavendish family has a close relationship with Cambridge University.
Barron's ancestor, William Cavendish, the ninth Duke of Devonshire, once served as the president of Cambridge University.
Lucy Cavendish College in Cambridge University is named after Lucy Devonshire, the daughter-in-law of the ninth Duke of Devonshire, who was dedicated to female education.
And since then, the Devonshire family has also been funding academic research, including the Cavendish Laboratory.
In addition to generous donations to the University of Cambridge, Barron's DS Capital Quantitative Fund and Woaw Technology have many cooperative projects with the University of Cambridge.
So all in all, it is very easy for descendants of the Cavendish family to enter Cambridge University.
If Barron's predecessor hadn't been too rebellious back then, didn't like the environment here in Cambridge, and yearned more for the prosperity of London, I'm afraid he would have been one of the famous alumni of Cambridge University...
"You just said That's great, honey, those girls are all crazy in the audience..."
Before Barron left Cambridge, Tamaran Ecclestone also quietly went to Barron. Barron's Rolls-Royce Phantom, she said to Barron coquettishly as soon as she got in the car.
"So does this include you? Baby."
Holded by the girl's arm and feeling the soft squeeze, Barron couldn't help but sigh, this girl's nutrition is so good ……
"You hate it. By the way, shall we go to the manor now?"
"Yes, I'm going to stay there for a few days. What do you think?"
"That's great, I also miss it a little bit.”
The next place they are going to is Chatsworth Manor. It has entered spring, and the colors there are brighter. It is the most beautiful time.
Speaking of which, Barron hasn’t been back there for a while, and Bonnie can’t get away for the time being. Barron took advantage of the opportunity to come to Cambridge University and took Tamaran with him.
(End of this chapter)