Chapter 901 The shopping mall is like a battlefield
After kissing passionately for a long time, Xu Liang stopped.
The situation is not right, so you can’t really pick up the gun and mount the horse.
"My dear, you are great.
Vincent Bolore's face turned pale with anger from you, and his dingy look is simply laughable."
Xu Liang's generous palm lingered on the thigh wrapped in black stockings.
“Don’t be happy too early. Although Vincent has lost the way to increase his equity through targeted financing, he can acquire it directly from the secondary market.
So the next step is to compete between the two sides. When it comes to financial resources.
Whoever can get 51% of the equity first will be able to completely win this acquisition battle. "
Christina looked full of confidence, her pretty face full. It's worship.
"My dear, I believe you will win in the end."
"Haha, of course."
——
There is no airtight wall in the world, Weiwang Word spread quickly about what happened at Dee's board meeting.
The twists and turns of the plot instantly occupied the business headlines of all news media that day.
Vivendi's share price rose in response.
It only rose by less than 10% in the previous week, and now it has increased by 20% in just one day.
Vivendi’s share price has also exceeded 24 billion euros, quickly approaching 30 billion euros.
Soon, Christina Investment Company announced that it held more than 30% of Vivendi Group’s share price, and in accordance with the provisions of French securities law, officially launched a compulsory action against all institutions and individuals holding equity in Vivendi Group. Tender Offer.
The price is 52 euros per share.
In other words, the acquisition will be based on Vivendi's market value of 25 billion euros.
This compulsory acquisition invitation will remain valid for half a month from the date of publication.
Of course, investment institutions and individuals holding shares in Vivendi also have the right to choose not to sell if they feel that the price is too low.
No one was surprised that Christina Company started spending money. Soon everyone turned their attention to another competitor of Vivendi.
But the Bollore family has not yet issued the same compulsory acquisition invitation.
For a time, voices of despair arose.
It also affected the share price of Vivendi Group.
"Father, the group's liquidity has almost dried up. If we continue to withdraw it, once it encounters difficulties, the operations of the Bolore Group will be in danger."
Dresi Bo Luo Lei said in a deep voice.
"Father, we can use the group's equity as collateral for loans, and many banks are willing to provide us with discounts." Obaid Borore said quickly.
She glanced at him coldly. Although they were brothers, there was no room for emotion at the moment of interests.
Dresi never wanted his father to use the interests of the Borlore Group he would inherit in exchange for Vivendi's equity.
"Father, financial institutions are greedy demons. Every cent of the money they give us requires an interest rate of more than 8%, which will put the family in huge debt."
"Dressi, things are not as bad as you think. Although the interest rate is higher, after we acquire Vivendi, we can sell some assets to repay debts.
And we can also issue corporate bonds to raise funds. How There are many.
But if this opportunity is missed, the Vivendi Group will never be acquired by the Bollore family. "
"Obeid, of course I know the benefits of acquiring Vivendi, but the price is too high. Reluctant acquisition will only put the family in danger. "
As he spoke, Dracy turned his head and looked serious.
"Father, I don't think we need to confront Xu Liang tit for tat. Reconciling with each other and getting the shares of Havas Group and Pacific Fund from him, with low risk and high returns, is the most beneficial choice for us... "
"Dressi, you are too cautious. This is Paris, the home of the Bollore family, and we are fully capable of acquiring Vivendi. And once successful, his father will become a business elite who owns the Borlore Group and the Vivendi Group, two major corporate giants.
The influence of the Bollore family will truly surpass France and become a world-class noble.
My father will also become the best person in the Bollore family and will always be remembered by the family and history. ”
Obeid is very aware of his father’s character.
Expanding the family business and becoming the top business family in France and even Europe has been the dream he has always pursued.
This is also the reason why he gave up his shares in Havas and Pacific Fund and insisted on acquiring Vivendi
"Father, I think..."
"Okay." Vincent Bolore interrupted Dracy, "Vivendi Group's acquisition has reached a critical period, and we have definitely not given up. "
Turn around.
"Obeid, help me make an appointment with Mr. Henry from Industrial Bank."
"Okay."
"Everyone, go down."
Vincent Bolore waved his hand.
Dressi walked out with a somewhat ugly look on his face, looking at his brother who was a compatriot next to him.
"Obeid, Vivendi Group's acquisition is not that simple. With your wisdom, you should be very clear about this matter."
"My dear brother, even if you can Yes. But no one can violate father's will, right?" He patted him on the shoulder slightly.
"Run your Bolore Group well so that my father can raise more money when raising funds."
After saying this, he walked downstairs.
Looking at his back, a cold light flashed in Dracy's eyes.
——
"The Chinese get out of France, Vivendi must not be sold to Golden Caesar"
Bernard looked at the news on the business front page of Le Parisien and smiled.
“Bolore’s public opinion offensive is getting more and more intense.”
“Compared to the wealthy Golden Caesar, the Bollore family has insufficient ammunition, so it is normal to supplement it through public opinion. ” laughed Luis Mouriez.
Bernard picked up the coffee on the table and took a sip.
“Who do you think will have the last laugh in the end?”
"Golden Caesar."
"Oh? The current public opinion is not good for him, and the French cannot accept Vivendi being acquired by the Chinese. More importantly, Bolore has reached an issuance agreement with Industrial Bank 3 billion euros of corporate debt agreement.
Coupled with Vivendi's original cash reserves, Bolore has a huge cash flow of at least 5 billion euros.
Compared with financial resources, he has. You may not lose.”
Louis Mouriez smiled: “The real decision-makers in France are always the big shots in the upper class, and ordinary people are just tools.
Golden Caesar obviously understands this truth.
He has given enough benefits and profits to the powerful, including you and me.
So unless public opinion against him can stir up the whole of France, it is harmless.
And our Golden Caesar cleverly introduced Miss Yeli and used public opinion to shape her into a model of female success.
Half of the women in France now regard her as their idol.
One-third of men think she is their angel.
As long as Ms. Yeri is on the bright side, Bolore's public opinion offensive will not have much effect.
As for cash.
Haha, Pacific Fund has just earned US$18 billion in the past two years. Hanhua currently has 10 offices around the world, and there are more than 50 venture capital funds, private equity funds, and hedge funds combined.
The net profit in one year will only be more than $18 billion.
Even if Bolore pressed the entire group, he still wouldn't be able to surpass Golden Caesar. "
"So he is destined to lose? "Bernard smiled.
"Of course. And it's good for us, too. "
Looking at the old man's meaningful eyes, Bernard laughed.
"It is indeed a good thing. ”
——
“Didn’t you only plan to acquire the Canal+ Group before? Why are you thinking about the entire Vivendi now?”
On the phone, Jiang Xiaoyang’s voice was still crisp. "Of course I want to only acquire the Canal+ Group, but things always don't go as planned. I have no choice but to change the target temporarily."
"Do I have to Vivendi? Europe There are many good companies,” Jiang Xiaoyang said.
"Too many sunk costs have been paid, and it is difficult to turn around. Moreover, Vivendi's main business is the Internet, pan-entertainment, telecommunications and publishing industries, and there is a certain overlap with Hongmeng and Penguin.
At present, It is the most suitable company for acquisition.”
“But if you want to achieve your goal, you need to use too much money.”
“But not as much as you think. More.
When the Vivendi acquisition is completed, I will sell the Havas Group, which will bring back at least 3 billion euros in cash to the Vivendi Group and reduce the debt by 2.5 billion euros. br>
Vivendi Network will be integrated with Sina. By then Sina will be the second largest portal in the world, second only to Yahoo.
The integration effect brought about can make Sina's stock price reach a high of 20 billion US dollars.
Brings Vivendi generous book returns.
Finally, I will also do some financial planning for Vivendi and withdraw a sum of funds from the financial market.
Wait to complete these.
Let's take a look at Vivendi's financial performance, and if that doesn't work, sell the stake in Veolia Environnement.
In short, there are many ways to reduce debt.
Maybe, I can get most of Vivendi’s assets and make a lot of money at the same time. "Xu Liang said with a smile.
Jiang Xiaoyang was silent for a moment and said quietly.
"It is not easy for a Chinese to acquire a company of the size of Vivendi in France, not only in terms of funds. problems, as well as problems in all aspects.
Are you...are you really sure? "
Feeling her worry and concern, Xu Liang smiled.
"There must be some goals and challenges in life, otherwise it will be too boring.
Vivendi is the challenge goal I set for myself.
Whether it is success or failure, I can accept it. ”
"I understand. If Hongyan's cash is not enough, Hanhua still has a lot."
"Don't worry, when it comes to a critical moment, I will use Hanhua's funds without you saying it. But your husband I have extraordinary skills, and Vincent Bolore is a very accomplished and resourceful Yuan Shao.
He is no match for me.
So, I don’t need much money. ."
"Just be confident...Yangyang misses dad, come back soon after you finish your work."
"Yes."
Xu Liang hung up the phone and breathed out slowly.
Although he seemed confident and relaxed in front of Jiang Xiaoyang, facing Vincent Bolore was far from as relaxed as he imagined.
A large family that has been rooted in France for two hundred years has far more energy than he imagined.
Although he set up Christina's 'strong woman' in time.
However, the malicious remarks against him in the media are still overwhelming.
Reporters even surrounded his house on Avenue Foch every day, and yesterday someone even threw Molotov cocktails inside.
Although he brought a large number of bodyguards, which were enough to ensure the safety of the entire residence, the endless noise made it difficult to sleep peacefully.
In order to get a good sleep, he, Christina and their two children have moved underground these days.
Picked up the phone and called Lu Hui in.
"Mr. Xu."
"How much equity has been acquired by Vivendi?"
"With the equity interests of the Li family and Qiu family in Xiangjiang, we have acquired 41.8%."
“It only took one week to acquire 7.4%.”
“Many large institutions and investors feel that our competition with the Bollore family will last for a long time, so they are not willing to Shares for sale ”
"What is the market value of Vivendi now?"
"The market value when the market closed this afternoon was 33.8 billion euros."
"It has risen by nearly 70%, and bargain hunters are still That’s a lot.” Xu Liang laughed.
"Mr. Xu, our offer of 25 billion euros is difficult to receive equity. Do you think we should raise it higher?"
Xu Liang pondered for a moment, "The Bollore family Has a compulsory tender offer been issued over there? ”
"Not yet. Vivendi's stock price has risen too fast. Their negotiations with Industrial Bank have just concluded, and subsequent loans will also take time.
So we should take advantage of this opportunity and rely on our capital advantages to completely Take Vivendi.”
Lu Hui’s idea is good, but the price is too high.
He didn't want to do it.
"I understand, you go ahead and do your work."
Lu Hui nodded, turned and left.
After Xu Liang wandered around the office for a few times, he raised his head and looked out the window.
The once clear Parisian city has been blocked by a layer of white window screens.
The situation is complicated now, safety comes first.
Go back to the sofa and sit down, take out your cell phone and make a call.
The call was answered quickly.
"Lao Xia, how much of Vivendi's convertible bonds was purchased?"
"870 million euros."
"How much would it be if converted into shares?"< br>
“According to the agreed price, we can probably get 6.4% of Vivendi’s equity.”
Convertible bonds are bonds that the bondholder can convert into common stock of the company at a price agreed upon at the time of issuance.
Rather than converting bonds into common shares based on the company's current market value.
That’s why we can get 6.4% of the equity.
“Can I get more?”
“Yes, I can, but the price is too high. If I get more, the price will be very high.”
"Then let's do this for now. No acquisition is needed for the time being."
"Okay."
After Xu Liang hung up the phone, he picked up a pen and started counting on paper.
Convertible bonds are converted into equity, which is equivalent to a financing.
His 41.6% holding will definitely be compressed.
Of course it needs to be recalculated.
After a while, looking at the numbers, I felt a little relieved.
“It only takes 5% to completely overwhelm the Bollore family.”
Although it is not much, according to the current development trend of Vivendi Group, even 5% of the equity will Nearly 2 billion euros are also needed.
If Vivendi’s stock price skyrockets due to his aggressive acquisitions, the price will be even higher.
Xu Liang didn't want to spend so much money.
After pondering for a moment, he took out his cell phone and called Wang Zhidong, who had been staying in Paris.
(End of this chapter)