Chapter 1244: 1244
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In the evening, Andy walked out of Gaia building under the escort of bodyguards. Across the road were protesters holding various signs. There were dozens of protesters with white areas on the sidewalk nearby, covered with white signs and bodies.
In the United States, a considerable number of people believe that the US government's rescue plan benefited the speculators on Wall Street who were responsible for the crisis.
Andy frowned a little, shook his head, and sat in the Maybach car. I heard that the protest on Wall Street was more serious. The protesters in black and white masks had already laid all around the bull sculpture. According to the news, they would hold a demonstration tomorrow.
Andy knows that the seeds of "occupy Wall Street" have been planted. As time goes on, they will continue to soar. It seems that Wall Street will become more and more chaotic. For this, he is a little helpless. After all, the Lehman building belongs to him now, and the bankruptcy of Lehman makes many people suffer heavy losses. These people appear in front of the original Lehman building to protest. What can he say Yeah.
The security situation seems to be getting more and more serious all of a sudden. The United States with rampant guns is uncertain about what kind of insanity it will encounter. To be honest, if it wasn't for NBC global M & A that he couldn't get away from it, he would never stay in New York now.
As Andy guessed, the new tax law will allow Wells Fargo to deduct the reduced book value of Wachovia's assets from Wells Fargo's income, which will save billions of dollars in taxes for the combined bank, after the new tax law is no longer a secret at midnight on the 29th!
Richard Kovacevich, CEO of Wells Fargo, immediately called Steele, President of Wachovia, who has reached a deal with Citigroup, and offered a price of $7 per share, which is much more generous than that of Citigroup, which wants to annex Wachovia with a price of $1 per share.
The board of directors of Wachovia immediately decided to be ready to enter the arms of Wells Fargo at the expense of Citigroup's breach of contract!
The fight between Wells Fargo and Citibank is on!
The situation reversed on October 3. On that day, Wells Fargo announced that it would exchange shares of Wachovia at a ratio of 0.1991:1 to acquire Wachovia as a whole without the support of government agencies. Wells Fargo's offer was approved by the board of directors of Wachovia.
Just minutes after the two sides reached an acquisition agreement, Citigroup immediately issued a statement on the matter, which was tough, accusing Wachovia of violating the exclusive agreement with Citigroup, and demanding that Wachovia and Wells Fargo stop cooperation and no more transactions.
Citigroup then applied to a New York court for a temporary injunction to restrict transactions between Wells Fargo and Wachovia until the court ruled otherwise.
At the same time, U.S. stocks continued to plummet as the $700 billion asset relief plan returned to the house of representatives for a vote that could not be passed again.
It's this time that the entire U.S. financial market is in great trouble. Andy Smith and Warren Buffett joined hands. Not only for the interests, but also for the patriotic needs, but also for the still unstable market!
In the hall of Rockefeller Center in New York, hundreds of reporters held their cameras in their hands and took pictures. Andy Smith, Warren Buffett and general electric CEO Jeff sat on the rostrum in a white sea of light.
"Mr. Buffett will buy $3 billion of Ge preferred stock at an annual dividend rate of 10%. He was also given the right to buy $3 billion of General Electric common stock for $22.25 a share.
Mr. Smith, will buy $3 billion of General Electric common stock at $22.25 per share
As CEO, Jeff began to speak to the following reporters Barra endlessly with a calm smile. He boasted about GE's excellence and about Andy and Warren. Andy smiled quietly and took it easy.
After all, the stock price of Ge is still at $24.75. It's easy to buy $3 billion of common stock cheaply. It's just common stock, which can be traded at any time. I believe that at the same time of this conference, GE's stock began to rise.
As for whether the sell-off will make GE breathe blood, it's not Andy's business to consider. No one will let his money float and profit is paramount.
Listen to Warren Buffett's praise of Ge as a flower, Andy's heart is also a smile, he knows better than anyone, the real destructive power of the financial storm has not been finally demonstrated.
From November 2008 to March 2009, these five months will be the darkest time in the global economy. Now it's just hell. After that, all people will understand that hell has 18 floors underground...
"Mr. Smith, there is a rumor that you are in secret contact with Ge, seeking to acquire NBC global. Is this rumor true?"
As soon as the reporter's question was thrown out, the scene was full of uproar and buzz. Andy's smile didn't disappear. It didn't seem surprising at all, because the news was intentionally released by GE and agreed by Andy.
Of course, in order to prevent Cheng Yaojin, who killed Hu halfway, and Ge from being selfish, Andy naturally signed an exclusive agreement with GE. In this way, Andy promised Ge to release the news to stimulate GE's share price."Ha ha, it's a rumor and a secret. I'm curious. Since it's a secret contact, where did you get the rumor? It seems that New York journalists are all pervasive. The rumors are right, and it's not a secret. I'm really interested in acquiring NBC global, and the negotiation with Ge is also going on.
It's not a secret that I have the ideal of a media kingdom. Everyone here is also very clear. No matter from the original New York Observer, Newsweek, Hollywood Summit Entertainment, AMC cable TV, marvel group, Bloomberg News Company and other companies, they are the jigsaw of my media kingdom.
From the beginning, it requires a lot of energy, time and money. To form scale and influence, it needs to pay more. The idea of acquiring NBC global came into being when Jeff and I played golf.
Ge hopes to return to the path of core industry, NBC global has become a white elephant, one needs capital, one needs to expand business, and one needs to complete the ideal. Because each needs what he needs, a major transaction will naturally be a one-off fit. "
Brawl -
when all kinds of questions and shouts come up one after another, Andy ignores the noise of these reporters and directly suppresses the chaotic scene and says: "as for the details, you have no need to know now, after all, you will know when the negotiation is still in progress and the transaction is completed."
At the end of the press conference, GE's share price began to rise against the market as expected. At the same time, in Washington, the 700 billion dollar asset rescue plan also came to a vote in the house of Representatives, which was finally passed by 263 votes to 171 votes.
At 2:30 p.m. that day, President Bush signed the bill and it came into force. However, at this time, more people in the United States were shocked by the news that Andy Smith was about to annex NBC global, the media empire.
Once the deal is successful, it means that we have a huge media empire, including NBC TV network, Universal Pictures, CNBC, msnb, Syfy, USA and Bravo cable channels, and we will merge all the media forces in Andy's hands into a super giant.
Andy Smith, a 25-year-old, will be the youngest king of the media empire, determining a third of American family time.
For a while, the whole Hollywood fell into a daze, and the shadow of the great devil will completely envelop Hollywood. The media industry in the whole United States will be shocked, and other competitors will have to re attach importance to NBC, which has become the last-class saltfish, and the American people are shocked by this. Evil, God, take him away quickly!
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In the evening, Andy walked out of Gaia building under the escort of bodyguards. Across the road were protesters holding various signs. There were dozens of protesters with white areas on the sidewalk nearby, covered with white signs and bodies.
In the United States, a considerable number of people believe that the US government's rescue plan benefited the speculators on Wall Street who were responsible for the crisis.
Andy frowned a little, shook his head, and sat in the Maybach car. I heard that the protest on Wall Street was more serious. The protesters in black and white masks had already laid all around the bull sculpture. According to the news, they would hold a demonstration tomorrow.
Andy knows that the seeds of "occupy Wall Street" have been planted. As time goes on, they will continue to soar. It seems that Wall Street will become more and more chaotic. For this, he is a little helpless. After all, the Lehman building belongs to him now, and the bankruptcy of Lehman makes many people suffer heavy losses. These people appear in front of the original Lehman building to protest. What can he say Yeah.
The security situation seems to be getting more and more serious all of a sudden. The United States with rampant guns is uncertain about what kind of insanity it will encounter. To be honest, if it wasn't for NBC global M & A that he couldn't get away from it, he would never stay in New York now.
As Andy guessed, the new tax law will allow Wells Fargo to deduct the reduced book value of Wachovia's assets from Wells Fargo's income, which will save billions of dollars in taxes for the combined bank, after the new tax law is no longer a secret at midnight on the 29th!
Richard Kovacevich, CEO of Wells Fargo, immediately called Steele, President of Wachovia, who has reached a deal with Citigroup, and offered a price of $7 per share, which is much more generous than that of Citigroup, which wants to annex Wachovia with a price of $1 per share.
The board of directors of Wachovia immediately decided to be ready to enter the arms of Wells Fargo at the expense of Citigroup's breach of contract!
The fight between Wells Fargo and Citibank is on!
The situation reversed on October 3. On that day, Wells Fargo announced that it would exchange shares of Wachovia at a ratio of 0.1991:1 to acquire Wachovia as a whole without the support of government agencies. Wells Fargo's offer was approved by the board of directors of Wachovia.
Just minutes after the two sides reached an acquisition agreement, Citigroup immediately issued a statement on the matter, which was tough, accusing Wachovia of violating the exclusive agreement with Citigroup, and demanding that Wachovia and Wells Fargo stop cooperation and no more transactions.
Citigroup then applied to a New York court for a temporary injunction to restrict transactions between Wells Fargo and Wachovia until the court ruled otherwise.
At the same time, U.S. stocks continued to plummet as the $700 billion asset relief plan returned to the house of representatives for a vote that could not be passed again.
It's this time that the entire U.S. financial market is in great trouble. Andy Smith and Warren Buffett joined hands. Not only for the interests, but also for the patriotic needs, but also for the still unstable market!
In the hall of Rockefeller Center in New York, hundreds of reporters held their cameras in their hands and took pictures. Andy Smith, Warren Buffett and general electric CEO Jeff sat on the rostrum in a white sea of light.
"Mr. Buffett will buy $3 billion of Ge preferred stock at an annual dividend rate of 10%. He was also given the right to buy $3 billion of General Electric common stock for $22.25 a share.
Mr. Smith, will buy $3 billion of General Electric common stock at $22.25 per share
As CEO, Jeff began to speak to the following reporters Barra endlessly with a calm smile. He boasted about GE's excellence and about Andy and Warren. Andy smiled quietly and took it easy.
After all, the stock price of Ge is still at $24.75. It's easy to buy $3 billion of common stock cheaply. It's just common stock, which can be traded at any time. I believe that at the same time of this conference, GE's stock began to rise.
As for whether the sell-off will make GE breathe blood, it's not Andy's business to consider. No one will let his money float and profit is paramount.
Listen to Warren Buffett's praise of Ge as a flower, Andy's heart is also a smile, he knows better than anyone, the real destructive power of the financial storm has not been finally demonstrated.
From November 2008 to March 2009, these five months will be the darkest time in the global economy. Now it's just hell. After that, all people will understand that hell has 18 floors underground...
"Mr. Smith, there is a rumor that you are in secret contact with Ge, seeking to acquire NBC global. Is this rumor true?"
As soon as the reporter's question was thrown out, the scene was full of uproar and buzz. Andy's smile didn't disappear. It didn't seem surprising at all, because the news was intentionally released by GE and agreed by Andy.
Of course, in order to prevent Cheng Yaojin, who killed Hu halfway, and Ge from being selfish, Andy naturally signed an exclusive agreement with GE. In this way, Andy promised Ge to release the news to stimulate GE's share price."Ha ha, it's a rumor and a secret. I'm curious. Since it's a secret contact, where did you get the rumor? It seems that New York journalists are all pervasive. The rumors are right, and it's not a secret. I'm really interested in acquiring NBC global, and the negotiation with Ge is also going on.
It's not a secret that I have the ideal of a media kingdom. Everyone here is also very clear. No matter from the original New York Observer, Newsweek, Hollywood Summit Entertainment, AMC cable TV, marvel group, Bloomberg News Company and other companies, they are the jigsaw of my media kingdom.
From the beginning, it requires a lot of energy, time and money. To form scale and influence, it needs to pay more. The idea of acquiring NBC global came into being when Jeff and I played golf.
Ge hopes to return to the path of core industry, NBC global has become a white elephant, one needs capital, one needs to expand business, and one needs to complete the ideal. Because each needs what he needs, a major transaction will naturally be a one-off fit. "
Brawl -
when all kinds of questions and shouts come up one after another, Andy ignores the noise of these reporters and directly suppresses the chaotic scene and says: "as for the details, you have no need to know now, after all, you will know when the negotiation is still in progress and the transaction is completed."
At the end of the press conference, GE's share price began to rise against the market as expected. At the same time, in Washington, the 700 billion dollar asset rescue plan also came to a vote in the house of Representatives, which was finally passed by 263 votes to 171 votes.
At 2:30 p.m. that day, President Bush signed the bill and it came into force. However, at this time, more people in the United States were shocked by the news that Andy Smith was about to annex NBC global, the media empire.
Once the deal is successful, it means that we have a huge media empire, including NBC TV network, Universal Pictures, CNBC, msnb, Syfy, USA and Bravo cable channels, and we will merge all the media forces in Andy's hands into a super giant.
Andy Smith, a 25-year-old, will be the youngest king of the media empire, determining a third of American family time.
For a while, the whole Hollywood fell into a daze, and the shadow of the great devil will completely envelop Hollywood. The media industry in the whole United States will be shocked, and other competitors will have to re attach importance to NBC, which has become the last-class saltfish, and the American people are shocked by this. Evil, God, take him away quickly!
In the evening, Andy walked out of Gaia building under the escort of bodyguards. Across the road were protesters holding various signs. There were dozens of protesters with white areas on the sidewalk nearby, covered with white signs and bodies. In the United States, a considerable number of people believe that the US government's rescue plan benefited the speculators on Wall Street who were responsible for the crisis. Andy frowned a little, shook his head, and sat in the Maybach car. I heard that the protest on Wall Street was more serious. The protesters in black and white masks had already laid all around the bull sculpture. According to the news, they would hold a demonstration tomorrow. Andy knows that the seeds of "occupy Wall Street" have been planted. As time goes on, they will continue to soar. It seems that Wall Street will become more and more chaotic. For this, he is a little helpless. After all, the Lehman building belongs to him now, and the bankruptcy of Lehman makes many people suffer heavy losses. These people appear in front of the original Lehman building to protest. What can he say Yeah. The security situation seems to be getting more and more serious all of a sudden. The United States with rampant guns is uncertain about what kind of insanity it will encounter. To be honest, if it wasn't for NBC global M & A that he couldn't get away from it, he would never stay in New York now. As Andy guessed, the new tax law will allow Wells Fargo to deduct the reduced book value of Wachovia's assets from Wells Fargo's income, which will save billions of dollars in taxes for the combined bank, after the new tax law is no longer a secret at midnight on the 29th! Richard Kovacevich, CEO of Wells Fargo, immediately called Steele, President of Wachovia, who has reached a deal with Citigroup, and offered a price of $7 per share, which is much more generous than that of Citigroup, which wants to annex Wachovia with a price of $1 per share. The board of directors of Wachovia immediately decided to be ready to enter the arms of Wells Fargo at the expense of Citigroup's breach of contract! The fight between Wells Fargo and Citibank is on! The situation reversed on October 3. On that day, Wells Fargo announced that it would exchange shares of Wachovia at a ratio of 0.1991:1 to acquire Wachovia as a whole without the support of government agencies. Wells Fargo's offer was approved by the board of directors of Wachovia. Just minutes after the two sides reached an acquisition agreement, Citigroup immediately issued a statement on the matter, which was tough, accusing Wachovia of violating the exclusive agreement with Citigroup, and demanding that Wachovia and Wells Fargo stop cooperation and no more transactions. Citigroup then applied to a New York court for a temporary injunction to restrict transactions between Wells Fargo and Wachovia until the court ruled otherwise. At the same time, U.S. stocks continued to plummet as the $700 billion asset relief plan returned to the house of representatives for a vote that could not be passed again. It's this time that the entire U.S. financial market is in great trouble. Andy Smith and Warren Buffett joined hands. Not only for the interests, but also for the patriotic needs, but also for the still unstable market! In the hall of Rockefeller Center in New York, hundreds of reporters held their cameras in their hands and took pictures. Andy Smith, Warren Buffett and general electric CEO Jeff sat on the rostrum in a white sea of light. "Mr. Buffett will buy $3 billion of Ge preferred stock at an annual dividend rate of 10%. He was also given the right to buy $3 billion of General Electric common stock for $22.25 a share. Mr. Smith, will buy $3 billion of General Electric common stock at $22.25 per share As CEO, Jeff began to speak to the following reporters Barra endlessly with a calm smile. He boasted about GE's excellence and about Andy and Warren. Andy smiled quietly and took it easy. After all, the stock price of Ge is still at $24.75. It's easy to buy $3 billion of common stock cheaply. It's just common stock, which can be traded at any time. I believe that at the same time of this conference, GE's stock began to rise. As for whether the sell-off will make GE breathe blood, it's not Andy's business to consider. No one will let his money float and profit is paramount. Listen to Warren Buffett's praise of Ge as a flower, Andy's heart is also a smile, he knows better than anyone, the real destructive power of the financial storm has not been finally demonstrated. From November 2008 to March 2009, these five months will be the darkest time in the global economy. Now it's just hell. After that, all people will understand that hell has 18 floors underground... "Mr. Smith, there is a rumor that you are in secret contact with Ge, seeking to acquire NBC global. Is this rumor true?" As soon as the reporter's question was thrown out, the scene was full of uproar and buzz. Andy's smile didn't disappear. It didn't seem surprising at all, because the news was intentionally released by GE and agreed by Andy. Of course, in order to prevent Cheng Yaojin, who killed Hu halfway, and Ge from being selfish, Andy naturally signed an exclusive agreement with GE. In this way, Andy promised Ge to release the news to stimulate GE's share price."Ha ha, it's a rumor and a secret. I'm curious. Since it's a secret contact, where did you get the rumor? It seems that New York journalists are all pervasive. The rumors are right, and it's not a secret. I'm really interested in acquiring NBC global, and the negotiation with Ge is also going on. It's not a secret that I have the ideal of a media kingdom. Everyone here is also very clear. No matter from the original New York Observer, Newsweek, Hollywood Summit Entertainment, AMC cable TV, marvel group, Bloomberg News Company and other companies, they are the jigsaw of my media kingdom. From the beginning, it requires a lot of energy, time and money. To form scale and influence, it needs to pay more. The idea of acquiring NBC global came into being when Jeff and I played golf. Ge hopes to return to the path of core industry, NBC global has become a white elephant, one needs capital, one needs to expand business, and one needs to complete the ideal. Because each needs what he needs, a major transaction will naturally be a one-off fit. " Brawl - when all kinds of questions and shouts come up one after another, Andy ignores the noise of these reporters and directly suppresses the chaotic scene and says: "as for the details, you have no need to know now, after all, you will know when the negotiation is still in progress and the transaction is completed." At the end of the press conference, GE's share price began to rise against the market as expected. At the same time, in Washington, the 700 billion dollar asset rescue plan also came to a vote in the house of Representatives, which was finally passed by 263 votes to 171 votes. At 2:30 p.m. that day, President Bush signed the bill and it came into force. However, at this time, more people in the United States were shocked by the news that Andy Smith was about to annex NBC global, the media empire. Once the deal is successful, it means that we have a huge media empire, including NBC TV network, Universal Pictures, CNBC, msnb, Syfy, USA and Bravo cable channels, and we will merge all the media forces in Andy's hands into a super giant. Andy Smith, a 25-year-old, will be the youngest king of the media empire, determining a third of American family time. For a while, the whole Hollywood fell into a daze, and the shadow of the great devil will completely envelop Hollywood. The media industry in the whole United States will be shocked, and other competitors will have to re attach importance to NBC, which has become the last-class saltfish, and the American people are shocked by this. Evil, God, take him away quickly!
