Chapter 203： : Acquisition of Wells Fargo Bank

Chapter 205 Acquisition of Wells Fargo Bank

The old man finally knew how Hardy had succeeded. His polite and peaceful manner before was an illusion. The blood in his bones was even darker than that of the capitalist.

However, the old man knows that only such people can succeed in this society.

"The acquisition of Wells Fargo is no small matter. Wells Fargo has more than 200 million U.S. dollars in assets. This is a big deal."

"The Fargo family is the founding family of Wells Fargo. They now own 17% of the shares. It is not easy for them to abandon the rich country, and Wells Fargo has dozens of other shareholders."

Hardy smiled, "I believe that if Bank of America makes a move, it will not be too difficult. If you want cash, you can give them cash. If you don’t want cash, I can exchange shares in other industries, such as the Hardy Hotel. ."

The old man’s eyes lit up suddenly.

"Swap casino shares for?"

"Yes, but the price needs to be negotiated. The profitability of the Hardy Hotel is obvious to all. If he is listed now, what do you think his market value will be." Hardy said.

Hadi knew that it was impossible not to take out any benefits. Giannini was a shrewd banker. Although he valued the chips in Hardy's hands, he had not yet reached the point where he could give him hundreds of millions to support Hardy.

The old man pondered for a while, then looked at Hardy and said, "Hardy, I will spend 60 million US dollars to acquire 30% of the Hardy Hotel."

This price is equivalent to 200 million for Hardy Casino.

"At the same time, I will help you complete the acquisition of Wells Fargo. The lack of funds will be loaned to you by Bank of America."

No one knows the future of the casino they cooperated with. Even if it can meet expectations, it will take two or three years to see the benefits.

The Hardy Hotel is the fat meat in front of you. It has already started to make big money. Giannini has coveted the income of Hardy Casino before, how can it be let go now if there is a chance.

Hardy shook his head: "The casino now earns 40 million yuan a year, and I believe there will be more in the future, 30% 100 million yuan."

The old man thinks the price is too high.

"80 million is the most."

"90 million, no amount of casino shares will not be sold, there are 13,000 banks in the United States, I don't believe you can't buy a bank." Hardy said.

"Alright deal!"

The old man compromised.

"By the way, you just said that there are a few things for me to help, what else?" Janini asked.

"I heard that you have shares in Pepsi. I like this drink very much. I don't know if Mr. Giannini can sell me the shares." Hardy said.

Gianini did not expect Hardy to want to buy Pepsi. For him, Pepsi is just a drink. The real ruler of the Coke market is Coca-Cola, and Pepsi has only about one-tenth of the market share of Coca-Cola.

Especially during World War II, Coca-Cola entered the U.S. military's logistics supply list, and sales increased sharply. Pepsi was gradually marginalized and was once on the verge of bankruptcy.

Later, they adopted the strategy of increasing the volume and reducing the price. At the same price, they could buy twice the amount of Coca-Cola, so as to keep the low-end market.

Many black people want to drink Pepsi at a cheap price, so they are called black coke again.

"I have 23% of PepsiCo shares in my hand. PepsiCo is now worth about $16 million. Do you want these stocks?" Janini said.

In recent years, Pepsi-Cola has not made any money, and its stock price has been sluggish. Hardy is willing to buy Giannini without much thought.

"Yes, I want it." Hardy said.

Hardy said that he bought him because he likes this drink. Giannini thinks he is completely nonsense, but it doesn’t matter. Pepsi is just a small beverage factory. Coca-Cola is a giant that stands in the way. The development is very difficult and it is sold to Hardy is fine.

"Yes, I can sell it to you at the market price." Janini said.

Hadi nodded and thanked.

The two are very happy. This exchange has achieved their goals. Bank of America can go deep into Las Vegas casinos to make money, and Hardy got the promise of acquiring Wells Fargo Bank and shares of Pepsi.

Gianini stayed with Hardy for dinner, and the two chatted a lot of details. Hardy did not leave until more than nine o'clock in the evening.

At the HD security station in the evening, Hardy called the old godfather. The Corleone family owned 39% of the casino.

Hadi should inform others.

"Mr. Corleone, I am going to raise funds, cooperate with Bank of America and acquire a bank at the same time, so I am going to sell them 30% of Hardy Casino shares. I have two plans. One is that I will sell 30% to Bank of America separately. , The other is that our two families each take out a portion, I contribute 20%, Corleone’s 10%, so I own 41% of the shares, Corleone’s 29%, and Bank of America 30%." Hardy said.

The old godfather knew that since Hardy mentioned the share sale, he naturally liked this method, otherwise he would not propose it.

"No problem, Corleone's family pays 10%." The old godfather said happily.

The old godfather knows well that the investment of Hardy Casino can be said to have brought substantial income to the Corleone family, which is all dependent on Hardy’s management.

Hadi smiled, "Thank you Mr. Corleone for your support. As for the 30 million shares sold, I will find a way to transfer it to you."

"Hadi, you definitely need money to buy a bank. This money will be placed with you for the time being, and you can use it. If the Hardy Group has any investment in the future and needs an investment partner, then use this money to invest. What do you think? How?" The old godfather said with a smile.

The old godfather is a reward, and he believes that Hardy will not let him suffer.

"No problem, there are a lot of profitable businesses, I will think of Corleone's house." Hardy said.

The next day, Hardy took Andy to Bank of America and met the president of Bank of America. The two parties signed a purchasing agreement. Bank of America will help Hardy acquire all the shares of Wells Fargo.

At the same time, Hardy also got shares in Pepsi.

The purchase amount was 3.68 million.

As for money.

Loans.

Hadi is now a major lender of Bank of America, and the acquisition of Wells Fargo will require a large amount of money later, and the three million yuan is all small money.

Gianini contacted Rhide Fargo, the current helm of the Fargo family, and invited him to eat at the manor. After the two sat down, Gianini smiled and said: "Rhide, someone wants to buy Wells Fargo."

Reid Fargo was surprised, "Who is it?"

"You should have heard of it, Jon Hardy."

“It’s him. When I opened the board of directors last time, I heard from the president of the company. Now Hardy Group is Wells Fargo’s largest customer. Airlines, casinos, surrogate investment funds, TV factories, and company funds are all settled in Wells Fargo.”

“They are also happy to tell me that Hardy Group’s business now accounts for more than 20% of Wells Fargo’s business. With this large customer, Wells Fargo’s performance will be greatly improved this year.” Janini said.

"Unexpectedly, he wanted to swallow Wells Fargo as a whole." Reid Fargo said angrily.

"This is normal. His business is getting bigger and bigger. He wants to have his own bank to serve him, so that it will be more convenient to operate." Janini said.

"Mr. Giannini, I hope you stop him. The Fargo family is the founder of Wells Fargo Bank. We don't want to lose our foundation." Reid Fargo said anxiously.

Gianini shook his head, “Fargo, this thing is not easy to stop. If Hardy pulls out all business from Wells Fargo, Wells Fargo will suffer great losses, stock prices will inevitably fall, and everyone’s interests will be harmed.”

"Do you think those small shareholders will be able to carry it? At that time, he will acquire enough shares, and then initiate a compulsory acquisition of the rich country." Janini said.

Reid Fargo was a little anxious, "I know you can stop him Mr. Giannini."

"There are more than 13,000 banks in the United States. The rich country ranks only in the middle position. Even in California, the rich country is only a small bank. I believe you understand it in your own heart." Janini said lightly.

"Wells Fargo’s performance over the years has not been good, and shareholders are not satisfied. If Hardy withdraws from the business and the stock price plummets, how do you think shareholders will choose? It is better to sell it at a suitable price now."

"Including my shares will also be sold."

"I have already contacted other minority shareholders and offered a reasonable price. I believe they don't want to see Wells Fargo's stock drop by 80% before selling."

"Rhett, this is a business. My advice to you is to get the money and invest in other areas. Bank of America has many cooperative enterprises, you can choose."

Gianini said a lot of words, including persuasion and threats.

Hearing what Janini said, Rhett Fargo knew that the situation was over, and called him today, that is, to inform him.

The Fargo family can stand up to it, but I am afraid that it will suffer heavy losses. If Bank of America wants to clean up Wells Fargo, it is simply too simple.

Many of Wells Fargo’s business is within the consortium. As long as Bank of America pulls out of this part of the business, Wells Fargo will definitely not be able to sustain it.

"Well, I will go back to discuss with the family members, and I will give you an answer as soon as possible." Reid said with a little frustration.

These days.

There are some rumors in the market that some people are preparing to buy Wells Fargo, some large companies will suspend cooperation with Wells Fargo, and that Bank of America has discussed with many shareholders of Wells Fargo. In short Very much.

Because the situation is unstable and people don’t know what will happen, Wells Fargo’s stock price dropped slightly.

It doesn’t matter if it's just a stage, but there have been successive declines, which shows that some people are not optimistic about the future of Wells Fargo and are continuing to ship products.

A hotel in San Francisco.

Today Hardy invited a guest.

A middle-aged man in his forties walked into the hotel. Hardy smiled and stood up and shook hands with him, "Good afternoon John."

"Hello, Mr. Hardy."

John Ston is the current president of Wells Fargo Bank. Hardy had contacted him before. After all, the two have a lot of business dealings.

In Hardy’s view, Johnston is a banker with a high level of management. His two years as president has brought the otherwise mediocre Wells Fargo Bank to a new level, especially the cooperation with Hardy Group. In this matter, the bank has benefited a lot.

(End of this chapter)