v3 Chapter 874： Start acquisition

Chapter 874

The situation is just as Xia Yu expected, Philip Brothers is surrounded by investors, and investors are clamoring to get their funds back, even if they don’t want any income as long as the principal!

But in the case that Philip Brothers can't even get the deposit, how can I get the funds for investors to claim back?

Therefore, Tendler Wells and many other high-level executives are very busy. On the one hand, they are constantly coping with the investors who come to the door, trying their best to calm their emotions. On the other hand, they are also clearing out low-yielding investments and pulling back their funds.

As for the projects with better investment conditions, they have not yet been cleared.

Because Tendler Wells and others know very well that the company still has a certain value at present, but if all items are cleared, it will accelerate its own death and cut off the possibility of a comeback, because it will lose all value.

After all, Philip Brothers is actually insolvent, and all assets are cleared at the normal price, which is not enough to repay all debts. When there is an empty shell and a group of employees waiting to be paid, the fool will take over!

New York may lack something, but there is no shortage of financial talents.

The financial profession is the first profession that Americans yearn for. There are too many middle- and lower-level financial talents. The top elites may not worry about food, but the middle- and lower-level personnel are too replaceable, and powerful large financial institutions are the least lacking. The lower-level talents, as long as the recruitment signal is sent, applicants are like clouds!

When dealing with these matters, Philip Brothers still did not give up hope. Various directors frequently wandered Wall Street, trying to find someone to take over.

Phillip Brothers has the reputation of being a leading futures company. It has accumulated a lot of background information in the past six to seventy years. Of course, some institutions are interested in it, but they did not dare to take that step without knowing the true liabilities.

After all, Philip Brothers is valuable, but if the value is not enough to cover the debt, it will lose money if it takes over!

What's more, it is not risk-free to take over. With the current market situation of the futures market, taking over is not necessarily a mess, and it is easy to be dragged down if you are not careful.

In the face of this situation, many organizations secretly promoted intelligence sharing, layer by layer on the bottom of Phillip Brothers, and at the same time pushed the investigation team to first calculate the assets of Phillip Brothers in an attempt to obtain the most true business intelligence.

In a blink of an eye is the seventh day!

Kester Phillips, with a complex mood of anticipation and anxiety, once again entered the Fed’s office building, and after waiting a few minutes, he met Fed Chairman Paul Volcker.

"Mr. Walker, sorry for taking your time."

Kester Philip put his posture very low, and said apologetically.

Paul Walker smiled and said, "It doesn't matter, I just happen to be not busy!"

"Mr. Volcker, I don't know if the proposal you made the last time has resulted?"

Kester Phillips was impatient, and asked straight into the subject, his eyes filled with anxiety.

He came to the Fed three days ago and also met Paul Volcker, hoping to get help from the Fed to help Phillip Brothers tide over the difficulties.

Paul Walker did not give a clear answer at the time, but said that he could propose to the committee and give him a reply later.

But there has been no result in the past few days. Today is the last day. Of course Kester Philip is anxious, so he visited again.

Paul Walker groaned, looking at the hopeful look in Kester Philip’s eyes.

He shook his head slowly, and said as Kester Philip’s eyes dimmed, “I’m sorry, Mr. Philip, this proposal was not approved.”

Kester Philip smiled barely, he pursed his lips, and asked unwillingly, "Can I know the reason?"

Paul Volcker's mind came up with the scene of the discussion on the committee yesterday. He glanced at Kester Phillips, shook his head and refused: "I'm sorry, this involves the internal secrets of the Federal Reserve."

It is not only that he, the chairman of the Federal Reserve, is unwilling to intervene, but also because of the great opposition within the committee. As for the real objections of those bigwigs, Paul Volcker can guess a little, but he wisely chose to ignore it.

Although he is the chairman of the Federal Reserve, he has greater powers than the President of the United States in financial policy, but he still has to respect the opinions of the vice chairman, executive committee and 12 Federal Reserve Bank chairmen. He is very clear about the nature of the Federal Reserve and his own truth. position.

Such a financial policy does not involve general directions, and it is obvious that the big boss has calculations. It is good to mention it. He will never actively intervene and confront, otherwise he is likely to be like the former Fed chairman, that is, the current chairman. Like Treasury Secretary G. William Miller, he was replaced after a year of work.

And he agreed to the proposal, which is also a kind of temptation. He secretly took the opportunity to observe some situations. After all, he has only been in office for a year, and he still needs to further understand the complicated relationship within the Fed.

"Oh, I'm sorry for making such an unreasonable request."

I didn't get the answer I wanted. Although I had expected it, Kester Philip was inevitably more lost.

Seeing Paul Walker looking at him calmly, Kester Phillips thought for a while and took a deep breath, and decisively said goodbye.

Paul Walker just sent him out of the office door, and then turned to deal with his work. He also needs to find ways to adjust financial policies to further stimulate the US economic market.

Let’s talk about Kester Phillips. Before he was about to board the car, he looked back at the headquarters of the Federal Reserve, clenched his fists for a long time, and finally loosened it weakly, sullenly facing the car.

"Go back to the company first!"

……

As night fell, anyone who paid close attention to Philip Brothers knew that Philip Brothers did not seize this last opportunity.

Sure enough, early the next morning, the New York Supreme Court issued an order to freeze the assets of Phillip Brothers, and Phillip Brothers officially entered the asset liquidation process.

Subsequently, Deloitte was appointed to take the lead in formulating the asset liquidation plan The liquidation team composed of the management of Dewey Lubo International Law Firm, Standard & Poor's, New York Exchange Commission, and Phillip Brothers Asset liquidation and announcement.

Then, the New York Stock Exchange temporarily delisted Phillip Brothers.

The stock price of Phillip Brothers is fixed at US$1.58 per share, and the market value is fixed at US$237 million!

When the market closed yesterday, the share price of Philip Brothers was still at $1.87 per share, but because it was determined that Philip Brothers would be liquidated today, the market opened in the morning and the stock price opened drastically. Investors who did not report a fluke were even more determined. Up.

But it is useless to give up, the stock is still no one to take over. With the temporary delisting of Philip Brothers, investors' funds are locked in half. If you want to go public again, you can only wait for Philip Brothers to become profitable again, but just think about it. Up.

The remaining half may depend on whether there is an institution willing to buy from these investors offline. As for the price, it depends on the psychological price of both buyers and sellers.

The market value of 237 million U.S. dollars is already very low. To be on the safe side, Xia Yu immediately ordered Toby Morton to dispatch.

When all eyes were on the asset liquidation of Phillip Brothers, the employees of Jiuding Securities Company secretly took the shareholder list and the prepared acquisition plan according to the group, and found the shareholders on the list.