v3 Chapter 1386： Prepare for large-scale takeover

[网] The most powerful hero of rebirth "Leonard, in fact, which companies should be abandoned, which companies should be retained, it seems very complicated, after all, the Mellon consortium owns too many companies and equity."

"But in fact, it's very simple. Divide the assets into several levels and you know how to deal with them."

After Xia Yu smiled and finished speaking, the brothers Leonard and Woodlow refreshed and looked at him with scorching eyes.

"Is it divided according to core assets, backbone assets and investment assets?"

The younger Woodlow couldn't help asking.

Xia Yu shook his head and said, "It is not just this conventional method of distinction. In this special period, stability is required, and it must be considered for the next few years."

"So we have to combine health assets, risk assets, and serious non-performing assets to classify."

"Of course, there is another prerequisite, that is, the value and financial investment assets must be taken out separately and not included in these three levels."

This is more meaningful, and Xia Yu is not in a hurry, just waiting quietly for Leonard and Woodlow to sort out their ideas.

a long time.

The older Leonard gradually figured it out.

He frowned and asked Xia Yu: "You mean, if a core asset is a non-performing asset or a risk asset, it should be given up?"

Xia Yu grinned and gave Leonard an admiring look: "Yes, that's what it means."

After getting the affirmative answer, Leonard's brows wrinkled deeper.

Xia Yu knew why he was entangled, so he whispered: "Leonard, you have to know that the times are changing. Any industry has a cycle. It cannot always be a sunrise industry. If you do not seek change, it will only Being dragged down brings risks to the entire consortium."

"Of course, some industries do not belong to the sunset industry, but the types of companies under the Mellon Consortium have poor operating conditions. If you can't see good results in the short term, you can choose to give up. This is not a pity. Self-preservation is more important."

"For you now, you don't have so much time to get those risky assets or bad assets back to health!"

Upon hearing Xia Yu's words, one company after another came up in the minds of Leonard and Woodlow.

These companies are in line with Xia Yu's opinion.

Such as Gulf Oil Company, Chester's Pennsylvania Shipyard, Philadelphia's Philadelphia Naval Shipyard, Amco Steel Company, National Steel Company, Huiling-Pittsburgh Steel Company, Allegheny-Ledrum Industries, etc. Etc., these core companies belong to the ranks of risky assets or non-performing assets, but they are all core companies of the consortium.

The original net profit margin of Gulf Oil Company was extremely low, only a few percent. Now the international crude oil price plummeted in the second half of the year, which will bring a series of bad effects to Gulf Oil Company. It is basically certain that it will lose money this year and next year. Up.

Pennsylvania Shipyard and Philadelphia Naval Shipyard, although ranked tenth and fifteenth in the U.S. shipbuilding field, respectively. Both military and civilian use are involved, but the civilian shipbuilding field has been losing money, and military ship orders are not so easy to grab. .

Once the Mellon consortium weakens, it will be difficult for these two shipyards to win orders from the Navy. The huge employee compensation will cause the two major shipyards to lose money or even go bankrupt in a short time, so these two shipyards must be included in risk assets. And bad assets.

The four major steel companies are even more so. Although they are the core companies of the consortium, the U.S. manufacturing industry is sluggish, and the nation’s steel production capacity is overcapacity. These years have been on the verge of loss.

…

"If you really want to move these core companies, the family's opinions will be very big."

Leonard said bitterly.

Xia Yu smiled: "It depends on how you persuade the family members and test their ability to distinguish right from wrong."

Leonard and Woodlow looked at each other and said helplessly, "It can only be done like this."

"It's just that there is another critical issue."

"If you really want to deal with it this way, the sum of the risky assets and non-performing assets, as well as the value and financial investment assets, is very large, and it is difficult to find a buyer in a short time."

"And now in this special period, even if there are buyers, they will desperately lower prices, and our losses will be great."

Xia Yu didn't hide it, and said straightforwardly: "If you really list all these assets, you can show me first. I can buy the next part according to the situation, or I can buy it with other friends to help the Mellon family."

"The price will definitely not be deliberately lowered, and will be based on the actual price. I can guarantee that."

As soon as Xia Yu’s voice fell, Sandy, who had been quiet, said to his older brother Leonard and younger brother Woodlow: “If these asset families give up and deal with it this way, it should be the best choice for the family. After all, we are all one family."

Sandy’s statement is the same as that written in his father Richard King Mellon’s letter. Leonard and Woodlow certainly support it. It’s better to be bought by the enemy if the fertilizer doesn’t flow into the field.

These assets are in the hands of Xia Yu or his friends. When the Mellon Consortium companies want to cooperate, the difficulty will be very low.

"We definitely don't have any objections, and if the family discusses it, I will bring it up." Leonard nodded his head and asked another question.

"By the way, Xia Yu, I have another question. If these assets are cleared, how can I use the funds to achieve the greatest effect?"

"For example, our family funds and consortium-level funds, how should we best use them?"

This question is related to the core handling strategy of this crisis.

After Xia Yu pondered for a long time, he said to the two of them: "In fact, if there is enough time, a cross-shareholding structure like the six major consortiums of the island nation is very suitable, but now the enemy will not give us so much time."

"So I recommend making full use of the financial platform."

"The Mellon family’s own funds withdrawn from circulation have made every effort to increase their holdings in Mellon Financial Corporation, Bank of New York, National Bank of Pittsburgh and General Reinsurance Company. They are also willing to purchase at a premium or inject capital into the company through private placement. "

"As long as the four major financial platforms are firmly controlled, the amount of funds that can be called will be huge."

"The assets held by these four major financial platforms can be dealt with according to the previously mentioned strategy, and after the funds are withdrawn, they can increase their holdings of the company's equity that they want to retain."

"As long as there are no problems with these four financial companies, then this crisis can be passed smoothly, and there will be time later to slowly reorganize the structure."

"Of course, from then on, the voice of the Mellon family and the entire consortium will also gather in the hands of the heads of these four major financial companies."

Leonard and Woodlow looked at each other subconsciously, and a series of thoughts popped up in their minds.

"Xia Yu, thank you!"

"I know what to do, please wait for our news then."

Leonard solemnly thanked Xia Yu.

"No thanks, we are a family." Xia Yu waved his hand and said with a faint smile.

After that, Leonard and Woodlow hurriedly left.

"Husband, thank you." Sandi said gratefully, leaning against Xia Yu's arms.

"Sandy, this is what I should do. Don't worry, this crisis will pass. Your mentality will be more sunny, you know?"

"For you, and for our children." Xia Yu said softly.

"Yeah, I will." Sandy tapped her head obediently.

…

After taking a walk with Sandy in the garden, the two went to the hospital to visit Old Mellon.

Afterwards, Xia Yu took some time and gave instructions to Huo Jianning who was staying in Xiangjiang through a secret channel.

Order various regional consortia and companies to mobilize funds, especially Polaris Capital, to make every effort to be ready to attack the Cleveland consortium at any time.

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