v3 Chapter 1389： Polaris consortium being targeted

"Damn Wells Fargo!"

"Damn the Polaris Consortium!"

Douglas Mather and Reginald Hannah gathered together again, and Reginald Hannah, who was relatively grumpy, scolded angrily.

Although the other people did not speak, it can be seen from their ugly faces that their mood was also very bad at this time.

The expected scene of Mellon Consortium resistance or strong counterattack did not appear.

Instead, the Mellon consortium sold their coveted company very casually.

However, it is the North Star Consortium in the west that is the only one who is in the market!

They tried their best and even took the risk of being specially targeted by the Mellon consortium to initiate an acquisition, but gave the Polaris consortium a wedding dress.

How can Douglas Mather and others not be annoyed?

The Polaris consortium slapped each of them directly.

"We have become clowns. Before we came, I received a phone call specifically to laugh at me."

Sam Eaton said with a black face.

The target he is responsible for is the National Steel Company, a company run by the Eaton family. 166

Under his efforts, although the Mellon consortium has not yet been settled, he has bought 7.4% of the shares from other shareholders, increasing his shareholding in the National Steel Company to 38.2%.

But now the Mellon Consortium has sold 34.7% of its shares to Wells Fargo Bank.

With the size of Wells Fargo Bank, the third largest bank in the United States, one bank can suspend the size of the financial company of the entire Cleveland consortium.

Want to get back equity from Wells Fargo?

It's difficult!

It's as difficult as climbing!

Anyway, Sam Eaton has no confidence.

The aggressive Wells Fargo would be fine if it doesn't point its gun at them.

"My situation is even worse!"

Kenneth Humphrey sighed, his face full of helplessness.

Amco Steel is the largest steel company. The Cleveland Consortium only holds 34.1% of the shares. Except for the Mellon Consortium, which holds 33.5%, the other pole is the Rockefeller Consortium.

The shareholders of the Rockefeller Consortium have a combined shareholding of 27.3%.

None of the shareholders on the Rockefeller Consortium side let go. They made it clear that they had received instructions from the top and wanted to be nailed to Amco Steel.

The 33.5% equity held by the Mellon Consortium has also flown away, and their acquisition plan here can be directly declared a failure.

"Now everyone discuss what to do."

"All targets in the steel sector have been robbed. We don't know how much liquidity the Mellon consortium actually has."

"I can't grab the equity of Pittsburgh National Bank at all. The Mellon family is fighting for it at any cost."

"The Mellon family originally had an absolute advantage, and now they have sufficient funds, we have no chance of success."

Douglas Mather looked sad.

At his level, he has rarely experienced failure.

I have to say that it feels like failure...it's uncomfortable.

"Forget it, we have failed." Sam Eaton sighed and tore open the scar directly, trying to make everyone accept the reality calmly.

"The Mellon Consortium, which holds ample funds, is now very aggressive. Their battle lines have shrunk and their strength has gathered a lot. We can't resist it."

"There are also the powerful Polaris consortium in the financial field to assist them. If we really want to continue, the danger is us."

"It's just that I am puzzled, what is going on inside the Mellon family?"

"I thought that Richard King Mellon had fallen, and the Mellon family had no successor, but now it seems that there are still elites with sophisticated skills in the Mellon family, and every move is not lost to Richard King. Mellon!"

Kenneth Humphrey touched his beard subconsciously and guessed: "Could it be Paul Mellon?"

"In the Mellon family, he has the most assets. After Richard King Mellon fell ill, he was also the oldest, and his right to speak must be the greatest."

Douglas Mather shook his head: "It doesn’t have to be him. Although Paul Mellon is capable, he is not a person with such a strong courage. Otherwise, it would not be the turn of Richard King Mellon to become the No. The head of three generations."

"Now the Mellon family is very decisive. Many assets say you don't want it. It's not like Paul Mellon's style at all."

"Obviously, the Mellon family wants to firmly control the four major financial cores, and even Gulf Oil has taken the initiative to sell it. Even if Richard King Mellon is here, they may not necessarily make this decision."

"Well, everyone, don't discuss the Mellon family."

"The goals we wanted, except for the Goodyear Tire & Rubber Company, have all been in the hands of the Polaris Consortium."

"Let's face these issues first."

"My opinion is that you can't give up easily!"

As soon as these words came out, the other three looked solemn.

After a while, Kenneth Humphrey questioned: "Douglas, you mean to fight the Polaris Consortium?"

Douglas Mather said without hesitation: "Yes!"

"The Polaris consortium took our prey so easily, we can't just leave it alone."

"Think about it, everyone. From the moment they took over, the Polaris Consortium has become our most direct competitor."

"They have complete control of Allegheny-Ledrum Industries and Huiling-Pittsburgh Steel Company, and we can also completely control the two steel companies."

"In Amco Steel and National Steel, there is not much difference between our strengths." 78中文网

"But there is still the question of who is leading the market. If we don't have an attitude, then the Polaris consortium will definitely get an inch and squeeze our voice and the market."

"It's better to take advantage of their unsteady footing and fight with them first, and let the Polaris consortium know how good we are."

"Even if these companies cannot be bought in the end, that will prevent the Polaris consortium from arbitrarily acting in the future."

Reginald Hannah said without hesitation: "I agree with Douglas, we really can't just let it go, we must show our attitude."

"Otherwise, our Cleveland consortium will always be the laughing stock of others."

"The newly emerging Polaris consortium is still under us. If we do not act, they will step on our heads!"

Kenneth Humphrey and Sam Eaton looked at each other and nodded in agreement.

"Then what should we do?"

Sam Eaton asked Douglas Mather on his own initiative.

"We can try to get Wells Fargo to spit out the swallowed company!"

Douglas Mather narrowed his eyes and sneered.

The three of them suddenly became energetic and looked at him with scorching eyes.

Just listen to Douglas Mather slowly saying: "Although we don't know how much money Wells Fargo actually spent, we can estimate the approximate amount!"

"Huiling-Pittsburgh Steel and Allegheny-Ledrum Industries, two companies, according to our original assessment, are both worth more than US$3 billion."

"National Steel Company is worth more than 3.5 billion U.S. dollars."

"Amco Steel Company is worth nearly 5 billion U.S. dollars. UU Reading "

"Even if the Mellon Consortium does not sell at a premium, if you want to fully take over the equity held by the Mellon Consortium, Wells Fargo needs at least 8 billion U.S. dollars!"

"At the same time, Wells Fargo has also taken over a large amount of assets from the Mellon Consortium. We conservatively estimate that these assets are worth three billion US dollars."

"So we can estimate that Wells Fargo has spent at least 11 billion U.S. dollars in funds!"

"This money occupies one-tenth of Wells Fargo Bank's bank assets!"

"Ten percent of the amount of liquidity, this ratio is extremely high, anyway, under normal circumstances, the banks of our consortium will not maintain such a high liquidity ratio."

"So can we guess that Wells Fargo's capital chain is already tight?"

At the end, Douglas Mather showed a sullen expression on his face.

The other three were all awakened.

If you think about it carefully, it's really possible!

"Yes, Douglas' analysis is likely to be the truth."

"If we make trouble for Wells Fargo, maybe Wells Fargo will have to spit out the assets we eat in our mouths."

"Even... we might reach into Wells Fargo Bank!"

Kenneth Humphrey touched his beard, the more he analyzed, the more he smiled.

"Once Wells Fargo has problems, the Polaris consortium will definitely be nervous."

"We don't know how the Rockefeller and Morgan consortium will react, but the California consortium will never miss the opportunity to attack the Polaris consortium."

"After all, the Polaris consortium has risen in California, and it has seized too much interest from the California consortium..."

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