Chapter 468: Guessing the Intentions (I have posted the first 4000 words, and am writing the second one)
!? !? !? !?
As soon as Robert Capito said this, everyone was shocked!
BlackRock's President supports Tong Yongshan to join the BlackRock board of directors! ?
How is that possible?
Not to mention others, even Huang Xiang and Lu Xuechang were shocked.
They were already surprised when Robert Capito agreed to the acquisition price of $1.5 billion in cash and $1.5 billion in stock.
For acquisitions like this, valuations are not made on a whim. There are formulas and conventions for the valuation and premium range.
According to the prevailing valuation model in the investment industry, the current value of 404 would not exceed 500 million Malaysian dollars. Even considering the advanced nature of the Woking system, 1 billion Malaysian dollars has indeed entered the premium range.
For example, when MSCI acquired RiskMetrics, it eventually successfully built the Barra model, which is even more powerful than Aladdin in identifying risk factors, and it only spent a total of 1.5 billion Malaysian dollars.
RiskMetrics was founded by Dennis Weatherstone, Chairman of JPMorgan Chase, and MSCI paid a very high premium when it acquired RiskMetrics.
Furthermore, 404 is a Dazhou company, and it's a fact that Dazhou companies have consistently been valued lower in international financial markets than similarly sized Maiguo companies. Of course, this is due to issues of investor confidence in the market, investor structure, liquidity, and index inclusion.
Therefore, the initial acquisition price of $1.5 billion proposed by BlackRock was indeed not low for a startup company that was established less than a year ago.
But if it really is this price, the trio themselves feel that they are losing out.
We now have the most advanced AI quantitative trading system in the world. Under the premise of high price-earnings returns, we can reach this number in less than two years, even if we follow the valuation of Da Zhou Enterprise.
Even if a more powerful quantitative trading system emerges in the future, how do you know we won't make progress in the past two years? Is it true that the technological gap between us and other companies has widened instead of narrowed?
It has to be sold, this is what Fang Yu and a few others have already agreed on, but they are obviously not willing to sell it for only 1 billion yuan.
Although according to the drawer agreement behind the scenes, each of them can only get 10% in the end, but the base is large, not only does each person get more, it is also equivalent to them raising the price through their own efforts, so it is more justified to take the money, isn't it?
Fifteen billion in cash plus fifteen billion in stock is an exorbitant price in itself. Their psychological price is around two billion dollars. The other high prices are just conditions for concessions in order to obtain a BlackRock director qualification.
But I didn’t expect Robert Capito to agree without much bargaining?
That adds up to three billion!
It is more than 3 billion. If you want to buy 1.5 billion dollars of BlackRock shares in the secondary market, it will cost more than 1.5 billion dollars, and the period of building a position will be calculated in months or even years.
If it is said that BlackRock's huge assets and its desire for the Woking system make Robert Capito want to cut the Gordian knot and complete the deal with a high premium, it is understandable.
The promise to facilitate Tong Yongshan's joining the board of directors was a completely unexpected one.
A man of Robert Capito's stature might be deliberately misleading or vague, but he would never make such a lowly false promise.
As long as he said this, it means that he is quite confident and will really push this matter forward!
For a moment, everyone at the table had different expressions.
Xia Maer looked at Robert Capito and Jiang Nanzhen, his eyes rolling around, and he sensitively discovered a hint of unusualness in Capito's eyes when he looked at Jiang Nanzhen.
The people of Bharat are somewhat gifted in this regard.
George Osborne tightened his lips. Although he was smiling, there was a hint of vigilance in his eyes when he looked at Tong Yongshan.
He doesn't care whether Tong Yongshan can join or not, nor does he care whether he can become a director of BlackRock. Even though the UK is now on the decline, a former chancellor of the exchequer like him would not rush to become a director of a commercial company.
The problem was that he had already submitted his appointment to BlackRock's board to the Commercial Appointments Advisory Committee for approval.
As a former Chancellor of the Exchequer, any remuneration or position he receives from any company after leaving office requires investigation and approval by the Business Appointments Advisory Committee.
Of course, this kind of investigation and approval is often just a formality, and the final result is basically "XXX did not make any policies or decisions that had XX impact on XXX during his tenure as Minister of XX, so we agree to his appointment as XXX."
That is, after the Alcatraz and Newport incidents, BlackRock, which was plagued by negative news, had less influence than before, which added a lot of variables to the approval of this appointment.
It would be fine if the Business Appointments Advisory Committee rejected the appointment, but if it approved it and nothing happened, he would become a laughing stock in the Anglo-American political arena.
"In addition to Barbara's retirement next year, Slim has confirmed his departure from the board of directors as part of our strategic realignment in Mexico."
Robert Capito saw the change in George Osborne's expression and immediately realized his concern. His eyes flashed slightly, and he explained briefly with a faint and relaxed smile.
"Shareholder representatives hope to add a scholar with a professional academic background to the board of directors, and Professor Tong is the perfect fit to fill this vacancy."
After hearing Robert Capito's explanation, the vigilance in George Osborne's eyes instantly disappeared. He smiled with eight teeth and raised his glass to Tong Yongshan: "Congratulations, Tong, you deserve it. I'm happy to have more exchanges with you in the future like I did a few years ago."
Tong Yongshan waved his hands in panic, not knowing how to react for a moment.
Robert Capito laughed when he saw this, thinking that this boy was indeed a nerd.
Nerds are great.
Even if it joins the board of directors, it will not affect our control over BlackRock. On the contrary, it will prevent Charles Robbins, the chairman of Cisco nominated by PNC, from joining the board of directors, thereby weakening PNC's influence on BlackRock.
Just for this point, Larry, who has always sought greater control over the board of directors, could not object!
Moreover, Tong Yongshan is the initiator of the Woking system. It is natural to include Tong Yongshan in the board of directors in the name of accelerating the AIization of the Aladdin system.
Most importantly, Tong is Jane's teacher. With her own efforts, Tong joining the board of directors will definitely be a good thing for Jane.
Jane should be touched after doing so much, right?
No, no, no, I didn't do this to impress her. This kind of thought is too blasphemous to my love for her.
I just want you to be happier...
Robert Capito felt his heart was as soft as the clouds in the sky.
When your heart softens, your expression will naturally soften as well. When his expression softens, their intentions are aligned, and the atmosphere at the table will naturally become more cheerful.
Once he was happy, Robert Capito couldn't help but drink a few more glasses.
The red wine brought by these guys from Si Ling Si is really good. Does Da Zhou also have such good red wine?
Robert Capito was a very good drinker. He drank till the glass was empty and his eyes became brighter as he drank. Except that he was a little more excited than usual, he was the same as usual.
While the third brother Shamar was trying to liven up the atmosphere, he was secretly observing the conditions of Jiang Nanzhen and Robert Capito, but found that there seemed to be nothing unusual about the two.
Could it be that it was just my illusion?
It’s no wonder that the third brother Shamal is worthy of being a Brahmin. He is very good at observing people’s words and expressions and livening up the atmosphere.
"Ohohoh, Dis dish is vaili-vaili Dasdy!"
Originally he did not have much of a Bharat accent, but in front of everyone, he deliberately changed into a rather stereotypical curry accent, which often made everyone laugh.
Moreover, he did not shrink from the possibility of surviving the disaster as a danger, but instead saw it as an opportunity, a chance to make a deep impression in front of these senior officials.
It is said that the people of Barat are only good at talking, but their scheming spirit alone is beyond the reach of ordinary people from the Great Zhou Dynasty.
Led by the excellent atmosphere created by Shamal, after dinner and separation from the people from 404, everyone returned to the hotel and even went to the top floor bar of the Ritz-Carlton for a few more drinks. Robert Capito even came down to dance a few times.
Xia Maer, who had livened up the atmosphere in the bar, picked up a linen napkin, wiped the sweat from his head, and habitually glanced at Jiang Nanzhen and Capito who were tap dancing, and his eyes couldn't help but fixed.
Robert Capito was clearly dancing with Linda, but his body involuntarily moved closer to Jiang Nanzhen and George Osborne. When they reached a certain distance, Robert Capito obviously paused, then deliberately kept a distance, but then he couldn't help but get closer again.
On the contrary, Jiang Nanzhen, apart from looking more attractive after drinking, did not show any special expression towards Robert Capito.
The president likes this Jane!
And it’s a secret crush!
I see.
No wonder the president of such a project would come out to negotiate in person!
Sandeep Sharma's eyes sparkled with excitement at discovering the secrets of the upper class.
What can this secret bring to you?
Sandeep Sharma’s mind was spinning rapidly and his eyes were flickering.
I heard the Compliance Department was investigating Jonathan a few days ago. If...
Jonathan Blum is the executive director of alternative investment operations at BlackRock in San Francisco. He is Sandeep Sharma's direct boss, but his rank is more than one level higher than Sandeep Sharma. He was also Goldstein's confidant.
"Ha~ah~" After the song ended, Jiang Nanzhen yawned. Capito, who had been secretly paying attention to Jiang Nanzhen, saw that Jiang Nanzhen looked tired and clapped his hands actively.
"Well, it's late, let's call it a day, George, what do you think?"
Capito leaned over to ask George Osborne's opinion.
George Osborne naturally had no objection, and the others accompanied him because they saw that he was in high spirits, so naturally they would not have any objection either.
When getting on the elevator, Sandip Sharma took a special look and found that Jiang Nanzhen's room seemed to be only one floor away from Robert Capito's.
After everyone else got off the elevator, Robert Capito and Jiang Nanzhen were the only ones left in the elevator.
"Ding~" The elevator arrival bell rang. Jiang Nanzhen walked to the elevator door and smiled at Robert Capito: "Good night, Robert."
Robert Capito stretched out his hand, as if wanting to hold Jiang Nanzhen, but when he saw Jiang Nanzhen's slight surprise, he awkwardly changed his gesture to waving goodbye.
"Good night... Jane."
Only after the elevator door closed again did Robert Capito squeeze out these few words from his throat.
——
The three people had just sent Tong Yongshan home. As soon as they walked out of the gate of Jinyue Peninsula community, they got out of the Buick GL8 and went to the side of the road to get some fresh air to calm their inner excitement.
"Crap! Crap! Crap! Three billion! Three billion dollars!"
As soon as Lu Xuechang got out of the car, after having a few drinks, he flushed and waved his fists towards the sky. Huang Xiang and Luo Ziming also couldn't hide their excitement.
All three of them had flushed faces and were very excited, but Luo Ziming was not only excited, but also seemed a little proud.
Even if it is divided among several people, with each person only having 200 million Mai Yuan, that is still 1.3 billion Da Zhou coins!
1.3 billion Da Zhou coins, what does that mean?
If all of them were 100-denomination banknotes, that would be 13 million pieces, weighing 15 tons, and if piled together, it would be more than 15 cubic meters!
If you go to a strong bank, you will find that the daily cash reserves of banknotes at general bank branches do not exceed 5 million, and most small branches do not even have 2 million. You will need to rob more than 300 branches!
If it is put into Alipay and WeChat, the balance will be 13 followed by 10 zeros!
The other two zeros are after the decimal point.
Those with special fetishes can use this money to exchange for countless zeros.
They don't have to work hard to spend it all within a month, and there is no snail chasing them forever.
Even though they had gradually adapted to the life of the rich in recent days, the three of them still couldn't help but breathe heavily.
"Hey, Lao Luo, Lao Fang didn't say that Tong Yuan should be a director of BlackRock. It's not appropriate for you to act on your own, right?" Huang Xiang frowned excitedly and said a little worriedly.
Lu Xuechang also frowned: "Old Huang, you haven't told Lao Fang about the results of today's negotiations?"
Huang Xiang shook his head: "I sent him a WeChat message, but he hasn't replied yet. Fuck!"
Although Fang Yu told him to let them handle it themselves, he was still a little uncomfortable with people making decisions on their own without first confirming with Fang Yu.
Luo Ziming chuckled: "Old Huang, let me show you what this is."
After saying that, Luo Ziming took out his mobile phone, unlocked it, opened WeChat, and handed it to Huang Xiang.
Huang Xiang and Lu Xuechang took the phone with a little confusion, and the phone interface showed a private chat between Luo Ziming and Fang Yu.
Ocean Camel: Become a director of a children's academy?
My dish: [Thumbs up]
Then he posted an emoticon package saying "He is worthy of being my son".
Looking at the sending time, it was 4:30 in the afternoon, and the three people had not yet set out to return to school to pick up Tong Yongshan.
"How did you guess that Lao Fang wanted to be a director of Tongyuan? He never mentioned it to us."
Lu Xuechang was puzzled as he held Luo Ziming's cell phone.
Luo Ziming chuckled: "This is fucking talent!"
Haha, when I was in Miami, I felt that there was something wrong with Senior Sister Jiang joining BlackRock. This woman is 100% Lao Fang's person. No matter how important she is, Lao Fang would never let her join BlackRock.
Since she joined, she must have other purposes.
(End of this chapter)
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