Silicon Valley

Chapter 97 16 Banks Collected Together

Williams Bank makes takeover bids for sixteen small U.S. banks that are about to fail.

During this time, many banks in the United States failed. In order to achieve the widest coverage, the sixteen banks selected by Williams Bank are each located in one state, without any repetition!

On September 1, representatives of sixteen banks attended the Williams Bank takeover conference.

These sixteen banks are all on the verge of collapse. Williams Bank's takeover meeting was undoubtedly the last straw for them! ! !

If you get the acquisition of Williams Bank, you will be able to live; otherwise, you will die!

Therefore, Williams Bank held this acquisition meeting, very meaningful, the purpose is to let them reduce the price of each other! ! !

Whoever has the lowest price will be bought by Williams Bank.

Sixteen banks, fierce competition!

Unbeknownst to them, however, Williams Bank's appetite is ready to swallow them all!

In the conference hall, the representatives of the sixteen banks were apprehensive, and everyone was worried about whether they could be spotted by Williams Bank. Henry supported the meeting, and said a lot at the meeting, meaning that the Bank of America was at a time of crisis and was struggling, and banks failed every day. Henry said a lot of alarmist words to frighten the representatives of the sixteen banks.

At the end, Henry announced: "Williams Bank will hold two offers. Neither offer will be a public offer, but each bank will put its own offer on paper! Today is the first offer, three days later Hold the second quotation, which is also the final quotation! Williams Bank will decide the acquisition target based on your final quotation amount!!! Please prepare the relevant materials, and Williams Bank will sign the contract on the spot!”

As soon as Henry finished speaking, everyone was in an uproar.

Henry signaled them to be quiet with his hand, and then said solemnly: "The rules are like this, those who don't want to participate can choose to give up!!!"

Everyone looked at each other in dismay, but no one chose to give up.

The Williams Bank staff then handed each of them a piece of paper and a pen.

How much should I write?

Everyone frowned and unconsciously peeked at the people around them. But other people are not fools, how can they let you see? Cover it with your hand so you can't see it.

Henry sat firmly on the Diaoyutai and smiled lightly.

After half a moment, Henry ordered the paper to be collected.

"Everyone, go back, come back in three days!" Henry said with a wave of his hand, telling them to leave.

After sixteen banks represented Williams Bank, they couldn't help but talk about it.

"It's actually divided into two quotations, and there are three days in between. This is obviously to let us know each other's quotations, and then reduce the price!"

"Yeah, you're right! But we can't be at his mercy, we have to fight with the enemy and try to raise the price!"

"Yes, we have to share the enemy and raise the price!!!"

"Well, how much did you just quote?!" one of the bank representatives asked.

"Uh..." One person laughed dryly, "Haha, I quoted a high price, 150 million US dollars!"

"Really? I reported 200 million."

"I reported 210 million."

"I reported 250 million."

"I reported $300 million!"

"..."

The person at the back said that the price was getting higher and higher, as if to prove that he had made a high offer and had no hope of being acquired by Williams Bank. So you don't need to drop the price...

The bank representative who was the first to quote the price looked very ugly, thinking, I actually quoted $120 million, and deliberately raised the price by $30 million. Originally, because of the false price, I still had a guilty conscience. But you are too shameless, and the price is getting higher and higher. Everyone is a bank of the same size, and they know the basics, pretending to be a chicken feather, can you report the price to 300 million? ! !

Come on, if you want to trick me, I will report $100 million next time! ! !

Henry took the quotations from the representatives of the sixteen banks and looked at them. The highest quotation was US$180 million, and the lowest quotation was US$90 million!

"Hehe, I don't know how much they will quote in three days..." Henry showed a meaningful smile, and immediately called an employee and said to him, "Secretly reveal the bank with the lowest quotation and the amount quoted..."

"Yes, Chairman!"

Henry took a sip of coffee, shook his head, and laughed.

The next day, a gossip came that the XYZ bank's offer was only $90 million.

The representatives of the other fifteen banks were immediately filled with righteous indignation and ran up to the bank representative to ask, "Why did you quote ninety million dollars?!"

Of course, the bank representative strongly denied: "This is a rumor, I actually quoted only 200 million! I admit that I lied in front of you before, saying that I quoted $300 million, but it was only $200 million!!!"

The people did not believe him and condemned him. The representative of the bank has the spirit of a dead pig not afraid of boiling water. Whatever you say, I won't admit it, what the hell! At the same time, he was thinking in his heart that since the 90 million price was known to them, it would definitely be uninsured, so it would be safer to quote 80 million...

On the fourth day, it was time for a second offer.

In the conference hall, there was silence, and everyone was calculating how much the other party would offer!

Henry is no nonsense, just say a few words, and let the staff give them pen and paper.

wow wow wow...

The voice of writing suddenly sounded in the quiet conference hall.

Ten minutes later, Henry took the quotation and said to everyone, "We need to discuss it before making a decision, everyone please wait!" After saying that, Henry walked out of the door and came to an office to browse the quotations of sixteen banks.

After reading it in less than a minute, Henry couldn't help laughing!

In the second quotation, the most expensive was only 100 million US dollars. Most hover between $80 million and $100 million!

Henry immediately instructed the employees to sign out the sixteen banks one by one.

Henry is Zhou Yu beating Huang Gai, one is willing to fight, the other is willing to suffer. At the current level of land, all quotations have been made. Apart from selling the bank, can you go back on it? The cards have all been revealed, so what are you going to use to negotiate with others? The bank representatives were helpless, and they could only sign the contract with a wry smile! By now, they have figured it out. Williams Bank is not about to buy a bank, but to eat them all!

Ugh……

Walking out of the gate of Williams Bank, everyone sighed! ! !

And Williams Bank acquired 16 banks in one go, but only spent a total of 1.5 billion US dollars!

The next day, Williams Bank announced: "On September 4th, Williams Bank acquired 16 banks in the United States. The 16 banks will complete the handover in the near future and will be renamed Williams Bank. In addition, We will also inject 500 million U.S. dollars into the 16 banks, so please rest assured that the vast number of depositors, Williams Bank is rich, don't worry about bankruptcy!!!" (Please do your best, vote if you have votes, and if you don't have a favorite, get it quickly! The author has established a book group: 424930141, everyone is welcome to join...)

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