StandsChairmanPaulSkinner who develops the groupto read the documentinoffice/bureau, immediatelymustto the Christmas day, variousapplications that variousbelowCorporation reported that neededhimto reply.
立拓集团的董事长保罗斯金纳正在办公室看文件,马上要到圣诞节了,下面各公司报上来的各种申请,都需要他来批复。In the normal conditionCEOcandecide, who makeshimalsoconcurCEOthisposition, andhas not been willingto release authority.
正常情况下eo就能决定,但是谁让他还身兼eo这个职位,并且还不愿放权呢。„Chairman, ourstockhas been risingfor these days.”
“董事长,这几天我们的股票一直在涨。”Skinnerlooks up the subordinate: „Isn't this good deed? Ourstocksfellthis yearmuch, nowstartsto rise again, thisis very normal.”
斯金纳抬头看着下属:“这不是好事吗?我们的股票今年跌了不少,如今开始回升,这很正常啊。”Manypeopleanalyze, the money marketsearched the bottom, shouldstart the snapping back, theirCorporationstock pricerises again, is the normal condition, thishas somethingstrangely?
许多人分析,金融市场已经探底了,该开始回弹,他们公司的股票价格回升,也属于正常情况,这有什么可奇怪的吗?„Chairman, youhave not understood what is heard, wediscoversomepeoplein the stockmarketmassivelypurchaseourCorporationstock.”
“董事长,你没听明白,我们发现有人在股市大量的收购我们公司的股票。”Un? Has the peoplequantityto purchasethemto standdevelops the Corporationstock? Whatsituation is this? Somepeopleknow that theywere discussing the cooperationwithChinathat sidealuminum businessCorporation, plannedto seize the chanceto gainone?
嗯?有人大量收购他们立拓公司的股票?这是什么情况?难道说有人知道他们正在跟华夏那边的铝业公司正在谈合作,打算趁机赚上一笔?Butthiscooperationwas still discussing, the framehas not made a final decision, has not announcedto the public. The person who Corporationknowshow manyboard member/directoralsoonlyhas, did thesepeopledisclose the newstoothers?
可这个合作还在洽谈中,框架还未敲定呢,也并没有对外公布啊。公司内部知道的人也仅有几位董事,这些人把消息透露给别人了?This is not quite good, ifwhenwithChinathat sideformal negotiation, suddenlyhas the peoplequantityto undersellthemto standdevelops the stock of group, causingtheirstock priceto fall, then the Chinaaluminum businesspays the samecash, canobtainmorestocks, like thistheymayowe.
这可不太好,要是在跟华夏那边正式谈判的时候,忽然有人大量抛售他们立拓集团的股票,导致他们股价下跌,那么华夏铝业付出同样的现金,就能得到更多的股票了,这样他们可就亏了啊。„Knows that iswho? The organization of whichcountry?”Theystanddevelopboard member/director of groupalsoto come from the differentcountries, hasBritain, Spain, Australia, Canada, and so on US, ifknows that is the organization of whichcountryis purchasingtheirstock, canhelphimnarrow scope the range of suspicion.
“知道是谁吗?哪个国家的机构?”他们立拓集团的董事也来自不同的国家,有英国的,西班牙的,澳大利亚的,加拿大的,米国的等等,如果知道是哪个国家的机构在收购他们股票,也能帮助他缩小怀疑的范围。„Investigatesaccording tous, possiblyis came from BritainandRussia.”
“根据我们调查,可能是来自英国和俄罗斯。”BritainandRussia?
英国和俄罗斯?Skinnerwas somewhat confused, Britainsaidfortunatelythatbesideshisalsotwoboard member/directoris the English. Howeverthat sideRussia, does not haveCorporationboard member/director, was the vice-president, thesepeoplejoins upactually?
斯金纳有些迷茫了,英国还好说,除了他还有两位董事是英国人。但是俄罗斯那边,并没有公司的董事啊,倒是有一位副总,难道是这些人联合起来了?Right, last yearmustwithprobablyholdwantsto purchasethemto standdevelops, thesepeoplehave expressed the support. The after news of purchasewas exploded, thesepeoplehave also leveragedmanyCorporationstocks.
没错,去年必和必托想要收购他们立拓的时候,那些人就表示过赞同。收购的消息被爆出来后,那些人还套现了不少公司的股票呢。Now the Corporationstock pricedrops sharply, theyswallowonce more, after waitingto pull, throw, cangainone, definitelyisthis.
如今公司的股票价格大跌,他们再次吃进,等拉高之后抛出去,又能赚一笔,肯定是这样。„Informs, tomorrowwill conveneBoard of Directors, will discuss the year's endmatter.”
“去通知一下,明天召开董事会,商量一下年终的事情。”Skinnerturns on the computer, looks that the Corporationstock priceis still rising, todaythisrose2%.
斯金纳打开电脑,看着公司的股票价格还在上涨,今天这又涨了2。Ifthere is the significantadvantagegoodnewsto present a time, the Corporationstock pricerises sharply10%normally. Butobviouslythis year the Corporationturnoverandprofitare reducing, does not havewhatadvantagegoodnewsto appear, the stock pricewill present such large scalerise, moreovercontinuouslyrose for severaldays?
如果有重大利好消息出现的时候,公司股票价格大涨10都正常。可是明明今年公司的营业额和利润都在减少,也没有什么利好消息出现,股价怎么会出现这么大幅度的上涨,而且还是连续上涨了好几天?Standsdevelops, althoughon the iron orewas inferior that CVRDalsohas to withprobablyhold, howeverin the aluminum businessis the worldfirst, in the copperindustryis the worldis also in the lead, whycanprobablywithprobablyhold the purchase?
立拓虽然在铁矿石上不如淡水河谷还有必和必托,但是在铝业上已经是世界第一了,铜业上也是世界领先的,凭什么就要被必和必托收购?Corporationis still making money, has not had the loss, whycansell out? Even ifsells, will not sell to probablywithprobablyabsolutelyholdthiscareerist!公司还在赚钱呢,也没有出现亏损,为什么一定要卖掉?就算是卖,也绝对不会卖给必和必托这种野心家!Last yearmustwithprobablyholdwantedto purchaseto standdevelops, ahead of timehas not hitto incur, but started to purchaseto standinstockmarketdirectlymassivelydevelops the stock of group, threemarketsalsopurchased.
去年必和必托想要收购立拓的时候,并没有提前打招唿,而是直接在股市开始大量收购立拓集团的股票,三个市场同时收购。Thistypehas not passed throughto standdevelopsCorporationBoard of Directorsto permit, forcefully the way of purchase, is calledin the profession the hostile takeoveror the maliciouspurchase.
这种没经过立拓公司董事会允许,强行收购的方式,在行业中被称为敌意收购或者恶意收购。ActuallyasCorporationCEO, opposite partyhostile takeover, hedid not oppose. Ifbecausewantsto complete the hostile takeover, mustpurchasetheirCorporationstockin the stockmarketpremium, the stock priceriseshigh, thenallshareholderswill make a profit, the CEOdutyisto letallshareholdersmakes a profit, thisdoes not conflict.
其实作为公司的eo来看,对方这种敌意收购,他并不反对。因为要想完成敌意收购,就要在股市溢价购买他们公司的股票,股票价格涨高,那么所有的股东都会获利,eo的任务就是让所有股东获利,这个并不冲突。HoweverasCorporationChairman, thishecannotagree. Oncemakes the opposite partypurchaseenoughquantity, then the stockholder's rights of opposite partywill promote, how could did this Chairmanseathold on to your hat?
但是作为公司的董事长,这点他就不能同意了。一旦让对方收购到足够的数量,那么对方的股权就会提升,他这个董事长的位子又岂能坐稳了?Moreover after hostile takeover, even iftheyagreeverticallyto develop the stock of groupto transformintomustwith the stock that musthold, but the opposite partyis the premiumpurchase, then the quickCorporationstock pricewill drop.
而且敌意收购之后,就算他们同意将立拓集团的股票转换为必和必托的股票,可是对方是溢价收购的,那么很快公司的股价就会跌落回来。
The youngshareholderhas sold out the stock, draws cash, this major stockholderobtainsgenerally is also the stocks, the shorttime was unable to sell, can only look at the stockto fallhelplessly, after hispropertyinflation, shrinks, can thisfeel better?
小股东将股票卖掉了,拿着钱走了,他这种大股东得到的一般也都是股票,短时间还无法出售,只能眼睁睁看着股票下跌,他的资产膨胀后又缩水,这能好受?Ifyoureallywantto purchase, Ok, do not paywithanystock, takes the cashdirectly. Ifyougive the cash, does not needyourpremium over 50%, complying that yourpremium20%, Ihappilydo not get.
你真要是想收购,可以,不要用什么股票来支付,直接拿现金。你要是给现金,不需要你溢价50以上,你溢价20,我就乐不得的答应了。Generally after Corporationwas purchased, the management must reorganize, the servicewill also reorganize, this Chairmanseat, definitelydid not have.
一般公司被收购之后,管理层也要进行重组,业务也会重组,他这个董事长的位子,肯定也没了。If the luckis good, but can also becomeboard member/directororCEO, the luckis not good, can only work as a shareholderat ease, the situation that thisauthorityvanishessuddenly, can heaccept?
如果运气好,还能当上个董事或者eo,运气不好,就只能当个闲散股东,这种权力忽然消失的情况,他怎么能接受?Let alonein the long run, mustwithprobablyholdthatpurchaseway, borrows necessary equipmentradically. Whatbecausemustwithprobablyhold the planto useis the financial leveragepurchase, at that timeinitial priceto170 billionUS dollars, buttheytakeactually, 10 billionUS dollars.
更何况从长远来看,必和必托那种收购方式,根本就是借鸡生蛋。因为必和必托打算使用的是杠杆收购,那时候都开价到了170000000000美元了,但是他们实际拿出来的,也就10000000000美元而已。Theydevelop the Corporationstockbystanding that will soon purchaseas the mortgage, thenloansfrombank, thisalsomakespeoplebe hardto acceptcompared with the generaloffering loanspurchase.
他们以即将收购到的立拓公司股票作为抵押,然后从银行借款,这比一般的举债收购还让人难以接受。Howeveralsoluckilyat that timeverticallydevelopedgroupto reject, otherwisehas not known that will have the bigtrouble. Because of the financial leveragepurchase, must from the bankand otherfinancial institutionloans, thentheseorganizationstransformtheseloansfor the debenture issue.
不过也幸好当时立拓集团拒绝了,否则还不知道会发生多大的麻烦呢。因为杠杆收购,必然要从银行等金融机构借款,然后那些机构又会将这些借款转化为债券发行出去。
The finalresultmustwithprobablyholdto achieve100 billionUS dollarsmatterwith10 billionUS dollars, bankand otherorganizationsobtainedhas stooddevelops the mortgagestock of groupalsoto have the loan interest, thenmakes the bondsellthesedebts, andlooksto insureotherCorporationorbankorganizationsguarantees.
最终的结果就是必和必托用10000000000美元就做到了100000000000美元的事情,银行等机构得到了立拓集团的抵押股票还有借款利息,然后将这些债务做成债券出售,并且找保险公司或者其他银行机构担保。Whohas boughtthisbond, whowill owe finally. Thisisfinancialmethod/trick that BrotherThunderManbankmostexcelled at that time, the securitization, becausemanyCorporationalsosuchoperatedto go bankrupt.
谁买了这个债券,谁最终就会亏死。这就是雷蔓兄弟银行那时候最擅长的金融手段,资产证券化,多少公司也因为这么操作而破产了。Thinksthesetimes, Skinnerwas glancing through the document the handto live.
想到这些的时候,斯金纳正在翻阅文件的手顿住了。Wait / Etc., maliciouspurchase.
等等,恶意收购。Thistime does method/trick, followonetime to withprobablyholdto purchasethemto standdevelopsmethod/trick of groupsoto resemble?
这一次的手段,怎么跟上一次必和必托收购他们立拓集团的手段如此相像?Mustwithprobablyholdto plan that againlaunched the evil intentionto purchase? These did have the Corporationshareholderto reverse tomustwithprobablyhold?
难道说,是必和必托再一次打算展开恶意收购了?这一回是否有公司的股东已经倒向了必和必托?
It is not good, thismattermustinvestigate thoroughlyimmediately, previoustimesuchmakes, letstanddevelops the Corporationstock priceto fallfinallymuch. Ifsuchcomesagainonetime, definitelyfallswill be more!
不行,这件事必须马上查清,上一次这么弄,就让立拓公司的股价最终下跌了不少。要是再这么来一次,肯定跌的会更多!
......( To be continued......)
……(未完待续……)
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