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Chapter 695 [Blitz War](2/2)

By March 18, Barings Bank’s shareholding ratio had risen to 34.4%

In other words, in less than 20 days, Barings Bank acquired a large number of shares in the Gucci Group for US$1.4 billion, and the process was so smooth that the Gucci Group did not react at all.

This scene made Lin Zuhui somewhat familiar. Can Wanke Bao from his previous life fight?

........

Italy, Gucci headquarters.

President Ferrinder convened an emergency high-level meeting to discuss Barings Bank’s hostile acquisition of Gucci.

"What's going on with you? The stock price has skyrocketed in a short period of time, and there's no reaction at all. How ridiculous is that?" Ferrinder scolded a group of people.

A senior executive defended: "Bahrain Bank moved too quickly. When we reacted, they had already reached 34.4% of the shares. This is a very rare situation."

Everyone agreed with this view. The acquisition of Barings Bank was so rapid that it raised the stock price to more than 100% in a short period of time without wavering at all.

This chapter is not over yet, please click on the next page to continue reading! Of course, this is also the consequence of the long-term low price of Gucci stock.

Seeing that everyone was like this, Ferrinder felt helpless. As the president of Gucci, he had not discovered this phenomenon and could not escape it.

"Bahrain Bank stopped acquiring 34.4%. It seems that it was afraid of touching the full acquisition line, or the superiors came to negotiate with us. In this case, let us tell you, what do you think of Barings Bank, a new investment banking giant?

idea?"

"They want to control Gucci with 34.4%, which is delusional! Since they are worried about reaching the full acquisition line, we insist on letting them fully acquire it."

Generally speaking, you can control the company by holding 34.4% of the shares, which is basically the case all over the world; but there are also many special circumstances, that is, the board of directors and management are unanimously opposed, which is naturally impossible.

A senior executive tentatively said: "What if Barings Bank really wants to fully acquire the Gucci brand? You know, they only ambitiously acquired Hilton worth nearly 20 billion US dollars last year, and the price of the entire Gucci acquisition is expected to be

Behind the US$8 billion Barings Bank is the world’s richest man, a legendary figure with a net worth of tens of billions of US dollars, and a giant in the capital market.”

Everyone suddenly became serious!

"We have two methods: first, let Barings Bank fully acquire it. If the price is really about 8 billion US dollars, I believe shareholders will be very willing to take action; second, introduce white knights to resist Barings Bank's attack."



"Yes, these two options are currently the most realistic!"

Ferrinder thought for a moment and said: "Then let's wait for Barings Bank to come to us and see what they mean first!"

Barings Bank’s blitzkrieg has shocked many business people around the world. After all, unlike its acquisition of Hilton, Barings Bank is making a hostile acquisition of Gucci. More importantly, in just 20 days, Barings Bank acquired Gucci for US$1.4 billion.

At the price, it became the controlling shareholder of Barings Bank, accounting for 34.4% of the shares.
Chapter completed!
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