Chapter 385 (2/2)

There were many concrete manifestations of the great changes in the world economic order in the 1970s, such as the marked increase in malicious acquisitions in the past two years.

What is malicious takeover? To put it bluntly, it is to tear off the usual warm veil and grab it. The more intense the resistance of the board of directors of the target company, the more wonderful the scene will be.

In fact, Gao Xian himself also made malicious acquisitions, such as the acquisition of a milk company that triggered several wars. Zhou Xinian, chairman of the board of directors of the milk company at that time, didn't want to hand over control at all, and was finally forcibly expelled.

However, although the acquisition war of milk companies involving Gao Xian, Zhou Xinian and Jardine is wonderful within the scope of Xiangjiang, it is not enough to expand to the world.

First of all, in previous years, the system of Xiangjiang securities industry was very imperfect. It was not too much to say that it was full of loopholes, and then there were all kinds of incredible phenomena. Only the competing milk companies did not suspend trading, and let the stock price roll up, it was enough to make the peers in the United States laugh.

Secondly, although the scale of the acquisition war of milk companies is enough to boast within the scope of Xiangjiang, it is nothing compared with the malicious acquisition in the United States.

Moreover, the operators of malicious acquisitions in the United States are big players such as Morgan Stanley and Goldman Sachs. Xiangjiang's peers can only be regarded as younger brothers.

In this surging tide of malicious acquisitions, the most prominent are Morgan Stanley and Goldman Sachs. The former acts as the thugs of the initiators of malicious acquisitions and is called ”knight in black”, while the latter correspondingly becomes ”White Knight” to help malicious acquisition targets resist malicious acquisitions.

As for Goldman Sachs' anti hostile takeover means, it is not unpredictable. It is mainly to help the target company maliciously acquired to attract a third-party company with a higher quotation, so as to protect the interests of shareholders of the target company maliciously acquired. If the other party's bid is not satisfactory, it will really have to fight to the end until one party surrenders

Obviously, only in terms of malicious acquisition, Morgan Stanley has made money, and Goldman Sachs's risk evaluation will be better, whether it is hypocrisy or to make money.

To be honest, in this capital game, Gao Xian can't get the role of the protagonist. The reason is obvious. Almost all the companies that can be involved in the malicious acquisition war are not small families. They are arrogant and confident. Even Wall Street landlords such as Goldman Sachs want to be good people, they have to pay repeated visits.

However, Gao Xian can not be the protagonist, but can also be a supporting role.

The occurrence of malicious takeover is often accompanied by a substantial rise in the share price of the target of malicious takeover. As long as we seize the opportunity and buy in advance, we will make a steady profit without losing.

Furthermore, according to the regulations of the securities and Exchange Commission of the United States, when the proportion of shares traded reaches 5%, it must be reported. Under this bar, Gaoxian can make a lot of money quietly.

In the hostile takeover battle that took place the year before last, that is, in 1974, targeting the electric storage battery company, the world's largest battery manufacturer, Morgan Stanley was forced to raise its offer from $20 to $4 billion. While making a high profit, Morgan Stanley also figured out some relevant experiences.

On this basis, Gao Xian speculates that an oil company headquartered in Dallas, Texas is likely to be the target of the next malicious acquisition.

This time, if Gao Xian wants to play bigger, he has to exceed the 5% bar to attract the attention of outsiders.

The reason is simple and rough. Winning respect is inseparable from doing!