Chapter 396 (1/2)
Henry himself designed the mini version of ”robot fool” shape, as for the rest to the company to do. In fact, Henry doesn't know whether this mini ”robot fool” will sell well. After all, it's like a remote-controlled car, and the price is certainly not cheap. I'm afraid it's hard for ordinary people to afford it except for the rich.
When Henry got home, he paid attention to the financial news. Not long ago, Wells Fargo hostile acquisition of California's competitor, the first intercontinental banking group, making assets double, bank assets reached $96 billion, market value reached $17 billion! Henry suddenly recalled that the original acquisition was completed in 1995-1996, probably because Henry also set up a bank in California, which produced the butterfly effect and delayed the acquisition!
Wells Fargo Bank is a legendary bank. There is a terrible record in the commercial history: since its establishment in 1852, it has gone through several wars, political disturbances and financial crises. However, in the nearly 150 years of history of Wells Fargo Bank, there has not been any operating loss. In 2008-2011, it even completed the merger and acquisition of Wachovia. According to the data of the New York Stock Exchange on March 31, 2012, Wells Fargo's market value has reached $180 billion, which is the first bank in the United States!
Even Warren Buffett, the stock god, is a major shareholder of Wells Fargo Bank. During the financial crisis, he even used his personal account to increase his position and bought a large number of Wells Fargo shares. This 9.11 incident, Buffett bought a large number of Wells Fargo shares!
Henry did not feel excited when he looked at it. Obviously, Wells Fargo has great potential for development. Just imagine, it's a legend to be able to avoid losses for 150 years! And every time a financial crisis breaks out, it can go against it and become a big winner in the financial crisis. If you have such a bank that only makes money but does not lose money, how can you be short of money?
Henry just has more than 300 billion US dollars on hand. It's a small idea to buy Wells Fargo!
Then, Henry made a request to Wells Fargo for a wholly-owned acquisition of $20 billion.
After receiving the news, the other party held the general meeting of shareholders the next day. At the meeting, a large part agreed, but Warren Buffett, the stock god, firmly opposed it.
”Shareholders, since its establishment, Wells Fargo has never suffered a loss. Its development is very stable and its profit is increasing every year. We can safely conclude that in three years' time, the value of Wells Fargo will be far more than 20 billion US dollars!!! I strongly disagree with Henry Williams' acquisition of Wells Fargo Bank! ” Buffett looked around and said.
Warren Buffett has unique insight and is famous in the investment field! Otherwise, why is it called ”stock god”? As soon as his words were finished, everyone agreed.
That afternoon, Henry heard that the acquisition had been rejected. At the same time, he also found out that it was Warren Buffett who blocked it.
Henry frowned and murmured, ”I don't believe other shareholders don't care... I'll add another billion dollars!”
Henry asked people to quote the latest price to Wells Fargo immediately, but he refused.
Henry didn't feel angry. ”Well, I can't blame my hostile takeover!”
Wells Fargo has a history of 150 years, with high stock circulation and easy to absorb in the market. Wells Fargo's major shareholder and Mr. Buffett's stake add up to less than 30%.
Within a few days, the trading volume of Wells Fargo increased greatly, which immediately attracted the attention of many people.
In the conference room of Wells Fargo headquarters, Mr. Buffett said in a deep voice: ”this is Henry Williams. He is going to take over Wells Fargo maliciously. We must take action. We can't wait to die and let him take shares from the stock market. Otherwise, the company will become him sooner or later.”