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August 2, 2008
? Bad news about the world economy is frequent. When the world is panicking, a blockbuster transaction comes from Europe:
Royal Family Fund invested 51.2 billion euros to acquire the Swiss abb Group, and obtained 64.37% of its shares, becoming its largest controlling shareholder and officially joining the board of directors.
?Because this cross-border M&A transaction involves competition in the field of automated robots, it needs to be approved by the anti-monopoly agencies of Switzerland, the European Union, the United States, Japan, China and other major economies in the world before it can be passed smoothly.
A related person from the Royal Family Fund said:
?The transaction has been approved by the Swiss side, and China, the European Union and the United States have successively welcomed the move:
?It is believed that this merger will greatly stimulate market confidence, which shows the long-term optimism of the world-renowned Wang Consortium on the future economy.
Just three days apart, August 5, 2008
After the opening of the London Financial Exchange in the morning, the Royal Family Fund publicly announced that it would raise its name to Rio Tinto and increase its shareholding to 5.1%.
It expressed strong confidence in the resilience of the European economy and is optimistic about the long-term, and will continue to invest in undervalued companies including Rio Tinto.
This move once greatly boosted market confidence and led the entire market to turn from negative to positive. This morning, Rio Tinto's stock also rose slightly by 3.2%, and the trading volume increased significantly.
However, after opening in the afternoon
Under the heavy selling pressure, the market quickly fell again, and Rio Tinto's stock also fell accordingly. The closing price rose slightly by 0.94%, and the relevant index came out of an obvious w-shape.
A $100 billion M&A case is like a fat man jumping into a swimming pool, and it¡¯s hard not to notice the high splash.
This kind of super heavy news quickly aroused great interest from the international financial circles, and it was one of the few bright colors in the storm of the subprime mortgage crisis that was overwhelming the city with dark clouds.
It's interesting to say, but it's really full of twists and turns.
Since the end of 2007, BHP Billiton has announced a $145 billion super merger plan to reintegrate the world's voice in the field of bulk resources.
Rio Tinto, which is listed in London, UK, has become the darling of the international financial circle, and relevant eye-catching hot financial reports appear in the newspapers from time to time.
? This marriage that ended without a cause can be said to be a shave. As an enthusiastic suitor, BHP Billiton can be said to be full of sincerity.
At the end of 2007, the market value of Rio Tinto was maintained at around 70 billion pounds, or about 105 billion to 108 billion US dollars.
After the announcement of the merger intention, the market value of Rio Tinto ushered in a short-term surge, up to 788 pounds. BHP Billiton offered a high premium for this, and was willing to pay a price of 145 billion US dollars to acquire the other party.
It's a pity that this is a wink for the blind.
Rio Tinto's board of directors did not give much thought to it, and flatly rejected the other party's love.
In order to resist the strong pressure of mergers and acquisitions from BHP Billiton, Rio Tinto introduced a third party, Chinalco, and invested 14 billion US dollars to purchase 9% of the shares, becoming its largest single shareholder.
The world-class mining giants will come on stage after you sing, performing a very different and exciting performance.
All kinds of
?Because of this world's financial focus, there are many variables. When the storm of the cargo crisis hits, the situation in the world will change.
? All banks and financial institutions have tightened their purse strings. BHP Billiton, which had vowed before and was bound to win, was forced to announce its abandonment of the acquisition.
As a result, Rio Tinto's stock has gone on a roller coaster ride on the k-line chart, falling from a peak of 78.8 billion pounds to the current 53 billion pounds, which is almost 40%.
The stock price was cut in half, from a white swan to an ugly duckling in an instant.
Among them, the fundamentals of Rio Tinto have not changed in any way, except for the irrational rise caused by the news of mergers and acquisitions, and the return to the original value factors after the bad news is realized.
To a large extent, it was dragged down by the general trend of the international market, resulting in an irrational decline.
Rio Tinto was troubled by the shortage of cash flow, and asked for help from the newly introduced strategic partner Chinalco, but Chinalco also had difficulties.
At the beginning of 2008, 14 billion U.S. dollars was invested, and the value of the effort was almost cut in half in just half a year.
With such a huge loss of state-owned assets, coupled with the current severe subprime mortgage financial crisis, Chinalco has also carefully tightened its purse strings
When the people who eat melons think that all this is over, who knows that the curtain has just opened, and the real boss has appeared on the stage:
?From August 5th to August 9th
Royal familyCertainly not. "
Wang Yaocheng came over and embraced Si Wanru's weak shoulders, kissed her smooth forehead lightly, turned and left the luxurious restaurant.
At this time, the Malaysian maid who was standing aside had already cleaned the floor and put away Der Spiegel.
Si Wanru looked at it suspiciously, and made a gesture with her white and jade fingers, asking the maid to bring the magazine.
The magazine has been simply cleaned, and the remaining pulp on the surface is wiped off, but the orange juice mark is still left.
Si Wanru turned to the page that Wang Yaocheng had just seen. It turned out to be the focus of the world's financial hotspots in Der Spiegel. It was a long article with in-depth analysis, and the title was:
Holding the power to control destiny, who does the Royal Family Fund like?
Well, the news media has always been relentless and swearing, the more horrifying the headline, the better, this is also the way to survive.
What is that
Subverting the three views, men will be silent when they see it, and women will cry when they see it
Si Wanru smiled lightly, revealing her graceful and noble demeanor, and continued to read without paying attention.
a moment later
Laughter resounded like silver bells in the dining room, and the whole body was shaking with laughter. Si Wanru was so amused that she couldn't bear to eat this breakfast.
The ability of financial news reports to achieve such an entertaining effect shows that the author's skill is profound and extraordinary.
(Say a few words, I¡¯m sorry to interrupt the update yesterday. This is because my family was sick. I was busy in the hospital all day yesterday and didn¡¯t come back until very late. I wanted to ask for a leave, but I didn¡¯t post more than 1000 words. If you don't go out, you can only do it. I sincerely apologize to the book friends, and resume normal updates today, uh twice a day.
Let me tell you something in advance. This book has officially entered the final stage. I want to try my best to make the ending as round as possible. It will probably be written until the first half of 2009. A new book will be released in these two days. Please support, The specific matters will be specially explained in a leaflet, thank you! ) (Remember this site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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