"I didn't expect Merrill Lynch to be acquired, but it was a low-priced sale."

Merrill Lynch Securities was sold at a low price to Bank of America Holdings.

Wang Guanxi smiled and said, "Yes, this market is unpredictable. If there are unexpected situations in the world, what should be done is still the end."

In order to survive the current storm that has swept the American financial world, Merrill Lynch, a 94-year-old company, agreed to sell itself to Bank of America for about $44 billion.

The transaction reached after 48 hours of intense negotiations has instantly reshaped the US banking industry structure, making Bank of America a financial giant even bigger, and established one of the world's largest banks!

Speaking of Bank of America, I have to say a person's name, Bank of America CEO Kenneth Lewis!

Under his push, the bank has already conducted dozens of mergers and acquisitions of varying sizes, including the acquisition of the troubled mortgage company Country Finance Group earlier this year.

After the acquisition of Merrill Lynch, the Bank of America will control the largest team of stockbrokers in the United States and a respected investment bank.

The merger of the two will create a banking giant with a wide range of business, covering almost all aspects of the financial field, including credit cards, auto loans, bond and stock underwriting, mergers and acquisitions consulting and asset management.

Wu Zhankun spoke: "Lewis always likes to buy the biggest things he can. This time he won Merrill Lynch, he is the overlord of the financial field!"

Wang Guanxi smiled and said: "It's true"

The acquisition of Merrill Lynch Securities will help Bank of America strengthen its global strength, including in emerging markets such as India.

In addition, Merrill Lynch Securities also has strong strength in underwriting business, which allowed Bank of America to take off completely. However, after Lewis acquired Merrill Lynch Securities, his mission was completed. He was fired and he would be sued in the future. It cost tens of millions of dollars to settle the lawsuit.

At this time, Wang Juehao said: "Boss, it is rumored that Aig is developing a survival plan, which includes selling some of its most valuable assets, increasing the scale of financing and likely seeking help from the Federal Reserve. I don't know if this Aig will eventually go bankrupt?"

AGM rejected the infusion of a consortium of private capital operations companies led by j.c. flowers & co. last weekend because the consortium would actually acquire a controlling stake in the company under an option attached to the infusion proposal.

But the board of directors of ASI Group refused to inject capital, and the company's newly appointed chairman and CEO Robert Villamstad made an important decision to seek help from the Federal Reserve.

The assets that ASI Group plans to sell include its domestic automotive and annuity business units, while the company is seeking to sell its aircraft leasing subsidiary International Leasing Finance.

aig is also considering transferring assets under its regulatory insurance business to holding companies, which will help holding companies cope with cash or collateral demand!

American International Group has a history of 89 years and its business scope covers almost all corners of the world. In particular, it also has two giant insurance companies, including American and Asian Insurance and AIA Insurance, which can bring continuous profits to Aig Group.

Wang Juehao felt that this American International Group might not go bankrupt and had a chance to save it.

Bai Weiqiang also said: "It may be too late for Aig Group to sell its assets. If the Federal Reserve and the US government do not take any measures to rescue it, Aig Group may also go bankrupt, following the footsteps of Lehman Brothers."

Wang Guanxi smiled and said, "It makes sense. We will always hold short orders of aig Group this time."

At this time, Huang Shaokai also said: "I don't know what the Indians will lose this time, and will they call us to negotiate with us, haha."

"Maybe it will"

Speaking of Indians, the phone rang immediately, and it turned out that it was an Indian.

This is a call from Sandep Batra, president of the Asia-Pacific of India's Industrial Credit Investment Bank.

After Huang Shaokai opened the connection, he asked arrogantly: "Batra, what's wrong?"

On the phone, Sandep Batra corresponds to Huang Shaokai's disrespect for him and is so angry that this Chinese dares to disrespect him. What is it!

He is one of the heirs of the Indian Batra family, with a noble status and a group of Chinese people in Yuangao Black Shirt Insurance Company!

But now he is here to negotiate, so he suppressed his anger and said, "Mr. Huang, my dear friend, I called this time for..."

He directly talked about his future intentions and suggested that everyone close their positions, which is good for everyone, and the settlement price is US$100.00.

"Batra, I want to think about it." Huang Shaokai responded coldly and hung up the phone.

At this time, Wang Guanxi said: "Let the Indians settle the settlement at a price of 50 US dollars per share. If they are willing, we will complete the transaction. After closing the position, we will re-set up according to the agreed price."

"Yes, boss" Huang Shaokai quickly called back the Indians and wanted to settle the settlement at a price of $50 per share.

Sandep Batra, Nehru and Ratan Tata were suddenly angry. These Chinese people were so greedy that they were just fooling them!

The price of $100 per share will be cut by 50%, it’s such a bastard!

The three of them naturally disagreed, so the agreement could not be reached.

Sandep Batra cursed: "What are these shameless Chinese people? I will deal with them if I have the chance."

Nehru also scolded: "They are humiliating us, deliberately saying that the price is so low."

"Bastard, he looked down on us and deliberately humiliated me!" Ratan Tata was furious and smashed the tea cup hard!

Damn, these Chinese must be mocking themselves on the other end of the computer, which made Ratan Tata's self-esteem trampled.

Based on the exchange rate of Indian rupee in September 2008, it was a unimaginable loss.

USD:Rublic

1:47

1.82 billion US dollars, that is 8,555 million rupees.

Rs 8555 crore!

"We continue to wait. The stock price of aig Group should not fall anymore, which makes these Chinese people regret it!"

··

At this moment, Meisheng Group and Bill Miller looked at the support of Aig Group's stock price at 100.00, and there were many selling orders in the market, and the bulls could no longer bear it. So he spoke to his assistant: "We are slowly selling 4 million shares."

Currently, Meisheng Group still holds 14 million shares of Aig Group, and he plans to sell another 4 million shares and leave 10 million shares.

"Yes, Mr. Miller" assistant immediately went to give the order.

Time is slowly losing, and at this time, under the sale of Meisheng Group, its stock price continued to fall!

$90 per share!

··

$80 per share!

··

It fell to $70.00 per share!

The losses of the three Indian institutions continue to increase!

Indian Industrial Trust Investment Bank lost $530 million.

India's private pension has suffered a floating loss of US$530 million.

Tata Consortium lost $2.015 billion.

To count it to $3.075 billion.

After calculating the exchange rate between the US dollar and the rupee, it is 14,450 crore rupees!

Sandep Batra, Nehru and Ratan Tata are in a collapse in their hearts and pray that Aig Group's stock price will not continue to fall.

"Are these damn Chinese still shorting?"

"Son of a bitch!"

"Grass!"

"Ah!!!!" Ratan Tata was furious and lifted the stool directly, jumped up, and smashed it hard on the ground!

Bang!

The stool is broken and full of mess!
Chapter completed!