America 1919

Chapter 1022: 348. Kuhn, Loeb & Co. consortium changes ownership_2



No matter how these rumors circulate, there's one thing everyone is more focused on!

And that is the aftermath of this event!

Four-Sided Investment acquired Warburg Company, thereby controlling the entire Kuhn, Loeb & Co. consortium, so what will Four-Sided Investment do next?

Ordinary people think that Four-Sided Investment acquired Warburg Company to manage the company well, develop Kuhn, Loeb & Co. consortium, and revive one of the nine major consortia in the United States that is on the decline, and return it to its peak.

However, the elites of Wall Street have a different idea, as they understand the essence of capital better.

The essence of capital is to create greater profit through a transaction!

For the four major banks behind Four-Sided Investment, the greatest profit lies in splitting up the Kuhn, Loeb & Co. consortium, selling off the companies under it, especially to the four major banks, which would bring them even greater returns.

"From now on, there's no longer the concept of nine major consortia in the United States, only eight!"

A seasoned Wall Street broker gave such an answer.

But regardless of any analysis, everyone knows that after today, it will no longer be possible for anyone to sell Warburg Company stock to Four-Sided Investment at the current stock price!

Moody Aiden, who didn't go to work all morning, came home with an exhausted body and a smile of relief.

"Finally sold!"

Moody Aiden collapsed on the sofa.

Mrs. Aiden, upon hearing this news, also breathed a long sigh of relief.

In the afternoon, Four-Sided Investment and Warburg Company issued a statement through ABC, announcing they had completed the acquisition of Warburg Company, now holding 51.25% of the company's shares, officially ending the acquisition of Warburg Company stock, and also submitted a statement to the NYSE, applying to resume the listing of Warburg Company!

This news brought joy to some and sorrow to others.

The happy ones are those who sold their Warburg Company stock in the morning; the sad ones are naturally those who didn't sell!

Some who didn't sell even proposed sitting in at the four major banks in protest, demanding they continue the acquisition.

It indeed swayed a few people.

However, the people at the four major companies paid no attention to such matters!

After the acquisition was completed, Four-Sided Investment had more pressing matters to attend to, leaving no time to deal with these people!

The next day, as the NYSE opened, Warburg Company's stock price once again stimulated these people.

The opening price of Warburg Company was 5.5 US Dollars, and then it continuously declined, dropping to 3.8 US Dollars by the time the market closed!

Jack Fei Jackson, as the president of Four-Sided Investment, convened the first board meeting after Four-Sided Investment assumed control of Warburg Company!

At the meeting, Jack Fei Jackson mentioned the deal with the Woburg Family.

Only then did others understand why Paul Warburg would sell his Warburg Company shares to Four-Sided Investment.

It turns out they had reached such a deal!

Some shareholder directors objected to the deal, considering that Florida real estate is a very successful investment; currently, the land prices in Florida are rising, showing no signs of decline.

Under such circumstances, they disagreed with selling Warburg Company's Florida real estate to the Woburg Family's New Woburg Company!

But in the situation where Four-Sided Investment held absolute control over Warburg Company, these opposing voices had no impact!

At this time, the vast majority of Warburg Company shareholders only regretted not having sold their shares to Four-Sided Investment earlier!

This news quickly spread!

Of course, it also caused a huge sensation.

The "Wall Street Journal" called this transaction Paul Warburg's godlike maneuver!

"Paul Warburg purchased Florida real estate worth 500 million US Dollars with 300 million US Dollars, which itself is a praiseworthy deal. Most importantly, the real estate market in Florida is currently thriving. Numerous real estate and financial experts have analyzed that the real estate market in Florida is still in its infancy, meaning these Florida properties valued at 500 million US Dollars may become 1 billion or 1.5 billion US Dollar assets in the future.

Moreover, the Woburg Family can entirely leverage these funds to establish a new consortium comparable to the current Kuhn, Loeb & Co. consortium!

Prior to this, we were all speculating why the Woburg Family would give up the Kuhn, Loeb & Co. consortium, but now we have the answer!

Additionally, according to information obtained by this newspaper, Mr. Paul Warburg has now headed to Miami to establish a new bank there, demonstrating that Mr. Warburg has created a new miracle for the Woburg Family in a transaction that was viewed by many as a failure for the family!"

Following the "Wall Street Journal" report.

The image of Paul Warburg as a previous failure immediately underwent a dramatic transformation, with numerous newspapers following suit, starting to fervently praise Paul Warburg.

Meanwhile, this news brought about another impact!

That is, during this period, Florida's land prices experienced a minor surge!


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