Extraordinary Genius

Chapter 1868: The Mining Industry First

Kirilenko then arrived in London, signed an acquisition agreement with Skinner, chairman of the Lito Group, and held a press conference.

At the same time, it was announced that the shares of the Litao Group might be temporarily delisted and that it would not be considered for re-listing until the company's business had been consolidated.

In fact, Kirilenko doesn't want to be listed in Australia. The financial markets over there are too weak to compare to New York and London, or even to emerging markets like Huaxia and Russia.

Listing a company's shares in two places reduces stock market risk and increases the influence of the company, but there is no need to list in three places, especially in Australia, a less developed market.

Besides, now that the market value of stocks is lower than the real value, it is time to close the market, repurchase stocks, and when the business consolidation is complete, the company's profits will inevitably rise somewhat.

In the future, if the company's funds or their funds are in difficulty, it would be better to sell a little more stock, not necessarily have to be listed to raise funds, and they do not really intend to make a large cash hedge.

After the Polar Bear Mining Group signed an acquisition agreement with the Lito Group, the industry was vibrated. Many people who don't know the truth yell about the deal black ~ curtain, why did Bito and Bito bid $170 billion last year, Lituo Group doesn't sell, now the total price of more than $140 billion sells?

In fact, it was well understood that Bing He Bing Too had bid $150 billion at the stock price, and then the premium was increased again, but it was a leveraged acquisition method, and many were offset by Bing He Bing Too's stock, and Bing He Bing Too's stock price fell 40 percent faster than when it was higher.

The same is true of the Lito Group, where the share price ratio fell considerably, clearly exceeding the real value, and was somewhat vague.

If the acquisition had been accepted, the shareholders of the Little Group would have received less than half of the cash, and the rest would have been must-have stocks, and the value of those shares had fallen, measuring that the real money they could have received could have been around $130 billion, which is not yet high.

Not to mention, they've been operating for over a year with tens of billions of dollars in turnover and tens of billions of dollars in profits, all of which dividend shareholders.

Forbes focuses on the news, saying that it benefits the industry and, of course, deliberately avoids harm to other businesses.

For example, the Litao Group used to be one of the three major mining giants, although it was only third in ranking. But when the acquisition was completed, Polar Bear Mining Group jumped to the top of the three mining giants.

Everyone is still tripod, but before I was the weakest Dongwu, now I am the strongest North Wei, status change.

In the past, Li Tuo Group's voice in the industry was not particularly important, but once incorporated under Polar Bear Mining Group, Polar Bear Mining Group's voice would increase significantly.

Although the freshwater valley cannot be contested on iron ore, the status of aluminum, gold, nickel and copper has risen dramatically. And then working with the aluminum industry in Huaxia, that's the strongest sound in the aluminum industry.

Bi He Bituo will still work with Polar Bear Mining Group. Above the iron ore, it is no worse than the Freshwater Valley, and even other minerals can become the world's most important party giant.

But none of this, Forbes, just said how well Polar Bear Mining Group protects its employees and how fortunate they are to be in Opposite Tower Group.

There's no way. Who's going to make Polar Bear Mining the only big mining enterprise that hasn't seen a worker die?

This excites all Li-To Group employees, who have no resistance to a change of boss, but rather have a welcoming attitude.

Especially they heard that Feng Yu's subsidiaries, welfare treatment is first class good, this polar bear mining group, heard that the big shareholders are also Feng Yu Holding Group, isn't that Feng Yu?

……

At the board meeting in Freshwater Valley, some of the directors were bowing their heads and smoking cigars. They thought they could get in touch with a few small mining companies and get a look at the takeover of Li Tuo Group and mix it up with yellow.

They know, of course, that such a takeover would never succeed. Together, the mines of Lituo Group have a value of one grade. If they split up, they will lose one grade immediately, and more people will have a voice.

And Li Tuo Group would not be willing to talk to so many companies at the same time, so long as one or two of them didn't, the whole thing would be seriously affected.

More than half sold. What about the other half? Become a small mining company and continue to operate? It's also very hard, but they don't make much money in a year, and the value goes down. Why do they suffer?

But Freshwater Valley thought this would affect the judgment of Little Group, which would certainly come to talk to Polar Bear Mining Group at their quote, and those shareholders would ask the board to do the same.

They ended up offering 50 percent premium, and the Polar Bear Mining Group took 30 percent premium. And in fact, Polar Bear Mining Group has already acquired some of the shares of Lituo Group, and the ultimate combined premium is less than 30%!

“What do you think of the Polar Bear Mining Group? Next, should we get in touch with Polar Bear Mining Group and seek some cooperation? ”

“No, no. Why are we working together? We are in the iron ore business, we occupy more than a third of the world's iron ore deposits, which is what we are supposed to do, but the Polar Bear Mining Group should come to us on its own to talk about cooperation.” Having heard the directors, directors have retained the pride they once had in the world's first mining group.

“But did you ever think that if the acquisition succeeded, Polar Bear Mining Group would be the largest mining company in the world, both in terms of turnover and profit, outnumbering us and becoming the number one in the industry? Doesn't it surprise you that this time there was no obstruction from Bito? ”

“With the highest market value and the number one turnover in the industry, iron ore is the world's largest metal deposits in demand, surpassing other metals such as copper, we don't have to compromise! I think Bito and Bito are definitely trying to get through the blockade at the top, which is to make it impossible to get past the gates of organizations like the European Union. ”

“Is there another possibility that Polar Bear Mining Group has entered into a private agreement with Bi He Bito, for example, their mining coalition? ”

The other directors were shocked, and the chairman said this could be horrible. If Polar Bear Mining Group joins forces with Bi He Bi Too to set up a joint venture or something, it will be able to call them boards on iron ore, and their status in the Freshwater Valley will definitely change sharply!

Is it no wonder that Bituo and Bituo ended up not stopping and no longer bidding because both parties wanted to set up a joint venture? In this way, Polar Bear Mining Group, the industry's first mining enterprise's throne, can no longer be shaken!

Is there nothing they can do but watch each other do big and strong in the Freshwater Valley? No, you can buy iron ore companies, we can buy other mines, the industry's number one throne, not necessarily yours!

……