America 1919
Chapter 1019 - 347, Dividing Cake_2

Chapter 1019: 347, Dividing Cake_2

Although Paul Warburg had long anticipated that Donnie and the others would not accept his offer, he still felt some dissatisfaction upon hearing Andrew Mellon say this.

“What kind of price are you all proposing?”

Andrew Mellon said: “For the Warburg Family’s shares in the Warburg Company, we are willing to acquire them at a price of 2.5 US Dollars per share. As for the selling price of the Florida land, we cannot let other shareholders of the Warburg Company suffer losses, so this price must be the current land price in Florida!”

Paul Warburg thought that Donnie and the others would make an outrageous demand, but he didn’t expect them to be so brazen.

“That’s impossible!”

Paul Warburg directly opposed Andrew Mellon’s suggestion and loudly said: “Mellon, if this is your offer, there is no need for us to continue negotiations!”

Andrew Mellon said calmly: “Since you say so, Mr. Warburg, then there’s no need for us to continue, because this negotiation is what you need, not what we need!”

Paul Warburg also had his confidence: “Alright, then I also want to see how you all will defend against us in the future!”

Old Rockefeller suddenly spoke up, saying: “Warburg, don’t consider yourself so important. You are a financial expert and should know that as long as we hold the majority of the Warburg Company’s shares, we have ways to dilute your equity!”

For a major shareholder with ample funds, it’s very easy to use financial means to continually dilute the shares of minority shareholders.

This was the source of Old Rockefeller’s confidence!

Paul Warburg, unwilling to show weakness, said: “Is that so? Very well, I look forward to it. As long as you’re willing to bear the losses during this period, our Warburg Family will accompany you to the end!”

Paul Warburg now also had his own confidence: he had already determined from Donnie that Four-Sided Investment’s acquisition of the Warburg Company was not to develop the Warburg Company, but to break it apart. This meant that the longer the Warburg Company stayed in Four-Sided Investment’s hands, the greater the loss for Donnie and others.

“OK!”

At this point, Donnie stood up to mediate the situation.

“We are here today to peacefully resolve our current issues, minimizing everyone’s losses, not to quarrel!”

Then Donnie looked at Paul Warburg and said: “Mr. Warburg, you should also know that your proposal is something we can’t accept. You’ve only seen our losses during this period, but don’t forget that the land price in Florida is still rising. Just the revenue from this part of the Warburg Company can compensate for our losses.”

Paul Warburg raised an eyebrow, Donnie’s words indeed hit his weak spot.

“Regarding the purchase price of the Florida land, we are willing to make some concessions and raise part of the purchase price!”

By now, the negotiation had actually reached a stage of mutual compromise between Four-Sided Investment and the Warburg Family.

After a whole day of negotiation, both sides finally agreed on mutual terms.

The Warburg Family agreed to sell 32.16% of their 7396.8 million shares in Warburg Company to Four-Sided Investment at a price of 4.5 US Dollars per share.

From this transaction, the Warburg Family would receive 333 million US Dollars in cash.

Meanwhile, the Warburg Family would purchase a portion of the Florida land held by Warburg Company for 300 million US Dollars!

Initially, Paul Warburg had mobilized nearly 200 million US Dollars into the Florida land, and at the current price, it had grown to 600 million US Dollars. The Warburg Family’s 300 million US Dollars would actually buy 500 million US Dollars worth of land under Warburg Company’s name!

Each party had their own losses and gains!

Once this matter was settled, their negotiations were concluded.

Without any hesitation, both sides called in their legal teams and signed two transaction agreements… one was the formal agreement for the Warburg Family to sell their stake in Warburg Company, and the other was a preliminary agreement for Warburg Company to sell the Florida land, which would only become legally effective after Four-Sided Investment formally took control of Warburg Company!

After signing, the transaction was officially completed!

From this moment on, the Warburg Company officially changed hands, and one of the United States’ once top nine consortiums, the Kuhn, Loeb & Co. consortium, began its countdown to dissolution!

“How much of Warburg Company do we own now?”

After Paul Warburg and his two brothers left, Old Rockefeller asked Donnie.

“In the past two days, we’ve acquired 8.89% of Warburg Company shares. Adding the previously held shares of 7.35%, combined with the 32.16% from the Warburg Family’s current transaction, we hold a total of 48.4%!”

Donnie replied.

Upon hearing this, Andrew Mellon, Jack Morgan, and Old Rockefeller all smiled.

The remaining shares posed no challenge to them.

At this moment of impending success, Donnie and three others began to reallocate their interests!

Prior to this, as agreed among the four of them, Morgan was to obtain General Motors, Pennsylvania Railroad Company, Southern Pacific Railroad Company, and Bethlehem Steel Corporation from the Kuhn, Loeb & Co. consortium.

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