Chapter 406: Hostile Takeover Meets White Knight(1/2)
$2 billion.
It costs $5 billion to buy it.
Apart from Abel himself being really rich, he always feels that Chevron Oil Company, a well-established Rockefeller-related company.
It's impossible to be cheaper for yourself so easily.
They are indeed only worth $2 billion. But this is the value of the company's assets. The problem is that in addition to its inherent value, a company also has personnel problems!
Abel noticed.
From David Adams' document, although California United Oil has declined to this point, it still has at least about 8,000 to 12,000 old employees.
This is definitely a wealth.
The oil industry is different from other industries. If there is a shortage of staff and needs staff, other industries can be recruited from society.
However, except for college students who have just graduated, the oil industry has probably only been dug from other oil companies.
The value of these more than 10,000 old employees is not counted as the 2 billion US dollars. If it is just a shell and the name of this brand is added, 5 billion US dollars is indeed a bit expensive.
However, about 10,000 old employees are still old employees who are very affectionate about the California United Petroleum brand. The value of these people cannot be measured by money.
For example.
If Abel bought this shell but had no corresponding personnel, then who would have to work in the refinery he bought? Who would have to operate the oil company he bought?
Poaching people from other companies?
Just do some calculations.
For 10,000 people, the cost of each person being poached from other companies is at least no less than 50,000 US dollars. This is a cost of 1 billion US dollars, and you must give a higher reward than when the other party was in the other party's company in the future.
This is another hidden cost.
The combined cost of these two is estimated to exceed US$3 billion in five years.
Chevron Oil's operations are also very sensible... It has basically almost completely abandoned all kinds of assets of California United Petroleum, but it just dares not fire these old employees of California United Petroleum.
Provide jobs to these people.
It was originally written in the contract. So, in addition to about 2,000 people, these people were also working in the original California Joint Oil Company.
The remaining 7,000 to 8,000 people, all worked for Chevron Oil Company or other oil companies under the name of California United Oil Extradition.
Some people were even thrown to gas stations to be gas workers.
This is exactly why California United Oil was annexed by Chevron and has been struggling to be independent for so many years.
Too crooked.
Chevron Oil Company can't afford these people, and their own companies are now a little saturated. They can only support these people at the lowest standards in the industry. They dare not fire them, and they are unwilling to raise a bunch of ungrateful wolves.
I believe that Abel is willing to take over.
They should be happy.
An old employee with about 10,000 people, a total asset of about 2 billion, plus the brand of California United Petroleum, a century-old company.
The overall value may not exceed US$5 billion, and it will have a value of at least about 3 to 4 billion.
But considering that this is something like Rockefeller, Abel has a grudge against the other party, and if he wants to win, he must pay more.
Having said so much.
The most important thing is that mission is the Smoke of Destiny. With the reward guarantee for this mission, not to mention 5 billion US dollars... He is willing to take out 10 billion US dollars!
This is why he said some people are stupid and have too much money.
Actually, this is not bad.
If the whole world thinks that others are stupid and have too much money, they will probably be willing to cheat on their money.
At that time, I don’t know who cheated on anyone.
This impression is the best in the United States of America. This is the most outstanding person. He has always given people the impression of being a fool, but he still sits firmly in the position of president.
And although he was criticized by elite groups and media, his approval ratings among the lower class and middle class in the United States have always been ridiculously high.
Some people say that it is very unreliable and is definitely not a qualified politician. Because a qualified politician cannot fully fulfill his promises before he comes to power after he takes office.
Whether it is very reliable or not, it can be done or not.
After becoming president, almost everything this guy did was the Haikou he boasted about when he was running for president.
at this point.
It is the reason why he loves those white people in the lower class and white people in the middle class. Because this person is not a Virgin at all, and he is a pole spirit!
Even a very unreliable and stupid image can become president.
Abel is now preparing to add some factors that make people stupid and have a lot of money to his image.
This is also a consideration.
If he has such a label, he will definitely have an advantage over others if he wants to buy something.
Because everyone thinks he is rich and is willing to pay. When selling things, they will naturally think of him first.
This is a benefit for him who has a shallow foundation, especially now that he is targeted by Rockefeller.
David Adams was leaving.
Abel gave him the most important explanation.
"5 billion US dollars is 5 billion US dollars! But remember clearly, dear David! I noticed that California United Petroleum has about 10,000 old employees. The 5 billion US dollars must include contracts for these people! I need these people to work for me!"
David Adams smiled.
"This should be fine! Chevron Oil's approach is really..."
"I believe everyone should be happy!"
"Haha! Go and tell them! After coming from there, as long as I bought California United Petroleum! The entire California United Petroleum, mainly an old employee of the previous era of Yunick, will increase each person by 20% in terms of current treatment!"
Abel said "generously".
Why is this generosity put in double quotes? Because as far as Abel knows, the salary of old California United Petroleum employees is the lowest among the entire Chevron Petroleum Group.
It is precisely because of this.
When California United Petroleum was sold to Chevron Oil, their employees were close to 30,000. However, in the past decade, a small number of them have been eaten by Chevron Oil.
Most of the remaining ones were because they could not stand the double-standard treatment of Chevron Oil Company, and eventually left in anger, leaving only about 10,000 people.
On this salary basis.
The increase of 20%, at most, is the same as the salary and benefits of most people in the industry today.
Thinking about it.
Abel thought this was not reliable.
Another sentence was added: "If you are really a technical backbone, for example, David, I am willing to increase my treatment by 50%!"
According to the 50% standard.
It can be considered a high treatment in the industry.
"no problem!"
David Adams laughed.
"For the sake of your willingness to raise our salary! From today on, you will be my boss!"
"uh-huh……"
David Adams left with a smile.
He left for a while.
Alvertley and Rana came to the door.
And brought a little less good news.
"Victoria's parent company knows we want a malicious acquisition?!"
This is the news they brought.
On tonight.
Limited Brands, the parent company of Victoria's Secret, suddenly sought help from the White Knight.
The so-called White Knight is when a company becomes the target of mergers and acquisitions of other companies (usually malicious acquisitions), the company's management will look for a "friendly" company to merge in order to prevent the occurrence of malicious takeover.
And this "friendly" company is called "White Knight".
Generally speaking, the acquisition of "White Knight" supported by management is very likely to be successful, and with the support of institutional investors, the company's managers can even become "White Knight" themselves and implement management acquisitions.
"How many shares do we have now?" Abel asked in contemplation.
"So far, the specific figure is 18.9%! The total cost is $1.447 billion!"
"not bad……"
To be continued...