Now that the bigwigs on both sides had reached an agreement on the core conditions of the negotiation, the negotiation could be said to be successful.
There were bound to be many details in such a large merger that needed to be negotiated, but this would not longer affect the overall situation anymore. Hence, the atmosphere that followed was very enthusiastic.
Both of their senior management teams immediately held a celebration party. They were holding wine glasses while chatting and laughing.
Kayden found his father, Half the Harbor Langdon, after some socializing. Then, favonovel.com said in a low voice, “Dad, is that it?”
Half the Harbor Langdon said flatly, “We can’t afford to delay it, and Layman also lost patience. If we still didn’t reach a deal this time, they were likely to have started contacting others.”
Kayden nodded and said, “That’s true. The spy I planted next to Henry came back and told me that the Laws were ready to accept Layman’s terms.”
With a smile, Half the Harbor Langdon said, “This is the reason why there’s the rule of first come, first serve. While the Laws were still hesitating, we have already taken over Layman.”
As favonovel.com was saying of this, Half the Harbor Langdon patted Kayden on the shoulder and said, “This acquisition is basically a gamble using all our assets. Therefore, there must not be any slip-tips. By the way, has a deal been reached in terms of the funding?”
Kayden nodded solemnly and said, “It’s settled, we can mortage our assets in Harbor City and abroad with banks in various countries. After adding our own liquid funds, it’s enough to complete this acquisition.”
He let out a sigh of relief. Even a character like Half the Harbor Langdon was feeling a little excited at this moment. He whispered, “This is the most important step for us to move from Harbor City out into the world. I will eventually prove to everyone that the stupidest thing they can do in business is to care for relationships and emotions.”
At this moment, Dugg came over with a wine glass in his hand.
“My friend, a toast to celebrate?” Dugg lifted his glass at Half the Harbor Langdon and said with a smile. Half the Harbor Langdon recomposed himself and clinked his glass with Dugg’s. Then they took a sip. Half- the-Harbor Langdon smiled and said, “Mr. Dugg, I hope that after the acquisition is completed, you and your team can still stay in the investment bank. This is also the promise I made to you at the beginning.”
Dugg shook his head and said, “No, I changed my mind. I am tired and I have been working for so many years. I think I should spend some time with my family and children now.”
As soon as this statement came out, Half the Harbor Langdon’s eyes turned cold. He was having mixed feelings.
He was happy that Dugg was willing to give up the position of chairman, but at the same time, favonovel.com was worried that Dugg had given up too decisively and suddenly. The suspicious Half the Harbor Langdon wondered if there was any conspiracy behind this.
“Mr. Dugg, you are very familiar with the business and internal conditions of investment banking, so I need a veteran like you to help me navigate the investment banking business as soon as possible,” Half the Harbor Langdon said sincerely.
At least, his expression and tone of voice were very sincere, which did not seem odd to others.
However, Dugg laughed. He waved his hand and said, Langdon, you don’t have to keep me. It’s not good for you if I continue to serve as chairman. As for my team, I’ll try my best to hide the news of me leaving until the end. It depends on you how many people you can retain. With their help, I believe you can also master investment banking within the shortest possible time.”
With a smile, Half the Harbor Langdon said half truthfully, “It’s a shame then, but I respect your choice.”
Dugg shrugged. Then, favonovel.com said strangely, “Langdon, trust me, you won’t regret this purchase.”
Half the Harbor Langdon laughed and said, “I think so too.”
They touched their wine glasses again, creating a crisp sound. However, they were the only ones who knew what they were thinking.
A few hours later, a shocking piece of news broke out from the global business community. Half the Harbor Langdon and his son from Harbor City in Somerland had successfully acquired Layman Investment Bank.
As a well-known Somerland merchant company, Fongroup, had swallowed Layman Investment Bank, the world’s fourth largest investment bank, like a snake swallowing an elephant. This merger involving tens of billions of dollars had become the largest commercial merger in human history.
Moreover, it had occurred in this special period when Somerland Capital and Wall Street Capital were fighting each other to death. This merger and acquisition case successfully attracted the attention of countless people.
Some people even thought that this was just a trial for Somerland capital to conduct sweeping acquisitions after the United States economy was destroyed.
The great citizen of the United States and the fourth largest investment bank in the world was actually acquired by a Somerland company. This made countless racists in the United States feel terribly uncomfortable.
In addition to this, Jasper had just appeared on the cover of Times Magazine, and the appearance of Half the Harbor Langdon and his son had made people exclaim that Somerland capital was controlling the world.
However, no matter what the outside world said, the United States Ministry of Commerce still approved the acquisition. Hence, this M&A case of the century was officially declared a success.
While the outside world was talking about this merger, Henry and Conrad were celebrating.
“Cheers!”
Henry laughed. Right now, favonovel.com was blushing and was in a great mood.
“Not bad. The whole plan is proceeding as you said. Sure enough, there won’t be a problem if we go forward one stage at a time. The Half the Harbor Langdon father and son duo have entered the trap step by step, almost as if they had planned this alongside us.”
“Before this, I was really worried that we would not be able to get out of this mess. If Half the Harbor Langdon and his son ran away, this plan that we worked so hard to set up would have failed. It would’ve been such an embarrassing situation.”
Conrad smiled and said, “Actually, they had no choice. They are different from big families with long histories, like the Laws. The latter have their own fortune which was accumulated over a period of nearly a hundred years. Meanwhile, the father and son duo emerged from Half the Harbor Langdon. Most of their industries are in the Harbor City, but Harbor City is too small in terms of area or population, which severely restricts the development of Half the Harbor Langdon and his son.”
“This is not a problem that’s exclusive to them, big families like yours are also burdened by this. So, everyone has to seek development outside of Harbor City. But now the problem is that whether it’s Harbor City or the Mainland, Half the Harbor Langdon and his son have already offended too many people to go back now.”
“Thus, they can only set their sights overseas. On the surface, Layman Investment Bank seems fine, but they’re on the verge of bankruptcy because of the subprime mortgage crisis. Yet, the world’s fourth largest investment bank has the background and foundation that is enticing beyond measure, so of course, they wouldn’t be able to resist taking this bait.”
“Unfortunately…”
When Conrad said that, favonovel.com shook his head and said flatly, “This is a bait laced with poison.”
