Chapter 507 506 Acquisition of ten Fortune 500 companies (1)!
Wang Guanxi was drunk looking at the 320 billion US dollars of funds.
320 billion U.S. dollars in cash, which is more than money stored in the bank, which is tens of billions of dollars in interest every year.
But he won’t exist in the bank. It still depreciates in the bank, and the stock market is still in a downturn, and the stock prices of many large companies are not very high.
Wang Guanxi intends to spend hundreds of billions of dollars to acquire the world's top 500 companies to increase his control and influence.
"Great acquisition, immediately contact the world's top 500 companies that I want to acquire!"
The next day.
The Crown Family Foundation acquired the United Bank of America from the Franklin Group.
It was founded in 1895 and is headquartered in Minneapolis, Minnesota.
Unibank has assets of 307.7 billion U.S. dollars and net assets of 29.5 billion U.S. dollars. It is now the fifth largest commercial bank in the United States.
The company has 3,106 offices and 4842 ATMs. It provides complete financial brokerage services through its subsidiaries and ATM automatic teller machines. It also provides consumers, enterprises and institutions with banking, brokerage, insurance, investment, mortgage, Trust and payment services.
Currently, United Bank of America is a Fortune 500 company, ranking 443.
Last year’s operating income was US$18 billion and net profit was US$3.2 billion.
The market value of is now 37 billion U.S. dollars, and the future market is 88 billion U.S. dollars.
The acquisition of 50% of the equity is a premium acquisition, which cost 25 billion US dollars.
A week later, Fund 1 bought Tyson Foods from Traveller Property Insurance Group.
Tyson Foods, a well-known food brand, was founded in 1935 and is headquartered in Arkansas, USA. It is one of the world's largest chicken, beef, and pork producers and suppliers.
It is also a Fortune 500 company, ranked 297 in the world, with operating income of 28.4 billion US dollars and net profit of 733 million US dollars.
Its net worth is US$5.1 billion.
Although it ranks higher than the U.S. Bank because of its high sales in the world's top 500, its current market value is 7 billion US dollars.
directly acquired 50% of the equity, including 40% from Traveler Property Insurance Group and 10% from the market, spending a total of US$5 billion.
Half a month later, Fund 1 acquired Marathon Petroleum Company from the Boston partner Global Investment Corporation.
Marathon Crude Oil Company is headquartered in Ohio. The company mainly conducts refining and sales, retail sales and pipeline transportation in the Midwestern region of the United States, the Gulf Coast and Southeast Asia.
Now the company is also one of the largest independent petroleum product refiners, distributors and transporters in the United States, and the largest east of the Mississippi River.
It ranks 144 in the world's top 500.
Its operating income is 62.5 billion U.S. dollars, but its expenses are huge, and its after-tax profit is only 600 million U.S. dollars.
Its total assets are 23.2 billion U.S. dollars, and its net assets are 8.2 billion U.S. dollars
The market value of Marathon Crude Oil Company is now US$8 billion.
Wang Guanxi directly purchased 50% of the equity, and the other party was only willing to sell the controlling rights at a premium of 1 times, and spent 8 billion US dollars.
This Marathon Crude Oil Company is another Fortune 500 company of Wang Guanxi in Ohio. Its business is mainly in the Midwest of the United States. It has a huge effect on his consortium, so he is willing to spend twice the price.
Half a month later, he bought a 15% stake in Boeing from Forward Insurance Company, and at the same time acquired a 20% stake in the market.
Boeing is an enterprise under the Citigroup, headquartered in Chicago, USA, and ranked 91st among the world's top 500 companies.
The Citi Consortium controls 35% of Boeing’s shares.
Boeing’s stock price has risen a lot because of Wang Guanxi’s purchase. The current arms giant has a market value of 33.8 billion U.S. dollars today and a future market value of more than 120 billion U.S. dollars.
This time, Wang Guanxi acquired 30% of the equity, spending a total of 12 billion US dollars.
In the past, Wang Guanxi’s arms company, Sikorsky Aircraft Company, was operated together with the Citi Consortium. Now Wang Guanxi has also asked for a joint operation of Boeing with the Citi Consortium. Wang Guanxi wants to arrange his own personnel in the arms giant of Boeing.
Retired generals, or people who are related to military industry.
The Citigroup agreed to Wang Guanxi’s request. At the same time, the Citigroup has long held 20% of the Macy’s, but they are all Class A shares, and also owns 20% of the Marathon Crude Oil Company. The Citigroup hopes to jointly operate Messi. Department stores and Marathon Crude Oil Company.
Wang Guanxi also agreed.
The Citigroup arranged for directors to enter the Macy’s and Marathon Crude Oil Company, and Wang Guanxi also arranged for the horses to enter the Boeing Company.
After completing the acquisition of 30% of Boeing’s equity, Wang Guanxi acquired a 35% equity of Target from Southwest Financial Group and another 50% equity of other financial institutions.
It is the second largest retail department store group in the United States after Wal-Mart, and it is also a constituent stock of the US Standard & Poor's 500 Index.
Headquartered in Minneapolis, Minnesota, the same as United Bank of America.
There are more than 280,000 employees.
Last year's revenue was US$67.3 billion and net profit was US$2.9 billion.
Total assets are 43.7 billion U.S. dollars and net assets are 15.4 billion U.S. dollars.
The current market value is 18.6 billion U.S. dollars, and the future market value will exceed 120 billion U.S. dollars.
Wang Guanxi’s acquisition of 50% of the equity was a premium acquisition, which cost US$11 billion.
After the acquisition of Target Corporation of America, it still can’t stop.
Within two days, Wang Guanxi acquired 40% of Costco's equity from Fidelity Investment Group and also acquired 10% of the equity in the financial market.
Costco is the third largest retailer in the United States and the ninth largest retailer in the world.
Headquarters are established in Seattle, Washington.
Costco is the founder of the membership-based warehouse wholesale club. Since its establishment, it has been committed to providing members with high- quality branded products at the lowest possible price.
Its operating income last year was 88.9 billion U.S. dollars, and its net profit was 1.46 billion U.S. dollars.
Net assets are US$12 billion.
The current market value is 28.7 billion U.S. dollars, and the future market value will exceed 200 billion U.S. dollars.
ranked 79th among the top 500 in the world.
Wang Guanxi’s acquisition of 50% of the equity is also a premium acquisition, which cost $18 billion.
One week later, Wang Guanxi launched the acquisition again.
Acquired 30% of Kroger's shares from Invesco Investment Management Company this time, and 20% of the shares from the market.
Kroger was founded in 1883 and is headquartered in Cincinnati, Ohio. It has 449,000 full-time employees and is one of the largest supermarket chain operators in the United States.
Last year’s turnover was US$82 billion and net profit was US$1.17 billion.
And its total assets are 23.5 billion U.S. dollars and net assets are 5.3 billion U.S. dollars.
The current market value is 7.58 billion U.S. dollars, and the future market value will exceed 34 billion U.S. dollars.
The ranking is 70 among the top 500 in the world.
Wang Guanxi’s acquisition of 50% of its shares was a premium acquisition, which cost US$5 billion.
(End of this chapter)