Chapter 219 The capital battlefield full of gunpowder(2/3)
[Sempra Energy is a West Coast energy giant with a market capitalization of US$16.6 billion, providing nearly one-third of the electricity and more than a quarter of the natural gas in many areas of California, with more than 20 million customers]
【.There is no doubt that the fiercest first battle in the stock market this year is about to begin.】
Under the wonderful words of the Fox host.
Many ordinary Americans don't pay attention to this kind of thing.
Because one of the acquirers is Abel Smith, and the host said this.
Many ordinary Americans began to pay attention to this news.
More people are paying attention, including other newspapers and TV stations.
In order to compete for sales and ratings, to compete for eyeballs.
Naturally, they quickly followed suit.
The next day, the largest newspaper in the United States, the Wall Street Journal, which had previously initiated the second wave of the "Smith Storm", also came to an end.
The Wall Street Journal analyzed this transaction from a more professional financial perspective and from a Wall Street perspective.
A reporter from this daily newspaper opined in the article.
Sempra Energy is a very low-key company.
It had never made any news before this year.
It has never been outstanding, because its performance has been stable all year round, its scale has not declined or developed, it has not been paid attention to by securities analysts, it has been ignored, and it has not attracted the interest of investors.
But since November last year, the stock price has been rising.
The original market value fluctuated around US$13 billion.
In just four months, the stock price has soared 38% and is about to break through the 17 billion mark.
Obviously at that time, it was time for Abel Smith to start making arrangements in advance.
The Wall Street Journal is gone.
Naturally, financial experts from major media outlets couldn't hold it any longer.
They began to research the company comprehensively.
This made them realize that even if the stock price rose so much.
Sampla's current market value is still far behind its net assets.
For example, Sempra Energy's market share in California is actually about the same as that of another California company, Pacific Electric.
But California Pacific Electric's market value is as high as $25 billion.
And Sempra Energy holds a large number of offshore oil exploration rights.
These ocean exploration rights will be fine if oil is not found.
$17 billion will never be the true value of Sampra Energy if oil is found.
In addition, Sangpra Energy is also actively exploring overseas markets.
Especially in South America, we have signed technology transfer and sales contracts with companies in Argentina, Paraguay, Uruguay, Brazil and other countries.
In addition, Sangpra Energy has also signed long-term affordable natural gas contracts with several companies in Mao Xiong.
It was signed two years ago.
Two years ago, the Mao Xiong exchange rate collapsed and the sovereign foreign debt defaulted, which was their most difficult time.
That was also a time when global natural prices were low.
This allowed Sempra Energy to sign contracts with very low natural gas prices at the time.
The low price of natural gas means that for a company that provides electricity, the cost is lower than others.
Such a low-key and under-appreciated listed company was suddenly targeted by the "Financial Moses" this year.
It was Abel Smith who was the first company to announce a general takeover bid.
This means he values this company very much.
This means that the current market value of Sempra Energy is not in line with its true value at all.
The most authoritative local newspaper in California, the Los Angeles Times, also commented:
[Abel Smith, chairman of Ales Energy, arrived in California on March 28.]
[With his arrival, more threatening actions will inevitably be taken against Sampla Energy.]
[Whether he can bring Sampura Energy under his control, all the local financial authorities on the West Coast have given a positive judgment.]
The New York Times is also paying attention, and they even sent people to interview leading figures related to Sampra Energy.
[Mr. Zixiu Martin, chairman of the board of directors of Sampra Energy, said that he is not afraid of any hostile takeover and has contacted major banks and is always ready to counterattack the ‘invasion’ of Ales Energy.]
[This newspaper also conducted an exclusive interview with another founding family of Sampla Energy.]
[According to Mr. Musk Taylor, Chairman of the Taylor Charitable Foundation Board of Directors, Zixiu Martin broke his promise first, and the Taylor family’s sale of shares is not a betrayal!]
All the major newspapers showed up.
Of course, financial magazines will not fail either.
"Fortune" magazine, as a media for the American elite, also participated in the reporting of Sampla energy news.
But Fortune magazine only mentioned Abel's acquisition of Sempra Energy.
In the following content, as a front-page headline, they actually no longer mentioned the recent heated acquisition battle of Sampra Energy.
But consider Abel Smith and Warren Buffett.
With American Express CEO Kenneth Chenault.
The photos of the three people were hung on the headlines in a triangle shape, and arrows for a three-party game were also drawn.
[Are Smith and Buffett acting in concert?]
"Person acting in concert" is a term used in business transactions, acquisitions, especially in the stock market.
Generally speaking, it refers to several people who cooperate secretly according to formal or informal agreements and tacit understandings, and achieve the acquisition of a listed company through any party.
All stock exchanges around the world are strictly guarding against persons acting in concert when it comes to the acquisition of a certain listed company.
Securities regulatory commissions in various countries do not even investigate written agreements when handling such lawsuits.
As long as the fact of concerted action is determined, the acquisition will be rejected.
All concerted actions are covert actions.
Two or more parties are eyeing a listed company.
In order to take the controlling stake by surprise.
They will introduce a visible acquirer to fight the listed company openly.
The remaining partners are fighting secretly, waiting for them to complete absolute control, and then suddenly attack the listed company.
This kind of attack has already established the victory, and the listed companies have no chance of comeback.
Precisely because the harm is so great, all China Securities Regulatory Commission's restrictions on "persons acting in concert" are extremely strict, and they only look at the facts and not the agreement.
Fortune's speculation that Abel and Buffett are acting in concert is not groundless. They analyzed:
[As we all know, Warren has always been very optimistic about American Express Bank. Because American Express Bank is the only service company among the stocks included in the Dow Jones Industrial Data.]
[Buffett has been increasing his holdings of American Express Bank shares since a long time ago.]
[But recently, we have noticed that Smith Capital and Pacific Commercial Bank have become the actual largest shareholders of American Express Bank]
[After this, Warren Buffett also suddenly began to increase his holdings of American Express Bank shares]
[Before this newspaper issued this news, both parties already held 36% of American Express shares]
[No matter who sells the stock to another person, the other person must be able to control American Express. This is very similar to the standard of "persons acting in concert"]
【Therefore this newspaper.】
This material in "Fortune" is poking holes.
A little carelessness may lead to "Fortune" itself falling into crisis.
That's Buffett and Smith, plus Soros.
The three people have been exaggerated into the three major oligarchs on Wall Street.
At the risk of offending two of the three oligarchs, Time Warner, the company behind Fortune magazine, still allowed it to be published.
What is a media giant doing to get involved in this kind of thing?
Two reasons.
One is that Abel is also a media giant and a catfish in the American media industry, which has made the entire American media industry panic.
Already a competitor.
There's certainly nothing good to say about competitors.
To be continued...