Following the announcement by American Pacific Bank of Commerce on November 9.

Announced that the tender offer price for Express Company would be increased to US$35.

Within the market today.

American Express's stock rose from $30.5 to over $37 in one fell swoop.

The second day, November 10, and the third day, November 11, are Sundays, and global stock markets are closed.

The fourth day, November 12th.

As soon as the market opened in the morning, the price of American Express's stock exceeded $40.

On this day, Jim Walton, one of the shareholders of American Express, came to Los Angeles.

At the foot of Beverly Hills, Abel was in the business conference box of the Executive Lounge of the InterContinental Hotel where he and Ikana stayed last year.

"Sorry, Mr. Smith, we think American Express's share price is seriously undervalued, so you understand."

In the bright and simple business conference room of the InterContinental Hotel.

To the left and right of Abel, sat David Jones and Alan Baker, the two humming generals.

David always had a smile on his face, while Alan Baker looked calm.

Behind him, stood several members of the Smith Intelligence Group, as well as Abel's Four Diamonds.

Opposite Abel is Jim Walton, his own private investment company.

The person who just spoke is Jim Walton, the major shareholder who holds 1.5% of American Express shares.

"Crack!"

Abel smiled and snapped his fingers.

He reached out and took the checkbook that David handed over at the right time.

Under the scorching gazes of everyone across the way, Abel picked up the signature pen and drew circles on the cash check.

Tear--

The cash check was torn off, Abel raised the corners of his mouth, held the cash check between two fingers with a slight smile and said lightly:

"This is $750 million, at a price of $35 per share. Mr. Walton, if you agree to the deal, then this is yours."

"."

Jim Walton's eyes couldn't help but stare at the cash check trembling slightly in mid-air.

Jim suppressed the slightest impulse to agree. After all, greed took over in his heart, and he wanted more.

"Sorry." Jim Walton smiled and wanted to say something.

"You refused, right?"

The faint smile on Abel's face disappeared, and he asked again with an indifferent expression.

"Yeah, I don't think the offer right now is," Jim Walton said, trying to say at least fifty dollars.

Even when Jim entered the market, American Express's stock price was only $10 per share.

According to Abel's quotation, Jim can already earn almost US$500 million.

But people are greedy after all, and the richer people are, the more greedy they are. Jim Walton is also a human being, there are still very rich people, and his greed is certainly stronger.

Jim Walton wanted to get more. He felt that one billion dollars was enough to make Abel the richest man in the world.

But the scene that happened next made Jim Walton suddenly feel bad...

"Stab it, sting it~~"

Jim Walton and his entourage were stunned and changed their faces.

Abel took back his hand indifferently, took the cash check and tore it open in the middle.

Then he leisurely folded it in half and tore it apart again until it was torn into shreds. He spread his hands and let the pieces of paper fall on the conference table.

"I'm sorry to have wasted your time. Goodbye, Mr. Walton."

Abel stood up with a smile and raised his chin slightly.

He looked at the ugly-looking Jim Walton arrogantly and sharply, tugged on the hem of his suit, and walked directly to the temporary business conference room provided by the InterContinental Hotel.

The others followed closely, but David, who kept smiling and looked the gentlest, paused slightly.

Under Jim Walton's waiting gaze, David gathered the scraps of check paper on the table into his hands and put them into his pocket.

Then David smiled and nodded at the other party before leaving directly, looking like a gentleman.

But what he did made Jim Walton feel like his lungs were about to explode.

"Farke! Farke!"

As soon as David's men left, Jim Walton immediately began to curse.

He looked extremely ugly, and when he stood up and wanted to curse.

Dong Dong——

A few seconds later, a trader working for Jim Walton appeared at the door of the conference room with a somewhat anxious look and knocked on the door twice.

Under the gaze of the boss, I reported the report nervously and apprehensively.

"Mr. Walton, just now American Pacific Commercial Bank announced that it will not raise the general tender offer price for American Express again. The purchase price will only be 35 US dollars, not one cent more."

"After Pacific Commercial Bank announced the news, American Express's stock price fell in response. From the previous high of 41.5 US dollars per share, it has now fallen to 39.5 US dollars per share. According to data analysis, it will continue to fall."

"Peng!"

Jim Walton kicked the desk hard. It turned out that the desk at the InterContinental Hotel was too hard and heavy.

Instead of kicking, Jim was in so much pain that he couldn't help but jump on one foot, looking a little embarrassed.

"Farke! Farke!"

"Hiss~~"

Jim gasped repeatedly, the kick was too painful.

But now was not the time for physical pain. Jim Walton endured the pain and immediately ordered a subordinate.

"Call Abel Smith immediately! Tell him that I am willing to use the conditions just now to complete the deal! $750 million, just $750 million."

Jim Walton said.

The general manager of his private investment company quickly contacted Smith Think Group.

The call was easily answered, but the result made the general manager look ugly.

"What's going on?" Jim Walton, whose foot no longer hurts so much, became a little worried when he saw his face.

The general manager of the investment company said: "BOSS, Alan Baker said that your refusal just now made his boss very angry. So Abel Smith decided not to buy any more of your shares in American Express."

Jim Walton was startled, and an angry look appeared on his face: "Farke! Farke! Farke the Smith! Shetter!"

No matter how much the son of the founder of Walmart scolds him, he ultimately missed the perfect opportunity to quickly sell all his shares at once.

U.S. stock market.

American Express's stock also fell crazily, falling to around $35 before the market closed on the 12th.

At this price, it stabilizes.

Because Pacific Commercial Bank, it does exactly what it says, it can buy whatever you want under $35.

For stocks above this, it will be indifferent.

This looks a bit like the one with Sempra Energy. The difference is that this time Abel did not deliberately wait for the stock to rise sharply before taking action.

Before it got out of hand, he asked Pacific Commercial Bank to issue a notice.

Compared to the last time we united with those organizations to cut leeks, this time some unlucky ones also suffered heavy losses.

But at least it wasn't market manipulation like last time, so not many financial media came out to criticize it this time.

The next day is November 13th.

In the morning, Abel's motorcade just drove out of No. 812 North Bedford Road in Beverly Hills.

David in the passenger seat answered a phone call. After answering the phone.

David turned to look at Abel, "Boss, there is a spoiler. After the market opened in the morning, a large amount of money entered the market and began to sweep up the stock of the freight forwarding company."

Abel frowned slightly, but he wasn't too worried.

In a hostile takeover, if there is a black knight like yourself, there will also be a white knight.

The probability of a white knight appearing is too high. Whether it is an ally of American Express or a speculator hoping to make a fortune, this kind of thing cannot be prevented at all.

"Do you know who the other party is?"

"I know that the other party did not hide it. According to the information provided by the exchange, the funds came from Soros Fund Management Company."

No one needs to explain, just by hearing the name, you will know who is behind this company.
To be continued...