Chapter 1007 - 343. Shocking acquisition news_2
Chapter 1007: 343. Shocking acquisition news_2
“Honestly, Mellon, Morgan, Rockefeller making a move surprised me, but Block taking action was truly shocking. Wasn’t there always talk about the close cooperation between the Kuhn, Loeb & Co. consortium and the New Jersey Consortium?”
“Business is like war; no matter how close the cooperation, wouldn’t it be more worthwhile to take control of the Kuhn, Loeb & Co. consortium oneself?”
“That’s true indeed!”
“By the way, what do you think about this acquisition?”
“While Warburg Company hasn’t made any statements, I won’t be selling my Warburg Company shares!”
The person who said this clearly believed that the competition between the parties would drive Warburg Company’s stock prices higher!
“I don’t think so; the price of 3 US Dollars per share, although below the asset value of the Kuhn, Loeb & Co. consortium, is fitting given Warburg Company’s stock price has been declining over the years. Plus, from the information I’ve gathered, the Warburg brothers have nearly drained the cash from the Kuhn, Loeb & Co. consortium. They don’t have the funds to compete with Four-Sided Investment, and as you’ve observed, Four-Sided Investment only needs to acquire more than 50% of Kuhn, Loeb & Co. consortium’s shares. If we’re slow, who knows when such an opportunity might arise again!”
Some believe the competition would lift Warburg Company’s stock price, while others think it best to play it safe.
Nonetheless, a price of 3 US Dollars per share is very appealing for those who have held Warburg Company stock long-term without profit.