America 1919

As Jack Morgan was discussing with George Whitney.

Paul Warburg also conveyed Donnie's intentions to Felix Warburg.

Sitting in Paul Warburg's office, Felix Warburg took a deep puff of his cigar: "Tang Fei's appetite is too big, he actually wants shares of the Warburg Company!"

Paul Warburg nodded, his expression also very serious as he said: "I think so too, but the listing of the Apollo Chain is a once-in-a-lifetime opportunity. Just based on 10% of Apollo Chain's market value comes to 20 million US Dollars, from the situation with Trident Shipyard and United Artists listing, and the market's optimism towards Venus Bank's subsidiaries, when Apollo Chain goes public, no one knows how much it can rise to!"

The market value of Apollo Chain certainly cannot be compared to that of Warburg Company.

Even if Warburg Company's market value is hindered by the decline of the Kuhn, Loeb & Co. consortium, it is still around 500 million US Dollars!

Warburg Company's market value, the situation with the market values of Kuhn, Loeb & Co. consortium's subsidiaries is somewhat like Hong Kong's Jardine and Land's relationship in later generations.

Jardine, as the parent company of Land, has long been unable to surpass its subsidiary Land in terms of market value.

This is precisely why, later when the Chinese merchants in Hong Kong were eyeing Land, they used the method of acquiring Jardine.

Because acquiring Jardine equated to controlling Land.

A very classic method of a snake swallowing a whale.

Now Warburg Company is in such a situation, although the subsidiaries' market values have not surpassed Warburg Company's, when these subsidiaries come together, their market value far exceeds Warburg Company's.

Felix Warburg said: "I just calculated, if we agree to Donnie's request, then we have to give up 4% of Warburg Company's shares!"

The Warburg brothers hold 33.5% of Warburg Company, already making them the largest shareholders.

This is actually the situation that exists for most listed companies in the United States, with some controllers even holding fewer shares of their own companies.

Take Citibank for example, everyone knows Citibank is in the hands of the Stillman Family now, but in reality, the Stillman Family's shareholding in Citibank definitely does not exceed 10%!

Felix Warburg continued: "If we dilute all shareholders' shares according to this ratio, after investing in Apollo Chain, our shares in Warburg Company will drop to 32.16%, still within a controllable range!"

Paul Warburg looked at Felix Warburg and asked: "So you mean agreeing to Donnie's exchange proposal?"

Felix Warburg thought seriously for a moment and said: "Indeed, I have this idea. Apollo Chain is the largest retail company in the United States, directly influencing the entire U.S. retail industry. Now that Donnie has already experienced the benefits of capital through Trident Shipyard and United Artists, I am convinced that Donnie will definitely not be able to withstand such a thrill in the future and is certain to sell more of the company's shares when he needs cash.

Trying to have the Warburg Family take over the New Jersey Consortium is not a matter of overnight, at least not something our generation can complete.

So we need to plan for the long term.

Now we hold 10% of Apollo Chain's shares, which may be the best point of entry in the future. As long as Zhan Ning gives Donnie a healthy child, with our support, this child can receive more of Donnie's inheritance, by that time we can use this 10% stake to collaborate internally and externally with the child, and it's not the only advantage we have!"

Paul Warburg asked: "What advantage?"

Felix Warburg laughed: "The real estate in Florida, we can't possibly hold onto these properties forever, once the land prices in Florida reach their peak, we will surely sell some, at that time even if we weather this crisis, by then Warburg Company won't lack cash.

We can use this money to buy shares of some of the New Jersey Consortium's listed subsidiaries available on the market.

This way we grow while they weaken, I even feel that during our lifetime, the Warburg Family might be able to annex the New Jersey Consortium!"

Paul Warburg smiled, clearly, Felix Warburg's words moved him.

"What if Donnie thinks the same as you do, intending to use 4% of Warburg Company's shares to slowly infiltrate Warburg Company?"

Felix Warburg said with a smile: "He has the financial strength, but the New Jersey Consortium doesn't have that influence. To acquire Warburg Company is not something Donnie can achieve, even if the White House stands by Donnie, Congress will also initiate opposition!"

This is Felix Warburg's confidence in his family's influence within the American political arena!

Paul Warburg smiled, not only was Felix Warburg confident in his family's influence in American politics, Paul Warburg was even more confident!

"Alright, it seems now our most important task is to convince the other shareholders of Warburg Company to agree with our proposal!"

.

Three days later, Paul Warburg met with Donnie.

"Dear Block, I must admit once again that you are an expert negotiator, we have agreed to your proposal!"

Donnie had anticipated that Paul Warburg would agree to his proposal, but he didn't expect them to agree so quickly!