Rebirth 1980: Marrying my sister’s best friend at the beginning

Li Yi, who was in London, didn't know that his wife had already thought of looking for a husband for thousands of miles. At this time, he was making the final stranglehold on the Sheffield company.

The fermentation of public opinion quickly attracted the attention of British officials. In view of the importance of the Sheffield Railway Company, the officials immediately stated that they would conduct an in-depth investigation into the matter and return the truth to the public.

Soon, people from the government sent documents to Sheffield Company to assist in the investigation, requesting their full cooperation.

This matter is nothing short of a bolt from the blue for Sheffield Steel and the shareholders behind the company, and it is even worse for the company's current crisis.

As we all know, these large groups and companies are the most unable to withstand investigations. I don’t know how many bad things will be uncovered in this investigation!
More importantly, the company and those shareholders originally wanted to use extraordinary measures to force Li Yi to give up the position.

But as the official people were dismissed, they suddenly stopped and gave up this idea.

Some things can only be discussed in secret, but cannot be discussed openly, let alone official interference.

If the authorities were to target him because of this matter, the consequences would be disastrous.

The company's executives and shareholders can understand this logic, and so can the shareholders and investors. Everyone knows that once the authorities get involved, Sheffield Company will be finished!
Affected by this, the company's stock price plummeted.

Before the squeeze began in early May, Sheffield United Steel's share price was 35 pounds per share, with a total market value of more than 118 billion pounds, ranking fourth in the entire London stock market.

During the first squeeze, the company's stock price was adjusted to 30 pounds per share, and its market value evaporated by 17 billion.

In the second forced position, the company lost more than 60 billion pounds in one fell swoop. The company's stock price fell by 5 pounds again, and its market value was only 72 billion pounds.

This is the third time the company has been squeezed. In just two days, the Sheffield company's share price has dropped to 18 pounds per share, which is almost half of its peak share price.

The company's market value is also evaporating at a speed visible to the naked eye, and is currently less than 60 billion pounds.

Seeing the stock price plummeting, coupled with the official intervention in the matter, many people could not sit still.

On the one hand, the bullish squeeze led by Li Yi continues, and the exchange will soon be unable to withstand it.

By then, as long as the exchange approves the other party's application for spot delivery, default will almost be a certainty as they cannot raise that much steel.

What is even more speechless is that compared to the company's avalanche stock price, the debt is increasing day by day.

Affected by the quagmire of Sheffield Steel, steel prices in the London futures market have soared, reaching 378 pounds per ton.

This means that the short futures positions sold by Sheffield Steel require more funds to close them.

This made the company's shareholders completely numb. Everyone knew that the company was likely to go bankrupt.
On the afternoon of June 6, after two days of hard work, Dolson approached Li Yi again on behalf of the family behind him.

This time their meaning was very clear and they agreed to sell 56% of their shares to Li Yi.

Li Yi did not refuse. Since the other party had raised the white flag, he could not insist on pursuing and fighting.

Not only because you should not pursue the poor, but more importantly, the main battlefield of the Sassoon family is Europe, in the financial world.

The steel industry is only a small part of their family's business territory. Even if they step on it to death, it will only cause the Sassoon family to lose some money at most, but it will not uproot it.

Since you can't achieve the goal of killing with one blow, then use a blunt knife to cut the flesh and take your time!
Subsequently, after some intense negotiations, the two parties finally decided to take over all the shares of the Sassoon family for 18 billion on the premise that Li Yi took over all the company's debts.

As soon as this news came out, the entire Sheffield company exploded instantly.

Everyone is still waiting for the Sassoon family to come forward to solve the crisis. Unexpectedly, the major shareholder ran away with the bucket overnight. What should they, the small shareholders, do?

Soon, other shareholders also found Li Yi and hoped to transfer their shares to him.

In this regard, Li Yi was also very generous and kind. As long as he recognized the reality and did not ask for excessive prices, he would happily accept the offer.On the two rest days of the 25th and 26th, Li Yi finally completed the acquisition of Sheffield Steel Company.

In this major acquisition, Li Yi spent a total of 26 billion pounds in funds and purchased 71% of the shares of the Sheffield company.

Of the remaining 29%, 5% is in the hands of the family behind general manager Sandy, and the last 24% is the company's listed tradable shares.

In addition, Li Yi also needs to bear almost all of the company's debts, totaling 42 billion pounds.

However, 90% of the debt is short orders sold by the company, and they are basically all in Li Yi's hands.

According to calculations by Zhang Qiusheng and others, Li Yi used 31 billion pounds of capital and more than 1000 million tons of empty contracts for this acquisition to acquire 71% of the equity of Sheffield Steel Company.

As for the 1000 million tons of steel contracts, their average purchase price was about 210 pounds per ton, totaling 21 billion pounds.

In other words, he only spent 52 billion pounds to acquire this century-old steel giant.

When the equity transfer agreement was officially signed and came into effect, all team members, including Li Yunbao, Zhou Xinghua, Zhang Qiusheng, Pang Feiyan, and Liang He, jumped up with excitement.

They really did it, they really took down this steel giant.

Although judging from the company's current market value, it does not seem to have taken much advantage, but everyone knows that the market value of Sheffield Steel Company is more than that.

Once they get their internal issues sorted out, the company will rise again.

If nothing else, after all, the company's large mines around the world alone are worth a lot of money, and these mines are still scarce resources, and many of them cannot be bought with money.

Therefore, this deal is not a bad deal no matter how you look at it!

However, some people are happy and some are sad. While Li Yi and others are cheering for getting a controlling stake in Sheffield Steel Company, the Henry family behind Sandy is in a gloomy mood.

As the former fourth largest shareholder of Sheffield Company and now the second largest shareholder, their family suffered the most heavy losses in this futures war.

I thought I could easily harvest a crop of leeks in the futures market and make a fortune by relying on the news that the eldest son of the family passed back from his time in the military.

But what I never expected was that after Li Yi intervened, the company's market value was cut in half and it was on the verge of bankruptcy.

What they didn't expect was that when almost all shareholders sold their shares to the Eastern buyer, the other party was only unwilling to acquire the 5% of shares held by their family, even though they had stated It can be sold at [-]% of the market price, but the other party remains unmoved.

In addition to being furious, the senior executives of the Henry family also realized that the other party may have led the futures war because Sandy was the general manager of the company.

Furthermore, the other party may have found out that Sandy had previously wanted to use extraordinary measures with the Sassoon family, so he held a grudge and refused to acquire their shares.

At that time, the other party can easily dilute their family's shares by simply injecting capital or splitting shares.

The Oriental wanted to kick their Henry family out of the game at the minimum cost.

With this inference, everyone in the Henry family panicked.

They are not as big as the Sassoon family. The entire Henry family has only more than one billion pounds in assets, most of which are in the hands of the Sheffield Steel Company.

The company was on the verge of bankruptcy, the stock price plummeted, and the impact on their family extended far beyond the Sassoon family.

If the Oriental was kicked out again through means, it would not only be the company that would go bankrupt, but also their family.

In view of this, the patriarch of the Henry family really had no choice but to personally take the "traitor" to the residence of Li Yi and others, hoping to apologize.
(End of this chapter)