Rebirth of the Strongest Tycoon
Vol 3 Chapter 1300: Spin-off see spin-off
Latest website: TWA has split up and spun off a subsidiary-TWA.
TWA only inherits the aviation business of the group, while the hotel and catering businesses with higher profits will remain within the group.
After the split, Global Airlines is still a listed company.
This news is just a little bit of content.
However, because TWA is one of the five largest airlines in the United States, it once entered the top three in the US aviation market for a long time.
According to Xia Yu's requirements for business news, when it comes to a company with a dominant market position, it needs to be collected and provided to him, so this news entered his line of sight.
When he saw this news, Xia Yu had a name in his mind-Carl Serean Icahn.
Later generations were known as the "wolves of Wall Street" and "radical investors", the top tycoons, with a net worth of as high as 20 billion US dollars.
When Carl Serean Icahn was doing his best on Wall Street, there were many biographies about him, and his way to rise was also clear.
TWA is an important stepping stone on his way to rise.
In that hostile takeover, he made a profit of more than 150 million U.S. dollars, quickly accumulated capital, and thoroughly established his reputation, which was sought after by a large number of investors, so he rose rapidly.
Carl Serean Icahn is just a financier. He only has money in his eyes. After his previous hostile takeover of Global Airlines in his previous life, he had no intention of operating and sold his assets as much as possible.
Carl Serean Icahn is not interested in TWA, does not mean that Xia Yu is not interested.
In other words, it is also one of the top five airlines in the United States. Although life may be difficult due to problems with the international situation and business strategy, he has a way.
His aviation empire needs such a territory!
What's more, he has always had a strong desire to collect for the "Universal" series of companies.
Act upon decision.
After eating breakfast, Xia Yu immediately picked up the encrypted phone on the desk and called Peter Lynch in the United States, asking him to collect the situation of the United States Global Airlines Group's separation and make a timely action plan.
Two days later.
The specific information was passed to Xia Yu via international fax.
At the same time, Peter Lynch called Xia Yu and reported to him another work situation, which is also in the fax.
After printing it all out, Xia Yu browsed in his office.
The root cause of TWA's spin-off is that the United States abolished the Air Traffic Control Act in 1979, relaxed aviation controls, and intensified market competition, which had a greater impact on TWA.
Of course, the decline in revenue from the aviation business of the Global Airlines Group also has its own operating problems.
TWA obtained permission from the US authorities in 1969 to enter the trans-Pacific shipping market for the first time, but later TWA sold the rights to Asian routes to American Airlines and ignored the trans-Pacific cargo service market.
The contempt for the Asian market and the constant erosion of the original European market have worsened the financial situation of Global Aviation Group.
Of course, there is another important reason, that is, because international crude oil prices have been at a high level for a long time, making aviation fuel expensive, causing Global Aviation Group to fall into a loss.
It is precisely because of so many reasons that the share price of Global Aviation Group is depressed, and the risk of being acquired has increased sharply.
The executives of the Global Airlines Group judged that the group’s stock price actually did not match the group’s true market value, but was dragged down by the airline business. The hotel and catering business, which still has high internal profits, is still the group’s gold business.
These two businesses are likely to be watched by the outside world to initiate acquisitions and split assets.
Therefore, the Global Airlines Group internally discussed and decided to split the group, increase its shareholding in the more profitable hotel and catering business, and avoid being acquired.
The poorly-operated aviation business is relatively safe.
This kind of judgment has caused TWA Group to concentrate its assets on the hotel and catering business, and its shareholding ratio for TWA is only 1.1%!
Seeing this shareholding ratio, Xia Yu was shocked.
He wanted to pry open the brains of the executives of the Global Airlines Group to see what kind of biological dung was in their minds.
What kind of self-confidence is it that they dare to transfer their assets so hard that they retain 1.1% of the shares in the Global Aviation Group.
If this is not acquired, Xia Yu feels that he will be struck by lightning.
After all, it is a subsidiary of Global Aviation Group. Although it is a listed company, it is of a different nature. You do not need to buy 66.7% of the equity at all. You only need to get 51% to obtain control and hold the executives of Global Aviation Group on the ground. friction.
No, you must buy it quickly!
The price is not expensive anyway!
It doesn't matter if the Pacific route is not available, it just happens that his Cathay Pacific Group can make up.
The two companies are completely complementary, as long as they are integrated together, the financial situation can be turned around immediately.
After making the decision, Xia Yu threw this piece of information aside and picked up another piece of information.
Compared with TWA, whose market value is sluggish, the company in this information is a Big Mac.
The overlord of the US telecommunications market-AT&T!
It is now the fifth largest company in the United States with a market value of US$18.68 billion.
It's just that AT&T is already weak at this time. In 1982, it followed ibm closely, and its market value was as high as 53 billion U.S. dollars, more than twice that of Exxon Petroleum, which ranked third!
The reason for the downfall to where it is now is that AT&T was caught in the third antitrust lawsuit in history.
And it was in 1982 that AT&T's antitrust case had a clear turning point.
AT&T is willing to accept the request of the US government to separate from its 24 local subsidiaries and West Electric.
Therefore, since 1982, AT&T’s market value has plummeted, and the market has looked down upon its prospects after it was dismembered.
But anyway, AT&T has always been a giant, and every piece of its fortune is a tempting cake.
Before, I wanted to eat and couldn't eat ~www.ltnovel.com~ and I didn't have such a good mouth.
But this time it was divided into many small cakes and it was easy to enjoy.
So Peter Lynch is leading Polaris Capital to grab food in this dismemberment feast.
Now that the dismemberment plan is about to come out, AT&T and its 24 local subsidiaries that operate local fixed-line telephones and Western Electric will be split into a new AT&T company (specializing in long-distance telephone services) and seven Local telephone company.
The seven local telephone companies are Bell West, Bell Southwest, Bell West, Bell Pacific, Bell South, Asia Medco and New New Zealand.
Peter Lynch asked Xia Yu for instructions. At present, the various consortia are eyeing each other. With the strength of Polaris Capital, they can only win one of the subsidiaries at most, and it is still relatively unsettled, so he asked Xia Yu which company he would like to do!
ps: The Bell Seven Brothers, which one is most suitable for the protagonist? If you have any ideas, please comment on the potential of the company and the suitability of the protagonist. Thank you!
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