Chapter 1390: The Polaris Consortium is full

Apart from these five core financial companies,

Peter Lynch's list of bargaining chips also included the stakes in many other core companies, in varying proportions, including the stakes in many heavyweight companies.

In fact, they didn't even need to look at the stakes in other companies, just the stakes in the top five core financial companies.

Douglas Master and the others knew that they had to compromise.

Otherwise, there would be trouble later!

The list James Mellon gave had fewer chips than the Polaris Consortium.

However, the Mellon Consortium is an old Eastern consortium that has been dealing with the Cleveland Consortium since the last century.

With its historical heritage, it has more chips to exchange with other forces and stronger connections than the newly emerging Polaris Consortium.

Therefore, although their counterattack was slower than the Polaris Consortium's, they were still able to obtain a lot of important bargaining chips in a short period of time.

Faced with these bombs, Douglas Master and the others had no choice but to give in.

However, the upcoming negotiations over interests would be stressful for them...

For this reason,

Douglas Master and Reginald Hanna left the meeting in the middle of the day, obviously to reach a consensus.

Peter Lynch and James Mellon took the initiative and sat there as if they owned the place, leaving them free to go out and negotiate.

Instead, James Mellon and Peter Lynch took the opportunity to chat and laugh.

Time passed by the minute.

After a long time...

Douglas MacArthur and the others finally returned to their seats.

'Gentlemen, how did the negotiations go?'

'It's getting late, so let's get the price agreed as soon as possible. Mr James Mellon and I have other plans for this evening,'

Peter Lynch said with a smile to Douglas-Mather and the others.

'OK!'

...

Next, it was naturally time for the members brought in by the three parties to show their abilities.

Peter Lynch, James Mellon and the others were responsible for making the final decision at critical moments.

There were too many deals involved, and each one carried significant benefits, so of course they could not all be concluded today.

Therefore, Peter Lynch and James Mellon's evening activities naturally could not be put into action.

But fortunately, Douglas MacArthur and the others were in a hurry, so they chose to lose in the short term rather than lose greatly in the long term.

This allowed the deal to be completed in just over a day.

Peter Lynch and James Mellon and the others all went home with a full load.

Douglas MacArthur and the others suffered losses, and their hearts were filled with anger and depression, which they could only vent on other forces that fell into the pit.

After Peter Lynch returned to San Francisco, he immediately sent a secret telegram to Xia Yu to report the specific situation.

The result was naturally extremely gratifying.

Although the cost of acquiring the stakes in the five major financial companies under the Cleveland Consortium, and heavy chips such as Macy's, Kroger and Cleveland Natural Resources, was high, the selling price was even higher.

A total of 2.37 billion US dollars was made on these stakes.

But for Xia Yu, money was secondary.

He valued the company assets that he had seized from the Cleveland Consortium even more.

So the profits made were also invested in acquisitions.

The 20.4% stake in Nationwide Mutual Insurance Company was taken over by GEICO Insurance Company.

Together with the shares originally acquired from other parties, GEICO now held a 52.2% stake in the eighth largest provider of car insurance and ninth largest provider of home insurance in the United States.

Once the two insurance companies merged at a later, suitable time, the US insurance industry would see the emergence of another giant, and the insurance sector of the Polaris Consortium would be firmly established.

25.7% of the shares in Dana Corporation were acquired.

This company is mainly engaged in auto parts. Founded in 1904, Dana is a leading global supplier of driveline, sealing and thermal management products.

Dana is a global leader in the design, engineering and manufacturing of value-added products and systems for automakers, commercial vehicle manufacturers and off-highway vehicle manufacturers.

Its customers include Rolls-Royce, BMW, GM, Ford, Nissan and other world-renowned automobile companies. It has dozens of factories around the world and is very powerful.

With this stake from the Cleveland consortium, the Polaris consortium controls 47.6% of Dana's equity, which is considered a relatively stable control.

Xia Yu's entire automotive empire has further strengthened its industrial chain.

In the industrial sector, there are also 30.3% of the equity of Parker Hannifin Corporation, 28.1% of the equity of Sherwin-Williams, and 21.5% of the equity of Procter & Gamble.

Procter & Gamble in particular, founded in 1837, is a century-old company and a giant in the American consumer goods industry.

In August this year, P&G acquired Richardson Vicks, the manufacturer of Pantene, Olay and Vicks respiratory health products, in a bid to expand its healthcare products market.

Procter & Gamble is now worth 4.9 billion US dollars!

With the three stakes acquired here by the Cleveland Consortium, these three companies naturally joined the ranks of the Polaris Consortium.

Together with the stakes previously acquired by other parties, the Polaris Consortium now holds 55.8% of Parker Hannifin, 59.2% of Sherwin-Williams and 48.1% of Procter & Gamble.

In addition to these company stakes, a major gain was the acquisition of the only other food company in the Cleveland consortium.

Another century-old company, ConAgra Foods, was founded in 1861.

This is a company that mainly produces and sells processed and packaged foods. Its popular brands include Banquet, Man Chef, EggBeaters, Healthy Choice, Hebrew Hot Dog, MarieCallender's, Oliva Redenbach, etc., with a very wide range of brands.

The reason why it is said to be a grab is that the Cleveland Consortium holds a 42.9% stake in this company, and it is generally not possible to be acquired.

It can only be said that this time the Polaris Consortium has too many chips in its hands, and people like Douglas MacArthur and Reginald Hanna had to sell their holdings with tears in their eyes, even if it was a drop in the bucket!

So it can be considered an unexpected joy that this company was taken over. As long as some more shares are acquired afterwards, it will be easy to complete the relative holding and rest assured.

Apart from these important companies, the rest are just some scattered holdings that are not important to the Cleveland Consortium.

Due to financial constraints, Peter Lynch only took the necessary stakes.

For example, 6.7% of the stake in L'Oreal, 7.5% of the stake in Myland, 10.2% of the stake in Comcast, 5.3% of the stake in Suncor, 6.6% of the stake in Heinz, etc.

The Polaris Consortium had previously taken over some of these companies from the Mellon Consortium.

Now it was acquiring some more from the Cleveland Consortium to strengthen its position and prepare for complete control of these companies in the future.

There was no other way. The Polaris Consortium had risen too quickly, and the United States was basically dominated by many established companies in various fields. Although new companies emerged every year, they were still the minority.

This was no longer the era of rapid rise of the humble, and the class pyramid had basically solidified.

Therefore, Xia Yu's strategy for the Polaris Consortium is to nibble away at it bit by bit, steadily and surely, taking targeted actions to bring some large companies under its control and put the Polaris Consortium's brand on them.

This process will inevitably impact the interests of other established forces.

This is also the reason why the original ruling class does not want new interest groups to rise.

But the Polaris Consortium has Xia Yu pulling the strings behind the scenes, and they can't stop it!

It has successively gobbled up large amounts of assets from the Mellon and Cleveland consortia, costing the Polaris Consortium more than 20 billion US dollars.

In just two months, the Polaris Consortium has eaten itself full and is now stuffed.

Therefore, Xia Yu told Peter Lynch to keep a low profile for the next six months, to digest the food in his stomach as quickly as possible and turn it into powerful strength.

As for further strengthening and control of these companies, it will be put on hold for the time being and discussed again after six months, when he will give the order.

...

With the retreat of the Polaris and Mellon consortia, the pressure on the Cleveland consortium has decreased sharply.

However, the Cleveland consortium, which has suffered substantial damage, can only kill some weaker chickens to set an example.

In the short term, it is impossible for the Cleveland Consortium to completely quell the waves. Even if they succeed in stopping the fighting, Douglas Master and the others will have to hunker down and lick their wounds.

And now the increasingly fierce struggle between the Morgan and Rockefeller consortia, Xia Yu has no intention of getting involved.

These two consortia are extremely powerful, and no matter how they fight, the outcome will not be very different. The losing side will still be a force not to be trifled with.

Moreover, although his strength is not weak, but in this special period, there are simply too many ways to get rich. This emergency transfer of funds is also just to seize some companies, for fear that if you don't do it now, you'll never be able to do it.

Now is not the right time, so he has no time to provoke the Rockefeller and Morgan consortia.

Continuing to farm and quietly growing in strength is the way to go!

Therefore, feeling that there is nothing more for him to do in the United States, Xia Yu plans to return to Hong Kong.

Although Richard King Mellon, Xia Yu's father-in-law, was still unconscious and had been diagnosed by doctors as a vegetable, his condition had stabilised and he was unlikely to die easily.

His remaining in the US with Cindy would not be of any use.

So after staying in Philadelphia for another two days, Xia Yu proposed to say goodbye.

Philadelphia Airport.

Saying goodbye to Xia Yu and Cindy were the two brothers Leonard and Woodrow.

Before boarding the plane,

Leonard gave Xia Yu a deep hug, and after letting go, he said sincerely, 'Xia Yu, thank you for your help.'

'Leonard, you're welcome. After all, we're family, and I don't want to see Cindy sad,'

Xia Yu said with a light smile.

Then, his smile faded, and after thinking for a moment, he said seriously, 'Leonard, the position of family head and head of a consortium is not an easy one to sit in. In the future, you must always be careful. I suggest that you focus on stability. After all, any decision you make will affect the overall situation.'

'Right now, the Rockefeller and Morgan families are still fighting, and with their power, it is likely that the DuPont, Texas, First Citicorp, Boston, and California families will be involved in the future.'

'For you, this crisis is actually a good thing. It has purified the families, taken some of the profits from the Cleveland family, and actually the overall strength of the Mellon family has not changed much, but its control has increased quite a bit.'

'Don't intervene lightly in their struggles. You are qualified to observe.'

'If you need any help in the future, don't hesitate to contact me. I will do my best to help.'

Leonard Mellon nodded emphatically: 'Okay, I will keep your words in mind.'

'Then, goodbye!'

Xia Yu smiled and nodded, and after saying that, he led Cindy and the others to board the plane.

Leonard and Woodrow stood still as the plane soared into the sky.

'Woodrow, we have to keep working hard!'

'Let's do it together!'

A new chapter in the Mellon family's history was gradually beginning...