America 1919

Chapter 781: 268, Tarot Society starts to exert its strength

“All you’re thinking about now is obstructing Donnie’s actions through administrative power, but at the end of the day, this is a business move. If we look at this simply as a business move, Donnie’s acquisition of Breton Bank won’t be so easy!”

Archie Roosevelt’s words made both Dick and Laze Madison’s eyes light up, while Madeline still looked puzzled.

“What’s the difference?”

Archie Roosevelt and Laze Madison certainly wouldn’t explain to her, and in the end, it was Dick who explained to his own wife.

“We were indeed trapped in a misconception, trying to obstruct Donnie’s actions through administrative power, but the truth is, in Atlantic City, in New Jersey, even when our three forces combine, we can’t be stronger than Donnie, so from this perspective, our counter-acquisition is bound to fail!”

Madeline nodded and said, “Weren’t we just talking about this?”

Dick could only continue to explain to his wife, “But now the problem is different. If we step out of this mindset, we’ll realize that Donnie’s acquisition of Breton Bank actually isn’t so easy!”

“Forget it, don’t talk to me about this anymore, just tell me how we are going to deal with Donnie on this matter!”

Madeline finally gave up asking for the specifics.

Dick didn’t mind, and looking towards Laze Madison and Archie Roosevelt, he said, “If we look at it this way, Donnie won’t give up just because I refuse, so he will definitely initiate a stock purchase with the other shareholders of Breton Bank!”

Laze Madison nodded and said, “We can’t be sure that all the shareholders of Breton Bank won’t sell their Breton Bank shares to Donnie, so we should now find these shareholders as soon as possible, and then you—before Donnie—buy those shares from them!”

“Can you do this?” Archibald Roosevelt asked Dick.

Dick confidently nodded, “We have to thank Donnie for that, because of these two years of cooperation with Atlantic City, the profits of Breton Bank have soared, the company’s dividends, other miscellaneous incomes, as well as our own fortune, mean acquiring these shares isn’t a problem!”

“So on this point, you don’t have to worry that Donnie will exceed your shares, right?”

Laze Madison sought confirmation from Dick, “Can you control more than half of the shares of Breton Bank?”

After thinking seriously for a moment, Dick said, “No problem, although Donnie is also a shareholder of Breton Bank, he doesn’t hold many shares, and these past two years, Donnie has been developing his own business and hasn’t interacted with other people in the company. I believe these people will stand by me!”

“Not necessarily!” Laze Madison shook his head, “These shareholders always prioritize the company’s interests. If Donnie offers to push Breton Bank out of Atlantic City as a condition to force those shareholders to his side, then I believe there will still be some shareholders who will stand by Donnie!”

Seizing the opportunity, Madeline said, “Isn’t this just back to our original starting point?”

Archie Roosevelt smiled, “It’s different now. We have more potential partners to choose from. Don’t forget that in Atlantic City, we still have Morgan and Mellon banks. We can now contact them and have them stand with us!”

“Impossible!” Madeline countered, “In Atlantic City, we are already competitors with Morgan and Mellon. If we get pushed out by Donnie now, they can divide up our market in Atlantic City. This situation is definitely good for them. How could they possibly help us?”

Dick looked helplessly at his wife, saying, “It’s not what you think. If Donnie’s goal is indeed to push us out of Atlantic City, then it’s just as you said, Morgan and Mellon would be very happy, but in reality, Donnie’s goal is not to drive us away, but to acquire Breton Bank.

And that involves two issues.”

Knowing his wife’s mind, Dick didn’t wait for her to ask and continued to explain for her.

“At least in Atlantic City business, Breton Bank is on par with Morgan and Mellon banks, and so is its influence. If Donnie could push us out of Atlantic City just because he can’t acquire Breton Bank,

it would create an image of him being overbearing, a situation I believe neither Morgan nor Mellon would like to see. They do not want their business in Atlantic City to follow Donnie’s orders completely.

Additionally, Donnie’s idea of acquiring Breton Bank doesn’t align with the interests of the two consortiums, Morgan and Mellon, because as long as Donnie completes the acquisition, no matter what he thinks, at least in the eyes of these two consortiums, Breton Bank will be Donnie’s from then on.

By that time, the business between Breton Bank and Surf Hotel will naturally increase, and the business Breton Bank occupies will actually be that of the two banks.”