America 1919-Chapter 814 - 279, New Jersey Consortium
Chapter 814: 279, New Jersey Consortium
At this point, Dick’s actions were merely a desperate struggle.
By now, Dick could no longer control Breton Bank.
Thus, under Donnie’s relentless pressure, Dick’s defenses were also broken through.
After obtaining Dick’s shares in Breton Bank, it was very easy for Donnie to face the other shareholders of Breton Bank.
Just like Donnie said, after evaluating their own situations, they eventually decided to sell their shares in Breton Bank to Donnie.
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By this time, it could be said that Donnie had completely taken control of Breton Bank!
After all the legal procedures were completed, Donnie made another announcement through the “Atlantic City Post”!
‘Venus Bank has completed the acquisition of Breton Bank, and after discussions and studies between Venus Bank and Breton Bank, it has been officially decided that Mr. Donnie Block will formally become the president of both Venus Bank and Breton Bank, managing all affairs of both banks.
Additionally, Mr. Donnie Block has decided to completely delist and privatize Breton Bank, buying back all the stocks from the secondary market at the current stock price of Breton Bank.
Furthermore, Mr. Donnie Block has also decided to merge the insurance operations of Breton Bank with those of Mellon Bank, and the details will be announced publicly after the new insurance company is established!’
A simple statement, yet it sent Wall Street, which was already bubbling like a hot pot, into an explosion again.
People were still digesting the news about Pandora Oil Corporation acquiring Sinclair Oil Corporation, when Venus Bank suddenly acquired Breton Bank at this time!
It was at this moment that Wall Street truly understood Donnie’s plan!
If before this, Donnie’s industry was only seen as an embryonic form of the New Jersey Consortium in these people’s mouths.
But with the acquisition of Sinclair Oil Corporation and Breton Bank, the New Jersey Consortium had now taken shape!
Although everyone had anticipated that with Donnie’s current pace of development, the formation of the New Jersey Consortium was a foregone conclusion, when it actually unfolded before everyone, they were still very shocked.
Especially after the announcement about the acquisition of Sinclair Oil and the collaboration between Breton Bank and the Mellon Consortium, everyone understood one thing more clearly.
Donnie’s New Jersey Consortium and the Mellon Consortium had formed a deep interest-bound partnership.
That is to say, at this time, if anyone did not want Donnie’s New Jersey Consortium to come to the table, they would have to face the joint counterattack from the New Jersey Consortium and the Mellon Consortium, a force that no consortium could ignore any longer!
Normally, the formation of a super consortium must go through the interference and blockades of various consortia, only recognized after growing through a storm of blood and violence.
But now, the New Jersey Consortium had set a different precedent.
At this time, no one would want to target the New Jersey Consortium!
Because at this point, it did not suit their own interests!
Thinking of this, everyone felt admiration for Donnie, as this must have been planned by Donnie long ago, otherwise this could not have been achieved so smoothly!
What the outside world speculated was no longer of Donnie’s concern.
At this time, Donnie was about to complete the final step in forming the New Jersey Consortium!
The restructuring of all the industries under his name was now the most crucial issue facing Donnie.
So, in acquiring Breton Bank, Donnie had already summoned all the presidents and middle managers of his companies to Atlantic City.
At this moment, they were sitting in the large conference room of the Surf Hotel!
Donnie sat in the center, with Robert Lillard on the left and Café Jackson, Winston Marl on the right.
Behind them were Surf Hotel President Nate Sermont, Starry Media President Bastian Robinson, ABC President Joseph Schenck, Pandora Oil President John Block, Apollo Chain President Duster Bogie, Kries Investment President Jesse Livermore, United States Logistics President Chris Kamp, Sinclair Oil Corporation President Warner Ditch, Trident Shipyard President George Olympia.
Following them were the presidents of these companies’ subsidiaries. Even Alice, who had just taken the position of Miss America director, attended this meeting, as did others like the Hephaestus Refining Company.
Additionally, there were some industries that had not formed companies but were influential, such as Donnie’s Bootlegging Empire, which was fully managed by Robert.
There were also managers of farms and other businesses present here!
At this time, Donnie’s industries already included: media, gambling, oil, logistics, retail, finance, shipbuilding, and many other sectors.
It should be noted that John Block had always been the president of Pandora Oil Company, but more tasks were left to Warner Ditch to handle. Moreover, the president of Trident Shipyard was a talent Donnie discovered in Washington. Previously, he had been the vice president of another shipyard, but since that shipyard was a family-owned business, George Olympia had no room for advancement. After being recruited by Donnie, he decisively joined Trident Shipyard.
