Chapter 651 It Will Be Gone Soon
"Ron, I'm a professional manager, not a capital player," Avi Allard said, pointing to the outdated office supplies in the conference room, "Look at what you've done over the years, you only know that there is no Moderately squeeze any residual value of Marvel. Many people have left in the past few years. The company has no life and is still carrying huge debts. If it continues, Marvel will definitely die. I am just saving this company. , isn't it right?"
Ron Perelman's face was a little embarrassed, but he immediately retorted angrily: "But you shouldn't betray me. If you have any opinions, you can discuss it with me."
Avi Allard heard Ron Perelman's words, and almost wanted to laugh out: "Ron, don't you really remember, how many times have I consulted with you almost begging 'Have you?"
I don't know if it's embarrassment or embarrassment, Ron Perelman's blood surged, and he emphasized again almost incoherently: "You... don't forget, I'm the owner of this company."
"Not soon," Avi Allard suddenly lost interest in talking with Ron Perelman, dropped the sentence coldly, and also walked out of the conference room.
More than half an hour later, Katzenberg, Avi Allard, Ron Perelman, and their respective lawyers gathered in another Marvel conference room.
As if he didn't notice Ron Perelman, who had become aggressive again after cleaning up his emotions, Katzenberg opened the stack of thick documents that he had temporarily sorted out last night, and said straight to the point: "Ron, now you have two One option. First. Private settlement. Andrews Holdings pays a sum of money. Buys all outstanding Marvel shares on the market at the current share price, and then implements a 100% debt-to-equity swap strategy, handing Marvel to us, I Personally, I think this is the best way to solve the current situation.”
Hearing Ron Perelman's cold snort, Katzenberg didn't mind, and continued in a cold and formulaic tone, saying: "Then, second. We will file an application against Andrews Holdings for encroaching on Marvel. Investigate the behavior of debt financing. Although such an investigation and subsequent litigation will be protracted, no matter how long it is delayed, if all the evidence is conclusive, you will still have to refund all the debt financing that embezzled Marvel. Huge fines vstyle_txt;, I assure you, there is not a billion dollars, you don't want to understand this lawsuit, spend the billion dollars. I think you are not far from bankruptcy."
A middle-aged man sitting next to Ron Perelman said, "Mr. Katzenberg, can I take it that you are intimidating my client?"
Katzenberg glanced at Ron Perelman's lawyer. With a half-smile, he said, "You should know that I'm a movie maker, so don't use the usual lines in movies on this occasion, it will make you look very unprofessional."
Middle-aged people obviously have the basic thick skin of lawyers,
Not minding Katzenberg's sarcasm, he insisted, "Mr. Katzenberg, you didn't answer my question."
Katzenberg shrugged and said, "I'm not intimidating your client, I'm just stating a basic fact and some determination of the Firefly Group."
Ron Perelman stopped the personal lawyer who wanted to say anything, and said to Katzenberg: "Jeffrey, I will not choose either of these two conditions, don't forget, Marvel's bankruptcy protection period It’s a month, as long as I can come up with a reasonable solution to the current matter within a month, Marvel will still be mine, and no one will want to take it away.”
"Yes, it's a month, but..." Katzenberg said contemptuously: "You can't come up with any way to bring Marvel back to life, because the current Marvel is just an empty space. Shell, except for the toy department, which can barely function, Marvel movies, empty shell; Marvel TV, empty shell; music department, empty shell; even the root of Marvel, the comics department, responsible for two years ago "X-Men", "Fantastic Four" and other major popular comics, the seven main writers have all left, and now they are no different from empty shells, Mr. Ron Perelman, tell me, how do you plan to make Marvel comes back to life?"
Ron Perelman yelled at Katzenberg without hesitation: "Don't think I don't know, Firefly Group doesn't care what you say at all, all you really want are the superheroes under Marvel. The copyright is only, I tell you, you will never succeed, I would rather sell Marvel to any third party for a dollar, and not give it to Firefly."
Katzenberg, who was already very hot-tempered, also raised his voice: "But you don't have the authority to sell Marvel a dollar to a third party now, because the federal court will not allow you to do such a move that damages the interests of creditors. , even if you want to sell it, you can only sell it to Firefly."
"Don't even think about it, I've always been the only one who stole things from others, and no one should take anything that belongs to me."
"Do you think it's still the 1980s? Let's go to Xiacheng District and see, De Chong Securities has long since ceased to exist, no-exist-exist-!"
"..."
"..."
The already very unfriendly meeting soon broke out into a fierce quarrel. When the two sides were almost facing each other, Avi Arad and others who were onlookers came back to their senses and hurriedly sent Katzenberg and Ron Perelman pulled away.
After frantically dropping the entire office, Ron Perelman finally calmed down and left Marvel headquarters with his lawyer and assistant without saying hello.
Eric, who was in Los Angeles, immediately learned the news of the conflict between the two from Avi Arad, who was worried that things would change again because of this quarrel, but he was not too worried. To take down Marvel, Eric could have put Frank Wells in charge of it, but doing so would only give Ron Perelman an inch. Katzenberg's strong and irascible character is just right to restrain Ron Perelman's insatiable greed.
After the first negotiation broke up unhappily, Ron Perelman did not continue to contact Firefly, but flew to Los Angeles immediately, in an attempt to once again transfer the burden of Marvel, a doomed burden, to several major Hollywood studios. Hollywood, with all its eyes on Disney's animation department, still ignored Ron Perelman. Even Michael Eisner, who realized that it was impossible to get Panasonic's support to acquire the animation department, did not intend to take action, because he also realized with great regret that the Japanese would also not support Universal because of the conflict between Marvel and Firefly.
Subsequently, Ron Perelman still did not give up to test some companies interested in the entertainment industry. But most of the weaker companies do not want to provoke the capital power represented by the first and second richest people in the United States at the same time. Companies with sufficient strength also realize that if they want to solve the predicament of Marvel, they need to invest hundreds of millions of dollars in funds, but even if they grab Marvel and want to develop Marvel's movie rights, they still cannot do without the support of Hollywood. As Hollywood's biggest local snake, Firefly will definitely not let them have a good life for outsiders who have robbed their "prey", and in the end it will not be worth the loss.
In desperation, Ron Perelman even came up with the idea of the firefly long-term bond in his hand.
But in the end it didn't matter, not to mention that the bond from Andrews Holdings was only worth $400 million, which could not make up for Marvel's shortfall, and aware of Ron Perelman's recent predicament, those interested in taking over the bond. Ron Perelman was equally unacceptable when the investment company offered lower prices than the other, and the highest bid was 10% off.
After more than a week, Firefly didn't seem to have any intention of urging, but Ron Perelman found that he was at a dead end.
If the stalemate continues, and after a month of bankruptcy protection period, there is still no feasible company reorganization measures, and Marvel will face forced bankruptcy liquidation.
Early in the morning of August 21, Avi Allard just sat in his office when he received a call from Ron Perelman, a hoarse voice in the microphone barely supported the last bit of strength: "I don't want to see you again. To Jeffrey Katzenberg, I want Eric Williams to interview me in person."
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＊(To be continued.)
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