Hostile Takeovers

[Raritan]

**Private**

With the new trade laws just put into affect, the Chairmen, CEOs, CFOs, and Presidents of the 3 largest banks in Ardoria (Bank of America, JPMorgan Chase, and Citigroup) all met to discuss a plan to purchase majority stakes in several foreign companies. At the top of the list were Desator Industries, which had become a prominent industrial conglomerate in the Americas. The had agreed to the various portions each of their company would buy. The Bank of America, one of the largest in the world, would purchase a 27.5% stake, JPMorgan would purchase 20%, and Citigroup would purchase 17.5%. This way, they would stay under the foreign ownership caps imposed by Atlantian laws yet still control the company.

**Private to the Desator Industries Board of Directors**

*From Bank of America*

We are interested in purchasing a 27.5% stake in your company at 110% the current market rate. Our new relaxed trade laws would allow closer ties with your company, perhaps even expanding your companies horizons.

*From JPMorgan a few minutes later*

We are currently willing to buy a 20% stake in Desator. If you agree within the next 24 hours, we're wiling to pay 125% the market rate per share.

*From Citigroup 6 hours after the first offer*

Our company is looking into the possibility of acquiring a 17.5% stake in you company. We're willing to pay up to 120% the current market rate for your shares.

[Arkantos]

*Private to all three banks*

We are unwilling to allow for such purchases. Phoenix International Bank is the only bank we trust with our company. If such purchases were allowed, Desator would be comletely owned by international investors. So, your answers are no.