Investment banker here, I work for a top-tier bank (won't

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nah

>>1815678
No you shouldn't do that. Instead of thinking of the best bullshit strategies in being unprofessional, you should be thinking about how you can use this and your past work to pivot.

You sound like a genuine piece of shit to me; maybe they realized your shitty character traits before this deal came to fruition.

>>1815678

Post it here for like 5 minutes, then delete it.

OP here, forgot to mention that the acquisition price is going to be almost $2 more than the previously discussed price (which is still a 1.50 premium to where it is trading now). If the info were leaked, it would drive the stock up to around $7/ah and would cause reputational and financial damage to my employer.

post it here. help your 4chan bros. general public will not know or pick up on it.

AIG?

>>1815694

Sounds great. Now get back to your shitty consulting job making $60k/yr and leave the moral judgement for someone else.

>>1815702
Not AIG, this is a smaller company. Ran into liquidity issues recently (despite having a ton of cash on book) recently - hence eagerness to sell out. Not a bad stock, actual value is still .80 higher than current stock price

>>1815711
You've mistaken my views of your professionalism with that of moral views.

>>1815720

Which type of insurance? Property and casualty or life and health? Which sub industry would it be classified in?

Its a bad idea to fuck over former employers but you should still post the name of the firm

>>1815730
Life insurance primarily; has around a ~2B market cap

>>1815731
Totally would, but I could get outed pretty easy. It's a pretty large and very well known firm, but there are only about two dozen of us on this deal.

>>1815744
Is releasing nonpublic information treated the same as trading on nonpublic information in the eyes of US law? As in, is it a crime to release that information as long as you don't attempt to profit from it?

>>1815744
Well then why are you even asking about spilling the beans to the public if you're worried about being outed? This is just a stupid message board, and nobody really goes to /biz/ that much.

>>1815754
Because the person who posted this is roleplaying.

>>1815740

Is there a proposed buyout on the table that is public?

Does the company also have a mortgage subsidiary? (that is doing poorly I might add)

>>1815762
Yes and yes.

>>1815762
I would assume the buyout is public and the reason that OP won't state the firm's name is that he already stated:
>I am likely going to be let go after this deal I am working on goes through.
Pay special attention to:
>likely
>deal I am working on goes through
OP is basing his future job security on the a decision that management has yet to make that is independent of the deal going through, which he has stated is basically a sure thing as he has worded his statement.

>>1815770

Thx anon, I found it.

We'll see what happens with this one, interesting company. Looks like the executives are living in a swamp, poor management.

>>1815770
>>1815785
So which is it and what is the proposed price per share for the acquisition?

>>1815785
>>1815762
Thanks anon
I think I found it too.
Interesting stuff

>>1815816
>>1815770
Nevermind I found it, but any idea what's the premium they're gonna pay?

If this is true you're a fucking moron.

>>1815678
you should release a bullet into your brain for thinking this way

>>1815785
how'd you find it? what are you using to filter through the companies?

Just post the name in /rgt/ as a frogposter and no one will take it seriously.

>>1815906
If you lack the critical reading skills to figure out what to Google then you don't deserve it. Screenshottied this idiocy so I can check back in a few months.

Found it.

Honestly OP you gave away a bit too much, but the company and the story around it is vague enough that I think nobody will give a shit when it comes to a 4chan post.

I'll throw $500 on it tomorrow morning just cause. Like you said, the company seems to be a decent buy as it is.

I'll do some more research and maybe check back.

There is an update 2 days ago on seeking alpha about it. Probably just a troll going off that.

>>1815917
ok, you got better things to worry about?

>>1815925
Is likely total bullshit but you never know. Technical look decent too (assuming i'm looking at the right stock)

>>1815678

I wouldn't because, reasons.

Just use the information to profit personally.

>>1815941
G_W?

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>>1815753
>>1815775
>>1815975
>>1815986

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>>1815995

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thread should be deleted mods

>>1815999
holy shit

>>1815999
>>1816022
I feel like I witnessed history here

>>1815999
I should add that Lazard offices are at 30 rock, so skullfucked to the 49th st subway station is actually only like a block and a half. No biggie OP

Illuminati confirmed c u on the Nazi moon base

>>1815999
Ok well that confirms the company then. OP can you update us tomorrow on what goes down at work?

some guy roleplays as a lazard investment banker every fucking month


stop taking the bait

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>>1815914
It's happened before on /rgt/, not too long ago with MYOS. A couple of people did buy into it and made alot of money from an anonymous leak over the weekend.

>>1816090
looks like bait however might still have a run lol. Will update tomorrow morning with my explanation of this whole shitshow going all nice into the weekend

>>1816107
What stock is it

>>1815678
Hypothetically if you do leak the information and the stock prices rise, how is this a bad thing at all?? can someone please explain

>>1816254
Thats what I came up with too. Will post more details later this morning.

>>1816281
>fucks over employer. possibly costing them millions of dollars (ie Goldman/Citi?)
>sends out don't hire message to basically all future employers
>goes against nda(non disclosure agreement) leading to a possible lawsuit
>sec investigation (probably would turn up empty)
Idk anon you tell me

>>1815678
Not if you have any commen sense.

If u really wanna be a felon get some friends and family to buy in. Take out a mortgage and invest through a buddy.

Have fun in jail

Actual /intern/ at an IB here.
Nah this dude is just roleplaying, you can all go home.

>>1816400
Why are you on 4chan and not working on that pitchbook. Fire drill motherfucker fire drill

>>1815678
Don't listen to the faggots in the thread. If you have are sure you won`t get caught just do it. It's not like you'll be really harming people.

put $80 bucks in the slot and pulling the handle.

>>1816594

yeah, i might. i wish there was some way to know if this guy was a LARPer or legit tho.

>>1816603
even if he lies it's still going to be good for a pump and bump i'm gonna put a stop loss on for half what i paid. Also i do gamble so $80 is kind chump change.

>>1816603
The stock is undervalued regardless. Capital is absolutely fleeing China and its currency, and the regulators are puppy dogs on solvent corporations. The US regs would equally love to see all that money flow in, and this shit was practically pre-approved montgs ago.
Worst case scenario, the deal is mildly delayed by frivolous suits and you have to hold it through Q2.

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Hey randoms! As promised here's what I could find:
• Based on the above we can make a logical guess that the stock is likely Genworth Financial (NYSE: GNW) which sells basically sells mortgage and life insurance
• Here is some basic stuff online
○ The stock is currently being bought by China Oceanwide Holdings Group Co (or basically billionaire Lu Zhiqiang) for $5.43 a share
○ The acquisition is completed through (Asia) Pacific Global Capital Co
§ Goldman and Lazzard are acting as financial advisors to Genworth
○ On February 22, 2017, the Company sent a letter to certain beneficial owners of the Company’s common stock in respect of the special meeting of stockholders of the Company to be held on March 7, 2017
• Some quick financials not mentioned already (Edgar filings)
○ Looking at the 10q you can see that their mortgages have gotten more risky in recent years
• Some quick technicals (see image)
○ Looks like a possible breakout
○ Seems to definitely want to push up to at least the high $4 mark (maybe like 4.80ish)
• Quick notes
○ This is likely just a role-play however there have been cases where there has been legitimate leaks on 4chan
○ Stock isn't actually that bad by itself fundamentally and technically (seems to be undervalued as of now)
○ With that said I'm not a huge fan of mortgage insurance companies
These are just theories/ideas it's up to you what you decide to do

>>1816724
So how will that work exactly. When China Oceanwide Holdings Group Co buys it at 5.43 a share, does that mean they will get my share at that price?

If I still own the share, when would be a good time to sell it? Right after the buyout?

Sorry for the N00b questions.

>>1816724

You are a faggot. Let people do their own research instead of spoon feeding it. People like you are the problem.

>>1815678
>>1815999

Confirmed real. Our whole floor was talking about this this morning. This guy David was the likely leak and was shit canned this morning. Not sure if this is related, but our team lead mentioned something about this board, lol.

>>1815678

Correction, former "investment banker". See ya in the unemployment line, dipshit!

thanks everyone.

>>1816724
>The stock is currently being bought by China Oceanwide Holdings Group Co (or basically billionaire Lu Zhiqiang) for $5.43 a share
Why is it still trading around $4 with this deal out in the open? Is it not expected to close at this price for some reason?

>>1816746
I believe as there are costs of the merger. I believe only majority voting right shareholders get that price. Most others get it lower but Idk

>>1816879
it aint in the open senpai thats the leak

>>1816890
https://www.bloomberg.com/news/articles/2016-10-23/china-oceanwide-agrees-to-buy-genworth-for-2-7-billion-in-cash
From October.

>>1816818
antisocial fagget

>>1816879
There's been massive fear mongering about the Chinese backing out or reducing their offer. No basis, just the usual game of whispers you get when Chinese money is involved.

>>1816929
Also, all of the reports are that the deal will happen mid-year, but Mr. Greenmail here seems to be saying the Chinese are throwing money at it to get it pushed through on their end immediately after the shareholders' vote.

>>1815678
>Confirmed real. Our whole floor was talking about this this morning. This guy David was the likely leak and was shit canned this morning. Not sure if this is related, but our team lead mentioned something about this board, lol.
Nice role playing anon
Level 10 shit post

>>1815678
>drive up the stock price and fuck my employer?
Maybe this is a stupid question, but how does driving up the stock price fuck your employer? Aren't M&A advisory fees usually a percentage of the total deal value? The deal value doesn't change even if it gets leaked and there is a price run up.

>>1816980
because this is role playing lol

>>1816980
>The deal value doesn't change even if it gets leaked and there is a price run up.
what

>>1815740
Is it one of these?

>>1817001
It doesn't. If a deal price is leaked and the deal seems likely to happen, the stock price will go up to close to the acquisition price per share. This does not affect the deal value. The deal will still happen at the agreed upon price. The M&A advisor's fee will still be the same. The only thing I can think of is the client might be upset that the deal information leaked and if they trace it back to their banker, they might fire them, but I don't know if they'd do that this far into a deal.

>>1817024
And what happens if shareholders react to that price action by demanding a higher premium? Shareholders who are already actively suing the company for lowballing the deal?

>>1816818

> don't help people

you gonna burn mate

>>1816830

proof?

>>1817039
Well, the shareholders have the right to approve or reject the deal either way and by the time it comes to a shareholder vote, they deal price is known. Just because the deal value was leaked early and the market reacted accordingly shouldn't change whether a shareholder thinks it is a fair price or not. And there is shareholder dissent in pretty much every deal, so I don't see how that is a factor.

>>1817058
The proxy is already out. OP is talking about leaking that the regulatory approval timeline was accelerated.

>>1815999

>being this mad

>>1817071
Okay, but how would that information leaking affect the deal price/fuck over his employer? All I can see happening is that the stock price run up would happen earlier than if the information was released in March.

>>1816724

I just put $800 in this. On the scale from 0 to OP, how fucked am I?

>>1816879
What is risk arbitrage opportunity, there are hedge funds that are specialized in this. Literally every pending M&A deal has a sizable price gap. As the deal closes so does the price gap.

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this isn't news...
http://investor.genworth.com/investors/news-releases/archive/archive/2016/China-Oceanwide-To-Acquire-Genworth-Financial/default.aspx
op could you respond to >>1817095 or otherwise tell us how your firm's commission (not sure if Goldman or Lazard) in the deal is structured?

>>1817104
I'm aware of merger arbitrage strategies, but a 35% price gap seems high to me. I don't track this kind of thing though, so is that normal for a deal that is subject to Chinese regulatory approval?

>>1817110
http://seekingalpha.com/news/3237662-wells-fargo-china-oceanwide-likely-cut-genworth-offer-3_43-share

>>1817114
That makes sense. Thanks.

>>1817110
Unless you have inside info (i.e. probability of deal approval) how do you determine that price gap is too high?

>>1817103
Likely not very. The stock is technically sound for a upwards move. Idk though

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Getting in. Think I found it. Chances of strong movement anytime next week? Can't buy until then.
Just to confirm if this is it, here's the 5 day.

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>>1817138
i mean, yea that's the one we're talking about mhm

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>>1817146
I didn't read the whole thread
How's the timeframe?

>>1817123
Well, I guess I'm looking at this as the market not being confident that the deal is going to go through at this price, because if it seemed likely, there wouldn't be this chance to make a quick 30%+ return. This article >>1817114 helps explain the reason for the large gap.

>>1817138
Wow u mean the ticker that has posted on the board for like 8 hours

>>1817108
Maybe OP is dumb enough to think the SEC will go after the bank instead of him?
Honestly, I'm from RVA and this company has been a shitshow for a few years. Their LTC biz is radioactive. Proof that the other party has no intention of walking away would be worth trading on.

>>1817149
https://www.sec.gov/Archives/edgar/data/1276520/000119312517017271/d267031ddefm14a.htm#toc267031_8
genworth shareholder votes on 3/7/17
>>1817156
(what's rva) i like how reports have to address the fuckery of their long term care explicitly haha

>>1815678
well i wouldnt bc they may get contacted by your future employer to ask about your work ethic. is it possible that you were just doing shitty work?

>>1815720
if theyre liquidated while you were working there theyre probably blaming you on the down low

>>1815921
kansas city insurance
?
=))))

>>1816031
i get skullfucked at my moms house every day, ill join in on the skullfucking

>>1816400
hahahhahh we have an intern to tell us the truth guys ROFL *wipes tear*

>>1816818
wait what stock do u want us to buy can u dumb it down

>>1817071
op could delete post the day the deal is made and finra couldnt give a rats ass

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y-you know... you can quote more than one post in a reply. you don't have to spam
>>1817212
IB is known to be a closely-knit club. of course the talk, this is known
>>1817218
unlikely, read their 8k. and saying he's to blame is incorrect; he's arguing the the valuation is higher
/b/ please calm down..


op isn't real either; he wouldn't've gotten a full time position with this incompetence

And if the deal doesn't go through why should I hold on to this company?

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>>1815678

I can prove this is fake. Look at the ID inside the picutre of >>1815999

That is the same person that is claiming to have no idea what is going on in >>1815753
and >>1815753

That's why he deleted his posts. He fucked up.

Nice try OP, but you got caught. This is fake, but such a good idea. Maybe I should deploy this method on a pump and dump in the future.

>>1817380
What is probing for information to make sure OP wasn't a coincidental roleplayer? Try to use logic and reasoning dumbass.
Kid got fired this morning and the whole department had a nice meeting about keeping fucking mouths shut. Personally sent out handful of emails and phone calls to ensure this fucking mongoloid never gets to touch a financial services firm again.

To OP, rot in hell and I hope they gape your fucking asshole when your court date rolls around.

To everyone else, learn a lesson from this kids.


Proceed with /biz/ as usual.

>>1817396

Lol you're such a faggot. You got caught and you still proceed with the lie.

You probably only have $500 NEET bux in this stock and you're this desperate to pump it.

This is so made up it's not even funny.

>>1817396
>the whole department had a nice meeting about keeping fucking mouths shut
>proceeds to talk about it
sure anon...

>>1817380
I fully believe OP is LARPing, but he can't be stupid enough to think posting something on /biz/ has any chance of pumping a stock with a $2B market cap.

>>1817400
>takes 40 minutes out of his miserable fucking day to dig up the company in question through a series of google searches about tidbits of information given by the fucking retard of an OP
>"dude ur a fag dude you dont have any money dude lol dude please tell me u r real dude"

Yeah, okay.

>>1817428

You didn't have a rebuttal for any of my arguments... You didn't even answer my question.

Whatever boys, nothing to see here but a sad loser living in his basement trying to trick people into buying a failing company with horrible management.

>>1817396

You might have more fun on /b/ than /biz/