Big Ben(d) Ch 05
Sam, Roger and Brock
All characters described in this story are over 18. The scenarios are fictional, but are quite representational of "big" corporate finance--at least before COVID. In case new readers are interested, the title of these series reflects the location of the retreat in Ch 01 where Sam Crockett and Brock Adamson meet and get it on--and more importantly, the unusual shape of Brock's cock--which has a decided bend to the right midway up the shaft. Β© Copyright, 2025, Brunosden, All rights reserved.
Summary of Previous Chapters: Sam has returned to El Paso from New York where he had been involved in negotiating the backup financing for a major planned acquisition by Elon Oil, his employer. While there Sam had been pimped to a Goldman managing partner, Bob Brandt. He had blown Bobby, and then, in a twist of expected behavior, Bobby had commanded Sam to fuck him. Sam was surprised at the turnabout, but really enjoyed deep-pounding an obvious superior. He hadn't held back at all, however. He had serviced Bobby's anal canal until he squealed and complimented Sam on his technique and the size of his cock.
Sam was then taken multiple times by his boss, Roger Bannister, over a subsequent luxurious weekend in New York. Both encounters were semi-non-consensual. Sam considered his submission "part of the job", but he had deep down felt that he had enjoyed being taken and dominated--even when he was the one doing the pitching. Meanwhile, the bid for Murray Oil had been launched.
And it was time to wait patiently. But, Sam had been anxiously ruminating about his future--with Brock, his young soul-mate, or Roger, his boss (and pimp?).
Continuing in Sam's voice....
I had just barely finished a pleasant lunch with a colleague, when I got a text that I was wanted upstairs YESTERDAY. I almost ran from the cafeteria to Roger's office. He hadn't been in during the morning, and I assumed he was out again for the day, lying low while Murray Oil considered a response to our bear hug letter. Phyllis motioned me in. "He's waiting. And he's fuming. You may want to put on some armor or a batting cap before you go in. Good luck!"
When I walked in, he was in his shirt sleeves, rolled up, pacing and shouting into the speaker phone. He was red and sweating. One shirttail was out of his slacks. What the fuck! This is so unusual. His desk top was unusually clean. Then I noticed that he had swept everything to the floor. He was really angry! And fuck, he looked so sexy in his anger!
I halted just inside the door and listened. It took only a few seconds to sum up the situation. Murray Oil had rejected our offer "officially." (That was expected. We would persist, offer more and enter negotiations.) But, more importantly they had invited another competitor in to scan the books to make a counter-offer. It was effectively a declaration of war. The phone call was with Bob Brandt at Goldman who was leading our bid.
"Fuck, Bob, how did this happen? How did you not know that Cherry Oil was interested--and that they were already talking to Murray? They're giving Cherry a free look at the books--which we never got. How can we compete with that?"
"Calm down, Roger. These things happen all the time. We both knew that the $53/share bid was fuckin' bullshit. They claim they're worth north of $70."
"North of $70 doesn't work for us. The numbers just don't work. By the way, you said $60 max--and that's what we're working with. Where the fuck did you guys get your numbers? Your analysts must have their heads up their asses." He paused for a moment, but Bob didn't pick up the thread. "I sure hope that this is not bait and switch, Bob. If I find out that either Goldman or Morgan is involved with Cherry's bid, there is going to be hell to pay. The higher values won't work for Cherry either--unless they have some crystal ball that projects much higher West Texas Intermediate prices--or another Arab oil embargo. Or they've convinced Murray to take stock. I could never sell $70 to the Board. And I've promised them Murray."
"Calm down, Roger," he repeated. "This is not the end of the world. Apparently there is value hidden in Murray that they've kept from the street. I have no idea why or what it is. But, we're not out of the ballgame yet. We're trying to get a handle on where the extra value might be. Cherry hasn't bid anything yet, although they may be talking already. And, by the way at $70 plus/share, Elon is going to pocket a shit-load of profit when it unloads the pre-buy of Murray shares. Incidentally, we picked up more Monday morning just as the bid was announced."
(For readers not familiar with corporate merger finance--and who are interested: When X contemplates a hostile bid for Y, it typically does two things--after deciding on a price it's willing to pay. It goes into the market over perhaps 30-90 days and buys "up to" 5% of the stock of Y at low prices--the percentage cap set by the SEC. Then it makes the bid--either publicly or in a bear hug letter to the target--which the target is obligated to announce. Simultaneously with the bid, X enters the market and buys everything it can--before the letter becomes public and before the public can react. Typically, they end up with 8% to 10% with that tactic. The price then soars when the bid is announced, and even if the target is not ultimately purchased, Y is "in play" and the price remains very high. The bidder, if ultimately rebuffed, then sells the 5%-10% at a huge profit--often billions--as a consolation prize before the final deal is reached, or collapses. In this case, Elon's "profit" could be around a half billion dollars.)
"That's really not consoling, Bob. Sure, I want the profit, but we want Murray. I can wait a few days. But, believe me, Bob. You owe me one. A very big one. You and Goldman better pull something out of your ass."
The phone went silent for a minute. Then Bob began in a much lower and more conspiratorial voice, "I'm not sure about a big one. How about a little one, just here from Wharton, a cute little blond boy? Really hungry...."
He was apparently about to describe someone that Bob was going to pimp to Roger. Only I would know that. But, Roger sprinted to the headset and picked it up before the rest of the amplified conversation flooded into the sun-soaked corner office where even Phyllis would hear it. Roger listened for a few more seconds. Then, he interrupted, "We'll have to see. I've gotta take this call, Bob. Keep me informed."
He looked up at me. "What the fuck are you doing standing there with your goddamned limp dick in your hand?"
"Phyllis said you wanted me."
"Yeah, thirty minutes ago."
"But, now you heard the call. We're fucked. During the discussion in New York did you get even a hint of a potential competing bid?"