Chapters (83)
“So the bottom line, gentlemen, is that we need an independent, third-party firm to conduct a ‘good faith’ audit of their assets, and in the end, you’d both sign a form that would summarize your findings. Nothing too complicated or involved. That way, both parties can be assured we’ve negotiated a reasonable purchase price.”
“Any doubts about that by either party?”
Rhodes shrugged. “We’re offering double the current stock price. If they’re as good as we think they are, it’s more than worth it. But two more sets of eyes on the prize will put a few hearts at ease, including mine.”
Rhodes leaned forward. “And as everyone in the industry knows, Hendley Associates has a sterling reputation for this kind of work, and nobody”—Rhodes waved a finger at Paul—“is better at forensic accounting than Paul Brown. I’ve seen him at work, believe me.”
Jack frowned. He’d never seen Rhodes at Hendley Associates before. He wondered when Paul and Rhodes had worked together—and why.
Rhodes said, “Paul, what I’d ask you to do is look at their books—it’s all digital now, of course. Root around in there, make sure everything is on the up and up.”
“Do you have your suspicions?” Hendley asked.
“No, not at all. Dalfan Technologies is an old and reputable firm in the most honest market and robust economy in Asia. But everyone thought Enron was the golden child, too, in its day. In the current market, large-cap companies like ours can only grow our market share and capture new growth through acquiring smaller, faster-growing companies like Dalfan.”
“But your board doesn’t want to overpay for the privilege,” Hendley said. “Or buy a pig in a poke.”
“Exactly. A third-party audit protects everyone’s interests.” Rhodes turned to Jack. “I’ve known Gerry for twenty years, and I cheered him on when he decided to jump into the private sector and start this magnificent firm.” He turned back to Hendley. “Wasn’t I your biggest cheerleader? Didn’t I tell you you’d succeed?”
Hendley smiled. “Guilty on both counts. And I’m truly grateful for your support over the years.”
Rhodes turned back to Jack and Paul. “So what other firm would I turn to other than Hendley Associates?”
Hendley saw the hesitant look on their faces.
“It’s a great honor for the senator to ask us to do this and I’d very much like to accept. The remuneration is extremely generous, too. However, he’s placed three conditions on our employment. And the first two conditions are the two of you, gentlemen.”
Jack and Paul exchanged a confused look.
Rhodes smiled. “I specifically requested you, Paul, because I know your work and I know you understand the value of discretion. There’s no one I trust in the world more than you to handle this thing.” He paused for effect. “I’d bet my life on it.”