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Traders Season 1 Episode 11

Sharper Than A Serpent's Tooth

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It seems we've come full circle. The board is holding a meeting to discus a new takeover offer by a major Canadian bank. This time however, Sally agrees to the terms. Jack is furious and announces he will quit if the deal goes through. The Trading floor is also unhappy with the proposed buyout. Todson remarks that he'll be voting against the takeover, but that it will likely do no good. The bank wants Adam, or Jack to stay on after the buyout, but Adam wants to leave. The buyer tells Adam that either he stays, or Jack stays, they don't care who. A Vice President of a cosmetics company is attempting a hostile takeover of a company owned by her mother. As they reach the 9% limit of share ownership, they find someone ELSE has announced a takeover bid. Once again the possibility of a leak is brought up. In an effort to block the company from taking over before they do, Marty launches an offensive to buy the buyer. In a meeting between Adam and Ian Dantzer, He attempts to lure him to replace Jack in order to secure the buyout deal. But Ian let's it slip that someone from GR has opened a brokerage account at the other bank, the bank that has blocked the takeover bid for the cosmetics company. The account holder, is Kathy. She purchased $800 worth of the cosmetics company in anticipation of the buyout. In the middle of trading however, Computers throughout the firm crash. This time the floor is saved by Benny, using his floor trader instincts he is able to continue buying and selling, telling the people on the other end of the phone that he'll buy, or sell, 1/8th over or under the current price. This works at first, and the whole company begins using this tactic to try and continue with business as usual. The crash was caused by Grant, who has fallen for the building's computer repair girl. A very hilarious scene in Grant's office D'Arby negotiates the most important deal of his life, a date between Magda (the computer girl) and Grant. Kathy is having trouble settling into her new job. This is the first time she's ever worked in this type of industry, with this much money floating around. She has trouble understanding how they could 'round-down' a figure and drop off $24 000 from their commissions. She attempts to get Susannah's support for a new Macaroni and cheese company. When Susannah shoots her down, she takes the Macaroni to all the traders on the floor, and asks them to take the challenge. They all seem to agree that hers is the best. She then tells Susannah that the companies stock is trading way below book value, and that once their annual report comes out the stock will shoot through the roof. Adam tells Jack about his sister's insider trading, and tells him that if he doesn't agree to sign on with the bank for the next three years, he'll have his sister arrested. Anton is trying everything he can to get Sally's attention. She refuses to answer his phone calls, or his letters. Finally Anton brings a string quartette into the lobby to play. Finally she agrees to talk to him. In her office however she states in no uncertain terms that she does not love him. Anton leaves in disgrace. Jack fires Kathy, telling her that she cannot work for GR anymore after the insider trading fiasco. She doesn't feel she has done anything wrong, but leaves anyway. Before leaving Todson thanks her for her advice on the macaroni company, saying he made over 50K on the deal. The banks takeover deal collapses after Sally changes her mind. Adam returns home, and for the first time in the series we learn the reason behind his motivation to sell and retire. His wife is ill, and he wants to move her to Arizona to live out the rest of their lives.moreless