Simon Westeros tried to enter the board of directors of Motorola, not only was the Westeros representative hung out in Chicago for three days, but he was also given a 'big gift' by the chairman of Motorola at Christmas, which can be described as a topic that many people talk about during the holiday season.

It is difficult for too many people to accept that a hairy boy who suddenly became rich is rampaging in the capital market and trying to get involved in his original power behavior.

In the face of Westeros' Christmas silence, Wall Street, North American media and Westeros-owned tech companies are speculating about how Simon Westeros will react next.

Monday, December 28th.

After the holidays, the workday resumed, and Westeros' response was simple and crude.

Early in the morning, the same page of the New York Times that Motorola Chairman Robert Galvin issued a statement last week featured Westeros'-for-tat statement.

Westeros regretted the stock market crash in October, but the company had made its fair share of profits in accordance with the rules of business and had never used any illegal means to manipulate the market. In addition, after the stock market crash, Westeros invested a huge amount of money to buy operations, which played a supporting role in the entire technology stock sector, and a large number of new technology companies benefited from it. ”

"Therefore, we are completely unable to accept the accusations of Motorola Chairman Robert Galvin. ”

"Westeros' attempt to join the boards of directors of the holding companies is not only to protect the interests of its own major shareholders, but also to provide appropriate support and advice for the development of these companies. ”

"In order to show that Westeros does not have any speculative intentions, we will continue to take stakes in 25 other companies other than Motorola, increasing our stake to more than 5% for public scrutiny. ”

"Westeros has publicly committed that it will not reduce its holdings of companies that have accepted us to its Board of Directors for the next three years. For companies that do not accept us on the board of directors, Westeros will also hold shares for at least one year, in addition to Motorola. ”

"Finally. ”

"In response to Motorola's malicious snubbing of shareholder representatives and inappropriate remarks, Westeros will reduce its holdings in all Motorola shares. ”

After Westeros' announcement, the media and Wall Street quickly deciphered the core of the story: Simon Westeros would reduce his holdings of hundreds of millions of dollars worth of Motorola stock while continuing to absorb other tech stocks.

This is actually the intention of Simon's statement in advance.

As a large investor in the entire technology sector, if Westeros reduces its holdings in Motorola without warning, the other technology companies in which the company holds will also be affected, causing a series of chain reactions.

Right now.

Simon said in advance that he would not only target Motorola, but also continue to absorb other technology stocks and maintain long-term holdings. Westeros' sell-off of Motorola stock would not have caused panic in the market.

Followed by.

When Wall Street was still speculating about what kind of reduction strategy Simon would adopt, at 9:30 a.m., the New York stock market had just opened, and the sell order of 1 million Motorola shares was directly smashed into the market.

It wasn't until the news spread completely that investors who thought the stock market crash was coming again stabilized.

It's just that, led by Westeros, the whole market began to sell off Motorola shares. At 4 p.m., the stock market closed, and Motorola's stock price had plummeted from $75.5 at the close of trading last Thursday to $62, a decline of 17.9%.

In just six and a half hours, Motorola's market value has evaporated by $1.28 billion.

Meanwhile.

When the evening evening newspaper was issued in the afternoon, the news appeared that Westeros had filed a stake filing with the SEC for another 25 companies.

In addition to Motorola, Westeros holds shares in 25 other companies, with a total value of about $1.3 billion, and all increased their holdings by 0.1% to meet the 5% filing standard, and Westeros actually needs to invest less than $13 million.

Furthermore.

Prior to today, Westeros had only confirmed a total of five board seats. But by the end of the afternoon, that number had increased to 11, and executives from some of the remaining companies had also called to discuss it.

In the face of a market value loss of more than $1.2 billion, Motorola naturally cannot calm down.

After the New York Times statement in the morning, Motorola was quite strong, but by noon, the other party's attitude had completely softened. It's just that the subsequent calls about Motorola were basically blocked on the grounds that Simon was in a meeting.

Simon was indeed in a meeting.

After two days of negotiations over the weekend, James Raybould officially joined Simon's firm as president of Westeros, having previously held the position of legal counsel for the company.

On Monday morning, Simon sat down with James Raybould and the team at Raybould Law Firm to discuss the acquisition of New World Entertainment. The law firm of Raybould will next be headed by Jennifer's mother, Carol Raybould.

Inside a building on 51st Street in Midtown.

The meeting lasted until five o'clock in the afternoon. After work, Simon had just walked out of the headquarters of Raybould Law Firm with everyone, and met another menacing old man, the old man was in his sixties, with a few entourage, and after seeing Simon, the anger on the old man's face was obviously a little stronger.

The other party is none other than Robert Galvin, the current chairman of Motorola.

Faced with the desperate sell-off of Westeros, Robert Galvin had no intention of going on vacation under the double pressure of the company's major shareholders and the board of directors, and had to fly from Miami, Florida to New York in a hurry.

The request to meet with Simon was denied, and he had to come and block the door himself.

Without any greeting, Robert Galvin restrained the anger on his face a little, then stared at Simon and said, "Westeros, stop continuing to sell stocks, I can allow your people to join the board." ”

Simon shook his head dryly and said, "Mr. Galvin, you overestimated the appeal of a seat on Motorola's board of directors to me. And now that I've publicly stated that I want to reduce my holdings in this company, I'm not going to go back on my word like some people do. ”

Robert Galvin twitched his cheeks and said, "In that case, Motorola can buy back the remaining shares in your hand, and make an offer." ”

Simon asked Jennifer beside him, "Jenny, how many Motorola shares do we have left?"

Jennifer said without thinking: "4.13 million shares." ”

Simon turned to Robert Galvin, whose face was a little embarrassed again after hearing this number, and said: "Mr. Galvin, 4.13 million shares, if Motorola wants to buy back, according to the closing price of $75.5 last Thursday, erase a fraction, and you can pay $300 million." ”

Robert Galvin glared at Simon and subconsciously said, "You are blackmailing." ”

Simon shrugged and said, "Or, you can buy these shares back from the open market, and I promise the price will be much cheaper." ”

Robert Galvin was furious again.

If it were possible to buy all of Westeros' holdings on the open market, he wouldn't be here today.

Stock trading on the exchange is automatically matched by the system according to the opening price of the buyer and the seller, and it is impossible to specify which stock to buy. Westeros only had to set the selling price higher than the lowest price, and Motorola's attempts to absorb it from the open market were futile.

Motorola stock turnover rate today exceeded 6% to 5.7 million shares, and Westeros sold less than 600,000 of its 4.7 million shares in three consecutive price sales orders at several price points.

Moreover, just this less than 600,000 shares of the stock caused Motorola's stock price to plummet by 17.9%, and Robert Galvin couldn't imagine that Westeros would sell all the shares in his hands, and the company's stock price would fall.

Right now.

Robert Galvin also understood that Simon Westeros was obviously waiting for him to come to the door.

After gritting his teeth for a moment, Robert Galvin said again: "$60, this is the highest price I can give." ”

Simon repeated in a somewhat mechanical tone, "$75.5." ”

Robert Galvin subconsciously clenched his fists, if he could be thirty years younger, he would definitely not hesitate to pounce on this little guy and beat this little guy violently. However, at this time, he could only suppress his voice and roar: "Don't even think about it, Westeros, you are a bastard, an upstart, a saboteur, you have no idea how difficult it is for adults to make money, you will only make a mess of other people's companies like a child." ”

Simon listened to Robert Galvin's whispered growl, narrowed his eyes, and said, "Mr. Galvin, you are wrong, I fully understand how difficult it is to make a company. That's why I know how distressed you will be if I smash all the bottles and cans you have built. This matter could have been resolved very peacefully, but you have caused the situation yourself. And you've made me understand one thing, since you all think Westeros is just a bastard who doesn't deserve to be taken seriously, I'm going to show you a little bit of bastard's nature. If you don't want to show respect, I'll give you fear. See, it's that simple. If Motorola's stock price continues to plummet, I believe that you, the chairman, who has caused huge losses to shareholders, will never hold on to your position until the end of your term. ”

Robert Galvin raised his hand at Simon and angrily interrupted, "You caused it!"

Simon nodded, "Yes, but they're only going to take their anger out on you." ”

Robert Galvin's body trembled a little, and he was silent for a moment before he said, "$65." ”

Simon didn't mean to break up the business on purpose, and made a slight concession, saying, "Okay, $70." However, Motorola must come up with the money within a week, as a guarantee, before the market opens tomorrow, Motorola needs to deposit $30 million into Westeros' account, and if Motorola is unable to fulfill the agreement, Westeros will not return the money. ”

Robert Galvin insisted on the bargain: "$70 is too high, $67, and besides, I need at least a month." ”

Simon said firmly: "$70, a week." Mr. Galvin, I'm not the kind of person who likes to bargain, you don't have a second option. ”

Robert Galvin still didn't give up, and said: "Westeros, if I don't agree, it won't be good for everyone to continue smashing the market, and you will also face huge losses." ”

"I can afford this loss," Simon shook his head indifferently, looked at Robert Galvin, and said, "But you can't." After the crash, the stock market will be very depressed for the next few years, and I will spend a day smashing the Motorola stock price to $62, but it may take you a year to get back to the high of $75.5. So, if you refuse, I'll let the Motorola stock fall for another year tomorrow. ”

Robert Galvin's expression was cloudy for a moment, and finally compromised: "Deal." ”