Location of Bridgewater Fund Corporation.

When Xia Yu arrived, Rey Dario was adjusting the division of labor within the fund.

IBM's equity acquisition has ended, Xia Yu's task has been completed, and the temporary acquisition team will naturally be disbanded, and the transferred personnel will return to their respective posts.

Xia Yu didn't bother, and after nodding at him, he went to the office to drink tea and wait.

About five minutes later, Rey Dario walked in briskly with a file bag.

"Boss, I'm sorry to keep you waiting, this is IBM's proof of equity and transaction contract. ”

Rey Dario said, handed the file bag to Xia Yu, and then sat opposite Xia Yu, poured himself a cup of tea, and waited quietly.

Xia Yu opened the file bag, took out the contents of it, and quietly flipped through it.

The total stock of IBM was 3.01 percent of the company's total share capital, and except for a small part of the company's total share capital, it was acquired from six minority shareholders, and the rest was purchased from six minority shareholders, at a total cost of $1.109 billion.

This equity ratio has entered the ranks of the top ten shareholders of IBM on paper, ranking eighth.

IBM went public in 1917, and it has been 73 years since then.

For such a long time, IBM's equity has been traded back and forth I don't know how many times, not to mention that in the past 73 years, IBM has also acquired many companies, many of which are cash plus equity, which makes the equity further dispersed.

Today, there are only three major shareholders of IBM with more than 5 percent of the shares: Morgan Stanley, General Dynamics and Bank of America.

Morgan Stanley needless to say, the core pillar of the Morgan consortium, as for General Dynamics, is an aero-engine plus arms dealer, and it is also the core pillar of the Morgan consortium, and the last Bank of America is the core of the California consortium, and the California consortium is now seriously infiltrated by the Morgan consortium, almost wearing the same pants as the Morgan consortium.

As for the other minority shareholders, there are also many companies in the camp of the Morgan consortium.

So in fact, IBM belongs to the camp of the Morgan consortium.

The reason why Xia Yu wants to acquire more than 3% of the shares is actually for a board seat in IBM.

Generally speaking, whether it is a listed company or an unlisted company, a major shareholder with a shareholding ratio of more than 5% can obtain a board seat if it is stable.

However, in listed companies, considering the dispersion of the listed company's equity, the threshold has been lowered, and shareholders holding more than 3% of the shares are allowed to enter the board of directors.

But beware, this is allowed!

It's just qualifications!

Whether or not you can enter depends on whether the shareholders' meeting agrees or not.

Shareholders holding more than 3% individually or collectively may apply to the general meeting of shareholders for the right to recommend directors.

Then the shareholders' meeting approves it, and the qualified shareholders can recommend the directors to the board of directors, which will be considered by the board of directors, and then submitted back to the general meeting of shareholders for deliberation before it can take effect.

This is the normal procedure for recommending a director.

Of course, there are very special circumstances in this, that is, the equity situation of IBM today.

IBM has been listed for too long, and its shareholding is too dispersed, so there are very few major shareholders holding more than 5% of the shares, and if the number of directors is small, the exchange will worry about the company's risk, after all, the board of directors is small, and any decision will be passed more easily.

So in this case, there is another rule, that is, the top ten shareholders of a listed company can enter the board of directors.

That's why Xia Yu wants to rush into the camp of the top ten shareholders.

And the reason why more than 3% of the equity was acquired was also to get another insurance.

After all, when the time came, he rushed into the camp of the top ten shareholders and squeezed the original tenth place.

The original tenth largest shareholder already has a seat on the board, and suddenly wants to lose, what if he is unwilling to temporarily increase his holdings?

Therefore, even if the original tenth largest shareholder is unwilling to increase his holdings again, Xia Yu is in the eighth place, and there is also a buffer room, and it can be more secure, three percent can also enter the board of directors, not necessarily the top ten shareholders to enter the board of directors.

After reading it, Xia Yu put back the file bag with satisfaction and said, "Good job, Rey, thank you for your hard work." ”

Rey Dario shook his head with a smile: "It's not hard, this is what I should do." ”

Xia Yu bowed slightly, and ordered: "I'll ask Peter Lynch to come over later, and you will transfer all the equity to the name of Polaris Capital." ”

Rey Dario nodded in response, "Okay." ”

Xia Yu took a sip of tea, thought for a while and said, "Rey, I will invest another 200 million US dollars in the company in the next two days, and you can make a good investment according to the situation." ”

Rey Dario was suddenly pleasantly surprised, and said with a smile: "Okay, thank you boss!"

He secretly thought in his heart, sure enough, this month was not in vain, the boss not only kindly left the profits he deserved, but also invested another 200 million dollars.

As long as the funds are in place, the strength of Bridgewater Fund will skyrocket in an instant, and he will have more room for investment.

Looking at Rey Dario's happy appearance, Xia Yu smiled and nodded.

After that, Xia Yu left, expecting Polaris Capital to let Peter Lynch go to Bridgewater Fund to take over the equity, this process needs to be stamped with the company's seal, and other steps are needed, so Xia Yu does not do it himself.

The previous two acquisitions of Bridgewater Fund were not reported to the exchange in time, so there is no name of Bridgewater Fund in the top ten shareholders of IBM now.

However, when the equity was transferred to Polaris Capital, and Polaris Capital went to the exchange to report, IBM's equity information was immediately updated.

After all, it is the largest company on the New York Stock Exchange and the company with the highest market capitalization in the United States.

When IBM's equity information was updated, the unfamiliar Polaris Capital Company immediately became a hot word in the secret, and major financial companies were making every effort to inquire about the information of Polaris Capital.

A financial company that can come up with $1.1 billion at once is very rare, and its strength must be strong, and it can be regarded as a crocodile.

A crocodile rushed into the crocodile pond, and the original crocodiles naturally had to understand clearly and see what attitude they should treat later!

Warren Buffett is naturally no exception, when he saw the name of Polaris Capital, he was shocked, and secretly said, Xia Yu really didn't lie to him, Polaris Capital is indeed strong, and he spent more than $1.1 billion to buy the equity of IBM at one time.

In an instant, Warren Buffett felt a hint of happiness in his heart, fortunately Xia Yu did not do anything to Berkshire Hathaway, otherwise, the capital of 1.1 billion US dollars would definitely create the biggest trouble in his life.

Fortunately, everything is now in a good direction, and Polaris Capital has entered the board of directors of Berkshire Hathaway and has become his ally, and an ally with such strength is of great benefit to Berkshire Hathaway.

The major financial companies know about it, and IBM as the party naturally knows about it. T. Kari hurriedly inquired about the situation.

Just when Frank S. When T. Carry investigated, Xia Yu had already taken people to Almonk, New York, where IBM's headquarters was located.

For the next plan, Xia Yu must enter the board of directors of IBM and become a director of IBM!

PS: Ask for tickets and order them all, thank you!