That night, Arthur Blank met with Bernie Marcus and told him what had happened that morning, and the two had an in-depth conversation.

It doesn't matter what it is.

Importantly, two days later, Xia Yu received a call from Arthur Blank, asking him to visit Home Depot again.

Xia Yu immediately led people there, and met Arthur Blank and Bernie Marcus at Home Depot.

"Hello, Mr. Blank, Mr. Marcus!"

"Mr. Xia, welcome to you!"

After a period of pleasantries, everyone sat down in a small conference room, sitting face to face, as if they were negotiating.

Arthur Blanc and Bernie Marcus glanced at each other, and the former said to Xia Yu: "Mr. Xia, I invited you here this time because of the day before yesterday, I have already discussed with Bernie, and we have preliminarily decided to accept the investment of Polaris Capital." ”

"The exact outcome will need to be negotiated before it can be decided. ”

Xia Yu bowed his head slightly and said, "Of course, cooperation can only be done if both parties are satisfied." ”

"So, is it officially starting now?"

"Okay, let's get started!"

Arthur Blanc smiled and nodded.

Then the negotiation process began.

This is good for private companies that are not listed, and when it comes to making any decision, there are very few steps and it is extremely efficient.

Two days ago, Xia Yu had already given a preliminary plan, and Arthur Blanc and the two had also specially considered it, so now the negotiations are very fast.

The whole negotiation was intermittent and lasted until noon the next day, when the contract was officially signed.

First, Arthur Blanc and Bernie Marcus supported Polaris Capital's acquisition of stakes in more than 100 other minority shareholders.

Second, Home Depot received $10 million in financing from Polaris Capital for $18 million.

Third, Polaris Capital lent $25 million to Home Depot.

At this time, the Home Depot Company had already mortgaged a total of $5 million, so its net worth was only $13 million.

Even after receiving tens of millions of dollars in financing from Polaris Capital, his net worth is only $23 million.

The $25 million loan is beyond the assets of Home Depot, and no financial institution in the world would agree to the loan.

However, Xia Yu knew the future of Home Depot, so he reluctantly agreed to Arthur Blank's condition and won the latter's favor.

The last one is a condition put forward by Arthur Blank after Xia Yu did not agree to the AB share reform.

That is, as long as Home Depot does not lose money for three consecutive years, and Arthur Blanc and Bernie Marcus do not violate the law or intentionally harm the interests of the company, Polaris Capital cannot forcibly fire the two unless they voluntarily leave their jobs.

This condition is a specially established self-insurance clause, and without this, Arthur Blanc is not at ease at all.

After all, the combined equity of the two of them is only 52 percent, and if they raise 10 million US dollars, the combined equity of the two of them is only 33.43 percent, which is very dangerous.

If Polaris Capital acquires all the other shareholders of Home Depot, plus the equity obtained from the financing, the shareholding ratio will reach 66.57%, which is less than 0.1% of the equity to achieve absolute control, and can dominate everything at Home Depot, even including the removal of Arthur Blank as CEO.

After the contract was signed, Xia Yu directly transferred $10 million to the account of Home Depot, and the remaining $25 million loan will be credited to the company in two months.

These two months will be the time for Polaris Capital to acquire the shares of other shareholders.

If the acquisition can be completed in advance, then the funds will also be brought in in advance, which Arthur Blanc also knows that Xia Yu is trying to urge them to help.

The decision to raise the capital was made directly by Arthur Blanc and Bernie Marcus, without a board meeting.

Although there are as many as 144 shareholders of Home Depot, each of them holds no more than 0.5 percent of the shares, and has no opportunity to sit on the board of directors or meddle in the management of Home Depot.

After getting the equity of the financing, Xia Yu did not have time to be responsible for the rest of the equity acquisition process, so he called Peter Lynch and asked him to arrange for the acquisition team to come over and take charge of the equity acquisition.

After the Home Depot was done, Xia Yu specially invited Ted Turner to dinner, made some suggestions for Turner Broadcasting Company and the next lawsuit, and then flew to New York the next day.

After coming to New York, Xia Yu first settled down, then came to Bridgewater Fund and found Rey Dario.

"Rey, have you already done it?"

As soon as he sat down in Rey Dario's office, Xia Yu went straight to the point and asked.

Before flying from San Francisco to Atlanta, Xia Yu suddenly thought of something, so he called Rey Dario to buy the equity of IBM on his behalf.

Today, IBM is indeed worthy of the title of blue giant in the media, but it is the most valuable company in the United States, with a market value of $36.8 billion.

If IBM can be acquired, Xia Yu has the strength to control IBM.

But this kind of thinking can only be thought about when you dream.

If there is a chance, I believe that none of the top ten consortia will not be tempted, and it will not be Xia Yu's turn.

But even if there is no way to control IBM, it is very difficult to acquire shares, but it does not need too much, and a few percent is enough to rush into the ranks of the top ten shareholders, after all, IBM's equity is too dispersed.

Xia Yu wants to get involved in the high-tech industry, and if he gets the equity of IBM and becomes an important shareholder, it will add an efficient increase BUFF to his actions in the semiconductor and software industries, and even play a decisive role.

Today, IBM's power is so strong!

Almost all semiconductor companies and software companies in the United States have to look up to their faces and look at their faces, and if any company can catch IBM's car, it will make a lot of money.

But if it is blocked by IBM, then the future will be bleak.

Rey Dario's face was serious, and he said to Xia Yu: "Boss, I have collected all the information and made a preliminary equity acquisition plan, and now I am short of funds." ”

With IBM's current market value, even if it acquires 1 percent of the equity, it will cost $368 million, and if it acquires 3 percent, it will need more than $1 billion, far exceeding the strength of Bridgewater Fund.

When the Bridgewater Fund was established last year, Xia Yu only gave $100 million in initial capital, which has been used until now, although the Bridgewater Foundation cooperates with banks to use leverage, but it has not been used.

Fortunately, Xia Yu had already told him before that he would provide funds and let Bridgewater Fund Company come forward to acquire it on his behalf.

After all, Polaris Capital is far away in San Francisco on the West Coast, and its branch in New York is still under construction, so it will not be able to operate for the time being.

Now the time is tight and the task is heavy, so I can only trouble Bridgewater Fund to come forward.

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