Chapter 744: The wall fell down and everyone pushed it
Seeing that his plan succeeded, Jing Jian smiled and nodded to Allen: "How much do you Microsoft want?"
Alan thought for a moment: "1%." β
If the pace of the sell-off can be controlled, this 1% can at least cash out more than $50 million. And for the Intel alliance, Wang An Computer is one of the mortal enemies, if Blue Star Network is acquired by Wang An Computer, then Microsoft's shareholding will become meaningless.
However, at this time, Allen was not excessive, he only asked for a 1% share. Jing Jian smiled and asked Se Guang Fumiro: "Then the rest of us are one and a half?"
Sehiro Fumiro was overjoyed, he stood up and bowed to the surroundings repeatedly: "Thank you Jingsang, thank you, thank you very much!"
......
The first problem was finally solved. Both Luther and Phelan were physically and mentally exhausted, and Phelan had to reiterate: "Gentlemen, especially Mr. Bramble, I hope that you will not put obstacles in the way of the merger proposal. For now, you're all getting more or less benefits, so we at the Treasury want all of you to be humble. β
Luther added: "We at the SFC have the same attitude. β
Phelan was not wrong. The stock price has risen wildly, and the major shareholders must have blossomed, and everyone here is worth skyrocketing. Really talking about losses, only those speculators who are short selling. As for the Chinese families who shorted the sale, it was just their own judgment error.
Everyone else was silent, all secretly looking at Jing Jian. Everyone knows that the key today is Jing Jian's attitude.
Jing Jian frowned, seemingly reluctant, and after a long while, he sighed: "Okay, I'm willing to give up the remaining shares of Bluestar.com." β
The atmosphere is relaxed, as long as Jing Jian gives up the competition for the Blue Star Network, it will be the biggest problem to solve.
Then, of course, Jing Jian made his own conditions: "Now the stock price of Wang An Computer is $6.12, and I think the stock price of Bluestar should be between $200 and $300." Two options: either $200 per share in cash, or 1 share for 50 shares of Wang An Computer. Then Jing Jian made a "choose yourself" gesture to Wang Lie.
......
Seeing the poor dagger, Cowell glanced at Jing Jian meaningfully, and sighed in his heart: "The future is terrifying!"
This is actually a variant of the poison pill plan. Generally speaking, the poison pill plan is a hostile takeover of a listed company, once the other party exceeds a certain threshold, such as 20%, then the listed company will automatically activate the clause, at less than half of the existing stock price, a very preferential allocation to all shareholders except the hostile takeover. This has resulted in dilution of equity and a significant increase in acquisition costs, which has deterred hostile takeovers by the other party.
However, it should be noted here that, in principle, the rights and interests of all shareholders should be equal, and it is not possible for one party to be preferential and the other party not to be preferential. So where does the preferential money come from? Of course, it comes from the subsidies of the listed companies themselves. In other words, I spent all my cash and even owed a lot of debt, and if you want a hostile takeover, then let me come and buy my mess?
However, at that time, Bluestar did not have the conditions to implement the poison pill plan, because his profit was very low, his cash flow was very small, and he could not give preferential treatment to the original shareholders at all. So Jing Jian began to speculate again and again, and the specific process will not be repeated, as mentioned above, and gradually speculated the stock price to more than $100.
Subsequently, the outside world has been misjudged, using Wang Lie and Cowell to deal with Jing Jian's various methods, all of which have been transformed into the illusion that "Blue Star Network is about to change hands", which made the stock price rise further, and finally even exceeded $180.
At this time, Bluestar.com has actually become a "poison pill". If Wang Lie gave up, Jing Jian would just keep the Blue Star Network, and if Wang Lie continued to buy it, then feed him the poison pill. At the same time, Jing Jian quietly released the news of $30 per employee internal stock, which attracted a large number of short selling orders at once.
At this time, Wang Lie was already difficult to ride a tiger, especially after the shareholders' meeting, Jing Jian actually gave up completely, and simply ceded the controlling stake of Bluestar Network to Wang Lie, which made Wang Lie have to continue to acquire. Even in the end, Wang An Computer Huashan put forward a takeover offer one by one.
The rest of the story will not be repeated, and everyone was led to today's meeting step by step like marionettes.
Note the following:
First of all, all of Jing Jian's actions did not cost money;
secondly, not only did it not cost money, but it was able to obtain more than $400 million in cash through futures and cash-out;
The third point is quite important. In a normal poison pill program, if the hostile acquirer feels that the gains outweigh the losses, they can stop the acquisition. And this time, Wang Lie's Wang An computer has become obtainable, even if it is a large pot of poison pills, he can only pinch his nose and eat it;
And what about the fourth point? I found that there is a very strange phenomenon now, Wang An Computer's current market value is more than 800 million US dollars, and Bluestar.com has been raised to at least $5 billion?
As for the fifth point, it is also quite important. Due to Wang An's lack of cash and Berneill's bankruptcy, they were no longer able to use cash to buy, and could only exchange shares. In addition, Wang Lie's 480 million Wang An Computer (calculated at a market value of $800 million) and Blue Star Network (calculated at a market value of 5 billion yuan); Jing Jian's 2 billion Blue Star Network? Jing Jian has become the largest shareholder of the new company after the merger! In particular, Jing Jian still has more than 400 million yuan in cash in his hands, and the major financial institutions are very willing to provide large bridge loans, and it does not take much time for Jing Jian to easily exceed his absolute controlling stake of $2.9 billion.
Another point is also quite interesting, in such an exchange, those shares without voting rights of Jingjian Blue Star Network were actually whitewashed? They actually became Wang An computer shares with voting rights? This is really given to you first, and then your belt meat will swallow you all!
......
Thinking of this, Cowell smiled: "I agree in principle with Bramble's plan. "Anyway, the Blue Star stock in his own hands is guaranteed.
Sehiro Fumiro must have agreed immediately, and even Allen nodded in agreement, being able to put Wang An's computer in the hands of his ally Jing Jian is equivalent to eliminating Wang An's computer as a mortal enemy in disguise.
In the end, even Uncle Chen sighed: "Heyββ! you have to talk about the specific plan yourself." If appropriate, we don't have a problem here. β
Wang Lie was already stunned. He couldn't figure it out, how could such a situation suddenly arise? Didn't he just get a controlling stake in Bluestar.com?
The wall is down and everyone pushes it!
(End of volume)