Chapter 1433: Selling cheaply is the only way out

Li Mu was interested in Apple, which shocked Apple's top management.

They even felt that it would be easier to sell the apple to Buffik, or even to the US government, than to sell it to Li Mu, because they couldn't think of any reason why Li Mu would be willing to buy Apple.

But Lin Qingya clearly conveyed Li Mu's interest in Apple on the phone with Tim Cook, and Lin Qingya took the initiative to interview Tim Cook, so this will never be a joke.

Although Lin Qingya is young and has shallow qualifications, she is the top person in charge of Makino Technology in the United States, if you really talk about influence, Jobs can't compare to her, because she has the resources of the entire Makino Technology behind her to do strong support, just like a young general who can mobilize thousands of troops to fight on the battlefield, compared with her, Jobs is like an experienced guerrilla leader, with rich combat experience and unique tactics and strategies, but at the moment the fist is far from hard enough.

Thinking of Li Mu not long after he arrived in the United States, Lin Qingya immediately asked Tim Cook to meet, it seems that Li Mu is really interested in Apple, and he asked Lin Qingya to connect with the top core management personnel to deal with this matter, which proves that he attaches great importance to this matter.

Perhaps this is a harbinger of another village.

Apple summoned all the top executives from their homes to the company to immediately hold an emergency meeting, at which Tim Cook gave a general briefing, and then the management representatives were on the spot, immediately holding a quick vote on one issue.

The chairman of the board of directors said: "Ladies and gentlemen, those who think that the acquisition offer of Makino Technology should be rejected, please raise your hand, if the voting rights represented by the show of hands exceed 60%, Tim will directly reject Lin Qingya of Makino Technology tomorrow." ”

After three seconds, no one raised their hand.

The chairman of the board of directors himself was a little dumbfounded, and he asked everyone present curiously: "Ladies and gentlemen, Li Mu is the culprit behind Apple's plummeting market value and profits, don't any of you think we should have more backbone on this issue?"

A member of the board of directors pouted and said: "As early as 1853, our country's navy under the command of General Perry bombarded Japan with artillery, and during World War II, it dropped two atomic bombs on Japan, and almost bombed Tokyo to the ground.

Speaking, the board member said: "I am a very realistic person, we are all businessmen, what we are pursuing is not who has hurt us, but who can bring us benefits in the present and the future, our current predicament, it is almost impossible to get out on your own, in this case, whoever pays the highest price is my father." ”

Another member of the board laughed and said, "Jensen, you said what I wanted to say! We have to look forward rather than backward, I don't hate Li Mu and Makino Technology at all, that's because their blow to Apple is in the past, and we really can't beat each other, and it's not unexpected to be defeated, but I hate the Microsoft guys, they are like robbers who take advantage of the fire, vultures who eat people and don't spit out bones!"

The chairman of the board of directors was pleased: "I am very pleased to see that everyone is so mature. ”

After that, he said with a straight face: "Since Li Mu wants to buy Apple, then we will actively cooperate, meet, set up projects, negotiate, due diligence, we actively cooperate with all the needs of Muye Technology, as long as he can give us a satisfactory offer, it doesn't matter what else does, it is our most important task to sell the company at the highest price as soon as possible." ”

Someone asked: "How do we quote Li Mu? No matter how he reports, we always have to give an offer, and at the same time set our bottom line price." ”

"That's the main reason why I have people coming to meetings. The chairman of the board of directors said: "Our stock price has not stopped falling until now. The news that Rubin joined Makino Technology to be responsible for the research and development of Mango product line technology made investors even more unoptimistic about us, our competitors have already crushed us, and at the same time we are persevering to continue to improve ourselves, and we have not announced any plans to the outside world, and even did not give the outside world any information that may save the situation, which makes our investors even less confident, continue like this, the market value of less than three billion US dollars is just around the corner. ”

Someone said: "We might as well ask Li Mu for mergers and acquisitions, we take the existing market value as the benchmark, and Makino Technology takes the valuation of the capital market as the benchmark, so that if Makino Technology is 90 billion, we are 3 billion, and the merger and acquisition of Makino Technology will account for at least 3.2% of Makino Technology after the merger and acquisition We might as well fight for it tomorrow to see if we can achieve 3.5-4 percentage points, so that after Makino Technology is listed, we will hold this share for two years, and it is likely that we will make up for all the losses we have lost in Apple, and there will even be very objective gains. ”

As soon as these words came out, everyone looked at him as if they were mentally retarded, and the chairman of the board of directors asked him, "Tom, how old is your son?"

"Eight-year-old, what's wrong?"

"Are you interested in adopting a child? This child has a certain disability. ”

Tom shrugged his shoulders and said, "Your analogy is inappropriate, adopting a child is pure giving, buying a company is about making a profit in the future." ”

“OK。 The chairman of the board of directors nodded, and then asked him, "Would you like to adopt this disabled child and raise him to be an adult and send him to Harvard University, so that all the money he earns in the future will go to you after deducting his personal expenses?"

Tom said: "It depends on how much potential this child has, and if Makino Technology wants to buy us, it will definitely make an in-depth consideration of our future potential." ”

The chairman of the board of directors said: "You have overlooked the fact that you have to see the child's future potential, but you have not thought about how much it will cost to raise him as an adult, and you have ignored the fact that the child is disabled, which means that you have to cure his illness and provide him with food, drink, clothing and education, so that he can help you make money." ”

Tom stretched out his hands: "Li Mu has money, and what he pursues may be ......"

The chairman of the board of directors interrupted him and said, "I haven't finished speaking, originally you just adopted this child and spent money to raise him for treatment, but now he needs an organ in your son's body to save his life, but you can rest assured, what he needs is not an indispensable organ, but the loss of some organs that will not affect his life too much, such as a cornea, a kidney, or a liver." ”

"That's enough!" Tom said with an ugly expression, "I just want to help everyone get the best interest, but you use my son as a metaphor and say such difficult words, isn't it?"

The chairman of the board of directors sneered and said: "I'm just making an analogy with your son, you can't stand it, but you want Li Mu to take some organs from his son and give it to you? Are you kicked in the head by a donkey? What kind of reaction do you think Li Mu will make if Tim really asks Lin Qingya for 4% of Apple's shares tomorrow? I guess he will immediately give up the acquisition and give us another bullet in the heart!"

Tom was a little embarrassed all of a sudden, the anger just now had long since dissipated, and all that was left was fear.

Lust for profit thinks that he is the smartest in the world, and everyone else is a stupid X who lacks the ability to think, and in the end, the chickens and eggs are all such people.

The other members of the board of directors thoroughly figured out Apple's current situation through a series of metaphors just now made by the chairman of the board of directors, and they were all dragons and phoenixes among the people, but when they got together, they were confused, and this metaphor allowed them to see the whole situation from the perspective of a bystander for the first time.

Apple is the disabled child waiting for adoption in the mouth of the chairman of the board of directors, and it is already his greatest luck to be lucky to meet someone who is willing to adopt him.

Therefore, this also means that it is best not to even think about the acquisition of Apple by Makino Technology, because if you think too much, if you say bald, maybe Li Mu will directly Say-Goodbye.

There is no possibility of mergers and acquisitions, and the only thing left may be to bargain for sale.

So, how to make an offer to Li Mu? On the basis of the existing stock price, and then ask for a certain premium? That is simply a dream idea, because with Apple's current situation, let alone give a certain premium on the existing stock price, even if Apple wants to sell all the shares in its hands according to the market value, it is impossible to cash out.

The reason why this is impossible is because Apple, as a listed company, although most of its shares are in the hands of the board of directors, there are still some shares circulating in the market, and these shares are purchased by a large number of investors.

That is to say, if a certain capital has 10% of Apple shares, if they want to cash out the 10%, it is not as simple as selling the stock directly on the stock market, they must first disclose the reduction in advance in accordance with the requirements of the market, and go through a large number of bloated and slow processes, and finally after a long process, they can cash out the shares little by little like squeezing toothpaste.

In this way, if Apple shareholders want to reduce their holdings, they must disclose them before reducing their holdings, and once investors find out that Apple shareholders are going to flee, panic will trigger a greater wave of selling, and the shareholders' shares will not have time to reduce their holdings, and the stock price has fallen to the bottom.

This also means that Apple's shareholders are now deeply trapped investors, and even trying to cash out according to market value has become an impossible task.

Therefore, if Apple's shareholders want to cash out now, not only will it be impossible to get cash according to the market value, but they will have to sacrifice part of their interests to get the opportunity to cash out, which is the key bargaining chip for Li Mu to reduce the price of Apple.

If Apple's market value is 3 billion and the shareholders hold 70% of the shares, then this part is 2.1 billion US dollars according to the market value, and if Li Mu's rhythm is well controlled, it is likely to force Apple shareholders to promise to transfer all the shares in their hands to him at a price of 1.5 billion US dollars, so that he can become the controlling shareholder of Apple.

However, if Li Mu wants Apple to be delisted from the NASDAQ, he must give a premium to the market value of the shares in circulation to ensure the smooth progress of privatization, if the market value of Apple reaches 900 million US dollars, then Li Mu will have to make up their premium, and then recover all the shares from them, if the premium is 40%, it will cost an additional $360 million.

This money seems to be the cost that Li Mu has to bear, but for the Apple board of directors, they know in their hearts that Li Mu will definitely count this part of the cost on their heads.

In this way, not only will they not be able to get money according to the stock price, but they will even be much lower than the stock price.

And given that no one else is interested in Apple anymore, Apple's top management realizes a serious problem: if you want to cash out dozens of stop-losses, selling at a low price is the only way out for Apple!