took the shares in Ronald's hands smoothly.

Now the shares obtained by the European Emperor Fund, plus the shares in Wang Ye's personal hands, have accounted for 22.5% of the total share capital of Estee Lauder Companies, which are all Class B shares.

In addition, Euroemperor Fund also acquired about 25 Class A shares from the liquid market and various asset management companies.

If the voting rights are calculated, then the voting rights controlled by Wang Ye are a total of 250!

The Lauder family, with only 24.6 shares in their hands, is all Class A shares. The voting rights totaled 246.

In other words, on the board of directors, Wang Ye's voice has surpassed that of the Lauder family!

……

When Ronald handed the share transfer agreement reached with the European Emperor Fund to his brother Leonard.

Leonard was really stunned, he never expected that this thing would be true, originally he thought it was a little trick played by his younger brother.

"Really sold?" Leonard asked, looking at his brother dumbfounded.

"Yes, a formal agreement has been signed, brother, do you see it now, there is really someone willing to pay such a high price to buy my shares. Ronald said smugly.

Looking at his younger brother Ronald's smug face, Ronald really wanted to go up and give him a hard left hook, this loser!

The country that his mother worked so hard to fight was betrayed by him like this.

Losing these shares in his brother's hands, Leonard knew that the family's control over the Estée Lauder Company had been greatly reduced.

By the way, who exactly are these shares sold to?

Leonard picked up the agreement and saw the equity transferee at first sight: the European Royal Fund!

He had heard about this fund for a long time, and in the second half of last year, it was widely circulated in the upper circles of Europe and the United States.

This is formed by several old royal families in Europe, and I heard that those royal families have merged all the family funds, which can be said to have wiped out the family funds.

It can also be seen how important this fund is for several royal families.

What is outrageous is that this fund is actually controlled by a Chinese national, and it also occupies an absolute controlling stake!

That person is Wang Ye!

Thinking of this, Leonard instantly understood something.

Wang Ye ......

The Floating Flower Company, which is his, has now been merged into The Estée Lauder Companies in exchange for $6.7 billion worth of Class B shares.

Now, the European Emperor Fund, which Wang Ye controls, has acquired Class B shares with a market value of $6 billion from his younger brother!

Reminiscent of the previous paragraph, some familiar rumors from asset management companies that some people are secretly buying tradable shares.

So, now in Wang Ye's hands, the shares of the company he holds should have surpassed the Lauder family......

Thinking of this, Leonard's face changed drastically, and he couldn't care about talking nonsense with his brother anymore, so he rushed out of the office and came to the office of the chairman, that is, his son William.

"You immediately contact all the asset management companies and funds that can be contacted to hold shares in our company, and our family wants to carry out a share buyback!"

William saw his father walk in in a panic and said such a thing, and he was confused for a while.

"What's wrong father, what's going on. ”

Leonard briefly told his younger brother Ronald about the transfer of shares to the European Emperor Fund, as well as his own speculation.

Then he urged: "Hurry up and get in touch, I'll raise funds, time is the most precious now, we must buy enough tradable shares before Wang Ye!"

William was also shocked, and before he could react for a while, he opened his mouth and asked stupidly, "Then how many shares do we have to buy back to ensure our family's control of the company?"

Leonard calculated for a moment and said: "As long as we can get 17 outstanding shares, then our family's voice on the board of directors will exceed 50, and it will be impossible for Wang Ye to get more shares." ”

Leonard is a good man, and as far as he knows, Wang Ye already has 22.5 Class B shares in his hands.

The Lauder family, because his younger brother Ronald transferred all the shares in his hands, also owns 24.6 Class B shares.

This is all caused by the merger and acquisition of the floating flower company, if it is not the merger and acquisition of that company, the Lauder family holds 40 class B shares and has 87 voting rights, how can there be such a predicament today!

As for the outside outstanding shares, that is, 52.9 of the total share capital.

So, as long as the Lauder family gets 17 of the outstanding shares, then the voting rights are 263.

Even if Wang Ye buys all the remaining outstanding shares, it will only have 261 voting rights!

The voting rights of all the shares of the company, combined, are 524.

What's more, it shouldn't be difficult to acquire 17 outstanding shares, but if you want to buy all the outstanding shares, it will be too difficult.

Because there are always some investors who are reluctant to transfer, or in other words, if they want to get those shares, they need to pay too much price.

……

Leonard and his son immediately took action, and the two had a clear division of labor.

Leonard went to raise funds and wanted to acquire 17 outstanding shares, according to the valuation of $56.7 billion after Estee Lauder's acquisition of Fuhua, that would also require 9.64 billion!

This is still a situation where there is no premium, of course, these Class A tradable shares and Class B shares are not comparable, and the premium will certainly not be too high.

But according to the 20 premium, it also needs to prepare 11.6 billion, US dollars!

The day before, his younger brother Ronald asked him to buy those Class B shares, which required $8.4 billion, and Leonard was dismissive and unwilling to pay that money.

But a day, in less than 24 hours, he needed to raise $11.6 billion to fight a battle for control!

Leonard has been in charge of Estee Lauder for so many years, and he has made extensive contacts in American high society, and at this desperate moment, his power is revealed.

In less than a day, three banks and five asset management companies have been contacted to form a consortium to jointly acquire the outstanding shares of Estee Lauder.

At this moment, the change of the company's major shareholders, coupled with the share repurchase of Lauder Companies, is a major event for listed companies, and of course information disclosure is required.

First, the first piece of information was released by the secretary of the board of directors of Estee Lauder Companies.

The company's major shareholder changed, and Euroemperor Fund acquired all the shares in Ronald's hands and became the new shareholder of Estee Lauder.

As soon as the first one was sent out, before investors could react, the second message followed.

Mr. Leonard believes that the company's share price is below the company's actual value, and has the support of a number of financial institutions to increase his shareholding.

These two pieces of news have been released, and many keen institutional investors can see that there is a problem.

Not long ago, Estee Lauder acquired Fuhua Cosmetics Company, and Wang Ye became the company's largest individual shareholder.

In addition, the actual controller of the European Emperor Fund, ordinary people may not pay attention to it, but institutional investors must know that it is Wang Ye.

Everyone understands that this is a battle for control of the company that broke out between Wang Ye and the Lauder family!

The head of the company, which holds shares in the Estee Lauder Companies, is excited, and in this kind of battle, both sides are rushing to buy outstanding shares.

Selling to whom is it is not selling, so it is the one with the highest price who gets it......

Leonard rushed into the battlefield waving a check, and the father and son began to contact various shareholding institutions to negotiate a buyback.

Of course, they have a lot of choice, and the premium is not high, 15 premium to talk about.

On the other side, Wang Ye did not move.

At the Four Seasons Hotel in Queens, where the team of the European Emperor Fund stayed, Wang Ye also rushed over from Pengcheng.

It's the finale soon, and of course he, the protagonist, has to be there.

Now on this side, there are Charles, Frederick, plus Wang Ye, the three of them are the main.

"Wang Ye, what should we do now, we have only acquired 25 outstanding shares, but we have no funds!" Frederick said anxiously.

If Leonard and his son didn't react, then the shares they held now were enough to defeat each other.

However, now the other party has reacted and increased its holdings, according to the information found, this time Leonard and his son are going to buy 17 outstanding shares and get more than 50 voting rights.

On your own side, there is no chance of winning at all.

For this "elephant swallowing plan", 20 billion US dollars were prepared in advance, plus the remaining 3 billion US dollars of the foundation, which is 23 billion.

However, just to get those Class B shares in Ronald's hands, he paid $8.4 billion. It cost $12 billion to acquire the 25 outstanding shares, which is still basically not many.

Funds are almost depleted.

If you have been preparing for so long, spending so much energy and financial resources, and then you can't get control on the board, it is tantamount to a complete failure of this plan.

It can be expected that in the days to come, Leonard and his son will definitely take advantage of their convenience of controlling the board of directors and slowly encroach on the interests of their own side, until their side is disheartened and transfers shares at a low price!

Riding into a very promising company, coupled with a huge investment of more than 20 billion US dollars, is it in exchange for this ending, Frederick can't accept it.

Charles was much calmer than him, sitting there silently looking at Wang Ye.

Wang Ye smiled and reassured: "Don't worry, since it is obvious that Leonard and his son know our purpose, how can I not make preparations." ”

Frederick's eyes lit up and he asked, "Is there any backhand, is there any certainty of victory?"

Charles next to him also pricked up his ears with concern, wanting to hear what Wang Ye had to say.

Wang Ye smiled mysteriously and said: "This matter cannot be revealed yet, and everyone will know when Leonard and his son convene a board meeting to announce the victory." ”

Although Frederick really wanted to know now, Wang Ye didn't say that he had no choice but to comfort himself, when did Wang Ye disappoint people, it was better to believe him.

……

On the other hand, the buyback did go smoothly for Leonard and his sons.

They first bought the outstanding shares at a premium of 15 percent, and there were some holding institutions that wanted to get a handle and ask for a higher price.

It turned out that the other side of this war, the European Emperor Fund, did not end!

In addition, what was supposed to be a seller's market for two buyers has suddenly turned into a buyer's market with only one seller but multiple sellers.

It was Leonard's turn to take care of it, and their bid was immediately reduced to a premium of 10.

Although they wondered in their hearts, the smooth share buyback also made Leonard and his son excited.

After all, it cost a lot less to successfully acquire 17 outstanding shares, and this time, the victory is in hand.

For Wang Ye's quietness, Leonard couldn't guess what kind of medicine was sold in his gourd.

Do you want to repeat the old trick and buy the shares of your own family members?

Don't think about it this time, you have the right of first refusal, no matter which member of the family wants to sell the shares, even if Wang Ye pays a high price, he will take it!

What's more, none of the members want to sell their shares, at least not now, and that's enough.

……

After getting enough shares, Leonard excitedly asked his son to send out a notice that the new Estee Lauder board of directors would be convened immediately!

At this meeting, he was going to take a look at Wang Ye's frustrated expression, and then "elegantly" mock it.

Just like in the past, he mocked his younger brother.

Oh, by the way, you can also invite your brother Ronald to sit on the board, after all, he is also a member of the family.

Thinking of this, Leonard couldn't help but laugh out loud.

……

By the time Estée Lauder's board of directors met, it was the end of March.

At Estée Lauder headquarters, in that artsy building, the board of directors was officially convened.

A huge mahogany conference table separates the two sides.

On one side of the conference table, naturally, are members of the Lauder family. Leonard took the lead, and behind him were the main members of the Extreme family. He has his own daughter Jane, Ronald's daughter Linda, and his grandson Damm.

As for his son, William, he is the chairman of the board of directors and, of course, sits at the head of the conference table.

On the other side, there is the representative of the European Emperor Fund, Frederick, Wang Ye, the major shareholder of the individual, and the representatives of several asset management companies that continue to hold shares.

Oh, at the other end of the conference table, there is still a lonely person sitting, and that is the company's EO Fu Yide.

Of course, no one will pay attention to him, because his attitude does not matter.

By the way, behind Fu Yide, there is still a person sitting in the corner, that is Ronald!

Ronald, who no longer has shares, is not qualified to sit at the conference table, and when Leonard invited him, he thought that Ronald would refuse in anger.

Unexpectedly, Ronald agreed to it, which surprised Leonard a little.

Haven't you heard about the fact that you have raised a huge amount of money to buy back shares?

But he didn't think much of it, because he knew that Ronald had just gone to London and participated in some auction.

It is said that he made a big splash at the auction, spent hundreds of millions of dollars, and bought a lot of world-class famous paintings. Maybe this idiot really doesn't know what's going on.

Come here today, maybe waiting to see your own jokes, but unfortunately, I'm going to disappoint him.

……

Leonard and Wang Ye sat facing each other, and he kept looking Wang Ye up and down, and he also sighed a lot.

It's this young man who is about the same age as his grandson, and he almost made a big mistake!