Chapter 751 - Option Backtracking (1st Update)
"Ms. Shen, it is said that Matrix will acquire Apple in the form of cash and stock, is this news true?"
"Jessica, Apple's stock has risen 16% since yesterday, will this affect Matrix's acquisition plan for Apple?"
"Ms. Shen, there are rumors that the acquisition of Salomon Smith Barney provided financial support to Matrix, did Zack, as a director of Salomon Smith Barney, lobby the board for this acquisition?"
"Will Zack's personal feud with Steve Jobs affect the acquisition?"
"I'm James Rhodes a reporter for N, and now that Apple acquisition rumors are rife, we want Zack to be interviewed in person. Vertex updates the fastest"
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After the news of the acquisition broke, Matrix's public relations department was occupied by reporters from major media outlets, and Matrix was going to buy Apple, which was like Mars hitting Earth for the media in the technology and finance sectors.
Shen Mingjie smiled professionally, "I'm sorry, it's a period of silence, everything is subject to the information disclosed by the boards of directors of both parties, Matrix will also communicate with the SEC regularly, and any situation will be announced in a timely manner, please understand." As far as I know, Steve Jobs is a legend who defined the modern personal computer, and Zack is also a big admirer of Jobs' abilities. As for the personal relationship between the two, it's better for you to ask them personally. ”
As with IPOs, there is also a period of silence when acquiring a publicly traded company, during which both the acquirer and the acquiree are subject to strict restrictions on the SEC's (Securities and Exchange Commission) to prevent artificial speculation of the stock price and causing turmoil in the stock market.
But Shen Mingjie's statement also proves in disguise that Matrix has indeed filed with the SEC and does have plans to acquire Apple.
"We currently control 36.7% of Apple's share capital, and we have control of Apple, regardless of whether the opposing board of directors agrees with our acquisition proposal. Tim Cook stood in front of the projector and analyzed the current acquisition situation for Zhang Chen.
Zhang Chen nodded: "It's a good job, but Apple's stock price has risen a little fast recently, will it have an adverse impact on our acquisition?"
Tim Cook lifted his glasses: "It does have a certain impact, but we have already released the news of the unfavorable acquisition due to Steve Jobs' opposition at noon, and it should be reflected in the stock price in the afternoon." According to our survey, more than 65% of Apple shareholders support Matrix's acquisition of Apple. ”
"Don't take it lightly. Zhang Chen's face was solemn, "If Jobs and Larry Ellison reach an alliance and intervene in this acquisition, there will still be many variables." ”
Tim Cook said softly: "Larry Ellison has indeed announced that if we buy Apple, he will support Jobs in a management buyout of Apple and will take Apple private, but Jobs has not responded to this. ”
The corners of Zhang Chen's mouth are slightly upturned, in this world, he may be the most confident person in Apple, even more confident than Jobs in Apple.
For Jobs, Apple was indeed close to his heart, which is why he was bent on taking back control of Apple. But that doesn't mean he's really bullish on Apple, or that he really believes he can save Apple. If he really believed that he could do it, with his financial resources and Larry Ellison's support, he would have bought Apple with his own money.
Jobs now has a paper fortune of at least a billion dollars, and a Pixar alone, if sold, will not be worth less than a billion.
Moreover, just after he returned to Apple, he got the options granted to him by the board of directors, and soon did the repricing of the options and the option backtracking, and he alone made millions of dollars in profits from Apple. And Apple has paid tens of millions of dollars for this, which is undoubtedly a kind of aggravation for Apple, which is overstretched.
For example, Zhang San became an executive of a company on a certain day, month, and year, and when he signed the contract, he was given 100,000 options, and the price of the options was the current stock price, such as 10 yuan, and it was agreed that he could sell it after one or two years, and the proceeds from the increase in the stock price would belong to him. But Zhang San worked for two years, and when it was time to exercise the option, he found that the stock price not only did not rise compared with when he joined the company, but fell, and the stock price became 9.5 yuan.
At this time, the board of directors waved a big pen, okay, allowed Zhang San's options to do option backtracking, and the execution time was not determined at the present, but at the highest point of the stock price in the past year, and the highest stock price was 12 yuan, so good, Zhang San's options were sold, and each share earned an extra 2 yuan. In other words, Zhang San took an extra 200,000 yuan from the company at once.
This is undoubtedly a harm to the interests of the company, but also to the interests of shareholders and unfairness to other managers.
When Mr. Jobs returned to power, he not only repriced the options of other executives who held options, but also allowed the board of directors to look back on options, including his millions of options.
If Steve Jobs is really so optimistic that Apple can turn things around, how can he do so many things that hurt Apple's interests and kill chickens and eggs?
This only shows that even Steve Jobs himself is pessimistic about the future of Apple and will never risk going bankrupt to do an MBO (management buyout).
But it wasn't a problem for Jobs and Larry Ellison to join forces and cause some trouble for themselves.
Zhang Chen looked at the projection played by the projector on the screen in a daze, and suddenly, he called Tim Cook: "Tim, wait a minute, turn back to the page just now, yes, it's the page of volume." ”
Tim Cook flipped the slide back to two pages, Zhang Chen stroked his chin with his hand and squinted, "The transaction volume seems to have suddenly enlarged the day before yesterday, I remember that our acquisition intention was not disclosed at that time, right?"
Tim Cook was stunned for a moment, then turned his head to look at the slide: "Volume is enlarged? This is just a normal range, right?"
Zhang Chen shook his head, picked up the phone and dialed Belrankfen: "Lauerde, let the analysis room help me look at Apple's trading volume a few days ago and make an analysis for me." Focus on the analysis of which companies participated in the change of hands, and in the end Apple shares fell into whose hands. ”
Forty minutes later, Zhang Chen's phone rang.
"Carl Icahn?" Zhang Chen's pupils shrank, "Are you sure?"
"Well, okay, I see, thank you. ”
Zhang Chen put down the phone, his brows furrowed, Carl Icahn?