Chapter 773 Holding Qualcomm Corporation
Just when Qualcomm's stock price plummeted wildly again, Yuhong Fund couldn't help jumping out again, attracting everyone's attention. Yuhong Fund officially announced to the market that they have increased their holdings of Qualcomm to 42.5%, which is really only one step away from controlling Qualcomm.
No one expected that Yuhong Fund would start so quickly, and it actually increased its holdings of Qualcomm by 5.5% again in a short period of time, you know, Qualcomm and Goldman Sachs have been boosting Qualcomm's stock price during this time. In other words, this Yuhong fund that suddenly appeared seems to be going to smash Qualcomm to death, and even spends a lot of money to increase its stake in Qualcomm.
In this way, it is really difficult to do, and Qualcomm can basically declare the fall.
At this time, Owen Jacobs realized that James Byrne had been acting to deceive him all along, which was really unbearable. Besides, Owen Jacobs has reached the point where the dog is rushing to jump off the wall, so even the "poison pill plan", which has little effect now, is still on the agenda - he has to fight to the death.
However, the truth is often so cruel that the anti-takeover teams of Owen Jacobs and Goldman Sachs have not yet had time to launch the "poison pill plan". Over there, the Yuhong Fund struck again, stunned everyone at once, and killed all of Owen Jacobs's thoughts of resistance at once.
Not long after Yuhong Fund announced that it would increase its stake in Qualcomm by 42.5%, they once again dropped a bombshell on the market!
This time, it was none other than Qualcomm and Owen Jacobs who stood up and stabbed Qualcomm and Owen Jacobs, but Yingla Investment Company, which was shorted by X Fund before Qualcomm stood up to steal the show, and they stood up again to steal the show.
Yingla Investment Co., Ltd. announced that it has reached an acquisition agreement with Yuhong Fund to sell 8.6% of its shares in Qualcomm at a premium of 10%.
Rumble......
Everyone was stunned, especially Owen Jacobs was directly acting on the spot after hearing the news, there is no doubt that this time the general trend is really gone.
At the same time, the heart of the Goldman Sachs anti-takeover team is also sour, very simply, their mission this time failed. This is nothing, the most important thing is that because of the boost to Qualcomm's stock price, they can be regarded as investing a lot of money in Qualcomm and eating a lot of shares. However, now everything is in vain, because of the strong shorting of Fund X, Goldman Sachs' investment in Qualcomm has lost money, and the magnitude of the loss continues to increase.
If you don't blow it up, once it is not good, Goldman Sachs is likely to suffer a lot of losses on Qualcomm, and Goldman Sachs, which is already in a bad situation, will once again have a wave of "worse things".
After acquiring the shares of Qualcomm in the hands of Yingla Investment Company, the shares of Yuhong Fund have reached 51.1%, officially controlling Qualcomm. At this point, all the resistance of Owen Jacobs will be in vain, and the "poison pill plan" that has been on the way has been withdrawn.
To be honest, Su Chenyu was really a little afraid that Owen Jacobs would come to the "poison pill plan", so he let the Yuhong Fund launch the action in advance. You must know that in Su Chenyu's plan, he is ready to pull Goldman Sachs into this quagmire again, and then act. However, unfortunately, the plan did not change quickly, since the other party was going to use the trump card of the "poison pill plan", then Su Chenyu could only solve Qualcomm first.
As for Goldman Sachs, hehe, although he didn't further trap the other party, but now the degree is enough for Su Chenyu to kill him.
After taking a complete control of Qualcomm, James Byrne's first step on behalf of Yuhong Fund was to stop all the powers of the current board of directors and prepare to restructure the board of directors. Moreover, at the same time, Yuhong Fund is also actively communicating with Qualcomm's management in order to continue to acquire Qualcomm's shares from them.
Again, Qualcomm represents the future, so Su Chenyu will never allow others to interfere with Qualcomm at all - a privatized wholly-owned subsidiary is his only choice.
In order to acquire Qualcomm shares in the hands of Qualcomm management, Yuhong Fund is definitely at any cost, and directly opened Qualcomm's stock price when it did not plummet, and then a premium of 10% - this price is definitely quite attractive.
It turned out to be very attractive, because the subsequent acquisition of Yuhong Fund went very smoothly, and it has basically eaten all the shares in the hands of Qualcomm management. Of course, at the same time, Yuhong Fund's stake has also skyrocketed from 51.1% to 62.5%, which is less than 13% away from the 75% privatization floor.
It seems that they were aware of the Yuhong Fund's intentions, so Owen Jacobs and Goldman Sachs did not immediately retreat from the battlefield after losing the battle for control of Qualcomm, but chose to continue to hold on. Therefore, Owen Jacobs and Goldman Sachs continue to increase their holdings of Qualcomm in the secondary market, just to prevent Qualcomm from being privatized by Yuhong Fund, so it can really only be slaughtered by others at that time.
Su Chenyu naturally saw the moves of Owen Jacobs and Goldman Sachs clearly, but now that he has controlled Qualcomm, the next place is his home field, he can play as much as he wants, and he is not afraid that they will make any trouble.
Besides, after Su Chenyu takes control of Qualcomm, he still has more interests, and the privatization of Qualcomm is just one of the small steps. As for Su Chenyu's real goal, hehe, do you still need to ask? Naturally, it is......
Owen Jacobs now holds 18.3 percent of the shares, while Goldman Sachs holds 5.4 percent of the shares, and the two parties hold nearly 24 percent of the shares, which is only 1 percent away from the bottom line of limiting Su Chenyu to 25 percent.
Therefore, Goldman Sachs, which has fallen deeper and deeper in the quagmire of Qualcomm, decided to give it a go and directly increased its stake in its hands to 7%, so that the shares in the hands of Goldman Sachs and Owen Jacobs officially exceeded 25% - the conspiracy of Yuhong Fund to privatize Qualcomm is officially bankrupt!
Is that so?
Hehe, no one thought that when Goldman Sachs increased its stake in Qualcomm in the secondary market, Owen Jacobs, the "former" chairman of Qualcomm, went to meet someone......