Putting money in the bank to sleep was not Tang Bao's original intention, and Tang Bao was desperate to invest the money at this moment. But he was struggling to be tied to school, Aunt Qing usually watched closely, and there was no way to skip class if she wanted to, it was difficult to spare enough time, helplessly, Tang Bao could only gradually reveal his language talent and super learning ability, and applied for the ACT test (American College Admission Test), SAT test (Academic Ability Assessment Test) and TOEFL test, planning to skip the high school study stage directly, and directly enter the university campus with a relatively relaxed and free learning environment, and strive to bring more free time to himself.

"Aunt Qing, I have taken the ACT test, SAT test, and TOEFL test, if I pass the test, I can apply to the university directly." In Xu Qing's chattering voice, Tang Bao finally couldn't bear it anymore and told him about taking the exam.

"Took the ACT? How am I not clear? You've only been in the U.S. for a long time, and you want to run before you learn to walk, isn't it a waste of money to take the test. Forget it, it's time to meet the world. Xu Qing said, in her opinion, Tang Bao was not even familiar with English, how could he pass the test.

Tang Bao was depressed.

Secretly, I could have run, but I just stopped for a walk before.

Aunt Qing is my sister-in-law's best friend, and my sister-in-law asked her to take care of him, and she is really dedicated to taking care of him, but for Tang Bao at this moment, Aunt Qing's discipline is precisely restricting his development, so Tang Bao plans to be admitted to the university, and when he moves into the university dormitory to live alone, he will not have this feeling of being constrained.

It is common for Xu Qing not to believe that he can pass the ACT test.

on this.

Tang Bao didn't argue, anyway, when the results came out, he didn't have to say anything.

……

"Hey."

Xu Qing picked up the phone and said.

"Hello, is it Mr. Tang Bao's house?" The voice from the other side was very humble, and Xu Qing was slightly stunned when she heard it, "Mr. Tang Bao", a little kid is still called Mr. It sounded very weird but didn't think much about it, knowing that it should be looking for Tang Bao, he turned his head and shouted, "Xiaobao, looking for you, hurry up and answer the phone." ”

Hear the words.

A black line suddenly appeared on Tang Bao's forehead, he had already protested to Xu Qing many times, hoping to change his name and stop calling "Xiaobao", but he didn't succeed. Hearing the word Xiaobao, Tang Bao always unconsciously remembered Lord Wei in the Deer and Ding Ji, which is also the reason why he is particularly resistant to the title of Xiaobao.

"I'm Tang Bao, who are you?" Tang Bao asked, after coming to the United States for so long, no one has been looking for him except for a transatlantic phone call from his family.

"Hello, Mr. Tang Bao, I'm Miller from Citibank, and the matter of your previous entrustment to us to purchase Microsoft shares has progressed, and you need to come over and sign to complete the equity delivery." Miller said politely.

"Okay."

Tang Bao put down the phone and shouted, "Aunt Qing, I have something to go out, and I won't be eating at home at noon today." After saying that, he left in a hurry.

It's Citi.

Even if it does not grow into a financial giant in later generations, it is still not to be underestimated, and the progress that Miller said must be the equity acquired from other shareholders of Microsoft, otherwise, in terms of the number of shares circulating on the exchange, he will not receive much in half a month, and there is no need to trouble him to sign for it.

More than an hour later.

Tang Bao came to Citibank, and under the guidance of the staff, went directly to Miller's office.

"Mr. Tang, you're here."

Seeing Tang Bao coming, Miller hurriedly smiled and got up to greet him.

After taking a seat.

Tang Bao sat quietly, looking forward to how many Microsoft shares Citi had helped him buy.

"We've been in contact with Bill, Paul and a dozen other funds, and given the strong performance of Microsoft's stock and the soaring stock price, most institutional investors are very bullish on Microsoft's prospects and are reluctant to sell the stock too soon. However, we still acquired a total of 1.83% of the shares from three investment funds. In addition, Paul intends to sell 3% of the stock! The purchase price is at a 30% premium, or about $65 per share, for a total of $47.9 million! "Miller gets straight to the point." Counting the outstanding shares acquired on the exchange, which add up to more than 5% of the shares, Mr. Tang must disclose his shareholding to the SEC once the equity transaction is completed. ”

In the United States.

When the acquirer acquires 5% or more of the equity of the listed company, it must fulfill the disclosure obligation and file with the SEC, the New York Stock Exchange and the target company within 10 days, and then supplement the filing with the above-mentioned institutions in a timely manner for every 1% of the shares sold or bought.

on this.

Tang Bao is not very worried, Microsoft is far from reaching the height of later generations, even if he increases his holdings of Microsoft shares, there is not much resistance, and the disclosure of equity information does not matter.

"Good."

After listening to Miller's narration, Tang Bao was very satisfied. Being able to buy 5% of Microsoft stock has greatly exceeded his expectations.

"Actually, Bill also intends to sell a small amount of shares to cash in, but he is particularly interested in the control of the company's board of directors."

"Oh?"

Tang Bao was slightly surprised when he heard that Bill was also going to sell his shares for cash, but he thought that Microsoft had only been listed for a few months, and Bill, as the founder and largest shareholder, had a lock-up period for the shares he held, so he couldn't enter the exchange for trading at the first time. "How many shares is he selling?"

"Up to 5% of the shares." Miller quickly replied, it seems that the previous communication with Bill was very in-depth, and he has learned the other party's bottom line.

"Okay, I want these stocks. He was worried that the board of directors would get out of control, but it would be easier to solve it, and the voting rights of the 5% of the shares I bought from him were entrusted to him for free. And I can guarantee that when this batch of shares is sold in the future, Bill will have the right of first refusal under the same conditions. Tang Bao thought about it for a while, and then put forward his own suggestion. Microsoft is already a very promising technology company, and it is very likely that he wants to take a controlling stake to attract the attention and intervention of the U.S. government.

From the very beginning, Tang Bao planned to acquire Microsoft shares, but never thought of intervening in Microsoft's operation, just a pure capital investment.

"Ah, then this deal should be fine. Since you delegate the voting rights to him for free, I think the purchase price will be lower. ”

……

Soon.

With a pre-drafted Microsoft stock voting rights entrustment agreement and Tang Bao's signature, Bill happily sold a 5% stake for $60 million, and he still owns 44% of the shares, making him the largest shareholder.

So far.

Including the shares acquired from the market, Tang Bao already holds 11.89% of Microsoft's shares, making it the third largest shareholder of Microsoft.

"Okay."

Holding 11.89% of Microsoft's shares, Tang Bao stopped the acquisition, and it was already a huge surprise to be able to get 8% of the shares from Microsoft's two founders. The acquisition cost more than $140 million, while Citi received a commission of $3 million.

Miller was also very happy.

The commission of 3 million US dollars was second, and the key was that Citi's stock acquisition commission was completed very well, which was recognized by Tang Bao as a major customer.