My Cold And Beautiful CEO

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"What? This is a bit too cruel. The influence of the poison pill plan is difficult to eliminate, you have to think clearly." Hua Ximeng raised her head suddenly, with a surprised expression on her face.

The poison pill plan, also known as equity dilution anti-merger strategy, is an anti-acquisition measure that increases the cost of mergers and acquisitions of mergers and acquisitions and causes the target company's merger attractiveness to decrease rapidly. The poison pill plan will not take effect in normal times, and only when the enterprise faces the threat of being merged and acquired, the poison pill plan will be activated.

Once a company encounters a hostile takeover, especially when the acquirer owns 10% to 20% of the shares, the company will issue a large number of new shares at low prices in order to maintain its controlling stake. The purpose is to reduce the proportion of shares held by the acquirer, which also dilutes the equity, and at the same time increases the acquisition cost, so that the acquirer cannot achieve the goal of holding shares.

There are many ways of the poison pill plan. One is to owe a large amount of debts, such as redeeming a large number of stocks and repaying all loans immediately. Ma has to face this big hole; either sign a collective job-hopping agreement with the company's top management, and once you buy it, we will leave immediately and so on. . .

Once the poison pill plan is adopted, it will have at least two effects: first, it will have a deterrent effect on hostile bidders; second, the number of acquirers interested in the company that adopts the plan will decrease.

It is not that there are no cases of poison pill plans in China. Thinking back to the time when the Moulang Group, which was famous on a Weibo social platform, was targeted by one of the top interactive entertainment media companies in China named Mousheng, the Moulang Group was driven to a dead end and adopted The poison pill plan, in the end, Sheng had no choice but to give up the acquisition plan.

Of course, there are advantages and disadvantages. The poison pill plan can keep the ownership of the company, but it also has its disadvantages. This is a way to kill one thousand and lose eight hundred.

First of all, the poison pill plan is not conducive to the increase of the wealth of the original shareholders of the company. It is believed that this is a way for the management to retain its control over the company, causing the management to sometimes ignore the interests of other shareholders.

Secondly, the poison pill plan increases the management costs and expenses of the target company. The company needs to allocate funds to implement the poison pill plan. On the one hand, it is to correct the company’s poor operating conditions and improve the company’s governance; on the other hand, it is also to hinder the acquisition of the acquirer. .

Furthermore, the implementation of the poison pill plan has lowered the rating of corporate governance, which will give the outside world a bad impression that the company is protected by layers, which will affect the company's financing, reduce the company's value, and reduce other investors' desire to invest in the target company. The reputation and other interests of the target company have declined.

Finally, the poison pill plan is not conducive to the free circulation of company capital. It not only hinders the acquisition of the company by the acquirer, but also hinders the transaction of the company's capital by ordinary traders. It not only hinders the hostile acquirer, but also hinders the transaction of the good-faith buyer. This is not conducive to the company's formation of sufficient sources of funds and expansion of fund-raising channels, and ultimately is not conducive to the company's long-term development.

Mu Qianxue naturally understood its pros and cons, and said helplessly: "I also know it's not good, so I said, I won't use it unless it is absolutely necessary, but if it really comes to that point, in order to keep the ownership of the company, I can only I did it! Time is running out, don't look at those shareholders who are still hesitating, maybe someone has reached an oral agreement with the other party in private, and Mu Qing is definitely not on our side, I really I really don't want to watch my parents spend their entire lives making wedding dresses for others! Or, Mr. Hua, do you have a better way?"

"It's not impossible, there is no unparalleled road." Hua Ximeng comforted.

The enemy is far from cool

Mu Qianxue smiled and didn't take it seriously; "I know what Mr. Hua means, you want me to invite the white knight, right?"

In hostile takeovers, white knights and black knights are opposite concepts. Usually, the management of a company seeks a "friendly" company for merger in order to prevent hostile takeovers.

And this "friendly" company is known as the "white knight".

The enemy's investigation will be cold after a month

Mu Qianxue smiled and didn't take it seriously; "I know what Mr. Hua means, you want me to invite the white knight, right?"

Fang Sun Xue Moyue Enmity Fan

A higher price is used to deal with hostile mergers, resulting in a situation where a third party competes with the hostile acquirer to acquire the target company. In this case, the hostile acquirer either raises the M\u0026A price or abandons the M\u0026A. Generally speaking, if the bid of the hostile acquirer is not very high, the chances of the target company being rescued by the "white knight" are high. If the hostile acquirer puts forward a high bid, the cost of the "white knight" will increase accordingly, and the chance of the target company being rescued is small.

To put it bluntly, when someone wants to take over your company hostilely, please ask a high-ranking person to raise the price with him to increase the acquisition cost of the opponent, similar to the "trust" during an auction. This trick is more effective when the ambition is not certain, or when the opponent is not strong, but this approach is obviously "rather with the allies than with the slaves", and the "white knight" is not invited for nothing!

It's just that the trees fell and the monkeys scattered, and the walls fell and everyone pushed them away. Although the Mu Group is also well-known in the business world, it really encountered such a life-and-death crisis. Those original partners and so-called friends all shrank their heads. People dare to say anything.

Even so, Mu Qianxue didn't dare to agree rashly. You know, generally speaking, the acquisition by the "white knight" supported by the management is very likely to succeed. Who knows if the other party will turn into a black knight?

"Mr. Hua, you also know that with the current situation of the Mu family, who else would dare to play the role of the white knight? Ordinary small companies simply don't have such sufficient liquidity. The old fox, their true colors may not be much better than each other." Mu Qianxue smiled helplessly, a clever woman can hardly cook without rice, and there are actually many ways to crack the bear-style hug, but no matter what the method is, enough money is an indispensable condition, and Now, what Mu Qianxue lacks is money, without money, all operations are empty talk.

"Hey." Hua Ximeng sighed, and she had to admit that what Mu Qianxue said was the truth. After hesitating for a while, she suddenly gritted her teeth and said ruthlessly, "Mr. Mu, I will take care of other people's affairs." No, but at least I can take care of myself, Ximeng Group and I are willing to take on the white knight this time, don't worry, I won't impose any excessive conditions."

Mu Qianxue was stunned, staring at Hua Ximeng in a daze. She never expected that Hua Ximeng would be willing to play such a thankless role. At the same time, she felt a little bitter in her heart. She is willing to wade into this muddy water for someone, but she never thought that Hua Ximeng could do this for Qin Hao.

"No need, Mr. Hua, you have helped me a lot. I was not in the company before, and I am really grateful for your willingness to help. But this time, you really don't have to put yourself in it. The opponent is the golden partner." , I checked their information. This company has been infiltrated by many internationally renowned chaebols and investment groups not long ago, and the controller and board of directors have changed. If they really insist on acquiring Mushi, and Even the Ximeng Group can't do that group of capital predators, it will only drag you into the water."

Hua Ximeng opened her mouth, and wanted to insist a little longer, but she couldn't deny Mu Qianxue. After all, Ximeng Group was not her only word, and she wanted to help, and she couldn't say yes.

Is there really no other way?

While the two were looking at each other, there was a sudden knock on the office door, and someone outside reported: "President, there is a man downstairs who claims to be Director Qin's friend and asks for a meeting. Do you see?"

Qin Hao's friend? Mu Qianxue and Hua Ximeng looked at each other, then said, "Let him come."

Soon, footsteps came from far and near, and the door was opened. A young man with gold-rimmed glasses, a silk suit, and black shawl and long hair led a group of Yingying, Yanyan, men and women. People full of foreign faces walked into Mu Qianxue's office.

"Hello, I'm Mu Qianxue, the president of Mu's Group, may I ask who you are?" Mu Qianxue got up and stretched out her hand to the long-haired man.

The long-haired man took a step back, and didn't intend to shake hands with Mu Qianxue, but bowed slightly and said softly, "Hello, sister-in-law, my name is Glasses, and I'm the financial officer of the boss. We already know about the Mu's Group. The boss said hello to me, so as soon as we received the notice from the concubine, we immediately rushed over by plane overnight."

As he spoke, he pointed to a beautiful woman with an oriental face beside him and said, "This is my companion, her name is..."

A long-distance love complex

Leng Gu Leng Leng Leng Leng Leng

"My name is Xiaoxiang, and I am the leader of the Six Paths Reincarnation Group." The woman didn't let the glasses continue to introduce, and interrupted her directly, and looked at Mu Qianxue with a blank face in the previous step: "The summoning of the King Meng, I am here to help you solve the problem." The crisis of the Mu Group!"

PS: There are still updates, brothers, don’t rush, Chuxin is sick today, his stomach hurts exploding, and he has crazy diarrhea. caught a cold. . . .

PPS: Thanks to "APP_26324616", "Youth No Regrets, Uncle", "Little Dolphin_25609232", "Weilei Real Estate Consultant", "APP_30399760" and other flowers for children's shoes, thanks to "Little Dolphin_30729335" for the reward of 188, what? Damn. . . . . . . . . . . . . .

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