Rebirth of the Strongest Tycoon
Chapter 780: Brightly rushed into the crocodile pool
Bridgewater Fund Corporation is located.
When Xia Yu arrived, Rey Dalio was adjusting the division of labor within the fund.
IBM's equity acquisition has ended, and the task assigned by Xia Yu has been completed. Naturally, the temporarily formed acquisition team will be disbanded, and the transferred personnel will return to their respective positions.
Xia Yu didn't bother, and after nodding to him, he went to the office to drink tea and wait.
About five minutes later, Rey Daario walked in quickly with a portfolio.
"Boss, I'm sorry to keep you waiting. This is IBM's share certificate and transaction contract."
Rey Dalio said, handed the portfolio to Xia Yu, then sat down opposite Xia Yu, poured himself a cup of tea, and waited quietly.
Xia Yu opened the portfolio, took out the contents, and read it quietly.
IBM's stock represents 3.01% of the company's total share capital. Except for a small part of the acquisition from the market, the rest was acquired from six small shareholders, costing a total of 1.109 billion US dollars.
This shareholding ratio has entered the top ten shareholders of IBM on paper, ranking eighth.
IBM was listed in 1917, and it has been seventy-three years.
For such a long time, IBM's equity has been traded back and forth many times, not to mention that in the past 73 years, IBM has successively acquired many companies, many of which are in the form of cash plus equity, making the equity further dispersion.
Today, among IBM's shareholders, there are only three major shareholders with more than 5% stake, namely Morgan Stanley, General Dynamics and Bank of America.
Needless to say, Morgan Stanley is the core pillar of the Morgan consortium. As for General Dynamics, it is an aircraft engine and arms dealer, and it is also the core pillar of the Morgan consortium. The last Bank of America is the core of the California consortium, and the California consortium is now owned by Morgan. The consortium is heavily infiltrated, almost wearing a pair of pants with the Morgan consortium.
As for other small shareholders, there are also many companies from the Morgan consortium camp.
So in fact, IBM belongs to the Morgan consortium camp.
The reason why Xia Yu wants to acquire more than 3% of the equity is actually for a seat on the board of IBM.
Generally speaking, whether it is a listed company or an unlisted company, a major shareholder with a shareholding ratio of more than 5% can obtain a director seat when it is stable.
However, among listed companies, considering the dispersion of the shares of listed companies, the threshold has been lowered, allowing shareholders with a shareholding ratio of more than 3% to enter the board of directors.
But beware, this is allowed!
Just qualifications!
Whether you can enter or not depends on whether the general meeting of shareholders agrees.
Shareholders who individually or collectively hold 3% or more may submit a proposal to the general meeting of shareholders to apply for the right to recommend directors.
After the general meeting of shareholders is approved, the qualified shareholders can recommend directors to the board of directors, which will be reviewed by the board of directors, and then submitted to the general meeting of shareholders for deliberation to take effect.
This is the normal procedure for recommending directors.
Of course, there is a very special situation among them, that is, the equity situation of IBM Corporation today.
IBM has been listed for too long, and its equity is too scattered, so there are very few major shareholders with a shareholding ratio of more than 5%. If the number of directors is small, the exchange will worry about the company's high risk. easier.
So in this case, there is another regulation, that is, the top ten shareholders of a listed company can enter the board of directors.
That's why Xia Yu thought about rushing into the camp of the top ten shareholders.
Moreover, the reason for the acquisition of more than 3% of the equity is also for another insurance.
After all, when he rushed into the camp of the top ten shareholders, he squeezed out the original tenth place.
The original tenth largest shareholder already had a director seat, and suddenly it was going to be lost,
What if you are not reconciled and temporarily increase your holdings?
Therefore, even if the original tenth largest shareholder is not willing to increase its holdings again, Xia Yu is in the eighth place, there is still room for buffer, and it can be more secure, 3% can also enter the board of directors, not necessarily the top ten Shareholders enter the board of directors.
After reading it, Xia Yu put it back into the portfolio with satisfaction, and said, "Good job, Rey, thank you for your hard work."
Rey Dalio smiled and shook his head: "It's not hard, this is what I should do."
Xia Yu nodded slightly and ordered, "I'll ask Peter Lynch to come over later, and you will transfer all the equity to the name of Polaris Capital."
Rey Daario nodded and replied, "Okay."
Xia Yu took a sip of tea, thought about it, and said, "Rey, I will invest another 200 million US dollars in the company in the next two days. You can invest according to the situation."
Rey Dalio was surprised and said with a smile: "Okay, thank you boss!"
He thought to himself, sure enough this month was not in vain, the boss not only kindly left the profits he should have, but also invested another 200 million US dollars.
As long as the funds are in place, the strength of Bridgewater Fund will skyrocket in an instant, and he has more investment space.
Seeing Ray Dalio's happy look, Xia Yu smiled and nodded.
After that, Xia Yu left, hoping that North Star Capital Company would let Peter Lynch go to Bridgewater Fund to take over the equity. This process requires the company's seal and other steps, so Xia Yu did not do it himself.
The previous two acquisitions by Bridgewater Fund were not reported to the exchange in time, so now there is no name of Bridgewater Fund among IBM's top ten shareholders.
However, when the equity was transferred to Polaris Capital, and Polaris Capital went to the exchange for filing, IBM's equity information was immediately updated.
After all, it is the largest company on the New York Stock Exchange and the company with the highest market value in the United States. Countless pairs of eyes have long been staring at it, and any hint of trouble will attract countless attention.
When IBM's equity information was updated, the unfamiliar Polaris Capital Company immediately became a hot word in secret, and major financial companies were trying their best to inquire about Polaris Capital's information.
A financial company that can take out 1.1 billion US dollars at one time is very rare, and its strength must be strong. It can be regarded as a crocodile.
A crocodile rushed into the crocodile pool, and the original crocodiles must understand clearly and see how they should treat it afterward!
Warren Buffett is no exception. When he saw the name of Polaris Capital, he was shocked and stunned. Xia Yu didn't lie to him. US dollars to buy shares of IBM Corporation.
For a moment, Warren Buffett felt a hint of happiness in his heart. Fortunately, Xia Yu did not take action against Berkshire Hathaway. Otherwise, the funds of 1.1 billion US dollars would definitely cause him the biggest trouble in his life.
Fortunately, everything is going in a good direction now. Polaris Capital has entered the board of Berkshire Hathaway and has become his ally. An ally with such strength has great influence on Berkshire Hathaway. the benefits of.
All major financial companies know it, and IBM, the party involved, naturally knows it, and the current CEO Frank T. Cary hurriedly inquired about the situation and wanted to know what was going on.
At the time of Frank T. Cary's investigation, Xia Yu had already taken people to the headquarters of IBM, Almonk, New York.
For the latter plan, Xia Yu must enter the IBM board of directors and become a director of IBM!
PS: Please book all the tickets, thank you!
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