"Well, Qualcomm took the initiative to negotiate with us?" The next day, after waking up in the hotel, Jia Yapeng received a call from Harry Potter, who said that the board of directors of Qualcomm wanted to talk with the fund about the acquisition.
"You come forward, and I will be your secretary!" Boss Jia continued to use his own traditional tricks. Although in the eyes of foreigners, Hua Xia basically looked the same, Boss Jia decided to make a simple disguise, such as wearing a pair of thick, black, and big flat glasses. Even Jia Yapeng himself could not recognize himself at first sight.
Then, Boss Jia followed Harry Potter to the board of directors of Qualcomm, and the two sides started to negotiate about the acquisition.
At first, the negotiation process was very smooth. Qualcomm proposed to issue 20% more shares and sell them to the fund at the price of 6.3 dollars per share. At this time, the share price of Qualcomm was basically maintained at about 4.2 dollars, which was equivalent to selling them to the fund at a premium of 50%.
"How is it possible? You dare to raise the price by 50%! " Hearing this price, Harry Potter jumped up on the spot and looked at the other people on the board of directors in disbelief.
"Mr. Harry Potter, please calm down, this is not an exaggerated price!" Sun Zhengyi, who proposed the idea of a 50% premium, said with a smile, "I heard that you have worked on Wall Street for more than 10 years, and there are dozens of cases of more than 50% premium on Wall Street every year. Why did it come to us? What if it becomes unacceptable? "
"That is because the acquisition with a premium of more than 50% is either because the company's share price is rising, or it is simply laundering some dirty money. Now the share price of Qualcomm has fallen from 5 dollars last year to 4.2 dollars now, and Qualcomm's business is stagnant. So far, there is not even a good product. Why should we buy the shares in your hands at a premium of 50%? "Harry Potter said angrily.
"Mr. Harry Potter, don't you know that the share price of Qualcomm has recently risen by 0.5 dollars? This is the recognition of the market! "Another fund manager said.
"Oh, then I am very sorry to inform you that the reason why the share price of Qualcomm has risen by 0.5 dollars is that our fund has bought 5% of your company's liquid shares. In fact, we are now one of the shareholders of the company, but we have not had time to report to your company!" Harry Potter said, "This 0.5 dollar increase is the increase brought by our company's acquisition of Qualcomm's shares. Before that, your Qualcomm's shares were only 3.7 dollars!"
"So I suggest that we negotiate with the closing price of Qualcomm's shares the day before yesterday, which is 3.7 dollars per share!" Harry Potter threw a bombshell.
"I was wondering why it suddenly increased by 0.5 yuan. It turns out that these guys have already made their move!"
"Are you kidding me? It's already 4.2 now. How can I calculate it with 3.7?"
Harry Potter's chairman. Sun Zhengyi suddenly, as the chairman, was about to speak, when he was about the offer offer, Sun Zhengyi suddenly stood stood up and said to Harry Potter.. and said said Harry Potter, "50% premium, I think we need to revise..
"That's right!" Harry Potter nodded. He thought that Sun Zhengyi would lower the price, but unexpectedly, Sun Zhengyi said in the next second, "We think that a premium of 50% is not enough to show the value of Qualcomm. The premium must be more than 90% to fully reflect our value!"
"What!" Harry Potter's eyes widened and looked at Sun Zhengyi. Is this guy crazy?
In fact, not only Harry Potter, but other colleagues in the conference room also looked at Sun Zhengyi in surprise. Obviously, Sun Zhengyi's temporary increase was not within their expectations.
"Gentlemen, I think everyone must be tired. Let's take a break and talk later!" It was just that the negotiation had just begun. In less than ten minutes, Sun Zhengyi actually said that everyone was tired. Obviously, he was talking nonsense.
However, everyone was experienced and soon understood Sun Zhengyi's intention. He wanted to use the opportunity of a break to re-reach a consensus among all the directors, so the other directors cooperated and said that they needed to take a break. Then they went back to their respective lounges. The negotiation had to be suspended.
"Boss, they are crazy. They dare to raise the price by 90%. This is crazy!" Harry Potter said to Boss Jia in the lounge. In Harry Potter's eyes, this was indeed a crazy thing. An acquisition with a premium of 90% was very rare on Wall Street. Moreover, the acquisition was definitely a super company that showed the temperament of a unicorn.
When Intel was at its peak, its acquisition was only at an 80% premium.
The only acquisition with a premium of more than 90% was Intel's acquisition of Microsoft's shares. But that was Microsoft.
Of course, the market had fully proved the value of Intel's acquisition. Now, Microsoft's share price had increased more than ten times.
"That Sun Zhengyi is really good. It seems that he knows that I want to buy Qualcomm's shares!" Boss Jia's expression was very calm. In the United States, a transaction with a premium of 90% was almost impossible.
But in the A shares market, this kind of thing was not uncommon. Boss Jia had seen acquisitions with a premium of 400%, let alone 90%. He was already used to it.
"Chairman, what should we do now? Should we continue the negotiation? " Harry Potter asked worriedly.
"What do you think?" Boss Jia asked.
"I am afraid that it will be difficult to continue the negotiation today. I am afraid that the other party has already known our determination to acquire Qualcomm. They will definitely ask for an exorbitant price!" Harry Potter said.
"Then let's go!" Jia Yapeng stood up and stretched. "Tomorrow is the 10th. I have to attend the launch ceremony. There is no need to talk today. Let's go!"
— — —
"Everyone, I think that Harry Potter and the people behind him have made up their mind to acquire Qualcomm. So, we can raise the price by more than 90%!" Sun Zhengyi said to all the other shareholders confidently.
"Why do you say so?" Some directors frowned and asked.
"It's very simple. Because they have secretly acquired our shares in the stock market. It shows that they have been eyeing us for a long time. But they found that secretly acquiring shares in the stock market would cause the stock price to rise further. So, they stopped."
"This can fully prove that the other party has been plotting against us for a long time, and their determination is very firm. They will definitely want to buy Qualcomm. So, even if we raise the price by 90%, they will eventually accept it!" Sun Zhengyi said.
"Oh, this is just your side of the story. If the other party doesn't buy and gives up the acquisition, then won't we be finished?"
"Everyone, don't worry. I believe that the other party will never give up!" Sun Zhengyi smiled and said, "I implore everyone to stick together. No one will give up on this price. I am here to assure you that if the negotiation fails, then SoftBank Group will pay a premium of 30% to buy the shares of this private placement. You can also trade your shares at this price! "
"30% premium!" Hearing Sun Zhengyi's words, the directors began to think in an instant. If Sun Zhengyi really made such a promise, then it was really an excellent choice.
If America First Foundation really bought the shares at a premium of 90%, then of course, they would make a lot of money. But if the negotiation failed, according to Sun Zhengyi's 30% premium, they would not suffer a loss. They could smoothly get a large amount of money.
Sun Zhengyi's SoftBank Group had recently made a small fortune. It was said that its total assets had reached the level of one billion US dollars. He did have the funds to buy Qualcomm's shares.
So, everyone nodded and agreed with Sun Zhengyi's proposal.
At this time, a staff member suddenly came in and whispered a few words in the ear of Owen Jacobs, the chairman. He immediately announced to everyone with a wry smile, "The people of America First Foundation have left!"
Is this foundation really determined to eat us up?
Hearing the news that the other party had left, the directors instantly became worried again.
"Everyone, don't worry. Their actions make me even more certain that they will definitely buy our shares!" Sun Zhengyi said confidently on the other side.
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