Chapter 1469: 1469
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At 10 a.m. on December 26, 2008, at Rockefeller Center in Manhattan, Andy Smith, who had just rushed back from Houston to New York, held a press conference and officially announced that he intended to acquire Qualcomm with $41 billion. The news immediately shocked the global technology industry.
Andy Smith proposes to acquire Qualcomm in cash of $35 per share for a total value of $41 billion. Qualcomm's shares rose more than 3% before the press release.
The share prices of several banks and investment banks that participated in the acquisition and helped Andy finance and short sell securities began to change the downward trend and rose slightly. What Andy didn't expect, however, was that the share prices of his two listed companies, guess apparel and Starbucks, were also affected by the news and rose accordingly.
Once the deal is successful, it will not only be the largest acquisition in the history of the global semiconductor industry, but also make Andy Smith become the leader in many chip fields, consolidate his wealth foundation, and even directly impact the supply chain of apple and smart phone giants.
Andy Smith, a 24-year-old talented writer, new media tycoon and super rich man, is once again the focus of the world's news media and it industry.
Although it is still uncertain whether the acquisition can be completed, the acquisition of Qualcomm is in line with Andy Smith's character of "acquisition maniac" in the past two years.
It seems that there is no sign, but in fact, it has been laid out for a long time. When suddenly in trouble, it is closely followed by a strong cash strength rolling. As an opponent, it may have no power to fight back.
The example of Starbucks is there, which makes everyone unconsciously think that the success of Andy Smith's acquisition is only a matter of time.
One hour after Andy's press conference, Qualcomm immediately responded that it would review the proposal and act in the best interests of shareholders.
Then I accepted an interview with the TV media, which means that Qualcomm is not willing to be acquired. Qualcomm can create a new round of value for shareholders by relying on its own strength now.
However, Qualcomm itself and others are aware that this is just their wishful thinking. For Andy Smith, who is bound to succeed in business every time in the past two years, their ideas of the acquiree are useless.
Especially with Starbucks and NBC global before the management earthquake after his accession, the impression of the young rich, ruthless and decisive has been deeply rooted in people's hearts.
In an interview with the media, Qualcomm's management also wanted to express their rejection of Andy Smith, a young and technologically illiterate tycoon. After Gaia's spokesperson replaced Andy Smith and announced that they had already held 15.7% of Qualcomm's shares, all of them have ceased to hold the flag.
Everyone knows that even if Andy Smith really privatizes Qualcomm, no one can prevent him from entering the board of directors of Qualcomm. If he offends a major shareholder, the management of Qualcomm will not be able to stop him from entering the board.
So now, the ball has been kicked to Qualcomm's board of directors. Paul Jacobs, Qualcomm's CEO, who just said in the media that he didn't welcome the acquisition, has been slapped in the face.
Andy Smith says with practical action, don't you want to be acquired and I won't? Think more, I didn't plan to deal with you at all!
Andy's spokesman officially announced at the press conference that he directly launched a takeover offer to shareholders, which officially turned into a hostile takeover!
Knight in black!
Barbarians outside!
"You guys, I hope that all shareholders can keep their heads, even if they want to sell shares, the purchase price of $35 is not the final price. Believe me, our share price is up to $56.
Dear shareholders, although accepting the hostile takeover can make short-term profits, it is against the long-term development of the company.
At present, Qualcomm is in a sensitive and critical period of 2G to 3G transition. It has established a series of human capital, supply and marketing network, debt relationship and other closely related to strategic stability. If these arrangements are interrupted by short-term profit motivation, they will affect the overall development efficiency.
Last year, we have become the No. 1 in the industry. Please believe that Qualcomm has a huge opportunity to create significant added value for all shareholders and meet the next stage of profit growth... "
In the conference room of Qualcomm headquarters in California, Paul Jacobs, the son of Evan Jacobs, former chief executive officer and co-founder of Qualcomm, who is now CEO, urgently convened the members of the board of directors to persuade the major shareholders in the form of video conference.
He had to do this because several holding companies had begun to sell Qualcomm shares, which were just like being thrown into the black hole of the universe, and they were only seconds away when they appeared.
As everyone knows, that black hole is Andy Smith's acquisition team with a lot of money in hand.
"Paul, what's your plan?" There are 30 video windows on the large LCD screen. Blackstone Group is the first to ask questions.
"Launch" poison pill plan "to fight back according to the rules of American capital market. A large number of targeted new shares will be issued to dilute the proportion of shares held by the other party, so as to increase the capital cost and final income required for acquisitionAs soon as his voice fell, there was a sound of questioning and rejection.
"It's not going to work..."
"Once the poison pill counterattack is launched, Qualcomm's rating will be lowered, and the stock price will plummet. We will not bear this loss!"
"I'm against it!"
"I'm against the plan..."
。。。。。。
Paul Jacob's heart thumped, his face remained unchanged, but his heart was cold. He knew that the most effective way to fight back was to be completely abandoned by his shareholders.
Benefits!
Sure enough, in the eyes of these investors, their own interests are the most important. They don't care who helps them control the company, and they don't have much respect for their CEO.
To be frank, Qualcomm at this time is not their Jacob family's industry, and he is just a senior employee with a bit of shares.
Listening to the strong opposition of shareholders, Paul Jacobs and the board of directors saw deep concerns in the eyes of each other after eye contact. As for
the other is that the management agreed to resign collectively to improve the operational risk after the acquisition, let alone mess up the company. This group of shareholders would never agree.
"Paul, let's be frank. I believe you have a better plan to fight back. If it is feasible, we will support you." Said the shareholder representative of pioneer international group.
With this, the original noisy discussion was also quiet. They all watched Paul Jacobs on the first seat of the conference room through the camera, waiting for each other's better plan with their own thoughts, to see if they could maximize the interests of these shareholders.
"Well, first of all, I'll call Andy Smith and raise his offer.
And at the same time, we will work together with our partners to boycott the acquisition of Andy Smith, a layman.
Another is to mobilize funds, plan share buybacks to raise share prices, and significantly improve the performance target of fiscal year 2009, hoping to make Andy Smith retreat
Tut Tut, in order to protect his family property from being maliciously acquired, Paul Jacob has done all kinds of moves.
"Yes, I think it works..."
"These programs are good. I support..."
"35 dollars is really undervalued..."
"Where does the buyback fund come from? Do you mobilize overseas funds? How to deal with high taxes... "
"Should we consider giving out some overseas cash for dividend?"
"Significantly improve the performance target for FY2009. What if it can't be achieved? Who is in charge? Under the financial storm, can it really be completed? "
The comments of Wuyang and Wuyang made Paul Jacobs and the members of the board of directors look dignified and curse. These bastards really wanted to maximize their own interests.
Well, it seems that the overseas funds are all concerned. In order to avoid being severely cut by the US government when the overseas funds are returned, almost all multinational companies will not choose to let the overseas funds return, but stay overseas and wait for acquisition or merger to avoid taxes reasonably.
"If you agree with our counter attack plan, show your hands now!" Paul Jacob, with a serious face and gloomy eyes, said that he wanted to make a plan for counterattack as early as possible to deal with the barbarian smashing the door!
"I agree!"
"I have no problem!"
"Try it!"
。。。。。。
Please report us if you find any errors so we can fix it asap!
At 10 a.m. on December 26, 2008, at Rockefeller Center in Manhattan, Andy Smith, who had just rushed back from Houston to New York, held a press conference and officially announced that he intended to acquire Qualcomm with $41 billion. The news immediately shocked the global technology industry.
Andy Smith proposes to acquire Qualcomm in cash of $35 per share for a total value of $41 billion. Qualcomm's shares rose more than 3% before the press release.
The share prices of several banks and investment banks that participated in the acquisition and helped Andy finance and short sell securities began to change the downward trend and rose slightly. What Andy didn't expect, however, was that the share prices of his two listed companies, guess apparel and Starbucks, were also affected by the news and rose accordingly.
Once the deal is successful, it will not only be the largest acquisition in the history of the global semiconductor industry, but also make Andy Smith become the leader in many chip fields, consolidate his wealth foundation, and even directly impact the supply chain of apple and smart phone giants.
Andy Smith, a 24-year-old talented writer, new media tycoon and super rich man, is once again the focus of the world's news media and it industry.
Although it is still uncertain whether the acquisition can be completed, the acquisition of Qualcomm is in line with Andy Smith's character of "acquisition maniac" in the past two years.
It seems that there is no sign, but in fact, it has been laid out for a long time. When suddenly in trouble, it is closely followed by a strong cash strength rolling. As an opponent, it may have no power to fight back.
The example of Starbucks is there, which makes everyone unconsciously think that the success of Andy Smith's acquisition is only a matter of time.
One hour after Andy's press conference, Qualcomm immediately responded that it would review the proposal and act in the best interests of shareholders.
Then I accepted an interview with the TV media, which means that Qualcomm is not willing to be acquired. Qualcomm can create a new round of value for shareholders by relying on its own strength now.
However, Qualcomm itself and others are aware that this is just their wishful thinking. For Andy Smith, who is bound to succeed in business every time in the past two years, their ideas of the acquiree are useless.
Especially with Starbucks and NBC global before the management earthquake after his accession, the impression of the young rich, ruthless and decisive has been deeply rooted in people's hearts.
In an interview with the media, Qualcomm's management also wanted to express their rejection of Andy Smith, a young and technologically illiterate tycoon. After Gaia's spokesperson replaced Andy Smith and announced that they had already held 15.7% of Qualcomm's shares, all of them have ceased to hold the flag.
Everyone knows that even if Andy Smith really privatizes Qualcomm, no one can prevent him from entering the board of directors of Qualcomm. If he offends a major shareholder, the management of Qualcomm will not be able to stop him from entering the board.
So now, the ball has been kicked to Qualcomm's board of directors. Paul Jacobs, Qualcomm's CEO, who just said in the media that he didn't welcome the acquisition, has been slapped in the face.
Andy Smith says with practical action, don't you want to be acquired and I won't? Think more, I didn't plan to deal with you at all!
Andy's spokesman officially announced at the press conference that he directly launched a takeover offer to shareholders, which officially turned into a hostile takeover!
Knight in black!
Barbarians outside!
"You guys, I hope that all shareholders can keep their heads, even if they want to sell shares, the purchase price of $35 is not the final price. Believe me, our share price is up to $56.
Dear shareholders, although accepting the hostile takeover can make short-term profits, it is against the long-term development of the company.
At present, Qualcomm is in a sensitive and critical period of 2G to 3G transition. It has established a series of human capital, supply and marketing network, debt relationship and other closely related to strategic stability. If these arrangements are interrupted by short-term profit motivation, they will affect the overall development efficiency.
Last year, we have become the No. 1 in the industry. Please believe that Qualcomm has a huge opportunity to create significant added value for all shareholders and meet the next stage of profit growth... "
In the conference room of Qualcomm headquarters in California, Paul Jacobs, the son of Evan Jacobs, former chief executive officer and co-founder of Qualcomm, who is now CEO, urgently convened the members of the board of directors to persuade the major shareholders in the form of video conference.
He had to do this because several holding companies had begun to sell Qualcomm shares, which were just like being thrown into the black hole of the universe, and they were only seconds away when they appeared.
As everyone knows, that black hole is Andy Smith's acquisition team with a lot of money in hand.
"Paul, what's your plan?" There are 30 video windows on the large LCD screen. Blackstone Group is the first to ask questions.
"Launch" poison pill plan "to fight back according to the rules of American capital market. A large number of targeted new shares will be issued to dilute the proportion of shares held by the other party, so as to increase the capital cost and final income required for acquisitionAs soon as his voice fell, there was a sound of questioning and rejection.
"It's not going to work..."
"Once the poison pill counterattack is launched, Qualcomm's rating will be lowered, and the stock price will plummet. We will not bear this loss!"
"I'm against it!"
"I'm against the plan..."
。。。。。。
Paul Jacob's heart thumped, his face remained unchanged, but his heart was cold. He knew that the most effective way to fight back was to be completely abandoned by his shareholders.
Benefits!
Sure enough, in the eyes of these investors, their own interests are the most important. They don't care who helps them control the company, and they don't have much respect for their CEO.
To be frank, Qualcomm at this time is not their Jacob family's industry, and he is just a senior employee with a bit of shares.
Listening to the strong opposition of shareholders, Paul Jacobs and the board of directors saw deep concerns in the eyes of each other after eye contact. As for
the other is that the management agreed to resign collectively to improve the operational risk after the acquisition, let alone mess up the company. This group of shareholders would never agree.
"Paul, let's be frank. I believe you have a better plan to fight back. If it is feasible, we will support you." Said the shareholder representative of pioneer international group.
With this, the original noisy discussion was also quiet. They all watched Paul Jacobs on the first seat of the conference room through the camera, waiting for each other's better plan with their own thoughts, to see if they could maximize the interests of these shareholders.
"Well, first of all, I'll call Andy Smith and raise his offer.
And at the same time, we will work together with our partners to boycott the acquisition of Andy Smith, a layman.
Another is to mobilize funds, plan share buybacks to raise share prices, and significantly improve the performance target of fiscal year 2009, hoping to make Andy Smith retreat
Tut Tut, in order to protect his family property from being maliciously acquired, Paul Jacob has done all kinds of moves.
"Yes, I think it works..."
"These programs are good. I support..."
"35 dollars is really undervalued..."
"Where does the buyback fund come from? Do you mobilize overseas funds? How to deal with high taxes... "
"Should we consider giving out some overseas cash for dividend?"
"Significantly improve the performance target for FY2009. What if it can't be achieved? Who is in charge? Under the financial storm, can it really be completed? "
The comments of Wuyang and Wuyang made Paul Jacobs and the members of the board of directors look dignified and curse. These bastards really wanted to maximize their own interests.
Well, it seems that the overseas funds are all concerned. In order to avoid being severely cut by the US government when the overseas funds are returned, almost all multinational companies will not choose to let the overseas funds return, but stay overseas and wait for acquisition or merger to avoid taxes reasonably.
"If you agree with our counter attack plan, show your hands now!" Paul Jacob, with a serious face and gloomy eyes, said that he wanted to make a plan for counterattack as early as possible to deal with the barbarian smashing the door!
"I agree!"
"I have no problem!"
"Try it!"
。。。。。。
At 10 a.m. on December 26, 2008, at Rockefeller Center in Manhattan, Andy Smith, who had just rushed back from Houston to New York, held a press conference and officially announced that he intended to acquire Qualcomm with $41 billion. The news immediately shocked the global technology industry. Andy Smith proposes to acquire Qualcomm in cash of $35 per share for a total value of $41 billion. Qualcomm's shares rose more than 3% before the press release. The share prices of several banks and investment banks that participated in the acquisition and helped Andy finance and short sell securities began to change the downward trend and rose slightly. What Andy didn't expect, however, was that the share prices of his two listed companies, guess apparel and Starbucks, were also affected by the news and rose accordingly. Once the deal is successful, it will not only be the largest acquisition in the history of the global semiconductor industry, but also make Andy Smith become the leader in many chip fields, consolidate his wealth foundation, and even directly impact the supply chain of apple and smart phone giants. Andy Smith, a 24-year-old talented writer, new media tycoon and super rich man, is once again the focus of the world's news media and it industry. Although it is still uncertain whether the acquisition can be completed, the acquisition of Qualcomm is in line with Andy Smith's character of "acquisition maniac" in the past two years. It seems that there is no sign, but in fact, it has been laid out for a long time. When suddenly in trouble, it is closely followed by a strong cash strength rolling. As an opponent, it may have no power to fight back. The example of Starbucks is there, which makes everyone unconsciously think that the success of Andy Smith's acquisition is only a matter of time. One hour after Andy's press conference, Qualcomm immediately responded that it would review the proposal and act in the best interests of shareholders. Then I accepted an interview with the TV media, which means that Qualcomm is not willing to be acquired. Qualcomm can create a new round of value for shareholders by relying on its own strength now. However, Qualcomm itself and others are aware that this is just their wishful thinking. For Andy Smith, who is bound to succeed in business every time in the past two years, their ideas of the acquiree are useless. Especially with Starbucks and NBC global before the management earthquake after his accession, the impression of the young rich, ruthless and decisive has been deeply rooted in people's hearts. In an interview with the media, Qualcomm's management also wanted to express their rejection of Andy Smith, a young and technologically illiterate tycoon. After Gaia's spokesperson replaced Andy Smith and announced that they had already held 15.7% of Qualcomm's shares, all of them have ceased to hold the flag. Everyone knows that even if Andy Smith really privatizes Qualcomm, no one can prevent him from entering the board of directors of Qualcomm. If he offends a major shareholder, the management of Qualcomm will not be able to stop him from entering the board. So now, the ball has been kicked to Qualcomm's board of directors. Paul Jacobs, Qualcomm's CEO, who just said in the media that he didn't welcome the acquisition, has been slapped in the face. Andy Smith says with practical action, don't you want to be acquired and I won't? Think more, I didn't plan to deal with you at all! Andy's spokesman officially announced at the press conference that he directly launched a takeover offer to shareholders, which officially turned into a hostile takeover! Knight in black! Barbarians outside! "You guys, I hope that all shareholders can keep their heads, even if they want to sell shares, the purchase price of $35 is not the final price. Believe me, our share price is up to $56. Dear shareholders, although accepting the hostile takeover can make short-term profits, it is against the long-term development of the company. At present, Qualcomm is in a sensitive and critical period of 2G to 3G transition. It has established a series of human capital, supply and marketing network, debt relationship and other closely related to strategic stability. If these arrangements are interrupted by short-term profit motivation, they will affect the overall development efficiency. Last year, we have become the No. 1 in the industry. Please believe that Qualcomm has a huge opportunity to create significant added value for all shareholders and meet the next stage of profit growth... " In the conference room of Qualcomm headquarters in California, Paul Jacobs, the son of Evan Jacobs, former chief executive officer and co-founder of Qualcomm, who is now CEO, urgently convened the members of the board of directors to persuade the major shareholders in the form of video conference. He had to do this because several holding companies had begun to sell Qualcomm shares, which were just like being thrown into the black hole of the universe, and they were only seconds away when they appeared. As everyone knows, that black hole is Andy Smith's acquisition team with a lot of money in hand. "Paul, what's your plan?" There are 30 video windows on the large LCD screen. Blackstone Group is the first to ask questions. "Launch" poison pill plan "to fight back according to the rules of American capital market. A large number of targeted new shares will be issued to dilute the proportion of shares held by the other party, so as to increase the capital cost and final income required for acquisitionAs soon as his voice fell, there was a sound of questioning and rejection. "It's not going to work..." "Once the poison pill counterattack is launched, Qualcomm's rating will be lowered, and the stock price will plummet. We will not bear this loss!" "I'm against it!" "I'm against the plan..." Paul Jacob's heart thumped, his face remained unchanged, but his heart was cold. He knew that the most effective way to fight back was to be completely abandoned by his shareholders. Benefits! Sure enough, in the eyes of these investors, their own interests are the most important. They don't care who helps them control the company, and they don't have much respect for their CEO. To be frank, Qualcomm at this time is not their Jacob family's industry, and he is just a senior employee with a bit of shares. Listening to the strong opposition of shareholders, Paul Jacobs and the board of directors saw deep concerns in the eyes of each other after eye contact. As for the other is that the management agreed to resign collectively to improve the operational risk after the acquisition, let alone mess up the company. This group of shareholders would never agree. "Paul, let's be frank. I believe you have a better plan to fight back. If it is feasible, we will support you." Said the shareholder representative of pioneer international group. With this, the original noisy discussion was also quiet. They all watched Paul Jacobs on the first seat of the conference room through the camera, waiting for each other's better plan with their own thoughts, to see if they could maximize the interests of these shareholders. "Well, first of all, I'll call Andy Smith and raise his offer. And at the same time, we will work together with our partners to boycott the acquisition of Andy Smith, a layman. Another is to mobilize funds, plan share buybacks to raise share prices, and significantly improve the performance target of fiscal year 2009, hoping to make Andy Smith retreat Tut Tut, in order to protect his family property from being maliciously acquired, Paul Jacob has done all kinds of moves. "Yes, I think it works..." "These programs are good. I support..." "35 dollars is really undervalued..." "Where does the buyback fund come from? Do you mobilize overseas funds? How to deal with high taxes... " "Should we consider giving out some overseas cash for dividend?" "Significantly improve the performance target for FY2009. What if it can't be achieved? Who is in charge? Under the financial storm, can it really be completed? " The comments of Wuyang and Wuyang made Paul Jacobs and the members of the board of directors look dignified and curse. These bastards really wanted to maximize their own interests. Well, it seems that the overseas funds are all concerned. In order to avoid being severely cut by the US government when the overseas funds are returned, almost all multinational companies will not choose to let the overseas funds return, but stay overseas and wait for acquisition or merger to avoid taxes reasonably. "If you agree with our counter attack plan, show your hands now!" Paul Jacob, with a serious face and gloomy eyes, said that he wanted to make a plan for counterattack as early as possible to deal with the barbarian smashing the door! "I agree!" "I have no problem!" "Try it!"
