Chapter 411

"Well, Qualcomm offered to negotiate with us?" Jia Yapeng woke up from the hotel the next day and received a call from Harry Potter, saying that Qualcomm's board of directors wanted to talk with the fund about the acquisition.

"You come forward, I'll be your secretary!" boss Jia continued to use his traditional routine. Although Chinese people basically look the same in the eyes of foreigners, boss Jia decided to make a simple disguise, such as matching himself with a pair of thick, black and large flat light glasses, so that even when Jia Yapeng saw it at first sight, Some don't recognize themselves.

Then, boss Jia followed Harry Potter to the board of directors of Qualcomm, and the two sides negotiated the acquisition.

At the beginning, the negotiation process was very smooth. Qualcomm proposed to issue 20% more shares and sell them to the foundation at the price of $6.30 a share. At this time, Qualcomm's share price basically remained at about $4.2, which is equivalent to selling them to the foundation at a 50% premium.

"How could it be! You dare to pay a premium of 50%!" hearing the additional price, Harry Potter jumped up on the spot and looked at the rest of the board of directors in disbelief.

"Mr. Harry Potter, please calm down. This is not an exaggerated price!" Sun Zhengyi, who put forward the idea of 50% premium, said with a smile "I heard that you have worked on Wall Street for more than 10 years. There are many acquisitions with a premium of more than 50% on Wall Street. There are dozens of cases every year. Why does it become unacceptable here?"

"That's because for acquisitions with a premium of more than 50%, either the company's share price is rising, or it is simply washing some shady black money. Now Qualcomm's share price has fallen from $5 last year to $4.20 now, and Qualcomm's business is stagnant. Until now, we don't even have a marketable product. Why should we buy your hands at a premium of 50% "Shares?" Harry Potter said angrily.

"Mr. Harry Potter, don't you know that our Qualcomm share price has risen by $0.50 recently? This is the recognition of the market!" said another fund manager.

"Hehe, I'm very sorry to inform you that Qualcomm's share price rose by $0.50 because our fund has acquired 5% of your current shares. In fact, we are also one of the shareholders of the company, but we haven't had time to report to your company!" Harry Potter said "The increase of $0.50 is the increase brought by our company's acquisition of Qualcomm shares. Before that, your Qualcomm shares were only $3.70!"

"So I suggest that we negotiate on the premise of Qualcomm's closing price the day before yesterday, that is, the share price of $3.70 a share!" Harry Potter threw a heavy bomb.

"I said, why did you suddenly grow 0.5 yuan? It turned out that these guys had already started!"

"Are you kidding? It's already 4.2. How can we count with him according to 3.7!"

The other directors talked and looked at it suddenly. Then Owen Jacobs, as the chairman of the board, was about to speak. When he relaxed the conditions a little, son Zhengyi suddenly stood up and said to Harry Potter, "sorry, I think we need to revise the proposal for a 50% premium acquisition!"

"That's right!" Harry Potter nodded. He thought that son Zhengyi would reduce the price, but unexpectedly, son Zhengyi said the next second, "we think that the 50% premium can not show the value of Qualcomm. The premium must be more than 90% to fully reflect our value!!"

"What!" Harry Potter widened his eyes and looked at son Zhengyi. Is the guy crazy?

In fact, not only Harry Potter, but also other colleagues in the conference room looked at son Zhengyi in surprise. Obviously, the temporary increase of son Zhengyi was not expected at all.

"Gentlemen, I think everyone must be tired. Let's take a break and talk later!" it's just that the negotiation has just begun. After less than ten minutes, son Zhengyi said that everyone is tired, which is obviously bullshit.

However, everyone was a veteran, and soon understood sun Zhengyi's intention. He wanted to take the opportunity of rest to reach unity among all directors again, so other directors cooperated one after another, said they needed a rest, and then went back to their respective lounges, so the negotiation had to be suspended.

"Boss, they are crazy. They dare to premium 90%, which is crazy!" Harry Potter told boss Jia in the lounge that in Harry Potter's eyes, this is really a crazy thing. The acquisition with a premium of 90% can hardly happen once in 10 years on Wall Street, and the acquisition is a super enterprise that absolutely shows the temperament of Unicorn.

The acquisition case that occurred when Intel was at its best was only 80% premium.

The only acquisition with a premium of more than 90% is Intel's acquisition of Microsoft's shares, but that's Microsoft.

Of course, the market has fully proved the value of Intel's acquisition, and Microsoft's share price has now increased more than ten times.

"That son Zhengyi is really powerful. It seems that he has got it right. I want to win the shares of Qualcomm!" boss Jia's expression is very calm. In the United States, it is almost impossible to trade at a premium of 90%.

But in a shares, there are a lot of such things, not to mention the 90% premium. Even if the acquisition with a 400% premium has been seen by boss Jia, it has long been strange.

"Chairman, what should we do now? Should we continue to talk?" Harry Potter asked anxiously.

"What do you think?" boss Jia asked.

"I'm afraid it's difficult to talk today. I'm afraid the opposite side already knows our determination to buy, and they will speak loudly!" said Harry Potter.

"Let's go!" Jia Yapeng stood up and stretched. "Tomorrow is the 10th. I have to attend the starting ceremony. There's no need to talk today. Let's withdraw!"

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"Everyone, I think Harry Potter and the existence behind him have made up their mind to buy Qualcomm, so we can raise the price premium to more than 90%!" son Zhengyi said confidently to all other shareholders.

"Why do you say that?" some directors asked with a frown.

"It's very simple, because they have secretly bought our shares in the stock market, which shows that they have been eyeing us for a long time. They just stopped because they found that secretly buying shares in the stock market will cause further rise in the stock price."

"This can fully prove that the other party has planned our attempt for a long time and is very determined. They will definitely want to buy Qualcomm, so they will eventually accept even if we pay a 90% premium!" son Zhengyi said.

"Hehe, this is just one side of your story. If the other party doesn't buy and gives up the acquisition, won't we all be finished?"

"Don't worry, I believe the other party will never give up!" Sun Zhengyi smiled and said "I urge everyone to unite closely and no one should let go of this price. I hereby assure you that if the negotiation finally fails, Softbank group can buy the shares of this private placement at a premium of 30%, and the shares in your hands can be traded at this price!"

"30% premium!" when hearing son Zhengyi's words, the directors immediately began to think. If son Zhengyi really promised so, it would be an excellent choice.

If the American priority foundation really eats this price at a premium of 90%, it will certainly make a lot of money. But if the negotiation fails, it will not suffer a loss according to sun Zhengyi's acquisition at a premium of 30%, and it can smoothly obtain a large amount of money.

Son Zhengyi's Softbank recently made a small fortune. It is said that the total assets have reached the level of $1 billion. He does have the funds to eat these shares of Qualcomm.

So everyone nodded and agreed to sun Zhengyi's proposal.

At this time, a staff member suddenly came in and whispered a few words in the ear of chairman Owen Jacob. He immediately announced to everyone with a bitter smile that "the people of American priority foundation have gone!"

Is the foundation really determined to eat us?

Hearing the news that the other party left directly, the directors immediately became worried again.

"You don't have to worry. Their behavior makes me more sure that they will buy our shares!" son Zhengyi on the other side said with confidence.