Chapter 138

Simon westero tried to enter Motorola's board of directors. Not only did westero's representative stay in Chicago for three days, but also Motorola's chairman gave him a "big gift" for Christmas. This is a topic that many people like to talk about during the festival.

Too many people find it hard to accept that a young man who suddenly becomes rich rushes around in the capital market and tries to get involved in his original power behavior.

In the face of the Christmas silence of westero, Wall Street, North American media and technology companies owned by westero are all speculating about how Simon westero will react next.

Monday, December 28.

After the holiday, the working day came back, and the response from westero was simple and crude.

Early in the morning, a tit for tat statement from westero appeared on the same page as Motorola chairman Robert Galvin's statement last week in the New York Times.

"Westero regrets the stock market crash in October, but it has never used any illegal means to try to manipulate the market. Moreover, after the outbreak of the stock disaster, westero company invested a huge amount of money in the buying operation, which played a supporting role in the whole technology stock sector, and a large number of new technology enterprises benefited from it. "

"Therefore, we can not accept the accusation of Motorola chairman Robert Galvin."

"Westero's attempt to join the board of directors of holding companies is also to provide appropriate support and suggestions for the development of these companies while safeguarding the interests of its major shareholders."

"In order to show that westero does not have any speculative intention, we will continue to absorb the shares of 25 companies other than Motorola and increase the shareholding to more than 5% to accept public supervision."

"Westero has publicly promised that it will not carry out any reduction operation in the next three years for the enterprises that accept us to join the board of directors. For those companies that do not accept us to join the board of directors, besides Motorola, westero will also hold shares for at least one year. "

"Finally."

"In response to Motorola's malicious neglect of shareholder representatives and inappropriate remarks, westero will reduce its holdings of all Motorola shares."

After the release of westero's statement, the media and Wall Street quickly interpreted the core content: Simon westrow will reduce the value of hundreds of millions of dollars in Motorola shares, while continuing to absorb other technology stocks.

This is actually Simon's intention to make a statement in advance.

As a large investor that can affect the whole technology sector, if westero company reduces its holdings of Motorola without warning, other technology companies held by the company will also be affected, causing a series of chain reactions.

Now.

Simon said in advance that he would not only target Motorola, but also continue to absorb other technology stocks and maintain long-term holdings. Westero's sell-off of Motorola shares will not cause panic in the market.

Next.

When Wall Street was still guessing what kind of reduction strategy Simon would take, at 9:30 a.m., the New York stock market had just opened, and the selling order of 1 million shares of Motorola stock directly hit the market. This unreasonable behavior of smashing the stock market broke a gap in the whole market curve.

Until the news completely spread, the investors who thought the stock market disaster would come again stabilized.

However, led by westero, the whole market began to sell Motorola shares. At 4 p.m., the stock market closed, and Motorola's share price has plummeted to $62, down 17.9%, from $75.5 at the close on Thursday.

In just six and a half hours, Motorola's market value evaporated $1.280 billion.

At the same time.

When the evening paper was published in the afternoon, the news appeared in the paper that westero company reported its shares to the SEC for another 25 companies.

Besides Motorola, the total value of the other 25 companies held by westero is about $1.3 billion, all of which increase 0.1% to reach the 5% reporting standard. Actually, westero only needs to invest less than $13 million.

In addition.

Before today, westero has only confirmed the board seats of five companies. But by the end of the afternoon, the number had increased to 11, and executives of the remaining companies had called to discuss.

Faced with a market value loss of more than US $1.2 billion, Motorola naturally can not calm down.

After the New York Times statement in the morning, Motorola was still quite strong, but at noon, the other side's attitude had softened completely. However, subsequent calls to Motorola were basically blocked on the ground that Simon was in a meeting.

Simon is really in a meeting.

After two days of negotiation over the weekend, James Leibold officially joined Simon's company as the president of Westeros. His previous title was legal adviser of the company.On Monday morning, Simon discussed with James Leibold and the team of Leibold law firm about the acquisition of new world entertainment. The law firm will be headed by Carol Leibold, Jennifer's mother.

In a building on 51st street in midtown.

The meeting lasted until five o'clock in the afternoon. After work, as soon as Simon and others walked out of the headquarters of leibulde law firm, he met another fierce old man. The old man was in his sixties, with several attendants. When he saw Simon, his anger became more intense.

The opposite is Robert Galvin, the current chairman of Motorola.

Faced with the desperate sell-off of westero, Robert Galvin, under the dual pressure of the company's major shareholders and the board of directors, had no idea of taking a holiday at all. After telephone contact failed, he had to fly to New York from Miami, Florida.

Simon's request for a meeting was rejected, and he had to come in person to block the door.

There was no sign of greeting. Robert Galvin, a little less angry, looked at Simon and said, "westero, stop selling stocks. I can allow your people to join the board of directors."

Simon shook his head and said, "Mr. Galvin, you overestimate the appeal of Motorola's board seats to me. Moreover, since I have publicly indicated that I want to reduce the shares of this company, I will not turn back like some people. "

"In this case, Motorola can buy back the remaining shares in your hands. Let's make an offer," Robert Galvin said

Simon asked her next to him, "Jennie, how much Motorola stock do we have left?"

"4.13 million shares," she said

Simon turned to Robert Galvin, who was a little embarrassed again after hearing the figure, and said, "Mr. Galvin, if Motorola wants to buy back 4.13 million shares, erase a fraction according to last Thursday's closing price of $75.50, and you can pay $300 million."

Robert Galvin stares at Simon and subconsciously says, "you're blackmailing."

Simon shrugged and said, "or you can buy these stocks back from the open market. I promise they will be much cheaper."

Robert Galvin was angry again.

If all the shares held by westero could be bought from the open market, he would not be here today.

Stock exchange trading system is automatically matched according to the price of the buyer and the seller, it is impossible to specify which stock to buy. Westero only needs to set the selling price higher than the lowest price, and Motorola's attempt to absorb from the open market is futile.

Today, the turnover rate of Motorola's stock is more than 6%, reaching 5.7 million shares. Westero company smashed three orders of 1 million shares at several price nodes in a row, but only sold all 4.7 million shares, with less than 600000 shares held.

Moreover, just less than 600000 shares, Motorola's share price plummeted by 17.9%. Robert Galvin can't imagine how much the company's share price would fall if it sold all its shares.

Now.

Robert Galvin also understood that Simon westero was obviously waiting for himself to come.

After gnashing his teeth for a moment, Robert Galvin said again, "60 dollars, that's the highest price I can give."

Simon repeated mechanically, "75.50 dollars."

Robert Galvin subconsciously clenched his fist. If he could be 30 years younger, he would not hesitate to jump on it and beat the little guy. However, at this time, he could only suppress his voice and roar: "don't even think about it, westero. You are a jerk, upstart and saboteur. You don't know how hard it is for adults to make money. You will only mess up other people's companies like a child."

Simon listened to Robert Galvin's low growl, narrowed his eyes and said, "Mr. Galvin, you are wrong. I fully understand how difficult it is to build a company. So, I know how much you will feel if I break all the bottles and cans you made. This matter could have been settled peacefully. It was you who made the situation. What's more, you've made me understand one thing. Since you all think that westero is just a bastard who doesn't deserve to be taken seriously, I'll show you the nature of a bastard. If you don't want to show respect, I'll give you fear. Look, it's that simple. If Motorola's share price continues to plummet, I believe you, the chairman who has caused huge losses to shareholders, will never hold on to your position until the end of his term. "

Robert Galvin raised his finger to Simon and angrily interrupted, "you made this!"

Simon nodded: "that's right, but they will only get angry at you."

Robert Galvin, trembling and silent for a moment, said, "65 dollars."

Simon didn't mean to collapse the business, so he made a little concession and said, "OK, 70 dollars. However, Motorola must take out the money within one week. As a guarantee, Motorola needs to transfer US $30 million into the account of Westeros before opening tomorrow. If Motorola fails to fulfill the agreement, Westeros will not return the money. "Robert Galvin insisted on Bargaining: "70 dollars is too high, 67 dollars, and I need at least a month."

Simon said firmly: "70 dollars, a week. Mr. Galvin, I'm not the kind of person who likes to bargain. You don't have a second choice. "

Robert Galvin still didn't give up, saying: "westero, if I don't agree, it's not good for everyone to continue to smash the plate, you will also face huge losses."

"I can afford the loss," Simon said, shaking his head indifferently and looking at Robert Galvin. "But you can't. After the stock market crash, the stock market will be very depressed in the next few years. I spent one day smashing Motorola's share price to $62, but it may take you a year to get back to the high of $75.50. So if you refuse, I'll let Motorola's share price fall another year tomorrow. "

Robert Galvin's expression was uncertain for a moment, and finally compromised: "deal."