v3 Chapter 780： Dashing into the crocodile pool

The location of Qiaoshui Fund Company.

When Xia Yu arrived, Rey Dario was adjusting the division of labor within the fund.

The acquisition of IBM's equity has ended, and the task assigned by Xia Yu has been completed. Naturally, the temporary acquisition team will be dissolved, 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 for tea and waited.

About five minutes later, Rey Dario took a portfolio and walked in quickly.

"Boss, I'm sorry to keep you waiting. This is IBM's stock certificate and transaction contract."

Rey Dario said, handing 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 is 3.01% of the company's total share capital. Except for a small part of the company's share capital, the other is acquired from six minority shareholders, which cost a total of 1.109 million US dollars.

This equity ratio has entered the ranks of the ten largest shareholders of IBM on paper, ranking eighth.

IBM was listed in 1917, and it has been 73 years.

In such a long period of 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 them have been combined with cash and equity, making equity Disperse further.

Today, among IBM's shareholders, there are only three major shareholders with more than 5% of the equity, namely Morgan Stanley, General Dynamics and Bank of America.

Morgan Stanley needless to say, the core pillar of the Morgan Consortium. As for General Dynamics, it is an aero-engine and arms dealer and the core pillar of the Morgan Consortium. Finally, Bank of America is the core of the California Consortium. The consortium has infiltrated severely, almost wearing a pair of pants with the Morgan consortium.

As for other minority shareholders, many are companies in the Morgan Consortium camp.

So in fact, IBM belongs to the Morgan Consortium camp.

The reason why Xia Yu wanted to buy more than 3% of the equity was actually for a board seat in 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 seat on the board of directors.

However, in listed companies, taking into account the diversification of listed companies' equity, the threshold has been lowered, allowing shareholders with more than 3% of the shares to enter the board of directors.

But note that this is allowed!

Just qualifications!

Whether you can enter depends on whether the general meeting of shareholders agrees.

Shareholders who individually or collectively hold more than 3% may submit proposals to the general meeting of shareholders and apply for the right to recommend directors.

After the general meeting of shareholders is approved, 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 review.

This is the normal procedure for recommending directors.

Of course, there is a very special situation in this, which is like the current situation of IBM's equity.

IBM has been listed for too long and the equity is too dispersed, so there are few major shareholders holding more than 5% of the shares. If the number of directors is small, the exchange will worry about the company’s risks. After all, the board of directors is small and any decision can be passed. Easier.

Therefore, in this case, there is another rule that the top ten shareholders of a listed company can enter the board of directors.

That's why Xia Yu thought about breaking into the camp of the top ten shareholders.

And the reason for the acquisition of more than 3% of the equity is to provide another insurance.

After all, he rushed into the camp of the top ten shareholders and squeezed the original tenth place.

The original tenth-largest shareholder already had a seat on the board of directors, and suddenly he was about to lose it. What if he was not reconciled and temporarily increased his holdings?

Therefore, even if the original tenth largest shareholder is unwilling to increase its holdings again, Xia Yu is in eighth position, and there is still room for buffer, and it can be more secure. 3% can still enter the board of directors, not necessarily using the top ten The clause that shareholders enter the board of directors.

After reading it, Xia Yu returned his portfolio with satisfaction and said, "Good job, Rey, thank you for your hard work."

Rey Dario smiled and shook his head: "No hard work, this is what I should do."

Xia Yu nodded slightly and said, "I will ask Peter Lynch to come over later, and you will transfer all the equity to Polaris Capital."

Rey Dario nodded and responded, "Okay."

Xia Yu drank a sip of tea, thought for a while and said, "Rey, I will invest another 200 million U.S. dollars in the company in these two days. You can make a good investment according to the situation.

Rey Dario was surprised and smiled and said: "Okay, thank you boss!"

He secretly thought to himself that, as expected, this month has not been in vain. The boss not only graciously left the profit 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 room for investment.

Seeing Rey Dario's happy look, Xia Yu smiled and nodded.

Later, Xia Yu left, hoping that Polaris Capital would ask Peter Lynch to go to Bridgewater Fund to take over the equity. This process requires the company's seal and other steps, so Xia Yu doesn't do it himself.

The two previous acquisitions of Bridgewater Fund did not report to the exchange in time, so there is no Bridgewater Fund's name among the top ten shareholders of IBM.

But when the equity was transferred to Polaris Capital, and Polaris Capital went to the stock exchange to report, IBM’s equity information was immediately updated.

After all, it is today’s largest company on the New York Stock Exchange and the most valuable company in the United States. It has long been staring at countless pairs of eyes. Any slight disturbance will attract countless attention When the IBM equity information is updated, The unfamiliar Polaris Capital Company immediately became a hot word in the secret, and major financial companies are trying their best to inquire about Polaris Capital.

A financial company that can spend $1.1 billion at a time is very rare. It must be strong and can be regarded as a crocodile.

A crocodile rushed into the crocodile pool. The original crocodiles naturally have to understand clearly and see what attitude they should treat later!

Warren Buffett is no exception. When he saw the name of Polaris Capital, he was shocked and secretly stunned. Xia Yu really did not lie to him. Polaris Capital is indeed strong, and he actually spent more than 1.1 billion at a time. U.S. dollars bought shares in IBM.

For a moment, Warren Buffett felt fortunate. Fortunately, Xia Yu didn't do anything to Berkshire Hathaway. Otherwise, $1.1 billion in funding 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 directors of Berkshire Hathaway and has become his ally. An ally with such strength is very important to Berkshire Hathaway. the benefits of.

The major financial companies know it, and IBM, which is the party involved, knows it. The current CEO Frank T. Cary hurriedly inquired about the news and wanted to know what was going on.

At the time of Frank T. Cary's investigation, Xia Yu had already taken someone to the headquarters of IBM, Almonk, New York.

For the future plan, Xia Yu must enter the board of directors of IBM and become a director of IBM!

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