Chapter 1463 It Is Inevitable to Win

"Boom——"

"Come in."

In a spacious office full of luxurious details and a luxurious Hollywood Regency style, Andy sat in front of a very large and heavy mahogany desk, and looked up at the little assistant who walked in with a slender waist.

"What's up?"

"Mr. Alvitre and Mr. Bardstone have arrived."

Andy nodded calmly, "Let them in." He lowered his head and continued to look at the announcement in his hand about the announcement made by Qualcomm after it noticed an abnormality in the stock market in the secondary market.

"Boss x2"

Andy looked up at the two most capable men who walked in, smiled slightly, and stretched out his hand to signal, "Sit down."

After the two sat down opposite him, Andy raised his hand and shook the document and said, "Have you received the announcement just released by Qualcomm?

Listen, Qualcomm's board and management have continued to execute on their strategy of keeping the company financially sound and well-planned for return on capital while focusing on investing in opportunities that will allow it to expand its leadership in mobile into entirely new areas .

Accurate positioning for the next phase of profitable growth. As its technology and product roadmap expands into entirely new industries, Qualcomm has a huge opportunity to create significant added value for shareholders.

To sum up, Qualcomm is not willing to be acquired, and Qualcomm can create a new round of value for shareholders by relying on its own strength.

Hehe, they chose this time very shrewdly. Tomorrow Christmas Eve on the 24th and the day after tomorrow Christmas will be announced two hours before the holiday. They are fighting! "

"Boss, Qualcomm's response was within expectations. It is very rare for us to be able to accumulate funds steadily for such a long time. There is not much room for manipulation in the secondary market.

Qualcomm's awareness this time is also because we and our partners contacted their minority shareholders and acquired shares.

At present, I hold 15.2% of the shares. According to the position information of investment institutions given in the recent 1F documents, 6.01% of Qualcomm’s shares are held by major institutions. These institutions are the key targets of our acquisition of Qualcomm.

Boss, I think it's time to step up to the front and officially announce the decision to acquire Qualcomm. If the current 11-member board of directors of Qualcomm rejects our acquisition, we will directly initiate a takeover offer to shareholders, which will turn into a hostile takeover. Although Qualcomm A "poison pill" counterattack can be launched in accordance with the rules of the US capital market.

However, major institutions will never agree to launch a poison pill plan to harm their own interests. As long as our shares exceed 20%, we can initiate a new board election.

We can divide the shares into six shares and submit candidates. As long as we can control the board of directors, we can complete the first step of the plan. "

Alvetrie, as Andy's chief think tank, is also the first person in charge of the acquisition plan of Qualcomm. Naturally, he always pays attention to Qualcomm's reaction. When he received Qualcomm's announcement, he convened the think tank The meeting, the final result of the discussion was to start the Black Knight plan ahead of schedule - a hostile takeover.

"Directly bypass the Qualcomm board?" Andy frowned and muttered. To be honest, he was still a little worried about a capital war that was likely to start in the future.

However, he did not want to carry out privatization holdings. As long as he can control 6 to 7 seats on Qualcomm's board of directors, his first acquisition plan will be basically completed.

"Currently, how many of the largest holders of Qualcomm stock are likely to accept our offer?"

"Boss, we don't need to keep an eye on the top ten institutions, no matter Blackstone, Vanguard Group, Fidelity International Investment Fund, State Street Bank and Wellington Management Group, as long as we can get their support, we want What we do is to impress those small and medium-sized institutions with quotations.

Wrap up their Qualcomm stock with a cash deal they can't refuse,

We can be the first to promise that Qualcomm's current executive management will be like staying in office. After all, our purpose is not to plunge Qualcomm into turmoil. Boss, you just want the power and shares of Qualcomm, don't you? "

Bardstone analyzed in a timely manner that the more Bardstone knows about Qualcomm, the more optimistic he is about the company's future.

Since 1985, Qualcomm was established, mainly engaged in the application services of mobile communication technology in the transportation industry. In 1989, it first launched a mobile communication solution based on DMA technology, and has since become the standard maker of this emerging communication industry.

During the evolution and development process from 2G to 5G technology, Qualcomm has accumulated more than 4,000 DMA patented technologies, and has always led the technological development pace of the mobile industry.

With the advent of the smart phone era, Qualcomm's mobile microprocessor is the first to support the Android operating system. It is conceivable that with the widespread popularity of the free Android system, Qualcomm will definitely become the overlord of the mobile chip industry.

Buddstone knew that this acquisition would most likely turn into a capital war that lasted for several months. This would be an unimaginable game for the boss's cash consumption. At the node, the promised cash transaction is the trump card that can most impress these institutional investors. Seeing the deep frown of the big boss, he spoke again.

"Qualcomm's success is very similar to Intel's success. In a high-tech field, through high investment in research and development, a far-leading technical level, and extensive patent barriers, it can almost block the living space of all competitors. Unless the industry Big changes have taken place, and Qualcomm's status will no one can threaten in the future.

With the increasing popularity of IT technology, many traditional industries have undergone profound changes. Whoever can adapt to the times and introduce IT technology into traditional industries first will gain the ability to subvert giants. "

"The current eo Paul Jacobs is the son of the company founder Irving Jacobs. This may be a difficult bond to break." Andy looked down at the Qualcomm acquisition plan in his hand, tapping his fingers on the table, Said with a frown.

"Boss, this should not be a big problem. Qualcomm shareholders are the real helmsman. After Paul Jacobs took over the post of Qualcomm EO from his father Irving in 2005, he has experienced the patent process including the staged with Nokia. Although these disputes were resolved in the end, Nokia’s countersuit was criticized by many shareholders for its ability. Now, Qualcomm’s share price has fallen to around $28, which is the same as the highest price. 56 US dollars, almost cut in half, and the shareholders' trust in him has basically been exhausted.

Jacobs holds about 0.1% of Qualcomm shares, including public shares, restricted stock and options. Certain restricted stock will vest in future years based on Qualcomm's performance.

Although it is the founder's family, they hold too few shares. I don't believe that the emotional relationship can compete with the prevailing economic considerations, especially the major shareholders include institutions such as Blackstone and Pioneer. They, hehe. . . "

Alvetrie said sarcastically, and Andy and Bud, who were doing it, knew very well that these private equity institutions really put their interests first, and NAI is a typical representative of mothers.

"If I remember correctly, in July, Blackstone and NB Global jointly acquired the weather channel of Landmark Communications..." Although there was a hint of doubt in his tone, Andy, who has a photographic memory, naturally I remember very clearly, "It seems that I should contact you personally. Our acquisition has no regulatory issues. This is undoubtedly the biggest advantage, and we don't have to worry about the obstruction of the regulatory agencies."

Buddstone and Alvitley nodded in agreement. If a foreign capital acquires a high-tech company like Qualcomm, the strict review and regulatory procedures it will face will undoubtedly be a very headache, and even all aspects have been negotiated. Under such circumstances, a single threat to the national security of the United States can directly terminate the transaction, and that will really cause heavy losses.

"After Christmas, I will send these friends tickets for the Christmas game between the Rockets and the Lakers, and hold a Christmas reception in Houston. I will contact them in advance to find out their attitudes." Andy pondered for a while, and did make a decision.

Qualcomm, he is bound to win. This is related to the power in the future mobile Internet era, and it is the most important part of his bright future to make money. He will never give up this once-in-a-lifetime annexation opportunity when Qualcomm is at its lowest point!