Chapter 442 The Last Bid
At this time, a smile appeared on David Smith’s face, because at the morning board meeting, Ivanta represented IC Capital and stood on his side. of.
What many people don’t know is that he had already met with the other party earlier and made an agreement.
It seems that being able to bring the Navigation Group to his side is indeed a move that can determine the outcome. Although he has paid some benefits for this, at least he has protected himself and his family in Xinxing. Clay Group's seat, isn't it?
But many times, history is not exactly similar.
"Vote for John Smith, from Ivanta TP."
Debbie Hogan's words fell, not just David Smith, but others, even John Smith, all He looked at the blonde beauty with surprise.
"No, it's impossible!"
David Smith even shouted out, his eyes fixed on Ivanta, hoping to say Debbie... The votes reported by Morgan were not true...
But at this time, Ivanta had no expression on her face, even when she was facing everyone's eyes with various emotions.
"Ms. Ivanta, and everyone here, do you all confirm the votes I just announced?"
"Yes."
Including Ivanta, all Everyone confirmed that the votes read out came from their own choices...
This also means that in the morning board meeting, John Smith challenged his eldest brother, David Smith, After the disastrous defeat...
A dramatic scene happened. In the afternoon chairman election, the same John Smith was elected as the chairman of Sinclair Group with a majority of 6:5!
Although he had imagined before that he would oust his eldest brother and take control of the Sinclair Group, after the failure in the morning, at this moment, John Smith still felt a bit like a dream.
“This time the election of the chairman has been completed, and today’s meeting process will be recorded. Congratulations to Mr. John Smith who will serve as chairman of Sinclair Group, act with authority and be supervised by the board of directors.”
John Smith accepted congratulations after Debbie Hogan announced the results.
At this moment, there was a "bang"...
"David!"
It turned out that when David Smith suddenly stood up, he fainted and fell to the ground!
Then everyone was in a panic and started calling doctors and ambulances...
...
After the board meeting ended, Barron got it from Ivanta. information.
According to the announcement issued by the Sinclair Group, Mr. John Smith will serve as the chairman of the board. However, due to physical reasons, the former CEO of the group, David Smith, will concurrently serve as the CEO...< br>
It can be said that from now on, the Sinclair Group has entered the era of John Smith.
This is also what Barron is happy to see. After all, in terms of personality, John Smith is not as strong as the previous David Smith. For Barron, it is easier to "cooperate" ".
But before that, John Smith needs to be allowed to recognize the reality instead of remaining in the illusion of his "success".
In this "pull", Ivanta performed very well. Well, not just this time, Ivanta has grown very rapidly since the establishment of IC Capital.
This is also worthy of her gain. Ivanta now holds 1% of IC Capital’s shares, and in the next nine years, she will be able to receive a cumulative 9% of IC Capital’s share incentives, which will eventually bring her to The company's shareholding ratio is set at 10%. Because when she first served as the CEO of IC Capital, she received an incentive plan for a total of 10% of the shares that would be cashed out every year for ten years.
According to the current scale of IC Capital, these shares are worth more than 100 million US dollars, but both Barron and Ivanta understand that based on the future development of the companies they invest in, this number will reach an astonishing scale .
It is also worth mentioning that as an investment company, not all of IC Capital’s investments are their assets. A considerable part of them come from funds from offshore companies controlled by Barron, such as before Most of the funds for the acquisition of DoubleClick came from this.
Now, Barron’s also needs to focus on other more important things, such as the London Stock Exchange’s acquisition of the Swedish OMX Group.
After Deutsche Börse and Nasdaq Group joined the bid for Sweden's OMX Group, Deutsche Börse raised the acquisition price to 3.45 billion in response to the US$3.3 billion cash acquisition proposed by the London Stock Exchange. US dollars...
However, their acquisition plan is carried out through cash and stocks. In comparison, OMX Group shareholders prefer pure cash acquisitions.
After all, although the trading scale of the German exchange is second only to the London Stock Exchange in the European Exchange Group, their rates and listing fees are lower, which means that their revenue is higher than that of the London Stock Exchange. On the other hand, the LSE is much lower, and the corresponding stock price is not that attractive.
As for the Nasdaq Group, it was also acquired in the form of cash and stock. The quoted price was US$3.5 billion, which was slightly higher than the German exchange.
Recent news is that the board of directors of Deutsche Börse vetoed their management's proposal to increase prices again - it seems familiar. In the previous acquisition of the London Stock Exchange, the board of directors of Deutsche Börse also had such control. Acquisition costs.
So in this bidding, it has basically been announced that the German exchange has withdrawn from the competition.
From the London Stock Exchange, it can naturally be seen that the board of directors of OMX Group intends to sell the company and is taking advantage of competitors to raise prices for each other.
But in reality, a price increase is inevitable, but Barron will not let the other party continue like this endlessly.
Recently, the London Stock Exchange submitted its latest offer to OMX Group, preparing to acquire OMX Group for US$3.5 billion in pure cash.
And they said that this will be the last bid from the London Stock Exchange.
And in order to put pressure on the OMX Group, the London Stock Exchange also began to contact another exchange, the Italian Exchange.
Of course, this contact is not just a smoke bomb. If the acquisition of OMX Group fails, the Italian exchange will be the alternative target of the London Stock Exchange.
The Italian Stock Exchange (BorsaItaliana) is Italy's main stock exchange, located in Milan, with a history dating back to the 19th century.
Not only do they have a stock trading business covering Italy, but the Italian exchange has an MTS bond platform that can reach all of Europe.
In Italy alone, the MTS bond platform is responsible for processing transactions in Italian government bonds worth trillions of euros.
If the acquisition of the Italian exchange is completed, the London Stock Exchange can directly obtain a large amount of European business.
Therefore, even if the OMX Group cannot be acquired, the acquisition of the Italian Exchange can greatly expand the scale of the London Stock Exchange.
According to estimates, the acquisition of the Italian exchange will cost less than 1.5 billion euros, which is nearly half cheaper than the OMX Group.
(End of this chapter)