Reborn America, this is my time

Chapter 206 No One Knows Better Than Me
Although hostile takeovers are a very common means of operation in commercial activities, once the takeover invitation is actually sent out, everything that follows must follow the law.

If the acquisition method proposed by the acquirer is a tender offer, according to the laws of America, the board of directors of the acquiree needs to submit a document to the SEC within ten working days to express their attitude;

If the acquisition is a merger, the shareholders of the acquired company need to vote on the merger agreement, and before the vote, the acquired company also needs to send a proxy statement to the shareholders, which contains the details of the merger agreement and the recommendation of the board of directors, the proxy statement It needs to be reviewed and approved by the SEC before it can be sent to shareholders. After that, a shareholder meeting needs to be held at an interval of [-] days.

It is precisely because America has clear legal regulations on inter-company acquisitions, and the time interval is relatively short, so when Ethan learned that Rockwell's acquisition of Alan Bradley, Commodore After making an offer to acquire MOS, he was eager to understand everything behind it.

And when he finished understanding the inside story and found a way to deal with it...

Now, it's time to sit firmly on the Diaoyutai and be a fun person.

After all, judging from the current situation, Alan Bradley had already contacted Komodor, and Rockwell was Cheng Yaojin who came out halfway.

Since both Komodor and Rockwell wanted a patent, it was natural to do one!
However, when Ethan came to Ballmer's office and leaned on his desk to watch Alan Bradley's press conference, the speech with an Upper East Side accent made him frown.

"I am the chairman of Allen Bradley...I am very happy now because our company has been recognized by our peers...After our careful thinking and discussion in meetings, we decided to accept every proposal proposed by Rockwell. Shares of ... US dollars, totaling ... US dollars of acquisition offers."

"Subject to full regulatory and shareholder approval, the entire transaction is expected to be completed in the first quarter of fiscal [-]... After the transaction is completed, Rockwell will become the largest defense contractor in America and will become A new player in the world of personal computing..."

Allen Bradley's statement was very brief and ended in less than 2 minutes, and their acceptance decision was unexpected by Ethan, because once they accepted Rockwell's acquisition offer, then getting Alan Bradley Len Bradley's Rockwell would be able to block Komodor's purchase of MOS.

And this situation does not conform to the fact that Bill Mensch told him just a few days ago that Alan Bradley, the parent company of MOS, had already reached an agreement with Commodore.

"It shouldn't be..."

“Under normal circumstances, shouldn’t Allen Bradley have rejected Rockwell?”

"Then Rockwell submitted an extraordinary general meeting to request a reorganization of the board of directors?"

"This script is wrong!"

Ethan was a little puzzled.

Just when he felt that Alan Bradley's acceptance of Rockwell's acquisition offer was a bit strange, MOS Technology also issued an announcement in the evening of the same day when he was about to leave work.

"The proxy statement submitted by MOS Technology to the SEC has been approved by the SEC. From today, we will actively discuss the merger with the company's shareholders... This transaction does not involve cash. After the stock exchange merger, all of the original MOS Technology Shareholders will own close to . . . percent of the new company . . . ”

"If the shareholders' meeting passes the vote, then we will start the merger immediately. According to the process, the entire merger can be completed by the end of the fourth quarter of this year at the earliest..."

This news caused big question marks to pop up in Ethan's little head.

WTF?

Is Alan Bradley still going to sell MOS to Komodor?

no!This is even more unscientific!

Because in this case, how can Rockwell obtain the 6502 patent after buying them?

When MOS Technology and Commodore merged, Allen Bradley held the shares of the new company. Judging from the current market value, even if there is a premium, it is about 15.00%.

After Rockwell acquires Allen Bradley, they will only own shares in the new company!When they can't control the new company, the patent owner of 6502 is Komodor!
If a company spends more than one billion but still cannot get the patent it wants...

Isn't this deal a huge loss?
Of course, if you look at it from another angle, this deal is still profitable for Rockwell, because their main income is defense industry contracting. After absorbing Alan Bradley, they can become Ami Liga's largest defense contractor, which allows them to earn more.

But the problem is that when Rockwell proposed the acquisition to Allen Bradley, it made it clear that they would enter the personal computer industry because of this!How could they give up control of cheap chips when Rockwell said with great fanfare that they were going to be a computer?
to be frank……

At this moment, Ethan really doesn't know what tricks these guys are playing.

"Could it be that Alan Bradley is making a fuss?"

"Want to make Rockwell and Komodor fight directly?"

Ethan clasped his hands together, guessing wildly.

But after thinking about it, he rejected the idea.

For one thing, Alan Bradley didn't have the guts, let alone the strength. Although their market capitalization of more than one billion has already crushed 90.00% of the world's eight companies, but with Ford, Morgan, Rockwell, Those Carnegie families challenged head-on?Not even if they are cats!

Secondly, if Alan Bradley is really fighting, then the beneficiary of the whole incident is he Ethan Jones, and in the case of the two sides already having a feud, they are considered to be kicked in the head by a donkey up!It is also impossible to do such a good deed of self-sacrifice!
"so……"

"What is the problem with the whole incident?"

Ethan thought hard.

He couldn't understand.

Because of this matter, he was absent-minded when eating that night, and when he returned home to take a bath, he was scalded by the hot water from the sky and screamed like a pig being killed. Flynn dared not let him drive to the company himself.

If you don't sleep well at night, you won't have the energy to work during the day. When you encounter problems that need to be thought about, others may lie at the desk and stare at the relationship diagram drawn by yourself all day long, but Ethan...

His state is almost the same as fugue.

And just when Ethan was puzzled and almost bald his head, Komodor and Rockwell decrypted it by themselves.They held a press conference on the acceptance announcement of MOS Technology and Alan Bradley, and at the Commodore press conference they said—

"This acquisition will allow us to open a new chapter for Komodo in the field of personal computers. We are confident to challenge Apple's leading position in the industry. Of course, in order to fair competition, we will continue to provide previous 6502 buyers with Chip, at the same time, we will also find new sales for 6502."

"Not only that, we will also work hand in hand with Rockwell. After the merger is completed, the new company will unconditionally authorize 6502 to Rockwell. We will work with Rockwell to develop new chips and work hard. Bring cheaper and more useful products to the public."

'? ? ? '

Ethan's eyes widened at this shared decision.

After he moved his attention to Rockwell's press conference, the spokesperson who held the press conference said with a smile:
"The acquisition is not the end, but a brand new beginning. We, Rockwell, will officially enter the personal computer industry, bringing a brand new consumer product machine to consumers..."

"At the same time, we will also reach a cooperation with Commodore to develop an upgraded version of 6502, tap the maximum potential of this chip, and bring a better tomorrow to the general public..."

Duang!

The words of the Rockwell spokesperson were like a bell, which exploded in Ethan's ears instantly!

"Fuck!"

Ethan jumped up from his seat!

He never expected this result!

He originally thought that Rockwell was engaging in some trickery, and Komodor would yell twice—'Obviously I came first! ', but I didn't expect that these two families were in the same group from beginning to end?

The so-called jealousy among peers is all his imagination?

These guys have been engaged in win-win cooperation from the beginning?
"No - isn't this result too outrageous?"

Ethan couldn't believe his ears at all!

He simply couldn't understand how these giants reached a consensus on a small chip!

Although time will prove that the 6502 will be the most useful personal chip in the history of chip development, but now the value of this thing is only tens of millions of dollars. It is impossible to unite one after another with billions of billionaires!And, judging by what Komodor and Rockwell said...

"These people are still here to punish me?"

Ethan, who wanted to watch them fight and eat melons, only felt that he had become a melon.

"Oh! Sxxt! How can I, Ethan Jones, let you deal with me together?"

"Did I dig the ancestral graves of you people?"

Ethan was cursing, his face was as black as a car's exhaust pipe at the moment.

And since these guys don't talk about Wude, then...

Don't blame him for shaking people!
Ethan, who felt that things were too outrageous, skipped work immediately, turned around and walked into Stanford. After he knocked on the door of the old principal's house and sat down on the sofa in the living room...

He burst into tears immediately.

"Principal!—they bully!—"

Ethan crackled like peas pouring out of a bamboo tube, telling what happened to him recently.

To be honest, after seeing Ethan wipe tears as soon as he entered the room, Fred Terman suddenly felt his head buzzing, because Ethan's current performance was completely inconsistent with his previous performance.

The previous Ethan was not soft-handed and even tougher when encountering problems.

I don't care if you are right or not, but I am right anyway!

I don't care if you are right or wrong, anyway, I scold you first!
But now?

Did you start crying before you even wrote about the chip problem?
This makes absolutely no sense!
While Rockwell and Alan Bradley, Commodore and MOS Technologies all reached an acquisition agreement, the two acquisitions were not formally completed.

When the new signboards are not officially displayed, everything is variable.

But after the old principal listened to Ethan's words, the "HP", "HP" and "HP" that Ethan kept mentioning made the old principal understand everything.

"Okay, Okay, Okay..." The old principal lowered his hands and said, "Ethan, I know that HP has caused you a lot of trouble, so what do you want me to do for you now?"

This initiative to take the blame made the corners of Ethan's mouth slightly curled up.

That's right!When Ethan found that the troubles he encountered were inextricably linked to the background behind him, his first reaction was to ask the people behind him to contribute!

He can be beaten, but he can't hurt in vain, can he?Those of you yourself are more or less mean.

After the old headmaster asked what was on his mind, Ethan stopped hiding it.

Wiping away the tears that were forced out with his hands, he said, "Principal, I want to know why Rockwell joined forces with Commodore? Is their target really me?"

This question made the old headmaster take a deep look at Ethan. After a while, he smiled and shook his head. In front of Ethan, he picked up the phone in the living room.

After a while of transfers, the phone was finally connected, and the old principal began to give orders in front of Ethan.

"Help me check two things. The first thing is the acquisition of Rockwell and Commodore. I want to know all the details. The second thing is the strategic plan of Rockwell and Commodore. , I need it for the past few years, and fax it to me after I find it.”

Ethan didn't know who the guy on the other end of the phone was, but he knew that the information came quickly. He just chatted with the old principal for a while and said that the chip problem had been solved. Now when he was thinking about how to deal with it, the message on the fax machine came. The phone started ringing.

Press receive and the printer beeps.

After waiting for about half an hour, a complete report with dozens of pages appeared in Ethan's hands. He wanted to show it to the old principal, but the other party waved him to leave.

"Take it back and read it yourself, I'm not interested in these things."

These words made Ethan smile and thank him.

Back in the office, he read through it carefully, and the contents of the document were presented in front of him one by one.

First up was the Rockwell and Commodore acquisitions.

As Bill Mensch said, Commodore actually contacted Allen Bradley as early as [-] and expressed his acquisition ideas, but they and Rockway The combination of Er... that is really an understandable 'coincidence'.

Because when deciding to stabilize its main business and expand into the consumer goods market, Rockwell did not mean to acquire Allen Bradley himself, but went to Wall Street to find professionals to help them trade.

Finally, the company that took on the job was named Morgan Stanley.

Although after many years of development, the close relationship between Morgan Stanley and Morgan Guarantee Company is not as strong as before, but there are still exchanges that are more intimate than ordinary friends. Therefore, when Morgan Stanley discovered that Rockway After Rockwell's goal was the same as that of their brother company, they made a match among them, allowing Rockwell and Commodore to reach a cooperation.

Share chips.

In return, Morgan will help Rockwell clear all of Alan Bradley's shareholders.

That is to say, the entire acquisition is carried out in the form of stock + cash, of which cash occupies the bulk.

If ordinary people were to judge, they might think that this kind of matchmaking is outrageous, but in Ethan's view, this kind of cooperation is very reasonable.When a transaction is concluded and the new company is expected to become the number one in the industry, most of the shareholders of the acquired company want the equity of the new company.

One is that stock trading can suspend the payment of capital gains tax.

When shareholders of the acquired company accept a cash offer, they must immediately pay capital gains taxes, which reduces their real return.

Second, stock acquisitions allow shareholders of the acquired company to share in future growth and synergies.

When this thing is placed on a company with better operating conditions, the stock is worth much more than cash.

In this case, it is more beneficial for the acquirer's shareholders to ask the financial company to help them clear out the shareholders of the target company and complete the transaction with a large amount of cash.

Other small companies may not be able to do this, but Morgan...

It shouldn't be too easy!

The agreement between Morgan and Rockwell is seven to three.

This ratio is already quite high.

"It seems that this cooperation is really a coincidence..." Ethan murmured.

But the next second he felt that he was a little unlucky.

"Special code!"

Cursing, he continued to browse, but when Ethan set his sights on the strategic plans of Rockwell and Commodore, he was puzzled by the content of the plans of these two companies.

Commodore wanted to make computers with Altair as early as the first generation of Apple, so their strategic planning was all related to personal computers. Not only that, but the report obtained by the old principal also marked their concern about cheap chips The time, the time in [-] is completely consistent with Bill Mensch's self-report, but the content after that... is somewhat incomprehensible.

The document stated that Komodor wanted to obtain chip patents after seeing Apple's big sale in order to curb the development of competitors, but all were rejected by Alan Bradley on the grounds that they were confident Made the cheapest sixteen-bit chip in history.

This passage echoes Chuck Paddle's insistence.

In Ethan's view, Alan Bradley wanted to delay the time and let the company sell at a high price, so Chuck Pai Duo said that they were developing a sixteen-bit chip, which would not only block Komodor Mouth, it can stabilize him, Ethan Jones, and prevent him from taking money from the chip production company.

For this reason, Commodore hopes that the shareholders of his company can help.

But those shareholders all refused.

This disappointed Komodor very much.

But when the time came to January of [-], that is, at the beginning of this year, those shareholders offered to help Komodor acquire MOS Technology, and they could have a prospect in half a year at most.

This commitment changed Komodor's strategic planning in an instant.

When Ethan captured all these words, his eyes immediately swept down.

After he found out that Morgan Stanley also took over Rockwell's order at the beginning of this year...

An endless smile suddenly appeared on Ethan's cheeks.

"Okay..."

"Rockefeller's investment makes you think that I can be robbed, right?"

"I fucked your mother!"

Although there were no subjective sentences or verbal guidance in the whole report, Ethan could still see their weird behavior.

Because only one thing happened in January of this year, and that was Apple's acceptance of Wenlock's investment.

And when this incident happened, the group of bastards on Wall Street became active...

If Ethan doesn’t know yet, they regard Rockefeller’s success as a clarion call to charge…

Then he should stop running the company!
Wash and sleep!

And when these guys think that Ethan Jones is easy to bully and can bully...

"what--"

Ethan laughed outright.

"Hahahaha-"

He could no longer control his emotions, and tears welled up in his eyes.

Lean back and fall into the boss chair.

Covering his forehead with one hand, his body was trembling.

The crazy voice went from high to low until it disappeared.

The trembling body went from rapid to slow, and finally calmed down.

When he folded his arms...

His cheeks were already icy cold.

"You want to rob, don't you?"

"You think I'm a bully, don't you?"

"Sorry, I, Ethan Jones, am not afraid of anyone other than robbery!"

Since these guys teamed up to make a game!

Since these guys want him dead!

Then don't blame him for accelerating crazily with the accelerator pedal!

He picked up the phone in the office, dialed Steve Ballmer's short number, and asked the bald man to meet him in the office.After waiting for the bald head to close the door and enter the house, Ethan smiled and asked a previous question.

"Steve, do you remember when we first met? I asked you a question, and that was if you knew a student at your school who wrote code for Altair."

"You didn't answer me then, so now I want to know, do you know him?"

When this question came up, Ballmer, who was bewildered during the interview, nodded his head very strangely.

"Boss, I know William, oh—William is Bill Gates, what's wrong?"

The affirmative answer made the smile on Ethan's face wider, and he said, "I'll give you a task now."

"You go find him."

"Tell him I want to invest in him."

"I have a project I want to do for him."

"The end result of this project is on Apple."

"Go ask him..."

"Would you like it?"

Ballmer was taken aback by Ethan's words.

After a while, a huge surprise appeared on his face.

"Good boss! I'm going now!"

As he turned around, the turbulent back made Ethan laugh again.

After shaking the documents in his hand, the names of those financial companies on Wall Street were very eye-catching at this moment.

"You bastards think you can take over the computer industry if you get the chip?"

"nonexistent!"

"Because you don't know that hardware is just the body of a computer, and software is its soul!"

"And the software?"

"what!"

"No one in this world knows software better than me!"

(End of this chapter)