Rebirth of England.

Chapter 854 Broadcom Group

On July 7, the 27th Summer Olympic Games began in London.

On that day, the Olympic flame arrived in London and arrived at the London Bowl (Stratford Olympic Stadium), where the opening ceremony of the London Olympics will be held.

During the opening ceremony, Barron sat next to the royal family. Next to him was Prince William, while Bonnie was whispering something with Princess Catherine...

As for the children, including George and Richard, they were in the VIP area not far away with Tamarin, Catherine and the Earl of Bute's family.

It is worth mentioning that this is also the first time Bonnie appeared in front of the camera after giving birth.

Last month she gave birth for the third time, to a girl, Kalida Cavendish.

Because she had given birth to two sons, George and Richard, Bonnie had been looking forward to having a daughter since then.

Three months into her pregnancy, she was very happy when she learned through color ultrasound that she was carrying a girl. She kept thinking about how beautiful her daughter would be in the future because she inherited the excellent genes from her and Barron.

However, because Kalida is only a month old, she cannot be brought to the opening ceremony of the Olympics. She is accompanied by many nannies and maids at home...

Before the opening of the London Olympics, C4S also fulfilled its commitment to the London government in the agreement and sent a total of more than 1 security personnel to the London Olympics - among them, more than 6000 security personnel were temporarily hired foreign employees from Colo, who received qualified security training.

Since 2003, Colo has been mainly receiving English education in school. Therefore, over the years, coupled with the increasingly strong English communication atmosphere in its society, the younger generation in Colo now speaks English as their mother tongue.

In addition, nearly half of these security personnel from Colo have experience in performing security missions in Iraq, Afghanistan and other places, and need to coordinate with the British and American coalition forces. Therefore, their English is fluent, and there is naturally no problem for them to serve as security personnel for the London Olympics.

In addition to the more than 4 security personnel of C1S, in order to cope with the current severe situation - in addition to participating in the US anti-terrorism war, which has caused the London Olympics to be threatened by "terrorists" in the Middle East, threats from terrorist organizations including the Irish Republican Army also exist - the British government has also urgently dispatched more than 2 soldiers to participate in the security of the Olympics.

For this reason, many reports have mentioned that the number of British troops used for Olympic security is greater than they are currently on the battlefield in Afghanistan.

In addition, a large number of active weapons and equipment have also been put into security.

The British Air Force has imposed martial law on the area around London and southeast England. If any aircraft illegally enters restricted airspace, the military will first require it to follow military fighter jets and fly away from London.

If the aircraft does not cooperate, the fighter jets will fire flares or lasers at it.

If the aircraft still refused to obey orders, it would be shot down by the British Air Force.

To this end, the Royal Air Force's Typhoon fighters were deployed to Northolt Air Force Base, and the Longsword missiles and Starlight missile defense systems were deployed at six locations in east London, four of which were grasslands, hillsides and river valleys, and two were on the roofs of residential buildings.

...Just as London was hosting the Olympic Games, in the United States, after discussion, the board of directors of Broadcom finally approved the acquisition proposal put forward by Avago Technologies.

According to this plan, Avago Technologies will acquire Broadcom for a total price of US$350 billion, including US$200 billion in cash and US$150 billion worth of stock.

After the acquisition plan is reached, Avago Technologies will first issue 120 common shares to IC Capital, Goldman Sachs, JPMorgan Chase and BlackRock at US$15000 per share, raising a total of US$180 billion in funds, plus their own US$20 billion to pay the cash portion of the acquisition.

Since Avago went public in 2006, its stock price has risen by nearly 6% in less than six years from the day of listing to now. This time, Avago Technologies issued additional shares to four investment companies and banks, and the price was US$200 per share based on the average price of the past 30 trading days. Based on this calculation, before this additional issuance, Avago's market value had reached US$120 billion.

It can be said that this time, Avago Technologies' acquisition of Broadcom is different from the "snake swallowing an elephant" in the original time and space, but a merger between two giants.

After the merger plan is approved, all that is needed is to obtain a "pass" from the United States and the European Union, and then the merger of the two companies will officially begin.

According to Chen Fuyang's plan, after Avago acquires Broadcom, the new company will continue to use "Broadcom" and become Broadcom Group - this is also because compared to Avago, Broadcom has a longer history and is more well-known in the semiconductor industry. At the same time, using the name Broadcom will make it easier to give the company the mark of "American capital."

The merged Broadcom will move its headquarters from Lijiaopo to the United States and have more American shareholders.

Because in the merged Broadcom Group, Rich23 Capital's shareholding ratio will be reduced from more than 80% to 39.25%...

IC Capital received half of the additional shares in this offering, and its shareholding ratio in Broadcom Group is 14.25%; Goldman Sachs Group, JPMorgan Chase and BlackRock Group equally divided the remaining half of the additional shares, each holding 4.75%...

The shareholders of the acquired Broadcom will be able to obtain 23.8% of the shares of the new Broadcom Group.

Chen Fuyang will continue to serve as chairman and CEO of Broadcom Group, and his shareholding in Broadcom Group is 2.95%.

If the holdings of the original Broadcom shareholders are added, the U.S. shareholding ratio of Broadcom Group will exceed 50%. There is no problem in saying that this company is a U.S.-funded company.

However, Rich23 Capital and IC Capital, the two investment companies controlled by Baron, will still hold a total of 53.5% of Broadcom Group's shares in the future, and will still be able to maintain his strong influence on the semiconductor chip giant.

"This acquisition will change the current landscape of the semiconductor industry. Qualcomm previously opposed the merger of Avago and Broadcom, believing that the merger would cause chaos in the semiconductor chip industry. However, according to the information we received from the U.S. Department of Justice, this time Avago's acquisition of Broadcom will most likely be approved..."

This acquisition by Avago has naturally attracted media attention, and the Wall Street Journal published a related report yesterday.

It seems that they do have a more accurate source of information, because Barron also received news from America that their relevant antitrust agencies will not set up obstacles to this acquisition.

(End of this chapter)