Simon Westeros attempted to join the board of directors of Motorola. Not only was the Westeros company representative suspended for three days in Chicago, but he was also given a "big gift" by the Motorola chairman for Christmas. This incident was talked about by many people during the holiday season.

Enjoyable topics.

It is difficult for too many people to accept that a young man who suddenly became rich is running rampant in the capital market and trying to encroach on his original power.

Faced with the Westeros Company's silence during the Christmas period, Wall Street, North American media and technology companies held shares by the Westeros Company are all speculating on how Simon Westeros will react next.

December 28, Monday.

After the holiday, the working day came again, and the response given by Westeros Company was simple and crude.

Early in the morning, Westeros' tit-for-tat statement appeared on the same page of the New York Times as Motorola Chairman Robert Galvin's statement last week.

"The Westeros Company regrets the stock market crash in October, but the company has fully obtained its due profits within the premise of complying with business rules, and has never used any illegal means to try to manipulate the market. Moreover, the Westeros Company

After the stock market crash broke out, the buying operation of investing huge amounts of money played a supporting role in the entire technology stock sector, and a large number of new technology companies benefited from it."

"Therefore, we completely cannot accept the accusations made by Motorola Chairman Robert Galvin."

"The Westeros Company is trying to join the board of directors of shareholding companies. While safeguarding the interests of its own major shareholders, it is also intended to provide appropriate support and advice for the development of these companies."

"In order to show that Westeros does not have any speculative intentions, we will continue to absorb the shares of 25 other companies besides Motorola and increase the shareholding to more than 5% to accept public supervision."

"Westeros has publicly promised that for companies that accept us to join the board of directors, Westeros will not carry out any reduction operations in the next three years. For companies that do not accept us to join the board of directors, except for Motorola, Westeros

The company will also hold shares for at least one year."

"at last."

"In response to Motorola's malicious neglect of shareholder representatives and inappropriate remarks, Westeros will reduce its holdings of all Motorola shares."

After Westeros' statement was released, the media and Wall Street quickly interpreted the core content: Simon Westeros will reduce its Motorola stock holdings worth hundreds of millions of dollars while continuing to absorb other technology stocks.

This is actually Simon's intention in issuing a statement in advance.

As a large investor that can affect the entire technology stock sector, if Westeros Company reduces its holdings of Motorola in a large amount without warning, other technology companies held by the company will also be affected due to panic, causing a series of chain reactions.

.

Now.

Simon stated in advance that he would not only target Motorola, but would also continue to absorb other technology stocks and maintain long-term holdings. Westeros' selling of Motorola stock would not cause panic in the market.

Immediately afterwards.

While Wall Street was still speculating on what strategy Simon would adopt to reduce his holdings, at 9:30 a.m., as soon as the New York stock market opened, a sell order for 1 million shares of Motorola stock was directly placed on the market. This kind of unreasonable selling behavior has always been

Time has created a downward gap in the entire market curve.

It wasn't until the news spread thoroughly that investors who thought the stock market crash was coming again were stabilized.

However, driven by Westeros, the entire market began to sell Motorola's stock. At 4 o'clock in the afternoon, when the stock market closed, Motorola's stock price had plummeted from US$75.5 at the close of last Thursday to US$62, a drop of 17.9 US dollars.

%.

In just six and a half hours, Motorola's market value evaporated by US$1.28 billion.

at the same time.

When the evening newspaper was published in the afternoon, the news appeared in the newspaper that Westeros Company had filed equity filings with the SEC for another 25 companies.

In addition to Motorola, Westeros holds shares in 25 other companies, with a total value of about US$1.3 billion. All of them increased their holdings by 0.1% to meet the 5% reporting standard. Westeros actually

It only requires an investment of less than $13 million.

also.

Before today, Westeros Corporation had only confirmed board seats for five companies in total. But as of the close of the afternoon, this number had increased to 11, and executives from the remaining companies had also made calls to discuss the matter.

Faced with a market value loss of more than 1.2 billion US dollars, Motorola naturally cannot calm down.

After the "New York Times" statement in the morning, Motorola was still quite strong, but at noon, the other party's attitude had completely softened. However, subsequent calls to Motorola were basically interpreted as Simon being in a meeting.

Blocked by it.

Simon is indeed in a meeting.

After two days of negotiations over the weekend, James Raybould officially joined Simon's company as the president of Westeros. His previous title was the company's legal counsel.

On Monday morning, Simon discussed the acquisition of New World Entertainment with James Raybould and the Raybould Law Firm team. Raybould Law Firm will next be responsible for Jennifer's mother Carol Raybould.

Inside a building on 51st Street in Midtown.

The meeting lasted until five o'clock in the afternoon. During off-duty time, Simon had just walked out of the headquarters of Raybould Law Firm with everyone when he met another aggressive old man. The old man looked like he was in his sixties, and he was accompanied by several entourages.

After seeing Simon, the anger on the old man's face became obviously more intense.

The other party is Robert Galvin, the current chairman of Motorola.

Faced with the desperate sell-off of the Westeros Company, under the dual pressure of the company's major shareholders and the board of directors, Robert Galvin had no intention of taking a vacation at all. After calling to no avail, he had to fly from Miami, Florida in a hurry

New York.

The request to meet with Simon was rejected, and he had to come to block the door in person.

Without any intention of greeting, Robert Galvin calmed down the anger on his face a little, then stared at Simon and said: "Westeros, stop selling stocks, I can allow your people to join the board of directors."

Simon shook his head simply and said: "Mr. Galvin, you have overestimated the appeal of Motorola's board of directors seat to me. Moreover, since I have publicly stated that I will reduce my shareholding in this company, I will not go back on my words like some people do."

of."

Robert Galvin's face twitched and he said: "In this case, Motorola can buy back the remaining shares in your hands. Please ask the price."

Simon asked Jennifer next to him: "Jenny, how much Motorola stock do we have left?"

Jennifer said without thinking: "4.13 million shares."

Simon turned to Robert Galvin, who looked a little embarrassed again after hearing this number, and said: "Mr. Galvin, 4.13 million shares, if Motorola wants to buy back, based on last Thursday's closing price of $75.5, it will erase one

Just a fraction, you just need to pay US$300 million.”

Robert Galvin stared at Simon and said subconsciously: "You are blackmailing."

Simon shrugged and said, "Or, you can buy these shares back from the open market. I guarantee the price will be much cheaper."

Robert Galvin was angry again.

If all the shares held by the Westeros Corporation could be purchased on the open market, he would never be here today.

The stock trading on the exchange is automatically matched by the system based on the opening prices of buyers and sellers. It is impossible to specify which stock to buy. Westeros only needs to set the selling price higher than the lowest price, and Motorola absorbs it from the open market.

The attempt will be in vain.

The turnover rate of Motorola stock today exceeded 6%, reaching 5.7 million shares. Westeros made three consecutive sell orders of 1 million shares at several price points, but only sold all 4.7 million shares held.

This is the reason why there are less than 600,000 shares.

Moreover, just these less than 600,000 shares caused Motorola's stock price to plummet by 17.9%. Robert Galvin simply could not imagine that if Westeros sold all its stocks through public selling, the company's stock price would plummet.

How far did you fall?

Now.

Robert Galvin also understood that Simon Westeros was obviously waiting for him to come to his door.

After gritting his teeth for a moment, Robert Galvin said again: "Sixty dollars, this is the highest price I can give."

Simon repeated in a somewhat robotic tone: "$75.50."

Robert Galvin clenched his fist subconsciously. If he could be thirty years younger, he would definitely pounce on this little guy without hesitation and beat this little guy up. However, at this time, he could only suppress his voice and roar.

: "Don't even think about it, Westeros, you are just a bastard, a nouveau riche, and a destructor. You have no idea how difficult it is for adults to make money. You will only mess with other people's companies like a child."

It’s going to be a mess.”

Simon listened to Robert Galvin's low growl, narrowed his eyes, and said: "Mr. Galvin, you are wrong. I fully understand how difficult it is to start a company. So, I know that if

How distressed would you be if I smashed all the bottles and jars you made with your own hands. This matter could have been resolved peacefully, but you yourself caused the current situation. Moreover, you also made me understand.

One thing, since you all think that Westeros is just a bastard who is not worthy of being taken seriously, then I will let you see the nature of a bastard. If you are not willing to give respect, I will give you fear. Look, things

It's that simple. If Motorola's stock price continues to plummet, I believe that your chairman, who has caused huge losses to shareholders, will never be able to hold on to his position until the end of his term."

Robert Galvin raised his finger and pointed at Simon and interrupted angrily: "You caused this!"

Simon nodded: "Yes, but they will only take their anger out on you."

Robert Galvin's body trembled a little, and he was silent for a moment before saying: "Sixty-five dollars."

Simon didn't mean to break up the business, and made some concessions, saying: "Okay, 70 US dollars. However, Motorola must come up with the money within a week. As a guarantee, before the market opens tomorrow, Motorola needs to first

30 million U.S. dollars of funds were deposited into the Westeros Company's account. Once Motorola is unable to fulfill the agreement, Westeros Company will no longer return the money."

Robert Galvin insisted on bargaining: "$70 is too high, $67, and I need at least a month."

Simon said firmly: "70 US dollars for a week. Mr. Galvin, I am not the kind of person who likes to bargain. You have no second option."

Robert Galvin still did not give up and said: "Westeros, if I don't agree, it will not be beneficial to everyone to continue to smash the market, and you will also face huge losses."

"I can completely bear this loss," Simon shook his head indifferently, looked at Robert Galvin, and said, "But you can't. After the stock market crash, the stock market will be very depressed in the next few years. I spent one day trading Motorola's stock price

It hit $62, but it may take you a year to get back to the high of $75.5. So, if you refuse, I will let Motorola’s stock price fall for another year tomorrow.”
Chapter completed!