Blackstone Code

Chapter 855: Merge with me

After Lynch hung up the phone two or three minutes later, Mr. Patou returned to the table and sat down.

He gave Lynch some time to think about the information he had just received on the phone, which was a kind of politeness, and it was a kind of education.

Of course, the upbringing of a certain individual cannot be used as a standard to cover all behavior rules, because everyone is in a different social class, and they treat the world and the way the world treats them differently.

You can't ask a worker to take care of you for the two or three minutes needed to process and settle the information. They may not even choose to avoid you before you get on the phone, but look at you with great care.

So that when you look at them, they will inexplicably ask, "Aren't you going to answer the phone?"

Educated people certainly make people feel like standing in the warm sun in March and enjoying the warm spring breeze, but those who are not educated are not necessarily cold winter.

uncertain!

"Mr. Wardrick's call", Lynch smiled actively and talked about the call, "Where did we talk?"

Mr. Patou's attention was obviously taken away by the title "Mr. Wardrick". He reacted a little later for two seconds, "I don't mind paying all in cash. Of course, cross-shareholding can also be used. "

"As long as I can complete my investment in this company, any method is negotiable."

Originally, Mr. Patou planned to "purchase" the shares of Lynch Company by cash and equity, but now he has added one and is willing to pay all the cash.

The exchange of shares to obtain shares of other companies is actually very common. This is a good way to convert company stocks that could not be counted as cash into usable wealth without causing a sell-off, saving these capitalists a lot of money. Time and cost.

But this kind of transaction itself has many restrictions, not to say that it is necessarily good and suitable for every situation.

Especially when the other party is like Mr. Patou or Mr. Wardrick, he has to become more cautious.

There is not much restriction on the use of money, but the shares are different.

One million cash, you can use it whatever you want. Whether it is to save the girls in need until the last bill is spent, or to use it for other personal enjoyment, it is personal freedom. choose.

No one can refuse a person to spend his own money on a girl in need. They can at best verbally condemn these people's attitude towards life.

But the shares are not the same. It is not easy for large companies, especially listed companies, to realize the shares in their hands. If the number of realizations is relatively large, they must inform the exchange in advance.

How many shares of a certain company’s shareholders intend to realise, or the transfer of the rights of the shares, must be notified to the exchange at least one day in advance, otherwise the relevant departments will initiate an investigation on the undeclared equity changes.

This is designed to prevent various financial crimes, although sometimes there are enough ways to circumvent this problem for real financial crimes.

In addition to these, there is another problem. Suppose that Lynch agrees to Mr. Patou's request and obtains shares in the Star Dream Butterfly Group.

However, whether the shares in his hand are realized or transferred, they must first be approved by the board of directors of the group company. This is a way for big capitalists to eat people.

Almost all federal consortia and large group companies have similar regulations to restrict board members. Once shareholders hold more than 3% of the shares, the realization and transfer of shares must be approved by the board of directors.

It sounds weird. This is a very personal matter after all, but the board of directors has its own opinions.

And before acquiring shares in these consortia, some things will be written in the contract.

This not only provides capitalists with an effective method of self-protection, but also provides them with a way to "cannibalize" people with their own group company shares!

I exchanged one million shares for all of your shares in a company with a market value of only 500,000. It looks like you have made a profit?

Not only did the assets change from half a million to one million, but they also indirectly enjoyed the shares of the original company that might be a few thousandths or ten thousandths.

But in fact, this is not the case. When the board of directors refuses you to cash out or transfer your shares, whether you will be hungry or not depends on whether the capitalists suddenly show kindness.

There have been many cases in the history of the Federation. A large company swallowed a small company by exchanging shares. The founder of the small company declared bankruptcy before he could reach the pinnacle of his life.

This is because there is a provision in the agreement they signed that it is forbidden to realize and transfer the shares for a certain period of time after the exchange of shares, otherwise a huge amount of compensation will be required.

After killing these small businessmen by other means, the company bought back his shares at a very low price in accordance with the content of the supplementary clause of the share transfer contract.

Some companies will even specify a price for the recovery of these shares in the supplementary clause, and they hardly conceal their greed.

In this way, they may have robbed one small company after another at almost no price.

Maybe some people will ask, can't you just refuse them?

This problem is sometimes difficult. First of all, many people cannot refuse the desire to get rich overnight.

The only way and standard to realize self-worth in the Federation is to make oneself look like a "successful person", that is, a rich person.

Secondly, the struggle in business is more **** than people think, it is not romantic at all, and there is no respect for the enemy.

Everyone who lost their lives during the business war and finally chose to jump off the building to end their lives proved this point.

Even if people know that there are some pitfalls, sometimes they have to jump into it.

The cash after the exchange of holdings is another guarantee.

At this time, Mr. Patu gave a way to be willing to invest in cash after a short period of thought. Of course, although the cash in his mouth was cash, it was not a one-time cash injection, but in batches.

Lynch did not immediately agree, "After too much equity is let out, my control over the company will be reduced, but we all know that I can't refuse some investors. Of the shares I can take out, who owns? Not one of us can decide."

Mr. Patu nodded, "You mean you want to hold key votes?"

Lynch nodded without denying it.

"But you will definitely make people dissatisfied by doing this. You can actually accomplish this in other ways, for example, I will be on your side."

Lynch couldn't help laughing when he heard this, and he asked, "Do you believe it yourself?"

"At least for this moment, I believe I can do this!"

Lynch shook his head, saying nothing.

It is very common for a federal founder to be kicked out of the decision-making or even the board of directors by shareholders. No one guarantees that his own interests are always with the founder.

Instead of letting others rely on, it is better to hold the key votes.

According to the rules of federal law, any major vote must be approved by a majority. So what is the majority?

This is a more complicated concept, because the person who first established the concept of "majority" was not sure what to call the majority.

So they came up with a simple method, found some people, and gave them a point.

If there are only two people, no one can convince anyone, and there is no majority in it.

When there are three people, if two people stand together, then this belongs to the majority.

In other words, most are more than 50%, but not too much.

Finally, with the help of some mathematicians, it was determined that the concept of "majority" must exceed 66%.

In other words, Lynch must hold no less than 34.1% of the shares in order to control the "critical vote."

As long as he disagrees, the board of directors cannot force it through.

He himself holds 34.1% of the shares ~lightnovelpub.net~ only 65% ​​can be released. If you count the inevitable future listing plan, it can actually be divided by others. The shares are less than 30%.

Too little, and investors will definitely be dissatisfied.

Secondly, all investors don't like someone holding key votes, which makes them feel that their money is wasted and they can't do anything about the company they invest in.

This is precisely a very core issue. Lynch doesn't want to lose the right in his hands, because he can see through the fog and see the future, but other people can't.

In the silence, Lynch seemed to have thought of a more appropriate way.

"Mr. Patou, I have another plan, which may be of interest to you."

Mr. Patu sat upright, regardless of whether he was aristocrat or not, in short, his appearance was in line with the manners of aristocrats, "Please say, Mr. Lynch."

"We split the rights of the shares and split them into rights and benefits. You can get the shares you want, but these shares have no power."

"In other words, you can sit on the board of directors, but you do not have the right to vote"

Mr. Patu shook his head first, "It's not possible", but when he said this, he didn't continue speaking, but frowned and thought.

He subconsciously wanted to reject Lynch's proposal, but he felt that it was not impossible to do so.

Anyway, he does not intend to express his opinions or vote on the board of directors. The investment is entirely for influence and future interests, and by the way, he uses Lynch's power to enter the arms sales field.

So it seems that shares without power are not unacceptable.

Even because of this idea of ​​Lynch, he extended many other ideas, such as some problems within the Xingmengdie Group.

The room fell into silence for a while