Hollywood Hunter

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Simon Westeros tried to be on the Motorola board of directors. Not only was the Westeros representative held in Chicago for three days, but he was also given a 'big gift' by the chairman of Motorola at Christmas. Fun topic.

Too many people have a hard time accepting that a young boy who has suddenly become rich is rampaging in the capital market and trying to encroach on his original power.

Faced with Westeros' Christmas silence, Wall Street, North American media and tech companies owned by Westeros are speculating about how Simon Westeros will react next.

Monday, December 28.

After the holiday, the working day is coming again, and the response given by Westeros is also simple and rude.

Westeros' tit-for-tat statement appeared early in the morning on the same page of the New York Times that Motorola Chairman Robert Galvin made last week.

"The Westeros Company regrets the stock market crash in October, but the company has obtained its due profits under the premise of complying with business rules, and has never used any illegal means to try to manipulate the market. And, Westeros Company After the stock market crash, the buying operation with huge investment has played a supporting role in the entire technology sector, and a large number of new technology companies have benefited from it."

"Therefore, we cannot accept the accusations of Motorola Chairman Robert Galvin at all."

"The move by Westeros to join the board of directors of its holding companies is to protect the interests of its major shareholders and at the same time to provide appropriate support and advice for the development of these companies."

"To show that Westeros has no speculative intentions, we will continue to take stakes in another 25 companies other than Motorola, raising our stakes to more than 5 percent for public scrutiny."

"The Westeros Company has made a public commitment that, for companies that accept us on the board of directors, the Westeros Company will not conduct any reduction operations in the next three years. For companies that do not accept us on the board of directors, other than Motorola, Westeros The company will also hold the shares for at least one year."

"at last."

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

After Westeros' announcement, the media and Wall Street were quick to decipher the core content: Simon Westeros would reduce his holdings of Motorola shares worth hundreds of millions of dollars while continuing to pick up other tech stocks.

This is actually the intention of Simon to make 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 large quantities without warning, other technology companies held by the company will also be affected by panic, causing a series of chain reactions. .

Now.

Simon said in advance that he is not only targeting Motorola, but also will continue to absorb other technology stocks and maintain long-term holdings. The Westeros sell-off of Motorola stock would not cause panic in the market.

Immediately after.

When Wall Street was still speculating on what strategy Simon would take to reduce his holdings, at 9:30 in the morning, the New York stock market had just opened, and a sell order for 1 million Motorola shares hit the market directly. Time has smashed a downward gap across the broader market curve.

Until the news was completely spread, the investors who thought the stock market crash was coming again did not stabilize.

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

In just six and a half hours, Motorola lost $1.28 billion in market value.

at the same time.

When the Evening News was published, the news appeared in the newspaper that Westeros had made equity filings with SEC for another 25 companies.

In addition to Motorola, the shares of the other 25 companies held by Westeros, with a total value of about 1.3 billion US dollars, all increased their holdings by 0.1% to meet the 5% reporting standard. Westeros actually Just need to put in less than $13 million.

also.

Before today, the Westeros Company had confirmed only five board seats in total. However, as of the close of the afternoon, the number had increased to 11, and executives of the remaining companies also called to discuss.

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's performance was quite strong, but by noon, the other party's attitude had completely softened. However, subsequent calls about Motorola were basically blocked on the grounds that Simon was in a meeting.

Simon does have a meeting.

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

On Monday morning, Simon was discussing the proposed acquisition of New World Entertainment with James Raybold and the Rayburd law firm team. Jennifer's mother, Carol Raybold, will be in charge of the Rayburd law firm next.

Inside a building on 51st Street in Midtown.

The meeting continued until five o'clock in the afternoon. Down

During the shift, Simon had just walked out of the headquarters of the Rayburd Law Firm with everyone when he met another aggressive old man. The anger was obviously more intense.

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

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 any vacation at all. After the phone call was fruitless, he had to fly in from Miami, Florida. New York.

A request for a meeting with Simon was turned down, and he had to come to block the door himself.

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

Simon shook his head simply and said, "Mr. Galvin, you overestimate the attractiveness of Motorola's board seat to me. Moreover, since I have publicly stated that I want to reduce my shareholding in this company, I will not be like some people. of."

Robert Galvin twitched his cheeks and said, "In this case, Motorola can buy back the remaining shares in your hand and make an offer."

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

Jennifer said without hesitation: "4.13 million shares."

Simon turned to Robert Galvin, whose face was embarrassed again after hearing this number, and said, "Mr. Galvin, 4.13 million shares, if Motorola wants to repurchase, according to the closing price of $75.5 last Thursday, erase one For a fraction, you can pay $300 million."

Robert Galvin stared at Simon and said subconsciously, "You are extorting."

Simon shrugged and said, "Alternatively, you can buy back this batch of stocks from the open market, and I guarantee the price will be much cheaper."

Robert Galvin was angry again.

If all the shares held by the Westeros Company could be bought from the open market, he would not be here today at all.

The stock transaction of the exchange is automatically matched by the system according to the asking price of the buyer and the seller, and it is impossible to specify which stock to buy. Westeros just had to set the selling price a little higher than the rock-bottom price, and Motorola's attempts to absorb from the open market would be in vain.

Motorola's stock turnover rate exceeded 6% today, reaching 5.7 million shares. Westeros has sold three 1 million shares at several price points in a row, but only sold all 4.7 million shares. of less than 600,000 shares, that's why.

Moreover, with less than 600,000 shares, Motorola's stock price plummeted by 17.9%. Robert Galvin couldn't imagine that Westeros Company sold all the stocks in his hands through a public selloff, and the company's stock price would rise. What a fall.

Now.

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

After gnashing his teeth for a moment, Robert Galvin said again: "$60, this is the highest price I can give."

Simon repeated somewhat mechanically: "$75.50."

Robert Galvin clenched his fist subconsciously. If he could be thirty years younger, he would definitely pounce on him without hesitation and beat the little guy. However, at this time, he could only suppress his voice and roar: "Don't even think about it, Westeros, you are a bastard, a nouveau riche, a saboteur, you have no idea how easy it is for adults to make money. , you'll just mess up other people's companies like a kid."

Simon listened to Robert Galvin's low roar, squinted his eyes, and said, "Mr. Galvin, you are wrong, I fully understand how difficult it is to build a company. So, I know that if I smashed all the bottles and jars you made with your own hands. How distressed you will be. This matter could have been settled very peacefully, but you caused the current situation yourself. Moreover, you also made me understand one thing , since you all think Westeros is just a bastard who doesn't deserve to be taken seriously, let me show you the nature of a bastard. If you don't want to show respect, I'll show you fear. See, it's that simple "If Motorola's stock price continues to plummet, I believe it is absolutely impossible for you, the chairman, who has caused huge losses to shareholders, 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 it!"

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

Robert Galvin's body trembled, and he was silent for a moment before saying, "$65."

Simon didn't mean to collapse the business on purpose, and made some concessions, saying: "Okay, $70. However, Motorola must take out the money within a week. As a guarantee, before the market opens tomorrow, Motorola needs to first $30 million went into Westeros accounts, and Westeros will not refund the money if Motorola is unable to fulfill the agreement."

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

Simon insisted: "$70 for a week. Mr. Galvin, I'm not the kind of person who likes to haggle. You don't have a second option."

Robert Galvin still didn't give up, saying: "Westeros, if I don't agree, it's not good for everyone to continue to smash, and you will also face huge losses."

"I can totally afford this loss," Simon said indifferently.

He shook his head, looked at Robert Galvin, and said, "But you can't. After the stock market crash, the stock market will be very sluggish in the next few years. I spent one day hitting Motorola's stock price to $62, but I want to return to a high of $75.5. , you might need a year. So, if you say no, I'll let Motorola drop another year tomorrow."

Robert Galvin's expression was cloudy for a moment, and he finally compromised: "$70, deal."

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