Rebirth of the Strongest Tycoon

That night, Arthur Blank gathered with Bernie Marcus, told him what happened in the morning, and the two had an in-depth conversation.

It doesn't matter what the content is.

Importantly, two days later, Xia Yu received a call from Arthur Blank asking him to visit Home Depot again.

Xia Yu immediately took people there and met Arthur Blank and Bernie Marcus at Home Depot.

"Mr. Blank, Mr. Marcus, hello!"

"Mr. Xia, you are welcome!"

After a while of chatting, everyone took their seats in a small conference room and sat face to face, as if they were negotiating.

Arthur Blank and Bernie Marcus looked at each other, the former said to Xia Yu: "Mr. Xia, I invited you this time because of what happened the day before yesterday. I have discussed it with Bernie. We have initially decided to accept the investment from the capital company.”

"The specific outcome will be decided after negotiation."

Xia Yu nodded slightly and said, "Of course, cooperation is only possible if both parties are satisfied."

"So, is it official now?"

"Okay, let's get started!"

Arthur Blank nodded with a smile.

Then the two parties started the negotiation process.

Unlisted private companies are good at this, making any decision with very few steps and extremely efficient.

Two days ago, Xia Yu had given a preliminary plan, and Arthur Blank and Arthur Blank had also considered it specifically, so the negotiation is very fast now.

The whole negotiation and judgment were intermittent, which lasted until noon the next day, and the contract was officially signed.

First, Arthur Blank and Bernie Marcus supported Polaris Capital's acquisition of more than 100 other minority shareholders.

The second point is that Home Depot has accepted $10 million in financing from Polaris Capital for $18 million.

Third, Polaris Capital Corporation loaned $25 million to Home Depot.

Home Depot had a total of $5 million in mortgages at this point, so its net worth was only $13 million.

Even after receiving tens of millions of dollars in financing from Polaris Capital, the net worth is only $23 million.

The $25 million loan is beyond Home Depot's assets, and it would not have been approved by any financial institution in the world.

However, Xia Yu knew the future of Home Depot, so he reluctantly agreed to this condition of Arthur Blank, winning the latter's favor.

The last one is a condition put forward by Arthur Blank after Xia Yu disagreed with the AB share reform.

That is, as long as Home Depot does not lose money for three consecutive years, and Arthur Blank and Bernie Marcus do not violate the law or intentionally harm the interests of the company, Polaris Capital cannot force them to fire unless they leave voluntarily.

This condition is a specially established self-insurance clause. Without this, Arthur Blank would not be at ease at all.

After all, the combined equity of the two of them is only 52%. If they raise 10 million US dollars, the total equity of the two of them is only 33.43%, which is very dangerous.

If Polaris Capital acquires the shares held by all the other shareholders of Home Depot, plus the equity obtained from the financing, the shareholding ratio will reach 66.57%, which is 0.1% of the equity. Absolute control, able to dominate anything at Home Depot, including the removal of Arthur Blank as CEO.

After the contract was signed, Xia Yu directly transferred $10 million into Home Depot's account, and the remaining $25 million in loans would be credited to the company two months later.

And these two months will be the operation time for Polaris Capital to acquire the equity of other shareholders.

If the acquisition can be completed ahead of schedule, the funds will also be entered in advance. Arthur Blank also knows that Xia Yu is to urge them to help.

This financing decision was made directly by Arthur Blank and Bernie Marcus, and there was no board meeting at all.

Although Home Depot has as many as 144 shareholders, each of them holds no more than 0.5% of the shares. They have no chance to sit on the board of directors or intervene in the management of Home Depot. This is equity. The benefits of fragmentation to the holding person.

After getting the financing equity, Xia Yu didn't have time to personally take charge of the rest of the equity acquisition process, so he called Peter Lynch and asked him to arrange for the acquisition team to come over and take charge of the equity acquisition.

After Home Depot was done, Xia Yu specially invited Ted Turner to dinner, made some suggestions for Turner Broadcasting and the next lawsuit, and then flew to New York the next day.

After coming to New York, Xia Yu first settled down, then came to Bridgewater Fund and found Ray Dalio.

"Rey, have you started?"

As soon as he came to Rey Dalio's office and sat down, Xia Yu went straight to the topic and asked.

Before flying from San Francisco to Atlanta, Xia Yu suddenly thought of something, and called Rey Dalio to buy IBM's equity on his behalf.

Today, IBM is indeed worthy of the title of the Big Blue in the media, but it is the company with the highest market value in the United States, with a market value of $36.8 billion.

If IBM can be acquired, Xia Yu has the strength to control IBM.

But this kind of thinking is just a dream to think about.

Each of the top ten financial groups in the United States has the strength to eat IBM. If there is a chance, I believe that none of the top ten financial groups will not be tempted, and it will never be Xia Yu's turn.

But even if you can't control IBM, you can become a shareholder. It is very difficult to acquire shares, but you don't need too much. A few percent is enough to rush into the ranks of the top ten shareholders. After all, IBM's equity is too scattered. .

Xia Yu wants to get involved in the high-tech industry. If he acquires IBM's equity and becomes an important shareholder, it will even play a decisive role in adding efficient growth BUFF to his actions in the semiconductor and software industries.

Today, IBM's power is so strong!

Almost all semiconductor companies and software companies in the United States have to look up and see their faces. If any company can get on IBM's car, it will make a lot of money.

But if it is blocked by IBM, the future will be gloomy.

Rey Dalio looked serious and said to Xia Yu, "Boss, I have collected all the information and made a preliminary equity acquisition plan, and now I am short of funds."

With the current market value of IBM, even acquiring a 1% stake would cost US$368 million. To acquire a 3% stake would require more than US$1 billion, far exceeding the strength of Bridgewater Fund.

When Bridgewater Fund was established last year, Xia Yu only gave a starting capital of 100 million US dollars, which has been used until now. Although Bridgewater Foundation cooperates with banks to use leverage, it has not been used all the time.

Fortunately, Xia Yu had already told him before that he would provide funds and let Bridgewater Fund Company come forward to acquire it on his behalf.

After all, Polaris Capital is far away in San Francisco on the west coast, and its branch in New York is still under construction and cannot be run for the time being.

Now that the time is tight and the task is heavy, I can only trouble Bridgewater Fund to come forward.

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