Breaking Up Is Better Than Divorce

whereabouts of public opinion

“We got a call from Neuberger Berman that they had agreed to acquire Freescale.”

After discussing opinions with the president of Dasan Electronics, the news I was hoping for came in a few days.

“The final settlement amount is $8.96 billion. Neuberger Berman seems to have put a lot of effort into it.”

Of course, it was because of the fees they would get, but in any case, it was a satisfactory result for Eugene.

“Okay. Then I order you to enter into negotiations with Dasan Electronics.”

In any case, the subject of this work is not Eugene, but Neuberger Berman, a private equity fund.

Neuberger Berman would buy Freescale from Blackstone and hand it over to Dasan Electronics.

Eugene agreed to provide the necessary funds for Dasan to acquire Freescale, and in return, receive bonds and convertible bonds to Dasan Electronics. As a result, Eugene will be able to put out about $14 billion and exert considerable influence on Dasan Electronics.

“If possible, concede interest rates and secure CB and BW as much as possible. It won’t be difficult since Dasan’s financial situation is not good.”

The $14 billion in debt puts a heavy burden on Dasan Electronics, a large conglomerate.

Naturally, they will want some convertible bonds to lower the interest rate burden, which means that Eugene can exert influence over Dasan Electronics.

As Eugene, there is no burden of tying up the funds again, as he can again finance using Dasan Electronics’ corporate bonds as collateral.

“In addition, we are working hard to acquire Dasan Electronics stocks. Dasan Motors as well.”

If the news of acquiring Freescale is announced, it is certain that it will have a positive effect on the stock price of Dasan Group affiliates.

Moreover, we know that in the next few years, the stock prices of Dasan Electronics and Jeil Electronics, the two largest semiconductor producers in Korea, will rise as high as those of US IT giants, so we cannot miss this opportunity.

“Shall we go through Black Rock again this time?”

The acquisition of Dasan Group affiliate stock would be an indirect purchase through another investment institution on Wall Street.

“no. Let’s find another route. Select three or four reliable places and proceed.”

If you suddenly start buying Dasan Group stocks in BlackRock, your opponent may be on the alert.

The world knows the relationship between BlackRock and Eugene very well.

Even if Eugene and Dasan have a secret relationship, if Eugene is holding a lot of treasury stock, it will not help but feel a burden. It’s not yet the time.

– I think we should watch the news. I’ll wait for you to contact me.

While we were talking with Monica about the Dasan group, a message came from Cheol-woo from Korea.

Eugene immediately turned on the TV and switched to a Korean news channel.

[The criminal who attacked Mr. Han has surrendered. It is known that the criminal, who felt the pressure of the police’s investigation network gradually narrowing, announced his intention to surrender to the Eastern Police Station this morning and appeared on his own in the afternoon. According to the police, the perpetrator was an ardent follower of Mr. Kang, a prominent American investor, and has expressed his anger at the suffering he suffered from Mr. Han.]

“Isn’t this going to be difficult?”

Joanna, who is now quite accustomed to Korean, opened her mouth first.

“Well. It’s definitely not like that.”

But Eugene doesn’t seem to care too much.

Of course, it could not be seen as a favorable situation for Eugene, but it was considered that it was not to the point of causing a major problem.

“uh. It’s me. okay. Are you sure?”

– I’m checking now. At least, it seems the perpetrator is right.

“What to do?”

– What. We’ll have to see things work out first, but it’s not necessarily bad. Anyway, the situation is that the Daeyang Group is again in controversy.

It was Eugene’s side this time who got into controversy, but it’s up to you to use it.

“okay. I don’t care, so take care of it there.”

– okay. If there is a problem, I will contact you right away.

* * *

“I’m glad I got to dispose of Freescale like that.”

“I know. From the US side, it was a considerable burden because of the financial costs involved. The group’s situation is not good, so it’s not a waste of money to pay that cost.”

As the news that would once again shake up Korea was pouring in, the eldest and second son of the Chairman of the Daeyang Group were talking about the situation of the Daeyang Group.

The president, who had been greatly weakened for some time, did not convene a family meeting in the meantime, so the important issues of the group were mostly handled by the brothers.

It was originally a position where the third person, Ryu Geun-soo, president of Daeyang Heavy Industries, should also be present.

However, since the chairman’s chief of staff had told him to make the third child responsible for the current situation, the two brothers had been pushing the third to step down as president of heavy industry.

“Hmm… … Should we consider this to be a good thing?”

The eldest son spoke first.

“Isn’t it supposed to be? Don’t you think public opinion will now turn to criticize the Daeyang group instead of against him?”

“Are you going to be like that? There is no connection between the guy and the criminal.”

“Isn’t it okay? Stop driving like that.”

He believed that public opinion’s whereabouts were not determined naturally by the masses, but rather led by someone’s intentions, so he believed that if there was a proper justification, he could drive them away.

“okay. Anyway, you’re lucky. At least, doubts about our oceans will be dispelled.”

“But Geun-soo might change his mind when he sees this news.”

Second, Ryu Geun-il seems worried that the third person, who has decided to step down as president of heavy industry next month, will change his mind.

“That is a completely different story. How much damage has the group suffered so far?”

Even the eldest son is reluctant to do that.

“I have to nail Geun-soo again.”

“Don’t do that. I’ll try to tell you again.”

For the two brothers, the resignation of the third president of heavy industry was not just a matter of responsibility for this situation, but it was something they could never back down because it meant dropping out of the competition between the brothers for the next head of the Daeyang Group.

However, things did not go the way the brothers wanted.

– To be honest, you’re right. Isn’t that girl so shameless? Wasn’t that the way you betrayed the person you were going to marry and tried to ruin your family?

– What are you talking about? That woman was forced to do it because she was s*xually assaulted, right? What is the woman guilty of?

Suddenly things started to get weird.

Even so, it was a time when conflicts between men and women were just beginning to arise.

– Why is there no sin? At least not to the person you’re marrying.

– The blame lies with the man who raped and threatened her.

On the Internet, men and women were divided and harsh expressions were exchanged.

And in the meantime, it was the Daeyang Group that was most criticized.

No one could deny that Eugene was a victim no matter how they looked at it, and although the ex-fiancée had room for forcibly defending it, the actions of the Daeyang Group had no room for any defense at all.

Daeyang Group’s public relations office made every effort to change public opinion on the Internet, but to no avail.

The public opinion, which had been calmed by the arrest of the culprit, rose again like flames, and the stock price of the Daeyang Group began to take a hit again.

“We are getting requests from the Korean media asking the boss to comment on the situation.”

Numerous requests came in from Monica, a publicist on the American side, and Sejong PR in Korea.

“I don’t intend to make any comments, so ignore them.”

I gave the same instructions to both. There was no reason to be at the center of the controversy for nothing.

It was obvious that whatever he said wouldn’t help in the least.

“Let’s advance Dasan Electronics’ acquisition of Freescale, which is scheduled for next month.”

Eugene decided to use this situation as an opportunity to put pressure on the Daeyang Group.

Dasan Electronics also agreed with Eugene’s opinion.

The sinking of the Daeyang Group would be an opportunity for Dasan, so there was no reason to shy away from it.

“Are things going well with Intel?”

Eugene, who decided not to pay attention to what is happening in Korea, decided to pay more attention to the new project that he considers the most important right now.

“I got a positive response. If it is a reasonable price, they will hand over their stake in ASML.”

ASML is a Dutch semiconductor equipment manufacturing company that will grow into a unique supplier in the EUV (extreme ultraviolet) exposure equipment field.

Although it is a company with a technology that will reach 90% of the market share in the next few years, at this point, the technology has been recognized compared to other competitors, but whether it will be used in the mass production stage has not been verified.

In 2012, ASML offered its 25% stake to Jeil Electronics, Intel, and TSMC. This was to expand the funds necessary for the research and development of EUV exposure equipment.

It was also a plan to secure a stable customer base when future development is completed by offering its stake to three major equipment customers.

At that time, Intel secured 15% of ASML shares, TSMC held 5%, and Jeil Electronics held 3%.

The funds received at this time were used to develop EUV exposure equipment, which will be the core of the 7-nano process, and only one recently developed equipment has just been sold to Jeil Electronics.

The future value seems endless, but the problem was that there were only three companies that could mass-produce products using the equipment, and even those companies had not yet completed the technology required for production.

Jeil Electronics, the fastest moving company, was planning to start production of the 7-nano process in about two years, and Intel, which was the first to introduce cutting-edge technology up to the 14-nano process, slowed down the transition to microprocessing and was it always possible to introduce ASML’s latest equipment? was unaware

“What is a reasonable price?”

In the past four years, ASML’s share price has risen about 80%.

“I think they want to get at least a 50% premium. We are trying to lower it as much as possible through negotiations.”

Intel doesn’t seem to be of much help to them right now, but when they learn how much ASML’s stock price will rise in the next five years, they will regret their decision.

Intel is taking this strategy because it has no competitors.

Since AMD has not yet released a proper product, Intel was not very attractive about paying for an astronomical design cost or purchasing equipment worth hundreds of billions of won per unit.

“And it seems that Cheil Electronics is also trying to recover the funds in a timely manner.”

TSMC already sold all of its stake in ASML last year.

You may be satisfied with a return of about 60% in three years, but you will also regret it after a few years.

Jeil Electronics is in a similar situation. It is said that he wants to make a profit by selling some of the 3% he bought for 700 billion won.

It makes it clear that a large company does not always look ahead.

Moreover, they are a major customer of ASML, so they can predict demand most accurately.

For Eugene, it was a shame to miss this opportunity.

“It doesn’t matter what the premium is. Give whatever you ask, and take everything.”

“All right. What will the first electronics do?”

“It’s the same with that. Give as much as you can and buy everything.”

Eugene ordered the acquisition of all ASML stocks on the market.

And a few days later, I received an unexpected message from Joanna.

“It sounds like you want to talk directly with the boss about the sale of the stake in ASML in Cheil Electronics.”

“At Cheil Electronics? who? boss?”

“no. The vice president of Cheil Electronics said he would visit once.”

“Hmm… … .”

The vice president of Cheil Electronics is the older brother of the CEO of KF Entertainment, whom he met recently, and the eldest son of the chairman of the Cheil Group.

Eugene wondered why he had asked to see himself for this.

“okay. Then take a moment.”

I don’t know what I want, but there’s nothing I can’t meet.