Breaking Up Is Better Than Divorce

deals and offers

“At $8.2 billion, we have decided to take over the entire stake in Intel.”

Joanna succeeded in acquiring Intel’s ASML stake at a slightly lower price than Eugene requested.

It was a mutually satisfying transaction.

With this transaction, Intel has made nearly 2.5 times the profit in four years, so it is natural for shareholders to welcome it.

And for Eugene, for just $8 billion, he had a stake in a company that would grow at least fivefold in the next four years.

However, what is more important than the profit to be gained from the increase in the value of the stake is that it has laid the foundation for acquiring ASML, which will stand as a super leader in the semiconductor industry.

“We also decided to take over 1.6% of Capital World.”

Intel isn’t the only one buying ASML stakes.

The stakes in ASML were divided among various investment companies, and Joanna was collecting them little by little by contacting them and offering appropriate prices.

“I also bought a 7% stake in HN Industries.”

In addition, the purchase of shares in several companies, which had been ordered separately, went smoothly.

“It’s even more amazing to see it like this in person. I knew that CEO Kang was handsome, but the real thing is much better.”

The first vice president of Jeil Electronics, whom I met, praised Eugene first, starting with his appearance.

“Thank you for looking at me that way.”

When he heard that a man said he was handsome, he was rather embarrassed, and Eugene seemed to sweat on his forehead.

“ah. It’s not because our Jung-ah praised Eugene so many times. He’s also very smart with his head, but how many times have I said that he looks better. Haha, our Jung-ah really deserves it.”

“I was very impressed with Han Jeong-ah.”

It’s a little awkward to bring in your own sister and talk about it. It’s been a long time since I’ve met someone like this.

“Well, how are you? our jung? Very pretty, isn’t it?”

“Sure. He was a very talented manager. He was a very promising person.”

“no. not that How about a woman? Neither of them are at the best age.”

“That’s right.”

“Did I go too far? I’m sorry if I was rude. Actually, Jung-a is my younger sister, but because of the age difference, sometimes I feel like a daughter.”

There is a 16-year difference between the eldest son of Cheil Group Chairman Han Jeong-hoon and the youngest, Jeong-ah. It is not unreasonable to say that.

“it’s okay. I hope to have a good relationship with Jung-ah in the future.”

To be honest, Eugene wasn’t sure what kind of romantic feelings this man really wanted between him and Han Jeong-ah.

Eugene is well aware that he is not as blissful as he seems.

In fact, he is not very good at business, but he has great political power.

While he has already been taking management classes for over 20 years to inherit the Cheil Group from his father, Han Jeong-hoon has entered into a number of businesses.

It was for the purpose of making achievements to prove his legitimacy as a successor.

However, many of the businesses Han Han has invested in have almost failed, and the group affiliates have been responsible for the losses in the past.

The second son, on the other hand, has not achieved much, but has succeeded in small-scale businesses and investments several times.

At this point, it is only natural that doubts are being raised about the succession structure of Cheil Group.

But in the end, it is this man in front of Eugene who wins the succession race.

It wasn’t just because he was loved by his father. It was revealed later that the father was seriously considering handing over the seat to the second son.

As the current chairman who has developed the Cheil Group, which he inherited from the first chairman, into a global group, he would have wanted to pass it down to his capable son for the group’s competitiveness.

In such an unfavorable situation, the reason Han Jeong-hoon took the presidency was entirely because of his political power.

It won the support of other family members and the management of Cheil Electronics, the flagship company of the Cheil Group.

And even after becoming the president, he continued to manage the business with certainty while shoveling several times in business with his unique political power.

Although the management was divided whenever problems arose due to his decisions, Han Jung-hoon was always able to maintain his power.

“Oh yeah! You said you were interested in the ASML stake?”

“yes. He said that even Cheil Electronics owns about 3%. If you tell me the price you want, if it is not excessive, I am willing to take over.”

“You seem to be very interested in ASML. He said that he also decided to take over his stake in Intel.”

“I think it’s worth the investment.”

“Are you planning to take over completely? I have heard that they are also in contact with other places.”

It was only natural that Han Jeong-hoon was interested and concerned about the acquisition of ASML.

Although it has not yet been proven how efficient ASML’s new equipment is, it is because Cheil Electronics was the first to purchase ASML equipment.

However, at this point, it seems that ASML did not think that it would have a big impact on the leadership of the semiconductor industry beyond simply supplying equipment.

“A acquisition is not being considered. Because it’s beyond my ability. We will be satisfied with holding a reasonable level of equity.”

Of course, the appropriate level that Eugene thinks is different from what the other person thinks.

Before meeting with the vice president of Cheil Electronics, the stake in ASML that he secured reached 21% in all, including 15% of Intel.

And I plan to collect at least the amount I have now, including the stake in Cheil Electronics.

Eugene’s goal was to become a clear controlling shareholder of ASML.

“I’m handing over my stake in ASML, there’s no problem. Wouldn’t it be a big deal if the price was right for each other?”

Eugene thought that somehow his opponent was quite sly.

“But what I’m interested in isn’t the price, it’s something else.”

“What do you want?”

“I heard you got Freescale.”

Eugene was a little surprised at the words of a vice president.

It is said that the information power of Cheil Group is the best in Korea.

where did it flow? Eugene saw that it was not his office.

And neither is Neuberger Berman.

It’s hard to believe that Cheil Group has such an information network all the way to Manhattan. If so, then there is only one.

“Can you hand it over to us? The price is reasonable enough.”

A vice president asked with a soft smile.

Dasan Electronics is probably not the only place that wants to acquire Freescale.

Considering the synergy of semiconductor companies, it is not surprising that Cheil Electronics is interested.

“Certainly, there is a great synergy between Jeil and Freescale. But what about it? The owner of Freescale has already been decided.”

“Is your contract with Dasan already over?”

A vice president asked with a surprised expression.

As expected, the source of the information seems to be the fertility side.

At Eugene’s office, only a few very core people know about passing Freescale to fertility.

Only a few know that Freescale was acquired through Neuberger Berman.

However, the Dasan side is quite large, so it may be sloppy in unexpected places.

“It’s almost over. Because the conversation with Mr. Kim is already over.”

“Can we add a little more?”

Han Jeong-hoon asks with a smile that is difficult to understand.

“It’s because I’m not the kind of person who can swallow a word once uttered.”

“Such. He is a big business man, so he is trustworthy. Then I will not work any more.”

Eugene somehow thought that the fact that a vice president mentioned Freescale was not because he was genuinely interested.

If it were Eugene himself, he would have made a more drastic bet to win the freescale. But one vice president was much more concerned about acquiring other companies than Freescale.

“This can’t be done. I came all the way here to give ASML cheap and get freescale.”

A vice president smiled broadly.

“I’m sorry too. If we could do that, it would have been a great deal.”

“Well, it can’t be helped. Yes. Then I will hand over the stake in ASML. Instead, from now on, we’ll be friendly.”

A vice president said as if he was writing a favoritism. Perhaps he was thinking of creating a figure of debt to Eugene by referring to the Freescale Gun.

“I’m sorry again if I just took it. So, how about handing over the stake in HN Industry instead?”

Eugene also prepared something.

“HN Industries? Did you have it?”

A vice president threw away his leisurely appearance somewhere, bowed his head and asked.

“I heard that Cheil Electronics is interested in acquiring HN Industries to strengthen its competitiveness.”

Vice President Han was now concentrating on acquiring HN Industries, a global audio company. Of course, that will be known in the next few months.

“under. I heard this It’s a completely secret project.”

A vice president tried to hide his embarrassment with a broad smile.

The acquisition was carried out with utmost secrecy, and by the time it was announced in November, the shareholders who did not receive the proposal from Cheil among HN Industries shareholders were so careful that they did not know at all.

“I can’t take it. So in that short amount of time, I was going to be the richest person in the world.”

I had to admit that Eugene, as well as Cheil Group, has a lot of information.

Vice President Han seems to be quite nervous while praising Eugene. Sweat was forming on his forehead, as opposed to just a moment ago.

“Aren’t you most interested in our Cheil Group?”

“If you are not interested in being the number one group in Korea and a global company, would you say that you are qualified as an investor?”

“Not as an investor. To be honest, I’m scared of CEO Kang. It’s a big deal if you look like CEO Kang for nothing and look like a big ocean.”

“haha. Nothing to worry about. I see it only as an investor to the last. Pretending to be like the ocean… … To be honest, one is enough.”

Eugene deliberately gave strength to his eyes and said.

It was intended to emphasize the fact that the only place Eugene would face in Korea was the Daeyang Group.

“I’m glad, that. But how many shares do you own in HN Industries?”

“About 11%.”

It is mainly stocks acquired through the stock market and stakes held in small amounts by investment institutions on Wall Street.

“uh? Are there so many already? That’s great. More than we have secured, right?”

“Since we have just acquired it, we will hand it over without attaching a large read.”

Eugene also shows kindness.

We no longer owe each other.

“Acquiring HN Industry would be quite helpful in expanding Cheil Electronics’ business field. I am also thinking about investing in Cheil Electronics.”

“If CEO Kang invests in Cheil Electronics, it will be good for us. haha.”

Whether it’s because he really likes it or not, he smiles awkwardly with a slightly nervous expression.

To be honest, Eugene thinks negatively about Cheil Electronics’ acquisition of HN Industries. You won’t be able to see as much synergy as you think.

It’s not surprising to Eugene, who is aware of one vice president’s acquisitions.

When it comes to acquisitions, various media outlets show that they have a great vision, but in practice they do not produce very successful synergies. It is certain that he falls short of his father in management.

I’m just glad it’s not too bad on the Mercury side.

“Am I not supposed to worry?”

“Sure. Oh, and there is one more thing I want to discuss with you.”

“What? Just speak.”

“Are you interested in Daeyang Motors?”

“Yes?”

Vice President Han asked, surprised by the comparison with when he talked about the stake in HN Industries a while ago.