He successfully took down the shares in Ronald.

Now the shares obtained by Ouhuang Fund, plus the shares in Wang Ye’s personal hands, have accounted for 225 of the total share capital of Estee Lauder, which are all Class B shares.

In addition, Ouhuang Fund has also acquired about 25 Class A shares from the circulation market and from various asset management companies.

If the voting rights are calculated, then the voting rights controlled by Wang Ye are 250 in total!

The members of the Lauder family only own 246 shares, all of which are Class A shares. The voting rights are 246 in total.

In other words, on the board of directors, Wang Ye's voice has surpassed the Lauder family!

...

When Ronald handed over the share transfer agreement reached with the European Royal Fund to his elder brother Leonard.

Leonard was really shocked. He never expected that this matter was real. He originally thought it was a trick that his younger brother played.

"It's really sold?" Leonard asked silly at his brother.

"Yes, the formal agreement has been signed. Brother, have you seen it now? Someone is really willing to pay such a high price to buy the shares in my hands." Ronald said proudly.

Looking at his younger brother Ronald's proud face, Ronald really wanted to go up and give him a fierce left hook, this prodigal son!

The country that his mother has built with great hardship was betrayed by him.

Leonard knew that the family's control over Estee Lauder's company had been greatly reduced by losing these shares.

By the way, who did these shares be sold to? This is also an important question.

Leonard picked up the agreement and saw the equity transferee at first glance: European Royal Fund!

He has long heard of this fund. In the second half of last year, it was widely circulated in the upper circles of Europe and the United States.

This was formed by several old European royal families. I heard that those royal families merged all their family funds, which could be said to have spent all their money.

It can also be seen how important this fund is to several royal families.

What’s outrageous is that this fund is actually controlled by a Chinese and has an absolute controlling stake!

That person is Wang Ye!

Thinking of this, Leonard instantly understood something.

Wang Ye...

Fuhua Company is his, and now it has been merged into Estee Lauder Company in exchange for Class B shares worth US$6.7 billion.

Now, the European Royal Fund, which Wang Ye has controlled, has acquired Class B shares with a market value of US$6 billion from his younger brother!

Thinking of the news from some familiar asset management companies the previous part, some people are secretly acquiring circulating shares.

So, Wang Ye now holds more shares in the company than the Lauder family...

Thinking of this, Leonard's face changed drastically, and he didn't care about talking nonsense to his younger brother anymore. He rushed out of the office and came to the office of the chairman, his son William.

"You immediately contact all asset management companies and funds that can be contacted, and our family will repurchase stocks!"

When William saw his father in a panic, he said this, he was confused for a moment.

"What's wrong with my father, what happened."

Leonard simply told his younger brother Ronald to the European Emperor Fund and his own speculation.

Then he urged: "Contact quickly, I'll raise funds. Time is the most precious now. We must acquire enough circulating shares before Wangye!"

William was also shocked. Before he could react, he opened his mouth and asked foolishly: "Then how many shares do we have to buy back to ensure our family's control over the company?"

Leonard calculated and said, "As long as we can get 17 circulating shares, our family's voice on the board of directors will exceed 50, and Wang Ye will not be able to get more shares."

Leonard is good. Now as far as he knows, Wang Ye already has 225 B-class shares in his hands.

The Lauder family also owns 246 Class B shares because their younger brother Ronald transferred all the shares.

This is all because of

The acquisition of Fuhua Company caused by the acquisition of that company. If it weren’t for the acquisition of that company, the Lauder family held 40 B shares and had 87 voting rights, how could this predicament today occur!

As for the circulating shares outside, that is, the total share capital is 529.

So, as long as the Lauder family gets 17 shares of circulating, the voting right is 263.

Even if Wang Ye buys all the remaining outstanding shares, he has only 261 voting rights!

The voting rights of all the company's stocks, combined, are 524

What's more, it shouldn't be difficult to acquire 17's outstanding shares, but it would be too difficult to buy all the outstanding shares.

Because there are always some investors who are unwilling to transfer, or in other words, they need to pay too much money to get those shares.

...

Leonard and his son immediately took action, and the two divided the labors clearly.

Leonard went to raise funds and wanted to acquire 17's outstanding shares. According to the valuation of Estee Lauder's 56.7 billion US dollars after the acquisition, it would also cost 96.4 billion!

This is still without a premium. Of course, these Class A circulating shares are incomparable with Class B shares, and the premium is definitely not too high.

But at a premium of 20, you also need to prepare 11.6 billion US dollars!

The day before yesterday, his younger brother Ronald asked him to buy those B-class shares, which cost 8.4 billion US dollars. Leonard disdained it and was unwilling to pay the money.

However, after a day, in less than 24 hours, he needed to raise 11.6 billion US dollars to fight a battle to defend control!

Leonard has been in charge of the Estee Lauder company for so many years and has made extensive friends in the upper class of the United States. At this desperate moment, his power is revealed.

In less than a day, we had contacted three banks and five asset management companies to form a consortium to jointly acquire Estee Lauder's outstanding shares.

At this moment, changes in the company's major shareholders, and Lauder's company wants to repurchase shares, are all major events for listed companies, and of course information disclosure is required.

First, the first message was released by the secretary of the board of directors of Estee Lauder.

The company's major shareholder changes, and Euhuang Fund acquires all the shares in Ronald and becomes the new shareholder of Estee Lauder.

As soon as the first one was sent out, investors had not yet reacted, the second message followed one after another.

Mr. Leonard believes that the company's share price is lower than the company's actual value, and has received support from multiple financial institutions and is ready to increase its holdings.

These two news has been posted, and many keen institutional investors can see that there is something wrong.

Contact us not long ago, Estee Lauder acquired Fuhua Cosmetics Company and Wang Ye became the company's largest individual shareholder.

In addition, ordinary people may not pay attention to the actual controller of the European Royal Fund, but institutional investors must know that it is Wangye.

Everyone understands that this is a battle for company control breaking out between Wang Ye and the Lauder family!

The machine holding shares of Estee Lauder became excited. In this battle, both sides were eager to acquire outstanding shares.

Who should I sell it to? So, the one who has the highest price will get it...

Leonard rushed into the battlefield with a check, and the father and son began to contact various shareholding institutions for repurchase negotiations.

Of course, they have a lot of choices and don’t give a high premium, so they start with a premium of 15.

On the other hand, Wang Ye was no longer moving.

At the Four Seasons Hotel in Queens, the team of the European Capital Fund lives here, and Wang Ye also rushed over from Pengcheng.

The battle is about to end, and of course the protagonist, he, will be present.

Now here are Charles, Frederick, and Wang Ye, the three of them are the main ones.

"Wang Ye, what should we do now? The circulating shares have only acquired 25 yuan, but we have no funds!" Frederick said anxiously.

If Leonard and his son did not react, then the shares they hold now would be enough to defeat the other party.

However, now the other party reacted and increased its holdings. According to the information found, this time Leonard and his son were going to acquire 17 circulating shares and get more than 50 voting rights.

Then I'm just

No chance of winning.

For this "elephant swallowing plan", two billion US dollars were prepared in advance, and the remaining 3 billion US dollars from the foundation was only 23 billion US dollars.

However, just to get the B-class shares in Ronald, he paid 8.4 billion US dollars. In the acquisition of those 25 outstanding shares, it was still not many, and he also spent 12 billion US dollars.

The funds were basically exhausted.

If you have prepared for so long and spent so much energy and financial resources, and you still cannot get control on the board of directors, it means that this plan will be completely failed.

It can be expected that in the days to come, Leonard and his son will definitely use their convenience to control the board of directors to slowly erode their own interests until they are discouraged and transfer their shares at a low price is eliminated!

If you get into a very promising company, plus a huge amount of more than 20 billion US dollars, is it the ending that Frederick can't accept it?

Charles was much calmer than him, sitting there silently looking at Wang Ye.

Wang Ye smiled and comforted, "Don't worry, since Leonard and his son obviously knew our purpose, how could I not be prepared?"

Frederick's eyes lit up and he asked, "What kind of backup plan is there? Are you sure of winning?"

Charles next to him also raised his ears with concern, wanting to hear what Wang Ye said.

Wang Ye smiled mysteriously and said, "This matter cannot be disclosed yet. When Leonard and his son convene a board meeting to announce victory, everyone will know."

Although Frederick really wanted to know it now, Wang Ye had no choice but to comfort himself. He had to worry about it. When did Wang Ye ever disappointed him? Let's believe him.
To be continued...