How a Calamity Necromancer Retires

Kim Won-cheol, whose approval rate reached 37 percent, burned his feet.

What Kim Won-cheol chose to defend management rights was, of course, treasury stock purchase.

I said while watching the news article.

“Bucks has also started a tender offer.”

Deokbae Kim nodded and said.

“yes. They set the same price as us.”

“75,000 won?”

“That’s right.”

“Then let’s raise more.”

In general, when a hostile takeover is attempted, several defenses exist.

Either raise the acquisition cost by inserting various poisonous clauses, or reverse-purchase the stocks of the other side that attempted a hostile takeover and engage in a head-on confrontation.

But the problem is that none of these methods work for public opinion.

Regarding the toxic clause, the only thing that can be done in Korea is to amend the employment contract to pay a large amount of compensation if the CEO is dismissed.

In addition, the way to reversely purchase the other party’s stock is to use a system in which voting rights cannot be exercised if both companies mutually own 10% of each other’s stock, but the problem is that the company is not listed.

In other words, even if Bugs wants to buy Seron’s stock, there is no way to buy it.

Therefore, the only thing left for the Bucks is a defensive defense technique, which is to secure as much stake as possible through open purchase of treasury stocks.

And, of course, the funds spent on repurchasing its own stocks are…

I said with a smirk.

“That way, the extra money on the Bucks side will run out faster.”

It was the live ammunition accumulated for the competition with Formie.

Live ammunition that Bugs saved to cover the cost and deficit of introducing the robot system.

The live ammunition is erroneously used up in the purchase of treasury shares due to hostile mergers and acquisitions.

And that’s by buying stocks that cost far more than they were originally worth because of hostile takeovers.

I don’t know, but there will probably be bloody tears.

The money wasn’t set aside to be spent on something like this.

“Anyway, only ordinary shareholders are upset.”

The stock of Bugs is marching high due to the management rights dispute between me and Kim Won-cheol.

Naturally, those who previously owned Bucks stock would want this dispute to last even longer.

That way the stock price will keep going up.

“If I had known it would be like this, I would have bought some Bucks stock and saved it. hahahaha.”

At Deokbae Kim’s words, I smiled and said,

“no. It’s a good thing I didn’t buy it. If we ever sell it later, the vice president and I won’t be able to dispose of it.”

At best, the price was raised, and investors were persuaded and attracted to the same side, and then suddenly everyone got used to it and fell alone?

Of course, the stock price of Bucks will plummet, and investors and general shareholders will fiercely criticize Seron’s move.

In the first place, this hostile takeover is not to make money through stock price gains, but because the purpose is to continuously cause management disputes to completely exhaust the basic physical strength of Bugs and then conquer the Korean market after kneeling down.

“So you’re saying you’ll still own the Bucks stock?”

“of course. I’m not swearing at you for money. Besides, I have to keep threatening Kim Won-cheol so he won’t be out of his control.”

“hmm.”

At that time, Deokbae Kim, who had been thinking for a while, spoke.

“Then, what do you plan to do if the approval rating is really over 50 percent, and Kim Won-cheol is removed from the CEO position and the management is seized?”

At that, I put my chin on my chin and said.

“Actually, that’s what worries me the most. If you take over, you will have the first publicly traded company with a diversified stock.”

If we acquire Bugs, the effect will be clear.

Because you can take over the Korean market right away without taking away the share of Bugs.

The problem is, of course, the low stake in Seron.

The tender offer has now raised the stake to 7%, but even after all this dispute is over, Cerron’s stake in Bucks will not exceed 30% at most.

The reason is simple.

Investors will not readily sell their shares.

And even if they sell their stake, since the market capitalization of Bugs before the stock price soared was 35 trillion won, they would need tens of trillions of dollars just to acquire the stake.

In other words, in order to maintain management rights, it is necessary to manage friendly shares well.

It was clear that it would be a very troublesome situation for me, who had decided everything alone and handled it arbitrarily.

“I’m still thinking about whether to just destroy the Bucks due to a dispute over management rights, or whether to really take over and use it as the 2nd team in Formie.”

“Is there any reason you want to keep 100% of the stake?”

“Um… To put it simply, do you want to spend my money the way you want?”

Because they had to bear the huge cost of rebuilding the undead legion.

“Then I just think it makes sense to take over.”

Ohh?

“Why?”

“Anyway, even if the Bucks are acquired, they have no choice but to become Formie’s second team. The reason is simple. Seron has no choice but to put more effort into Formie, which owns 100% of the shares. Then, the Bucks’ share will naturally drop gradually. In other words, it is a matter that time will solve.”

That makes sense.

“And if you don’t make acquisitions, then you end up breaking Bucks and then slowly absorbing the concrete customers who are still at Bucks, wouldn’t that make each and every acquisition a waste of time? In that case, I think it is much more efficient to just take over and then spend the time.”

If you think about it, the current taxon is a different existence from the taxon of the past.

Before that, the company was small and very sensitive to such things, but now that it has grown to the point where it has grown in size, it is better to look at it as a large country rather than worrying about having a stake in just one company.

“I was a bit obsessed with stakes. thank you That’s good advice.”

“It was nothing.”

“Then let’s move on the premise of taking over.”

“All right.”

“Anyway, the future plans have been roughly sorted out…”

I said with a bright smile.

“Kim Won-cheol is also triggered, so shall we continue running?”

*

Infinite competition in which if Seron raises the bid price, Bucks will also raise the bid price.

Thanks to this, the stock price of Bugs, which was priced at 50,000 won, rose 2.5 times to 130,000 won in an instant.

When the situation reached that point, the people who were watching threw stocks, saying that everyone should sell them before the dispute over management rights was over, and thanks to that, the stocks were being bought faster.

“Yeah. Money is just running out.”

Of course, the more stocks are released on the market, the faster the rate of capital consumption rises.

A whopping 2.5 trillion won was spent to raise the stake from 7% to 10%.

But it doesn’t matter.

If I’m surprised like this, it means that Kim Won-cheol is on the verge of dying.

“Funding is fine, right?”

“Enough.”

In addition to Kim Won-cheol and Formie, who suffer losses only with Bugs one-tool, Seron steadily generates profits from many affiliates.

Even though the basic size is much bigger than Saeron, even the profits are overwhelming, so in the first place, Bugs is not an opponent of Saeron in terms of financial power.

Anyway, when the situation came to this point, Kim Won-cheol began to desperately fight.

Kim Won-cheol is eager to secure friendly shares by offering stock options and various benefits to major shareholders.

Thanks to this, Kim Won-cheol’s friendly stake is still alive, but in return, Bugs continues to weaken.

Because we have to spend money on stock buybacks and share a small stake later due to the promise of stock options.

“hmm. Anyway, it’s difficult even if it’s too broken.”

In case of emergency, it is a problem to deal with it later if Kim Won-cheol drives Bugs too far, as he has decided to take over.

“Should I shake up the major shareholders on Kim Won-cheol’s side?”

In the end, the key is whose hand the major shareholders raise.

No matter how wild Kim Won-cheol or Sae-ron is, they can never exceed 50 percent of the stake on their own.

Then, at the point of moderately broken, we need a way to press the major shareholders and turn them to my side at any time.

But how?

Kim Won-cheol promises various tangible benefits such as stock options, but all I can show you is the future of Bucks with the introduction of skeletons.

I thought about it for a while, then opened my eyes and said.

“hmm? wait for a sec.”

No matter how strong the support for Kim Won-cheol is, if Kim Won-cheol continues to break down Bucks to defend management rights, no matter how friendly the majority shareholder is, he will eventually have to worry.

The reason why the majority shareholder supported Kim Won-cheol in the first place is because Kim Won-cheol’s Bucks judged that the stock price he owned was positive for the price, rather than being in the second group of Formie.

Then, no matter how friendly it is, there is no choice but to waver.

“At this time, if I hold the leash of the major shareholders even weakly and shake it, won’t they come over right away?”

From nob le mtl dot com

Moreover, I was hesitant to take over because I was worried that I would not be able to control Bugs on my own because of the stakes of the major shareholders.

However, if I can hold on to the leash of such major shareholders, I will be able to control Bugs more easily.

“I need a leash, a leash to control the major shareholders. After all, the best way…”

I said with my eyes shining.

“It’s money.”

*

“It’s another special meeting tomorrow.”

The chairman of Daeun Industry clicked his tongue and said.

“Seron, Jingha, Jinghae.”

Hostile mergers and acquisitions initiated by Seron.

In the aftermath, Bugs suffered from domestic and foreign exchange.

This is because all the funds that should be invested to secure competitiveness went into treasury stock purchases.

However, the reason why I still support Kim Won-cheol is because I think it is the best result for the Bucks to create a two-strong structure of Formie and Bugs, using the monopoly barrier as a shield over the Union.

However, Chairman Da-eun was also getting tired of Kim Won-cheol’s recent frenzy.

To the point where I’m worried that Bugs’ funds are running out, and that it’s ruining Bugs completely.

At that time, a phone call came from Industrial Chairman Da-eun.

It was Kim Won-cheol.

“Yes, sir.”

-Chairman, tomorrow is an extraordinary general meeting.

“I know.”

-Seron These guys don’t know how to give up. hahahaha.

Even though he is having a harder time than anyone else, Kim Won-cheol tries to somehow maintain his composure in front of the chairman, who is an investor.

– If only the chairman and us are strong, there will be no chance of losing management rights. hahahaha. Can I believe in tomorrow?

A request to exercise the right to veto the dismissal of the CEO at the general meeting tomorrow.

After thinking about it for a while, Industrial Chairman Da-eun nodded and said,

“of course. Don’t worry.”

– I’m relieved to hear it myself. Thank you, Chairman.

After the call, Da-eun, chairman of the industry, said.

“For now, let’s keep pushing Kim Won-cheol.”

Although he is a little worried, it is not to the extent that Bugs will collapse right away, so Industrial Chairman Da-eun decided to support Kim Won-cheol.

“CEO Kim Won-cheol accounted for 17 percent, and 7 percent was purchased with treasury stock. If you add another 5% of the industry and friendship shares to this, it will be rejected again without major incidents.”

That’s when I made the decision to support Kim Won-cheol.

This time I get a call from an unknown number.

“hmm? Who is it?”

Industry president Da-eun received the phone call.

“hello?”

-Are you the president of Daeun Industry?

“Yes, but who are you?”

-hahahaha. Can’t you remember my voice?

At those words, an image of a person came into the mind of Industrial Chairman Da-eun, who was searching for memories.

“Han… Chairman?”

The owner of the voice is Chairman Han Ji-hyeok.

-oh! You remembered.

Chairman Da-eun of the industry said with a firm expression.

“Did you contact me about the shotgun? I’m sorry, but I intend to support CEO Kim Won-cheol.”

-Why?

“Because it is ideal for Bugs and Formie to divide the Korean market into two.”

-Even though Bugs is being ruined like this?

“Instead, the president’s taxon group also spent a lot of money, didn’t it? This sluggish fight will end someday.”

– It’s good. I mean, I have plenty of room. So, I was also investing in other places at the same time.

“different place?”

-yes. Can you give me some sauce?

Hearing the company name that jumped out of Han Ji-hyeok’s mouth, cold sweat broke out on the nape of Industrial Chairman Da-eun’s neck.

“What, what?! What kind of small child is that now!”

– No, because the company looks very promising. Anyway, I have something to say about that investment…

Han Ji-hyeok said in a laughing voice.

-Are you ready for a conversation?

*

“Any problems?”

At the words of Kim Won-chul, who attended the general meeting, the executive nodded and said.

“yes. 24% of our own shares, including friendly shares, total 60%, confirmed.”

“good.”

At the first general shareholders’ meeting, he was shocked to see a 37% approval rating, but since then, Kim Won-cheol has somehow defended the 60% by managing friendly major shareholders and buying treasury stocks.

Therefore, I was sure that the dismissal of the CEO would be rejected without any major change this time around.

At that time, the door opened and Han Ji-hyeok entered the conference hall, leading the shareholders attached to his side as always.

Kim Won-cheol glared at Han Ji-hyeok and said.

“Never come clean. Bucks is my company. It’s my own company.”

At that, the executive nodded and said.

“yes. You don’t have to worry. Don’t worry, boss.”

The general assembly began with the host stepping up to the podium again.

Friendly investors argue why Kim Won-cheol should remain in his position, while the opposing side cries out why Kim Won-cheol should be dismissed.

After that remark, the vote began.

After the voting exercise was over, Kim Won-cheol looked at the friendly major shareholders and said.

“We will win again. Thank you for your support.”

The major shareholders nodded their heads with smiles at those words.

However, at that time, I saw several major shareholders with a particularly hard expression.

Among them, the expression of Industrial Chairman Da-eun, who has the largest share, is particularly serious.

“Chairman Daeun Industry? Are you okay?”

At Kim Won-cheol’s words, Da-eun Industrial Chairman turned away from his gaze and spoke in a low voice.

“I’m sorry.”

At those ominous words, Kim Won-cheol said with a puzzled expression.

“yes? What is that all of a sudden…?”

Then the presenter said.

“All votes have been taken. The result… uh…?”

A bewildered presenter.

Seeing this, Han Ji-hyeok’s shareholder said.

“Announce the results quickly!”

Kim Won-cheol, who felt that something was going wrong, said to Da-eun, chairman of the industry.

“What the hell is going on? Are you sure you agree?”

Then, Da-eun Industrial Chairman said with a bitter smile.

“There was no way.”

Then, Kim Won-cheol, who was heartbroken by the confirmation of the death of Industrial Chairman Da-eun.

“Didn’t you say you would support me just yesterday!”

“It was. I was definitely thinking of doing that, but Seron had been secretly buying Daeun Industrial stocks. Then yesterday, it exceeded 5 percent and became subject to disclosure.”

“yes?!”

“They say it’s for investment purposes… but in the end, it was nothing more than a threat to get out of this fight. sorry. Because of the investment, I couldn’t bear to see the industry go into chaos like the Bucks.”

“That’s why it’s so sudden!”

At that time, the host who received the demand eventually spoke into the microphone.

“The agenda of this general meeting, the dismissal of the CEO, was finally approved with 54 percent approval.”

At those words, Kim Won-cheol collapses and sits down.

“Approved…?”

It was the moment when Kim Won-cheol, who had never stepped down as CEO since its founding, was forcibly pulled down.

Then, Han Ji-hyeok smiles and approaches them.

“Chairman Daeun Industry?”

“yes.”

“thank you. Instead, as promised, Saeron will be the eternal ally of Chairman Da Eun Industry, as long as Da Eun Industry supports Sae Ron.”

At those words, Kim Won-cheol finally understood the whole situation.

Serron secretly bought up to 5 percent of Daeun Industries’ shares, as he did with Bugs.

And then I talked to the president of the industry.

Like Bucks, Seron may attempt hostile takeovers against other industries.

At the same time, if he is meekly on the side of Seron, he will use the 5 percent stake he has already purchased as the majority shareholder of Da-Eun Industry, and in the future, if there is a management dispute similar to Bugs in Da-Eun Industry, he will unconditionally stand on the side of Chairman Hyun.

In the end, the chairman of Da-Eun Industry, concerned that it would spread to Da-Eun Industry, the home base, accepted the condition, and Da-Eun Industry and Seron became each other’s white knights.

Da-Eun Industry, which supports Saeron with a stake in Bugs, and Saeron, who supports Chairman Hyun with a stake in Da-Eun Industry.

Buying another stake in the company that holds the stake in order to secure a stake in Bucks is literally a waste of money.

Kim Won-cheol gritted his teeth and said.

“Hey, Han Ji-hyeok!”

“huh? Since when have you stopped talking to me?”

“This is too much! Even if you do this, it’s too much!”

Then, Han Ji-hyeok slowly approached Kim Won-cheol and said.

“Why is this, even though it was you who started the fight first.”

“what······?”

“Union. Would I have done this if I had been fair and fair from the beginning? But, thanks to you, I can eat the Korean market easily, so I guess I should call it a blessing in disguise?”

“Ugh!”

Han Ji-hyuk tapped Kim Won-chul on the shoulder and said.

“Anyway, good work so far. I’ll take good care of Bugs instead. Then go carefully, former CEO man.”