SWNOVELS Chapter 577
Chapter 577 Familiarity
Naturally, Emelle had a plan.
She began, "Our first step is to dispatch our legal team to negotiate with them. SAM is accusing us of a hostile takeover, citing the Securities Exchange Act and the Company Law. But precisely which law was broken?
"The law states that transactions involving less than 5 percent of the company's total shares do not need to be disclosed to the public. Gambling contracts is a common business practice, and acquiring shares from shareholders is a voluntary transaction on both ends.
"Every move we made was legal. SAM cannot slander us simply because they are weaker and have a reason to complain, We will not accept blame for this and will address the lawsuit appropriately."
Jodie acknowledged, "Yes, the lawyers are already preparing our defense. In fact, SAM's Lawsuit is a delaying tactic. They're just buying time to find solutions. That was just the first step. Emelle then revealed the next step of her plan.
"Since what we're doing is already public knowledge, we don't need to hide anymore. We should directly acquire SAM shares from willing shareholders and also purchase as many shares as possible from retail investors," she said.
shares. If both
Jodie was taken aback. "Acquire openly? That might not be wise. The Cedonian company will undoubtedly compete with us. They also hold around 14% of SAM's share sides compete, SAM's stock price will rise. By then, even if we successfully acquire the company, it may not be worthwhile."
The Filo Group had initially sought to avoid creating a competitive situation, which was why they had not used force against SAM
Now that Emelie was employing force, could she still be considered as having passed the test?
Emelie was unperturbed. "That won't happen. Do as I've said."
Jodie couldn't understand her approach, but she didn't have the authority to interfere with her instructions. She could only frown and agree.
Emelie rested her chin on her hand and gazed out the window. She seemed indifferent, but there was a simile playing on her lips, revealing her confidence Jodie suddenly sensed a difference in Emelie compared to before.
Although Emelie had never been impulsive, she hadn't previously exuded such an air of profound mystery. Now, she was inscrutable yet strangely familiar As Jodie carried out Emelie's instructions, she wondered about the source of this strong familiarity.
It wasn't until the legal team appeared in court and the Filo Group's massive acquisition of SAM shares caused market turmoil that jodie finally figured it out.
Emelle now resembled Wesley, be it the way she handled things or her demeanor. It was a sense of superiority that came from control.
The old Emelie was merely a secretary, an excutor. Now, she had become the strategist. It was a shift in Identity. An increase in knowledge, experience, and capability. But their demeanor was eerily simdar. Was it because Emelie was trained by Wesley, or was it because they were...
Jodie dared not think further. It was a secret Wesley had strictly ordered her to keep
Emelie's moves prompted the Cedonian company to take action as well.
Holding 14% of SAM's shares each, the two parties were evenly matched. Therefore, who had control over SAM in the end would depend on how much shares they acquired in Due to the companies competing to acquire shares, SAM's stock price soared from 25 dollars per share to 75 dollars per share in just a week, with a continuing upward trend. The share price was overvalued, so Cloudex Corporation called for a meeting to discuss the situation.
Some felt that, having reached this point, if they didn't see SAM now, their initial investment would be wasted.
Others believed they should stop here. Based on estimates, the stock price might rise to 100 dollars per share. Even if they acquired SAM then, they would face significant losses.
This was because the stock price would undoubtedly fall back to a stable level after the acquisition. For example, if it fell back to 30 dollars per share, they would lose 70 dollars per share. The total loss would go up to tens of millions or even over a hundred million.
SAM wasn't very important to the Cloudex Corporation, so there was no need for them to risk it fighting an oversea corporation.
"Moreover, I findit strange that the Filo Group has suddenly stopped being discreet and is openly making a big push to acquire SAM," one person stated.
"I think it's normal. They originally wanted to do it secretly but were exposed by us. They have no choice but to press on," someone added.
"To put it bluntly, they're acting in desperation with no regard for consequences," another person commented
William, seated at the head of the table, listened to the discussions without speaking
When the discussion subsided, he asked the project manager, "How many shares does each side hold right now?
"Both us and the Filo Group hold 30%, while Jaime holds 17%. The shareholders firmly refusing to sell amount to 7%. So, there are only 16% percent of shares left circulating in
the market.
"'s estimated that at least 10% of those are held by speculators, and they won't sell easily. So, there are only 6% left to compete for," the project manager replied
Willem formed the wedding ring on his finger and uttered three words. "The final push." He meant that they were only one step away from acquiring SAM, so why not continue?