How a Calamity Necromancer Retires - How a Calamity Necromancer Retires chapter 97

“It ended too easily.”

Director Lee Won-jin nodded at Kim Won-cheol’s words and said.

“I mean.”

Lee Won-jin, who received instructions from Kim Won-cheol and contacted the union leader.

Since Han Ji-hyeok, who has always been weak against the union, thought that he might be able to stop the skeleton delivery if he put the union first, he even stabbed the chairman with money and made him come forward, but Han Ji-hyuk stepped forward and quickly turned the situation upside down.

The chairman himself came forward and overturned the argument he had made.

The situation ended with the chairman only losing face.

“I can’t help it. Let’s find another way.”

The reason Kim Won-cheol tried to interfere with Formy even by attracting the union was that he had been actively dealing with it by introducing a robot system, but this time Formy brought a service called garbage disposal that Bugs couldn’t do, and a sense of crisis arose.

For Internet commerce companies, the emergence of irreplaceable services naturally leads to customer loyalty.

At that time, director Lee Won-jin smiled and said.

“Still, isn’t the recent stock price trend good?”

At those words, Kim Won-cheol smiled and said.

“That’s right.”

Due to the Formie, the market share decreased slightly, and the stock price of Bugs was also on a downward trend.

But recently, the stock price of such Bugs has been slowly rising again.

“Thanks to that, investors are also satisfied. However, the reason for the rise is still unknown, so I am a little worried.”

A sudden rise in the stock price of Bucks, which had barely maintained a steady state without any favorable news.

“Is there anything special? Originally, stock prices go up and down. Rather, this modest rise is a positive sign. It means that people appreciate Bucks’ vision.”

“That’s right.”

“Anyway, the stock price trend is good and there is still plenty of money, so think about future measures…”

That’s when I was talking with Lee Won-jin.

bang!

A white-faced executive burst into the representative office and said.

“CEO! It was a big deal.”

Kim Won-chul said with a firm expression.

“Is there a problem. What else is Formie…”

“Han Ji-hyeok declared a hostile takeover to Bugs! We are doing an interview live on TV right now!”

At those words, Kim Won-cheol shouted with a shocked expression.

“What, what!?”

Kim Won-cheol hurriedly turned on the TV to check the breaking news.

-···Just as the two companies are currently occupying the top spot in market share thanks to the synergy effect, Formie also decided to take over in order to respond more actively.

Then Kim Won-chul said with a puzzled expression.

“what? Acquiring the Bugs to counter the Alliance?”

The word is good, so it’s the 1st place in market share, but in fact, the union was just a good-looking company that had no choice but to join forces after being hit by Bugs and Formie.

So, of course, industry experts expect that Bugs and Formie will harden into a two-way system, but suddenly a hostile merger and acquisition is declared here.

At that time, Kim Won-cheol remembered what Lee Won-jin had said.

“The stock price rises without reason… you were just buying and collecting Bugs stock!?”

Announcing a hostile takeover means buying stock and forcibly taking control of Bucks.

Of course, stock prices would skyrocket the moment the announcement was made, so it was common for companies engaging in hostile mergers and acquisitions to quietly buy stocks behind the scenes and announce them later.

That said, the rise in the stock price so far is a phenomenon that appeared when Han Ji-hyeok secretly bought Bugs stock.

Kim Won-cheol shouted with a flushed face.

“You, you crazy bastard!”

*

The number of Bucks stocks Seron has bought so far is about 3 percent of the total.

Originally, it was possible to quietly collect up to 5 percent, which would require disclosure, but time was a problem.

At least, since the stock price of Bucks was declining, I was able to easily buy up to 3 percent, but because I bought too much, the stock price rose and the purchase speed gradually slowed down.

Of course, if you buy slowly, you can buy while maintaining the stock price, but then it takes too long, right?

So I just threw it away.

As soon as I declared a hostile takeover, the stock price of Bugs, which was slightly over 50,000 won, soared to 65,000 won in an instant.

“Why are you attempting a hostile takeover?”

In response to a reporter’s question, I said with a smile.

“There is no way CEO Kim Won-cheol will give up management rights. So you have to force it. It is because I have no intention of putting a skeleton in a company that I do not have management rights.”

“Are you saying that after you take over Bugs, you’re going to put skeletons in Bugs as well?”

“of course.”

Shouldn’t investors be shaken by paying this much?

Rather, they should think that it is to their benefit that Sae-ron take over the management of the Bucks should support Sae-ron, not Kim Won-cheol.

The principle behind hostile takeovers is simple.

Collect stocks as much as possible, persuade shareholders, hold a general meeting of shareholders with more than 50 percent support, and kick out existing managers, and that’s it.

Anyway, war has been declared, now it’s time to attack.

“Currently, the stock price of Bucks has risen to 65,000 won. We will make a tender offer at 75,000 won over the next month.”

Tender offers, the public purchase of shares for a fixed period and amount, have been the most common method used in hostile mergers and acquisitions.

At the same time, it is also a threat to the company management that I will pay this much.

“How much is the purchase quantity…?”

“Indefinitely.”

Of course, a huge amount may be spent in this process.

Bugs is also a dinosaur company with a market capitalization of 35 trillion won, although not as much as Seron.

However, whether the bucks collapse according to my plan or really absorb the bucks, as long as we can dominate the Korean market, the money is not a waste at all.

Right now, both the Bucks and Formie are investing in trillions to beat their opponents, and that’s about it.

At that time, reporters gossip and talk among themselves.

“The timing was really good. There is no way for the government to stop the merging of the second and third places.”

“okay?”

“of course. If Formie eats the bucks here, won’t it rise to first place at once and form a second round with the union? Then the union will naturally wither away? Then Formie will end up eating the entire Korean market.”

“Will the Union collapse so easily? It’s kind of number one right now.”

Then the reporter snorted and said.

“It’s a shameful No. 1. Do you know what the share of the two companies was before they merged into a coalition? 25% and 22% respectively. Combined, 47 percent. But what percentage is it now? 37 percent. It was 38 percent a while ago, but it fell again. In the first place, the alliance was not competitive against Formy and Bugs, so we had no choice but to combine them.

“Yes.”

“The problem is that it is true that the coalition has a high share, so even if Formie takes over Bugs, it is free from the monopoly problem. Since the union is still in good shape, it can be argued that it is a Yanggang structure. And what if the coalition declares that it will not take over, gulps Bugs, and then gently dries the coalition to death? That’s it.”

At the reporter’s words, I nodded and thought.

‘Anyone who knows the internal circumstances can see that. But anyway, it’s not a monopoly right now, is it?’

A golden opportunity to completely eat up the Korean market legally.

If the takeover was attempted after the alliance collapsed, the Fair Trade Commission might cancel the takeover itself, saying there would be side effects caused by the monopoly.

Anyway, now that we have declared war, shall we move in earnest?

*

Seron declared a tender offer and started to buy unlimited stocks released in the market.

Of course, this alone was not enough.

The important thing is the persuasion of the major shareholders who currently hold the shares of Bugs.

“A harmony between Bugs’ robot system and skeleton delivery…”

Park Young-gun, chairman of CnT Investment Company, said with his eyes shining.

“I really like that.”

CnT Investment Company is one of the largest shareholders with a 4% stake in Bugs.

I said with a smile.

“Yes? With this combination, Bugs and Formie will be able to quickly push out the Union and dominate the Korean market. However, as I said during the announcement, I will never put a skeleton in a company that has not even secured management rights.”

“That means that the skeleton will be put in only when CEO Kim Won-cheol is kicked out.”

“Exactly.”

“It won’t be easy. Because CEO Kim Won-cheol’s friendship stake is considerable. I am one of those people too.”

“That’s why I’m here to convince you.”

I said with a relaxed expression.

“We are all entrepreneurs who run companies. And for entrepreneurs like us, isn’t profit the most important thing? Didn’t the CnT investment company make significant gains with Bucks stock thanks to Seron?”

The stock price of Bucks soared after the announcement of a hostile takeover.

Naturally, the CnT investment company holding a large amount of Bucks stock was able to make huge profits.

Of course, you have to bring it and sell it to make money, but it is true that assets have soared anyway.

“That’s right.”

“How much more would it be over if Bugs and Formie joined forces? CEO Kim Won-cheol is obviously a great person. Ordinary people created a company called Bugs and brought it up to this point. But that was before Seron took over Formi. Will Bucks be able to beat Formie and dominate the Korean market?”

Park Young-gun, who had been thinking about my words for a long time, spoke.

“When are you planning to start?”

“As soon as you secure enough friendship shares.”

Park Young-gun nodded and said.

“great. CnT Investment Company will support Seron.”

“hahahaha! Good idea!”

After finishing the negotiations with Chairman Park Young-gun, I went outside and immediately called Deok-bae Kim.

-Yes, Chairman.

“How did your persuasion go?”

Kim Deok-bae, who went to meet another investor, said in a confident voice.

– They say they will support us.

“Thank you for your effort. So what percentage do we have now?”

-Including the CnT investment company, it is all 18%.

“I have collected quite a lot. Representative Kim Won-cheol, would you like to ride a poop rope?”

A situation where I bought stocks indiscriminately through a public offer and at the same time persuaded the investors who were my base of support and made them on my side.

So far, he is responding at the level of reading and managing investors, but as Seron’s friendly stake increases, Kim Won-cheol is bound to be cornered.

And a person who is driven to a corner will have an irrational number.

“We will hold an extraordinary general meeting soon.”

I said with a grin.

“Just to show off our strength and to line up our side.”

*

Extraordinary shareholders’ meeting held at my request.

The agenda was the dismissal of the CEO.

The reason for the dismissal was that excessive investment caused the Bucks financial difficulties, which was in fact just an excuse.

“Come in, Chairman.”

I entered the conference room under the guidance of Park Young-gun, who was completely on my side.

At that time, I saw a man sitting in the front seat and not even turning his head.

It is Kim Won-cheol, the CEO of Bucks.

You will be angry and embarrassed.

In the meantime, Kim Won-cheol is the founder of Bugs and is no different from Bugs itself, so you probably never even imagined a dispute over management rights.

‘Then why are you touching me?’

Even if I hadn’t used the union, I would have just competed fairly with business.

“Where is my seat?”

“It is over there.”

How long has it been since I sat in the chair with the major shareholders who were on my side?

The moderator stepped onto the podium and the general meeting of shareholders began in earnest.

When the agenda is revealed and the time for everyone to speak comes, a man raises his hand and steps onto the podium.

Then Park Young-gun whispered in my ear.

“I’m the executive director. One of CEO Kim Won-chul’s aides.”

“Is that so?”

Lim, the executive director who came to the podium, said.

“The reason for dismissal was financial deterioration due to excessive investment. However, I would like to say first that this claim is completely unfounded. Our Bugs has been investing a lot to increase our market share, and now the rate of return is gradually improving…”

As a spokesperson for Kim Won-cheol, Executive Director Lim speaks out that this dismissal agenda is unfair.

“…and again, the Bucks have no financial concerns to worry about, as they currently have significant headroom.”

Then, looking back at the shareholders, Executive Director Lim said.

“Dear shareholders, we are now facing a serious crisis. Competitors Formi, no Seron, created this situation by declaring a hostile takeover. Of course I understand. The harmony between the skeleton and the robot system could definitely create a great synergy. but!”

Lim said in a firm voice.

“Is that claim really true? It is very doubtful whether it is the intention to take over our Bugs and destroy it from the inside out. Everyone, Bugs has been growing without stopping. And that’s the result of CEO Kim Won-cheol’s sweat and blood. Can Saron, who has nothing to do with these bugs and whose intentions are suspicious, manages them well? I see no.”

Then he lowered his head and said.

“I sincerely ask for your support for CEO Kim Won-cheol.”

Executive Director Lim came down after his remarks.

The other side argued the injustice of this agenda, so it is our turn this time.

After deciding to be on my side, Chairman Park Young-gun, who has been most active, raises his hand and steps on the podium.

“You mentioned sound finances, but where did those finances come from? It’s our investors’ pockets. In return, we received a stake, but the question is how long will we bear this investment? Endless deficit and now even introduction of robot system. Our funds are finite, but Bugs is competing with the infinite Skeletons of Seron. Will there be an end to this fight?”

Then, Park Young-gun, who insists on why Saeron should take over Bugs in earnest.

I looked at it and smiled and said.

“you’re good.”

When the other side claims unfairness by putting forward Kim Won-cheol’s one-man team, Bugs, Park Young-gun hangs over the investment money like an investor.

“Now we need to stabilize. The only money I have invested in Bucks so far is 700 billion won. yes. Of course, as an early investor, I definitely benefited. But if he hadn’t bought shares from Cerron, Bucks’ share price would have continued to fall, and he could have lost money. So, wouldn’t it be better to end it now?”

Park Young-gun said with a confident expression.

“There is only one way to end this endless fight. compromise right away. And I think this acquisition is part of that compromise. Seron and Bugs will work together to put an end to this meaningless race!”

Then the shareholders who turned to my side clapped and shouted.

“Right!”

“It’s time for a change!”

Shareholders on the side of Kim Won-cheol shout at the cry of such shareholders.

“These traitors!”

“Even if it was taken over by Seron, it would end up being treated like the 2nd team of Formie, what kind of compromise is that!”

Then my shareholders immediately responded.

“Then you want to keep pouring money like this?”

“I’m going to exercise my rights, but you’re betraying me!”

They overheat for a while, but the host steps in and manages to calm them down.

“Please calm down. The assembly is not over yet!”

After barely calming down the shareholders, the host said.

“Then… now we will proceed with the vote on the dismissal of the CEO.”

Thus began the vote to dismiss the CEO of Bugs.

And the result is…

The moderator looked at the final vote and said.

“With a 37 percent approval rating, this bill has been rejected.”

It was our defeat.

However, our faces were bright enough to believe that we were losers.

“37 percent?”

“That high?”

Conversely, the facial expressions of Kim Won-cheol and his aides…

“…37 percent? so much?”

“This crazy.”

I’m so embarrassed that I can’t even think of a winner.

That’s right, because 37 percent was a much higher approval rating than I thought.

“I thought about 30 percent. Ohh.”

By convincing the major shareholders and purchasing stocks through a public offer, I secured a total of 25 percent of the shares.

If you add the vote of neutral shareholders to this, I thought it would be 30% at best, but it came out a whopping 37%.

This means that a large number of neutral shareholders who were fascinated by the combination of skeleton and robot system voted for this side.

I turned my head and looked at the pale Kim Won-cheol.

“Can you feel it? If this is the case, I might really be kicked out of the representative position. then you have to move It’s not something we have to buy back our own stocks and defend management rights.”

The more Kim Won-cheol overdoes it to defend management rights, the more the Bucks’ stamina will rapidly deteriorate.

Then I just have to go there and decide what to do with the bucks.

I said with a bright smile.

“Let’s have some fun.”