Chapter 854 Broadcom Group

On July 27, the 30th Summer Olympics began in London.

On the same day, the Olympic torch relay arrived in London and arrived at the London Bowl (Stratford Olympic Stadium), where the opening ceremony of the London Olympics will be held.

At the opening ceremony, Barron sat next to the royal family, with Prince William next to him, while Bonnie was whispering something with Princess Cather...

As for the children, including George and Richard, they were in the VIP area not far away with Tamaran, Catherine and the Earl of Bute's family.

It is worth mentioning that this is also the first time Bonnie has appeared in front of the camera after giving birth.

Last month, she gave birth to a girl for the third time - Carida Cavendish.

Because she had given birth to two sons, George and Richard, Bonnie has been looking forward to having a daughter since then.

After three months of pregnancy, when she learned through color ultrasound that she was pregnant with a girl, she was very happy and kept thinking about how beautiful her daughter, who inherited her and Barron's excellent genes, would be in the future.

However, since Kalida is only a month old, she cannot be brought to the opening ceremony of the Olympics. She is accompanied by many nannies and maids at home...

Before the opening of the London Olympics, C4S also fulfilled its commitment to the London government in the agreement and sent more than 10,000 security personnel to the London Olympics in total - more than 6,000 of them are temporary foreign employees from Kolo who have received qualified security training.

Since 2003, Kolo has been mainly receiving British education in school. Therefore, over the years, coupled with the increasingly strong English communication atmosphere in its society, the younger generation of Kolo now speaks English as their mother tongue.

In addition, nearly half of these security personnel from Kolo have experience in performing security missions in Iraq, Afghanistan and other places, and need to cooperate with the British and American coalition forces. Therefore, they are all fluent in English, and naturally there is no problem in serving as security personnel for the London Olympics.

In addition to the more than 10,000 security personnel of C4S, in order to cope with the current severe situation - in addition to participating in the US anti-terrorism war, which has made the London Olympics threatened by "terrorists" in the Middle East, there are also threats from terrorist organizations such as the Irish Republican Army - the British government has also urgently mobilized more than 20,000 soldiers to participate in the security of the Olympics.

That is why many reports have mentioned that the number of British troops used for Olympic security is more than they are currently in the battlefield in Afghanistan.

In addition, a large number of active weapons and equipment have also been put into security.

The British Air Force has imposed martial law on the surrounding areas of London and southeast England. If an aircraft enters the restricted airspace illegally, the military will first require it to follow the military fighter to fly away from London.

If the aircraft does not cooperate, the fighter will fire flares or lasers at it.

If the aircraft still refuses to obey orders, it will be shot down by the British Air Force.

To this end, the Royal Air Force's "Typhoon" fighters were deployed to Northolt Air Force Base, and the "Long Sword" missile and "Starlight" missile defense systems were deployed at six locations in the eastern part of London, four of which were grasslands, hillsides and river valleys, and two were on the roofs of residential buildings.

...

Just as London welcomed the Olympics, in the United States, after discussion, the board of directors of Broadcom finally approved the acquisition plan proposed by Avago Technologies.

According to this plan, Avago Technologies will acquire Broadcom for a total price of US$35 billion, including US$20 billion in cash and US$15 billion worth of stocks.

After this acquisition plan is reached, Avago Technologies will first issue 15,000 common shares to IC Capital, Goldman Sachs, JPMorgan Chase and BlackRock at a price of US$120 per share, raising a total of US$18 billion in funds, plus their US$2 billion of own funds, to pay the cash portion of this acquisition.

Since Avago went public in 2006, its stock price has risen by nearly 200% in less than 6 years from the day of listing to now. This time, Avago issued additional shares to four investment companies and banks, and the price was calculated based on the average price of nearly 30 trading days, which was $120 per share. Based on this calculation, before this additional issuance, Avago's market value had reached $30 billion.

It can be said that this time Avago's acquisition of Broadcom is different from the "snake swallowing an elephant" in the original time and space, but a merger between two giants.

After the merger plan is approved, it only needs to obtain the "pass" from the United States and the European Union, and then the merger of the two companies will officially begin.

According to Chen Fuyang's plan, after Avago acquires Broadcom, the new company will still use "Broadcom" and become Broadcom Group - this is also because Broadcom has a longer history than Avago and is more well-known in the semiconductor industry. At the same time, using the name of Broadcom is also easier to give the company the mark of "American capital".

The merged Broadcom will move its headquarters from Lijiapo to the United States and have more American shareholders.

Because in the merged Broadcom Group, Rich23 Capital's shareholding ratio will be reduced from more than 80% to 39.25%...

IC Capital received half of the additional shares in this additional issuance, and its shareholding ratio in Broadcom Group was 14.25%; Goldman Sachs Group, JP Morgan Chase and BlackRock Group equally shared the remaining half of the additional shares, each holding 4.75%. …

Shareholders of the acquired Broadcom company can obtain 23.8% of the shares of the new Broadcom Group.

Chen Fuyang will continue to serve as chairman and CEO of Broadcom Group. His shareholding ratio in Broadcom Group is 2.95%.

In this way, if the original shareholdings of Broadcom shareholders are added, the U.S. shareholding ratio of Broadcom Group will exceed 50%. There is no problem at all in saying that this company is a U.S.-owned company.

However, Rich23 Capital and IC Capital, two investment companies controlled by Barron's, will still hold a total shareholding of 53.5% in Broadcom Group in the future, and they will still be able to maintain their strong influence on the semiconductor chip giant.

"This acquisition will change the current structure of the semiconductor industry. Qualcomm has previously opposed the merger of Avago and Broadcom, believing that the merger will cause chaos in the semiconductor chip industry. However, according to what we obtained from the U.S. Department of Justice, According to the news, Avago’s acquisition of Broadcom will most likely be approved this time..."

The acquisition of Avago has naturally attracted media attention, and the Wall Street Journal published a relevant report yesterday.

It seems that they do have a more accurate source of information, because Barron's also received news from the United States, and their relevant antitrust agencies will not set up obstacles to this acquisition.