Chapter 906 This is Impossible

"Wait a moment!"

Just when John Smith was about to announce the results, Ivanta suddenly said:

"I have another document here..."

Just when Ivanta said this and actually took out a document, the smile on John Smith's face visibly solidified.

"It needs to be pointed out that our IC Capital's shareholding in Sinclair Group is not 15.5%..."

Ivanta seemed to be really just saying something insignificant, but to the ears of John Smith and the representatives of the Pilot Group, it was not the case.

But Ivanta didn't even look at them at this moment, and just continued:

"We signed purchase agreements with Ms. Sophie Smith, Duncan Smith and Robert Smith last Wednesday to acquire the holding company of their Sinclair Group shares through an offshore company. However, due to some reasons , this agreement was just passed this morning and officially came into effect.”

Sophie Smith is the widow of David Smith. Ivanta's words indicate that the shares of the other three Sinclair family members are now owned by IC Capital...

Absurdly, he took the document shown by Ivanta that the secretary brought over. John Smith looked at the contents. Just as Ivanta said, they did not directly acquire the other party's shares, but completed the control of those shares. The company's acquisition, therefore, will not be reflected in changes in Sinclair Group's shareholding until then...

"Impossible, this is impossible!"

John Smith murmured that he had clearly signed an agreement with the three people, in which the other party promised not to sell shares...

Thinking of this, he immediately said:

"This agreement is invalid!"

"Oh? Mr. Smith, I want to remind you that this document has been confirmed by the company's legal counsel, so..."

"But I have signed an agreement with Sophie, Duncan and Robert. They cannot sell their shares. Your agreement is completely invalid."

After hearing John Smith's words, Ivanta said with a half-smile:

"As far as I know, the agreement you signed is that you are not allowed to sell or entrust the stocks they hold after that, right? When did you sign the agreement?"

"Last Friday!"

"It seems that you didn't listen carefully to what I just said, but you can look at the signing time of this acquisition document. It was the acquisition agreement we signed on May 1st, which was last Wednesday..."

"F**K, these bastards!"

At this moment, John Smith finally understood why the three people signed the binding agreement for money after rejecting his request to acquire their shares... How could he know at that time that they had already transferred their shares before that? Including the holding company has been transferred...

Although the representative of the Pilot Group was not as gaffey as John Smith, his face was still very ugly.

Obviously, the other party had already gotten the news before they notified the acquisition plan. Who leaked it?

As Ivanta produced this document, it meant that IC Capital's shareholding in Sinclair Group increased from the previous 15.5% to 23.5%, plus the 7.75% acquired from three members of the Sinclair family. %!

Including the 14.5% stake held by DS Capital, the shareholding ratio opposed to the proposal has become 37.75%...

This is 0.5 percentage points higher than the 37.25% shareholding ratio controlled by the supporting party, namely John Smith and Vanguard Group.

This 0.5 percentage point alone determined the outcome of today's shareholders' meeting - that is, John Smith's proposal was rejected.

But things didn't end here.

Ivanta looked at John Smith coldly and said:

"I propose to convene another shareholders' meeting in a week to vote on the candidate for chairman."

"you!"

Ivanta ignored John Smith, but took a deep look at the representative of the Pilot Group, catching the panic in his eyes. Then she smiled at the representative of Fidelity Investments and said:

"I believe that Mr. John Smith is not qualified to perform his duties as chairman of Sinclair Group, so I will initiate a vote of no confidence in him at next week's shareholders' meeting and elect a new chairman. ”

According to the relevant company laws, every company holds at least one shareholders' meeting every year, but there is no limit on the number of times it can be held. If there are major matters that need to be voted on, it can be initiated by shareholders who hold a considerable proportion of the shares. held.

Just like Ivanta's vote of no confidence in the chairman, it naturally requires a vote by the shareholders.

Ignoring John Smith, who was sitting in his chair slumped after being angry, Ivanta nodded to everyone and walked out of the conference room.

Wang Wanting, who represents DS Holdings, also said goodbye and left after seconding the proposal - it seems that she will stay in the United States for another week.

But at least I can take this time to go to Lanai Island to meet His Highness the Duke...

…

Speaking of which, Barron's response this time was a bit lucky.

It was also during his last meeting with John Smith that he later noticed something subtle, so he asked the intelligence agency headed by Nigel Inkster to investigate the other party.

In the end, from John Smith's private contact with the Vanguard Group, he made some guesses and took precautions in advance.

As for the attempt of Vanguard to control the Sinclair Group, to be honest, from the perspective of the Vanguard Group, it may not be excessive.

After all, the business world is like a battlefield, and there must be corresponding strategies for the acquisition or control of a company.

It doesn't make sense to only allow you to acquire other companies, but not allow others to acquire the company you control.

But reason is reason, and many times it is not enough to just talk about reason.

The reason why Barron did not take the initiative to question the chairman of the Vanguard Group, McKenna III, about this matter during the whole process was that he did not want to alert the other party before the shareholders' meeting of the Sinclair Group.

More importantly, the other party's direct attack without even a word of greeting made him very angry - the so-called one punch is better than a hundred punches...

Barron also wanted others to see that such an offense to himself would have to pay a price.

But at the same time, Barron was also considering a question - he also handed this question to his think tank for research.

That is...

Why did the Navigator Group choose to attack the Sinclair Group at this time? Why did it use the Forum Media Group as bait?

Barron knew that in his previous life, the Sinclair Group did acquire the Forum Media Group under Fox, but that was six years later, after Murdoch had decided to sell 21st Century Fox to Disney. Because of the conflict with Disney's sports channel ESPN, it was decided to sell the Forum Media Group, which mainly focuses on local sports stations, to the Sinclair Group.

So why choose to facilitate the acquisition of the Forum Media Group by the Sinclair Group now - there is a lot of work to be done, at least the FCC (Federal Communications Commission) is not so easy to deal with.

Although the other party's plan has been successfully blocked, Barron still needs to figure out the reason behind it.