Chapter 435: Chapter 434 We Are Friends
In the acquisition of OMX Group, they mainly need to deal with three aspects.
The first is to convince the board of directors and management of OMX Group to accept the acquisition proposal of London Stock Exchange.
Second, it is to compete with the German Stock Exchange, Nasdaq Group and other potential rivals.
In fact, the first two items are a comprehensive issue. After all, since the OMX Group is willing to continue the talks, it means that they have the idea of selling, otherwise they would not even give the London Stock Exchange the opportunity to negotiate.
In this case, the London Stock Exchange only needs to offer a suitable price - as competitors, the German Stock Exchange and Nasdaq Group will not raise prices indefinitely, they also need to participate in the competition within the limits allowed by the board of directors.
Just like when the German Stock Exchange initially tried to acquire the London Stock Exchange, it failed because their own board of directors did not support the final bid.
The last and most important issue is whether the relevant review agencies in the UK and the EU will approve the acquisition by the London Stock Exchange.
This is itself an expansion of the London Stock Exchange's securities market business in Northern Europe and the Baltic. The relevant institutions in the UK will certainly not block it.
The main thing is to obtain EU approval.
In this antitrust review, the stock trading industry, such as that engaged in by OMX Group and London Stock Exchange, is different from other products.
Therefore, one of the things that the London Stock Exchange emphasized to the relevant EU agencies was that the acquisition of the OMX Group would not affect the technical services it provided to other exchanges.
Another is that after the merger, their market share in Europe does not occupy a monopoly position. Even in Northern Europe, there are other exchanges. Moreover, a large proportion of local companies are listed on exchanges in Germany, France and even the United States.
After all, Britain is also a member of the European Union at this time. The level of scrutiny it faces within the EU is much more relaxed than the scrutiny faced by countries outside the EU when acquiring EU companies.
…
October 18th is Barron's 26th birthday.
This was also his first birthday after marriage. The difference from the previous ones was that because Bonnie was pregnant, he did not celebrate her birthday in a big way. Instead, he spent it in a low-key manner at home with Bonnie.
As October approaches, the weather in London is getting colder.
Originally, Barron suggested going to a place with a better climate, such as the Mediterranean coast or California, so that they could get out more and walk around more, which would help Bonnie to take care of her pregnancy.
Even in Hong Kong, the climate there is very good. Bonnie also lived in Hong Kong for a few months when she was a child - her father worked in Hong Kong for a few years before returning to England.
However, because she was worried about Stuart Media, she chose to stay in London.
It is worth mentioning that the first episode of their new show "Britain's Got Talent" has been aired on ITV and the response has been very good.
Barron has also watched it. Although he did not watch the first episode of Britain's Got Talent in his previous life, he watched the show in a later season intermittently. He also watched China and America's Got Talent.
His evaluation was that although the broadcast of "Britain's Got Talent" this time was not the most exciting among them, as a new and newly launched variety show, the effect was still satisfactory.
Bonnie's plan is that after the first season of "Britain's Got Talent" is completed, there will not be much work in the company this year, so she can leave London with peace of mind.
After his birthday, Barron met John Smith, Jenny Booth's husband and the youngest son of the founder of the Sinclair family, who came to London.
"I need your help, Barron."
John Smith looked at Barron and said to him:
"Of course, this is also in your interest."
"Please go ahead, John, we can be frank."
Although he had not paid much attention to the Sinclair family, Barron had heard about their recent affairs:
"Also, I'm very sad about your father's situation. I hope he gets better soon."
"Thank you, that's also relevant to what I said."
John Smith paused and said,
"You now own more than 10% of our Sinclair Group's shares, right?"
"Yes, to be exact, it is a 12.5% stake."
Initially, SEM Group had a strategic partnership with Sinclair Group. By investing in SEM Group, Sinclair Group acquired 10% of its shares - this investment also brought them huge profits.
At the same time, DS Capital also acquired 9% of the newly issued shares of Sinclair Group by investing in it.
After that, DS Capital continued to purchase some Sinclair Group shares in the secondary market, and its current shareholding ratio is around 12.5%.
Although the future market value growth of Sinclair Group will certainly be far less than that of SEM Group, as the second largest television broadcasting company in the United States, owning a certain proportion of shares in Sinclair Group is still very useful to Barron in many ways.
Just like in the process of United Energy Group's acquisition of Unocal, Sinclair Group's public opinion reports also played a role in their acquisition.
"So you currently have a seat on the Sinclair Group's board of directors, right? Represented by Mr. Amber Sheehan."
"Yes, John, it looks like you're in trouble, so you might as well just say it, we're friends."
Barron spread his hands and spoke directly.
"We need your support to remove David from all positions..."
Hearing John Smith's words, Barron's eyes narrowed slightly:
"You mean..."
"Yes, we are ready to resist him, my brother!"
The David that John Smith was talking about is David Smith, the eldest son of the Sinclair family and also the CEO of Sinclair Group.
"This is not an easy task, John. Although I don't know what happened, David has been the CEO for more than ten years. I'm afraid he is not that easy to deal with..."
Barron sighed and said:
"And if there is no more convincing reason, even if I support you, I will not have the upper hand. By the way, who do you mean by 'we'?"
"Since I brought up this matter, Barron, it is not without purpose. I have already gained the support of some family members. In addition, some board members have also stood on my side..."
John Smith's expression was quite calm. He said to Barron sincerely:
"I just want to stop David's radical approach in order to save the Sinclair Group."