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Looks that opposite three old man saw after memorandum data, simultaneously is pressed the brow, Eric explains unhurriedly: „Firefly insisted as before most can only sell 25% Firefly stocks, but, because the registration of ABC and Firefly is Delaware. ▲∴▲∴, according to «Ordinary Law of corporation» of Delaware, so long as the parent company obtains the subsidiary company over 90% stocks, then parent company Board of Directors can propose carries on the privatization unilaterally to the surplus circulation stocks, the privatization form was decided by the parent company that does not need to seek information subsidiary company Board of Directors and investor's suggestion again. Therefore, if the ABC aspect can coordinate Firefly to phrase 90% stocks ahead of time, we can carries on the cash purchase to other 10% stocks, the surplus shareholders do not need to participate in this 25% stockholder's rights replacement, the stockholder's rights and no less than the plan that Berkshire Hathaway and company of Mr. Murphy therefore obtains Mr. Buffett proposed.”
The United States tax affairs are divided into the federal taxes and state tax two types, but the state tax percentage differences in various states are very big, because of the Delaware special tax-free policy, United States many companies will choose in Delaware registers.
As a well-known attorney, Charlie Munger saw some issues: „But, Eric, you have not thought that this is the plan very likely causes the investigation of SEC as before.”
The plan that although Eric gives is not illegal, but somewhat approaches as before, as global maturest bond market, to let the stock market can healthily develop, United States is much stronger regarding the protection ratio major stockholder of young investor benefit, the plan that Eric gives at this time has to make the ordinary investor lose the independent option the suspicion, once this plan causes the disaffection of young shareholder to file the lawsuit, Firefly will fall into during the dispute as before.
Eric has not shunted with the Charlie Munger vision, said: „I have consulted the attorney in company, this is not illegal, similarly, the benefit of ordinary investor will not be harmed, Firefly can be higher than the stock price 50% prices to purchase the stocks in their hand as before.”
They talked, in the Buffett mind actually reappeared for four years ago situation of Salomon Brothers Inc. dejected decline. Whenever thinks that this matter, in the Buffett heart will have fear. Destroys Salomon Brothers not pure is that has the false bid case, but is the long-term lawsuit as well as the credit crunch that the false bid case brings, before the Salomon Brothers event. Buffett in the middle of nearly 60 years of life, will present the number of times in court is few, moreover as the number of times of defendant is one time not, always gets sucked into the investor of conflict to other, this can be a record simply.
But now. Although Buffett is very clear, accepts plan that Eric gives, will cause the maximum benefit of Berkshire Hathaway, but both will actually come the unnecessary legal risk for transaction both sides, this risk broke the bottom line that Buffett has been able to withstand: „Eric, I do not approve your plan.”
Eric is somewhat accidental, but to Buffett very familiar Charlie Munger and Tom Murphy does not have the strange look, they are very clear, in the Buffett bone is actually a some excessively discrete person.
After the Buffett voice falls, in the conference room fell into silent.
However. Other people had also realized Buffett final these words the implication, Buffett did not agree the plan that Eric gives, actually does not mean he has rejected this transaction, therefore, the people waited for him to continue.
Although Buffett in the surface as before is maintaining tranquil, but in the heart actually intertwines extremely, even if the several years ago Salomon Brothers difficult positions, has not made him so in a dilemma.
If there is ABC absolute control power, although in the heart to cooperates with Firefly very excited, but he already had possibly rejected this transaction. Because he is not one person who is good at bargaining back and forth. When felt when a matter has broken away from the control, for Buffett was not continued to waste the energy by oneself, usually will stop this matter decisively, when invests to the company also similarly so. Regarding the unstabilized company, Buffett will usually not pester, but sells to switch hands the stock.
At present the ABC aspect has broken away from his control, even linked him to lose the function in the influence that Investment dozens years accumulated, because rising of Firefly appeared the legend compared with his increasing the family fortunes history. Besides he as well as own old friend still in insisting, ABC many major stockholders have reversed to the side of Firefly.
Buffett is very clear. If there is not come to an arrangement tonight, under supporting secretly of Firefly, sides with Firefly Pictures that group of ABC shareholders through initiating the form of temporary shareholders'meeting facilitates this transaction.
Once trades in other shareholder hands will facilitate, then like just Eric proposed that abandons the plans of 10% young investors, they can draw up other to plunder Berkshire Hathaway and Tom Murphy the plan of benefit similarly, even if finally the economic interest has been safeguarded, they will thoroughly also lose to ABC as well as the future merge the influence of later company.
Once trades is defeated finally, then the consequence is hard to expect. The United States reception crowd scale is fixed, reason that ABC the can attain the North America first television market share in recent years, besides itself steady operation condition, what is main is because another two big competitor NBC and CBS are in a sluggish state. Regardless of Firefly will take over NBC and CBS any in the future, then relies on the Firefly strong content production superiority, it will pose the huge threat to the ABC status. General Electric has the NBC absolute holding power, but the management makes this company with other shareholders' support as before turbulently cannot withstand, if the ABC achievement therefore starts to decline, definitely will do a bigger incident to their discontented these shareholders, then affects the operation of TV Network, has a vicious circle.
In conference room entire silent five minutes, everybody was waiting for that patiently Buffett makes the final resolution.
Finally, after a sigh, Buffett in a soft voice said: „In the future I likely am today's decision regret.”
These words resound in the conference room, people realized that Buffett has made the resolution.
Eric is having the self-confident smile, said: „Warren, I promised you, you absolutely not for today's decision regret.”
Buffett has not made too many responses to the Eric words, but, since the heart had a resolution, Buffett also no longer continues more puzzled the details, complied with the Firefly 25% stockholder's rights as well as 10 billion USD cashes transaction plans simply transparent.
After drinks simply one cup of champagne expressed the celebration, Buffett one line of three people have rejected the invitation of Eric, rode in a carriage to leave Susnet Tower Hotel.
In underground parking garage. Gazes after the Buffett three people of private cars to leave, Eric turns around to say with a smile to Katzenberg: „Jeffrey, the following reporter will be managed by you.”
Katzenberg knows that has completed to the purchase of ABC, his enterprise on again a very big stair. Therefore the expression said excitedly: „Is Eric, the present holds a high-level meeting to make to prepare?”
Eric has knocked the watch: „You must forgive others' feeling, was in the weekend, let alone now is 8 : 30 pm.”
„Good, then on tomorrow.” Katzenberg as if completely had not realized that tomorrow is on Sunday, but Eric has not prevented again, good, these management will not scold itself in any case.
Katzenberg hastily left to deal with these waiting for a long time reporters, Eric and Jeffrey three people chats was returning to the party scene.
Eric made the person deliver the champagne to arrive at the matter of conference room to spread over entire party, the guests had guessed correctly the result of matter, saw Eric to appear, the people crowded around to extend the congratulation.
Although final negotiation time is not long, mood of Eric in entire process closely has actually been stretching, Buffett does not hope that this transaction is defeated. Eric also similarly so, the much work that otherwise the Firefly earlier period does completely came to naught, all also want the gravity head to start.
At this time suddenly relaxes, exhausted feeling also followingly, simply treated with courtesy with the people, Eric sat on the sofa in hall corner.
Looks that Penélope is bringing Kate Beckinsale and Charlize Theron two girls passes through from own side intentionally, Eric smiled to pat sofa, Penélope walked without hesitation, sat down side Eric grinningly, saw that sat has not moved the position meaning in the couches slightly Eric. The surplus two females have looked at each other one, eventually Charlize on own initiative walked to go forward, sits near the left hand of Eric, Kate then sat by Charlize.
Penélope has not actually paid attention to these small details. By Eric, somewhat excitedly said slightly: „Eric, today I and Kate tried on the formal clothes together, was very attractive, do you want to take a look ahead of time?”
Eric somewhat is perplexed, asks: „Oscar formal clothes?”
Penélope nods: „I shoots before United States «Belle Époque» obtained the best foreign language film nomination. I have attained a Oscar invitation.”
Eric then understood, the propaganda of 《Charlie's Angels》 started, this should be that side Metro Goldwyn Mayer to propagandize 《Charlie's Angels》 for the work that does, since Penélope, because «Belle Époque» will attend Oscar, that Kate definitely by that Shakespeare comedy «Much Ado About Nothing», in the Eric memory on original space and time in Oscar of this movie has achieved nothing, it seems like that side Metro Goldwyn Mayer has done a lot of work for 《Charlie's Angels》. However, at this time Metro Goldwyn Mayer two helmsman one once were Paramount management one once is the Warner Film Industry movie-making heads, by the personal connection of their many years of accumulation, wish was «Much Ado About Nothing» operates an immaterial nomination, then made Kate appear at the Oscar presentation ceremony justifiablily is also not the difficult matter.
Thinks of these, Eric somewhat curiously turns head to ask that Kate said: „What «Much Ado About Nothing» did attain to nominate?”
„The best clothing and best dubbing in music,” Kate somewhat embarrassed said that although just arrived at Hollywood not long, but she also knows that this time attended Oscar to rub completely.
When Eric remembers participates in the Golden Globe Award situation in January, said with a smile: „These two nominations actually just right, if did not have any heavyweight award item solely to take a best picture nomination like Golden Globe Award, that was worthy of the reputation.”
Listens to three people to discuss Oscar, in the Charlize eye flashes through wipes to lose.
Although moved from three people about renting apartment, Penélope according to the request of Eric
As before is maintaining with two females very good relations, although Charlize carried one glass of red wines to conceal own expression quickly, Penélope noted the expression change of Charlize, therefore said to Eric: „Eric, or you help Charlie also make a Oscar invitation, I think that this to you are the easy matter.”
Eric looked in an expression to have the anticipation actually to maintain obviously acting with constraint Charlize, said: „Does not need, when your three can attend the presentation ceremony next year together, perhaps can also simultaneously hold the post of the presenting guest of honor.”
Heard the Eric rejection, Penélope again has not said anything, Charlize actually obviously somewhat disappointedly slightly dangling head.
The Kate nimble and resourceful look transferred between Eric and Charlize, the brow tip the trace has selected under. She thought that Eric this absolute is intentionally.
Eric actually just notes the subtle change in Kate expression, actually did not mind that she sees anything to come, on the face has a smiling face as before, suddenly asked that Kate said: „Did you also smoke recently?”
Kate has gawked, immediately shakes the head: „Does not have, no.”
„Un......” Eric is dragging the sound: „It seems like had.”
Kate also realized own afraid performance was too obvious, said hastily: „You must buckle the salary to buckle my good.”
Eric smiles was saying: „Actually you can also take out money to compensate their two in secret.”
Kate is staring at Eric that light smiling face, realizes the Eric not earnest meaning, therefore follows the Eric language gas channel: „Good, you punish, I compensate their two in secret.”
Eric shrugged slightly, relaxes by carries on the back in the sofa, has drunk red wine in Little Kou Cup, waved saying: „You play, I rest a while.”
Perhaps is the mood relaxes, Kate hears Eric these words, said: „The expression that you spoke looked like old man.”
„Oh,” Eric nods, said: „Penny and Charlie you play, Kate accompanies my this old man a while again.”
„Charlie, we dance,” Penélope sets out to pull Charlize, walks toward the dance floor grinningly.
Eric looks to sit in home position Kate, has patted just the Charlize position, said: „Comes.”
Kate moved moving toward the reversed direction, said: „I, I crack a joke, but here public area Oh, you cannot act unreasonably.”
„Since this, you also fear anything, comes!”
The Kate manner is quite firm: „I do not pass!”( To be continued.)
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