Breaking Up Is Better Than Divorce

Larry Pink

‘You must be excited by now.’

The corners of Eugene’s lips rose slightly.

“Isn’t 28.6 billion dollars too expensive? Is it higher than the market price of Daeyang Electronics?”

Yoosung said with a puzzled face.

“It was expensive. Well, if you want to give an excuse, you can force yourself to do it, though.”

Since that day, various analysis articles have been published in the media.

“They say that Daeyang Electronics’ acquisition of Freescale will make Daeyang Electronics a world-class semiconductor company second only to Jeil Electronics. To bring it to the top, Freescale is not a high-demand memory semiconductor.”

Yooseong, who was looking through the newspaper articles, said something a little absurd.

“Because it is difficult to bet on something that the Daeyang Group made up its mind to do. And I would have spent a lot of money on advertising.”

It is impossible to expect fairness from the Korean media.

In the case of the United States, the perfect form of capitalism, the media thoroughly distinguishes between editorial and reporting, and at least tries to maintain objectivity in reporting, but Korean media thoroughly represents only the position of the owners and advertisers.

“To do. Still, there are occasional critical articles. There is also a view that there is a concern about a huge leakage of national wealth due to excessive competition between fertility and the ocean… Should this be called criticism? To be honest, I gave it too expensive, right?”

“Because there is no point in fighting the Daeyang Group with such a thing. First of all, the acquisition of a US semiconductor company by a Korean company is considered to be an honor to the nation.

“There are rumors circulating that Dasan Electronics bid for less than $20 billion… Is it true?”

“Yeah, I don’t know either. But in the case of a closed bid competition, he deliberately wrote a very low price to criticize the winning side, but he said that to give the image that he did something stupid because he bought it at an exorbitant price. ”

“To do. I would do the same.”

However, that day, Eugene learned an unexpected fact through a phone call with Dasan Electronics Vice President Kim Su-ho.

– This acquisition has become so funny. 286 billion dollars. I don’t know if the distribution is big or not.

Vice President Kim Soo-ho’s voice didn’t seem so refreshing.

As expected, Daeyang Electronics acquired Freescale at an unbelievable price, but it seems to be more inconvenient than that.

– It’s even more unfortunate that it was taken away. This time, we were craving for grass, too, so we tried to run. I spent 24.3 billion won, but I hope Daeyang will spend it higher than that.

“You must be sorry.”

– okay. Isn’t there something that looks more covetous after it’s been taken away? haha.

“Still, it doesn’t seem like 28.6 billion won.”

– right. No matter how generous the premium was, it was too harsh. I was shocked when I first heard that it was $28.6 billion. I wondered if these kids were crazy.

“It seemed like he was going to make a profit out of it.”

Eugene said that he had transferred his stake in the Carlyle Group to DL Capital.

– Hmm… But isn’t there evidence that DL Capital is managing Daeyang Group’s slush funds?

“Of course it is. But the only people who knew that I had the right to buy a stake in the Carlyle Group were me, the Vice President, and one other person. Other than that, it’s just a possibility that the Carlyle group leaked it, and they’re thorough about that. It’s ingrained in my body that I have to be careful with my mouth in order not to be disheartened by a lawsuit.”

– You mean the other one is connected to the ocean?

“Perhaps it is highly likely.”

– You mean $1.36 billion spent an extra $10 billion? under! That’s the opposite answer too.

Kim Soo-ho seemed to be well aware of the head of the Daeyang Group.

– By the way, 400 million dollars is a big part of this time. haha.

“Yes. Thanks to that, we made a lot of money.”

Thanks to Dasan’s intervention, Freescale’s acquisition price has risen, so it can’t be said that it’s not Dasan’s fault.

– Then, let’s just do it with this for the couple.

As much as we knew from the beginning, Dasan didn’t seem to be dissatisfied with Eugene’s $400 million in shares in the Carlyle Group.

Rather, it seems that he is much more concerned about what the future holds for Daeyang, which has Freescale in his hands.

“I bought it at a price that was too high, so I’m sure I’ll be in trouble.”

– That’s how we understand it. However, if it is the power of the Daeyang Group, it will be able to digest it even if it takes time. We are struggling to come up with a solution on our side right now. On behalf of Freescale, we have to find a place to receive semiconductors stably.

“Are you considering acquiring another company?”

– That’s one way. Anyway, please stop by when you come to Seoul.

Kim Soo-ho seemed to have no intention of continuing the call, perhaps because he was upset.

“All right. See you soon.”

Eugene did that too and hung up the phone.

It didn’t seem like it meant anything to comfort me anyway.

However, it cannot tell us that Daeyang’s acquisition of Freescale will be catastrophic.

Let’s just tell them to rot in their stomachs until April when things happen.

And a few days later I got good news from William.

“I broke fifty dollars. We are currently negotiating the exercise of rights with each investment bank.”

“Will there be any problems with the exercise of the rights?”

Hedging insurance, which was introduced a few months ago, is now ready to shine.

“Sure. The amount is large, so we need to adjust how many days it will take to pay.”

William said in a voice that couldn’t contain his excitement.

Even William, who has dealt with a variety of investment products at BlackRock, doesn’t seem composure for a $2.35 billion one-shot deal.

I was able to receive the hedging insurance money without any problem thanks to putting a giant called BlackRock in the middle.

Although it is actually insurance, it was a gamble between the investment bank and Eugene over the price of oil, and in the end, Eugene won.

“Now, I’m slowly clearing it up. I am no longer confident.”

Eugene knows that the price of oil will go down by a few more dollars in the future.

But the bottom is undoubtedly close.

You don’t have to take the risk to eat those few dollars more.

“Then we will start liquidation little by little. Would the option do the same?”

“It is. Let’s liquidate everything.”

“All right.”

The dealers did not disturb the flow of the market and calmly arranged Eugene’s position.

That weekend, Eugene was able to receive the results of the race that had been running for five months.

“It’s 345.472 million dollars in gifts alone…….”

Yoosung was calm even when he saw the results of the report. I didn’t know the exact amount, but I knew how much it was.

“To be honest, I still don’t understand. No, I get it, but I don’t get it. Oil has halved, how can $100 million turn into $3.4 billion? Real leverage is scary.”

“Because it’s that dangerous. If you increase the number of contracts while maintaining one position, even a slight rebound could blow your money away at once.”

This is a method that a normal investor should never touch.

However, Eugene, who knew the future, was able to make such a risky speculation.

“And $1.371.52 million in options. Hedging insurance here is $2.35 billion. A total of $7.076.24 million…? I think it’s crazy. But do you mean that $100 million invested in stocks and funds is a 4.3% return?”

“You seem to have chosen the stock quite well. A 4.3% profit in half a year is quite impressive. William Yoon seems to have an eye.”

The $100 million put in safe assets became $144.3 million.

“No matter how you say it, it’s new blood compared to what your older brother did.”

There is also $450 million received from DL Capital.

With that, a total of $7.63 billion was obtained.

“It will exceed 8 trillion won in Korean money, and I will buy the real Daeyang Heavy Industries.”

“I have no intention of buying the ocean with that money.”

“Of course. That’s what it means.”

On the weekend of that week, the party was bigger than usual.

He prepared the best possible dinner by ordering from the restaurant at the Palace Hotel, and invited Eugene’s personal connections.

However, a much greater person came to Eugene than he had expected.

“Mr. Eugene, I have a wonderful guest today.”

William, who appeared a little later than usual, was accompanied by a middle-aged man with slightly bald hair.

“this. You are here with a real VIP. nice to meet you Thank you so much for visiting my humble home. Mr. Pink.”

Eugene greeted the new guest with a wide smile.

“Nice to meet you. We always work in the same building, but now we can see each other.”

BlackRock’s president, Lawrence Douglas Pink, reached out to shake hands.

“I didn’t expect to see Mr. Lawrence Pink in person. It is an honor.”

“Call me Larry. Can I call you Eugene too?”

President Larry said friendly.

“Sure. Larry.”

“In the meantime, I also wanted to meet Eugene once. As a representative of BlackRock, I have to say hello to high-quality customers like Eugene.”

That being said, it’s no wonder that Larry Pink stopped by.

As individuals, there are not many people in the United States who are attracting a huge sum of $7 billion.

Moreover, there is no guarantee that it will continue to be entrusted to BlackRock even after this transaction is over, so it would be strange if you didn’t care.

You must be well aware that Eugene enjoys meeting with Wall Street people, so there was no reason why even the president of BlackRock couldn’t provide a service that sheds light on his face for a while.

“okay. Aren’t the fees I pay too high?”

“Right. Eugene is our BlackRock VIP. Actually, I’m going to promote William here from VP (Vice President) to Director starting this year. It’s all thanks to Eugene, so I came here to tell Eugene directly.”

Larry said, wrapping William’s shoulder friendly.

“Congratulations, William. Now you are an executive.”

Vice President is a middle management position with a few executives. A director is equivalent to an executive level in charge of a department or a branch of a country.

“thank you. As President Larry said, it is thanks to Mr. Eugene. We wish you all the best in the future.”

When it comes to money that Eugene is running, it is comparable to the money rolled by the branch in Korea or Taiwan rather than in regional base countries such as Japan or Hong Kong.

So, to say that William’s promotion was thanks to Eugene is not just a greeting.

“I wish you all the best in the future.”

Eugene also wrapped William’s shoulders with Larry.

“Oh yeah! I heard that Eugene likes to take pictures? Shall we take a commemorative photo together?”

The service for customers who have entrusted large sums of money is good. You’ve probably heard of William.

Yooseong, who was watching the actions of the three, quickly took a picture of the three of them shoulder-to-shoulder with the camera.

“This investment has been great. It started with $100 million, and in five months, $7.07 billion. It will remain one of Wall Street legends.”

“I was lucky that I rushed recklessly, and I blew one shot.”

“Where in the financial world are there one or two people in the financial world who risk everything they have and rush into recklessly? But there are only a handful of such people in 200 years of Wall Street history who have produced astonishing results like Eugene.”

“It’s so good that you compliment me so much.”

It was a compliment, but the person who said it was Larry Pink, a real Wall Street legend, so even Eugene couldn’t be offended.

While the two of them had a friendly conversation, Yooseong took several pictures, and each time Larry Pink wrapped her arms around Eugene’s shoulder or looked into the lens and smiled brightly, actively modeling.

“I want to be a good partner for Eugene’s investment at BlackRock in the future.”

“Sure. Where else could there be a place like Black Rock to put a lot of money in peace of mind?”

Fortunately, Larry and Eugene’s interests coincided.

“Can I take a picture too?”

At that time, a woman with a refined appearance spoke to Eugene.

“Gabriel? When did you come?”

It was the woman who occasionally appeared at Eugene’s social party.

As a reporter for a fairly influential business magazine called Wall Street Focus, it was convenient for them as much as possible.

“I’m fine, I don’t know if Larry will allow it.”

“Of course it’s fine.”

Larry Pink, well aware that Eugene doesn’t mind being exposed to the media, gave her permission.

Gabriel immediately pulled out a digital camera from her handbag and snapped a few intimate photos of Eugene and Larry Pink.

“I heard some great news today. You said Eugene hit a huge jackpot?”

After the photo was taken, Gabriel sneakily sat across from Larry and Eugene.

“Yes. I think I did one thing.”

Eugene responded with a broad smile.

“I heard it’s over five billion dollars? Profits from this oil drop.”

“A little over $7 billion to be exact.”

Eugene did not hide the amount of money he had earned.

Actually, this is normal here.

Inflate their achievements as much as possible to boast and gain fame.

Fame was the structure that brought people back, and people again ensured new success.