Why didn’t the merger agreement simply involve 50% cash and 50% Broadcom stock instead of allowing people to choose? This way, there would be no election, no block of selling. Just execute the conversion when the merger happens, and people can sell and buy before the merge.
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"people who didn't get offers from BC also didn't get this stock selection option."
Literally every stockholder got the option.
people who didn't get offers from BC also didn't get this stock selection option.
If there is a way to F you with financial engineering, be sure Dell and SilverLake will do it. That is their way. Any consequences, like volunteering to pay. 1B fine for being bad boys, is totally fine, since the crime itself paid off multiple billions. (Look it up)
At least I can take comfort in that one day, day will die too. Waiting for the headlines.
That’s why Michael Dell is a billionaire. Perhaps it was his idea. If the majority of stocks are not blocked, VMware stock may go below $100 now.
Everyone got 52/48 stock/cash.
I got a rock
"So the Michael Dell and SilverLake could opt for 100% stock, get it and pay no taxes while everyone else gets a worse deal. This is their world, we just are subjugated in it. "
Yeah, but that's not what happened. Everyone got 52/48 stock/cash. Why not just make every share 50/50 then this whole election bullsh-t could have been avoided. No election, no lockup, no missing RSU vests... Even if AVGO had gone down, rather than up, during the last 18 months, then everyone would have picked "cash" and the outcome would have been the same.
“The Chinese woke up to the fact that they are a communist country. Now they're screwing one billionaire at a time. It's HT and MD and Blackrock turn.”
I know 15,000 of us commoners are getting sh-t pumped, but will someone please think of the billionaires?!?!?
So the Michael Dell and SilverLake could opt for 100% stock, get it and pay no taxes while everyone else gets a worse deal. This is their world, we just are subjugated in it.
The simple answer is they have a vested interest in controlling your options.
Remember, the AVGO business is all about maximizing profit, You have been duped.
Because they are id--ts. It could have been simple but they made it complicated.
So that you could have 20/20 hindsight
Ray Dalio was at the table. He founded Bridewater associates the biggest hedge fund in the world. Now he's kicked out of his hedge fund. They are bleeding money. These guys pumped money into China for decades. Now they are getting creamed. They are losing everything. Thanks to the new policies. Blackstone stopped redemptions in their hedge funds. Investment climate has deteriorated with two hot wars going on. Another one will start soon.
Google for 'common prosperity'. The Chinese woke up to the fact that they are a communist country. Now they're screwing one billionaire at a time. It's HT and MD and Blackrock turn. Unfortunately geopolitics has become the most important factor now.
Just to get you to make this post 18 months later and it worked!
Simple answer is that they are stupid.
So they could pay a lower price for the people who didn’t file an election form.