Chapter 15 - Acquisition-1

Almost all the news sites exploded with the shocking revelation about the chairman of Sage Enterprise. Extramarital affairs were not uncommon these days... many businessmen kept mistresses, and it was considered an open secret. However, this scandal struck Sage Enterprise particularly hard because the affair was with another director's wife.

Soon, television stations and social media jumped into the fray. While TV stations exercised some restraint, social media took the news to another level. As soon as certain pre-set influencers posted their articles, the situation spiraled out of control. Their followers amplified the outrage, portraying the chairman as a predator and demanding justice.

Most individual shareholders believed that an internal power struggle was imminent and that the company's stock price would continue to plummet. Panic set in, and they rushed to offload their shares. Within a few minutes, Eleanor's team managed to acquire 18.5% of the market shares of Sage Enterprise at rock-bottom prices.

In the boardroom, after Eleanor left, Teresa remained, her eyes glued to the live updates on her phone. Those tasked with undermining Sage Enterprise continuously sent her updates. As she reviewed the reports, a satisfied smile graced her red lips, enhancing her already striking beauty.

The representatives of the eight companies shuddered. They had been aware that Teresa's boss wanted to acquire Sage Enterprise, but they hadn't realized the extent of her determination. Sage Enterprise had fiercely resisted the acquisition attempt, even rallying support from industry peers to block the unknown company from taking control. Seeing how swiftly the tables had turned, the representatives silently resolved to stay on Eleanor's good side.

Teresa, immersed in her phone, suddenly noticed the intense gazes directed at her. When she looked up, she found the representatives staring at her as if she were their long-lost lover. Feeling uneasy, she awkwardly cleared her throat.

"Thank you all for your cooperation. If there's nothing else, I'll take my leave," she said smoothly.

"Oh! There's one more thing. My boss has prepared a small token of appreciation for you all." She retrieved an envelope from her bag, and an assistant distributed the exquisite Hyatt Hotel gift cards inside.

Once everyone had received their cards, she added, "This is a candlelit dinner voucher for two at Hyatt, valid for one month. Use it at your convenience."

She paused before continuing, "You're also welcome to visit our office on Oxford Road. Don't worry, you won't miss Heimdall Tower. If you need any assistance, you have my number."

exited the room and

***

seen it in videos, this was her first time

of her assistants, Maya, a sharp-minded Indian woman, approached her

all reports have been compiled. The meeting with the core management team has been arranged on the nineteenth

nodded. "Good. I'll attend

preparations, and moments later, Lily, another assistant, entered with updates on Sage Enterprise. Having completed her Master of Liberal Arts in Finance from Harvard three years ago, Lily was a financial prodigy, and Eleanor had taken

to acquire 18.5% of Sage's shares before market closing.

We only need

slightly. "Even with 20.5%, we'll only secure a director's position. That won't serve our ultimate

worry. I have plans

moment, Teresa walked in and overheard the conversation. "What plan are you two cooking up?" she asked

carefully... he'll be livid. He holds 20% of Sage's shares. Offer to buy them from him at today's opening market price. Given everything that's happened, I doubt he'll want to remain in the same company as the man who betrayed him. Assure him that we won't announce his sale until we hold the majority. This will give him time to exact his revenge. And if he helps us secure

surprise.

series lined up. Also, reach out to the chairman's wife... she owns 10% of Sage's shares. If she sells to us at today's market price, we can provide evidence that her husband

why you only needed 2% more. You already had a

control of the company. They don't understand the potential of their latest software. Once we integrate it into our AI systems, its value will skyrocket. I refuse to let anyone

The Novel will be updated daily. Come back and continue reading tomorrow, everyone!

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