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The deal will probably contribute $100 million to $200 million to Viacom, in large part from tax benefits and the buyer's assumption of liabilities like write-downs on holiday sales, James Dix, an analyst at Wedbush Securities, said.
MICHAEL J. de la MERCED TERRESTAR BID Dish Network, the satellite television company controlled by Charles W. Ergen, left, has bid $1.375 billion in cash and the assumption of liabilities for TerreStar Networks, according to a bankruptcy filing.
Overextended and pursued by a long line of creditors, the company bearing the family name, Dunmore Homes, was sold to a New York corporation owned by a Sacramento-area mortgage broker for $500, including the assumption of liabilities totaling more than $250 million.
But the analyst estimates that the Delphi debacle will ultimately cost the automaker $1.2 billion, along with the assumption of liabilities.
But this standard must include explicit assumption of liabilities, including prefunding of these liabilities.
UPDATE 8.3.10: Yesterday The Washington Post Company sold Newsweek to Sidney Harman for $1 (plus the assumption of liabilities for the magazine).
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Guaranty and suretyship, in law, assumption of liability for the obligations of another.
The article was more "an assumption of liability to pay damages than an admission of war guilt" and compared it with "a man who undertakes to pay all the cost of a motor accident than to the plea of guilty entered by an accused criminal".
It indicates the assumption of liability.
The Citizens Utilities Company said yesterday that it would sell its Louisiana Gas operations to the Atmos Energy Corporation for $375 million plus the assumption of certain liabilities.
Benjamin Weiser (NYT) SHOE RETAILER SOLD Joan and David Helpern Inc., a family-owned shoe retailer whose Joan & David stores are found in many upscale shopping malls, has been sold for $16.8 million and the assumption of certain liabilities, the company's financial advisers said yesterday.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com