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For added security, the buyer could create a subsidiary that would buy the firm that has the liabilities, he said.
The pair have teamed up to create a subsidiary, provisionally named Newco, which could eventually be spun off.
Of several models under discussion, the favoured one is to create a subsidiary without state guarantees, which would take over the bank's commercial business.
The British authorities pressed Landsbanki to create a subsidiary in London that would be supervised by British banking authorities, as its compatriot, Kaupthing, had done.
Because HouseRaising deals only with wealthy customers who own their own lots, one of his first initiatives was to create a subsidiary, HouseRaising Realty, to help those who do not have a place to build.
To head off political misgivings about the deal, Alcatel is selling its satellite business to Thales, a French defence group; to handle government research projects in the United States, the newly combined company will create a subsidiary overseen by a board of former American security officials.
Similar(49)
But in 1946, Steve Broidy, owner of Monogram, created a subsidiary, Allied Artists, to make better-quality movies.
Yellow created a subsidiary in 1995 to manage technology; it now has 325 employees.
Motorola also said it was creating a subsidiary, Thoughtbeam Inc., to develop the technology further.
Last year, Norfolk Southern created a subsidiary, Thoroughbred Technology and Telecommunications, or T-Cubed.
From 1966 to 1999, he was a senior officer at Rosenthal & Rosenthal, a private finance company, where he created a subsidiary devoted to art financing.
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