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"One of the things the teacher is doing is creating a holding space for that.
The two companies entered into their agreement with the expectation of creating a holding company as part of Levitz's reorganization.
After creating a holding company, Transamerica Corporation (1928), for his banking interests, he merged the Bank of Italy and the Bank of America of California in 1930, resulting in the Bank of America National Trust and Savings Association.
Founders and management who own more than 50percentt of Spanlink are creating a holding company that will tender the offer to buy the publicly held shares, starting no later than Wednesday.
Mr Page revealed that Google is creating a holding company called Alphabet to separate the "blue sky" start-up businesses – the driverless cars, the drones and so on – from the stalwarts of Google's web work – the search engine, the advertising arm, maps, YouTube and Android.
The company pulled off a sort of upside-down merger with itself, in effect creating a holding company called Alphabet that runs a mega-profitable company called Google on the one hand and a dozen other money-losers and long-odds bets that Google has called "moonshots" on the other.
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It's not good enough to create a holding space to preserve the archive.
To counter his intentions, the Hermès family, already protected by a limited partnership structure, has created a holding company to group more than 50 percent of its shares.
On December 5th the family said they would create a holding company into which they would put 51% of Hermès's shares.
The firms said they planned to create a holding company for the newly combined business, but did not provide specifics on the merger.
It created a holding company that it used to issue $300 million more in debt, which paid an additional $238 million dividend to the private equity firm.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com