Newco
NewCo

Usually management will form a company, Newco, to make the acquisition.

We do not want these guys at a competitor or with Newco.

Should we use a process of elimination to work out who is in Newco?

Hopefully some certainty will happen with Newco in the near future.

There are various options available for providing Newco with funds.

A fee will be paid by Newco for each appointment.

In a handful of cases the new company may retain the name "Newco".

Or perhaps they were just happy to have a name, having toiled for four months as "Newco."

The time will come when the managers wish to realise their investment in Newco.

Enron will have no further obligation or commitment to the development of Newco's business.

Often there will be a conflict between what the vendor company and Newco want from the transaction.

Subject to approval all bodies (including Newco) to sign legal documentation.

What are they paying for their shares in Newco?

It will deal with the obligations of Newco and the management team to provide continuing financial information to shareholders.

The governance structure of the new company, Newco, will include:

It occured to me that Newco employees will want new business cards as well.

We have now given odds that enovate will move into Newco or be sold to a third party.

“The Newco situation has never arisen before and it isn’t yet on the agenda.

Bill Miller’s withdrawal illustrated the problems with a Newco structure.

There will be no need for a "hive-up" of the trade to Newco after completion.

Newco's solicitor should find out whether any government grant to the target business is repayable on a change of control.

Another matter to be considered in detail will be any continuing services that are required by Newco.

Subsequently, it will transfer to Newco some radio assets.

They will also regulate the way Newco will be operated after the investment.

If there is an assets sale to Newco, the vendor company will be liable to tax.

I am working on putting together a NewCo group list.

Agree to set up NewCo's system using our unique expertise and experience.

NewCo will be mutually owned, like the central fund.

NewCo will be located on the 30th floor.

During the concept phase, the subsidiary was known as "NewCo".

But if he is wrong, NewCo could go bust, taking the ring-fence with it.

The NewCo shares will remain outside this structure entirely.

A. Ownership of the following to be transferred to NewCo: 1.

Yet NewCo is a big gamble, notably on the American courts.

Attached is the proposed technology organization required to take us through the next two weeks as well into a NewCo startup operation.

Attached is a list of property which we identified in our meeting this morning which might be relevant to NewCo.

Therefore, the price at which NewCo acquires the customer base will be important to minimise any such liability.

For all the contracting and work it would take to set up a NewCo at that valuation for $5 million working capital, no.

NewCo will be innovative, agile and nimble.

NewCo now has an equally deep-pocketed partner."

One concern that Kevin raised is our ability to actually do a "services agreement" for the risk management and back offices aspect of NewCo.

What will be NewCo's culture?

We have changes for Denver business, Project Sally, NewCo, etc.

In order to prepare for NewCo coming back online, we are going to use this list as the starting point to identify the "primary launch customers".

The consideration for the transfer would be in the nature of debt owing to Domainz from NewCo.

Jim: Here is a draft copy of NewCo's trading, risk management & backoffice presentation.

My initial thought is that Enron does not need to continue in these cases, but the NewCo will want to understand what to join after formation.

NewCo is the temporary name of a new wholly owned CMA subsidiary.

Microsoft will pay NewCo an advance of $180m over three years for such purchases, plus $125m over five years to buy content and develop technology.

The agreement values NewCo at $1.7 billion, more than twice Barnes & Noble’s market capitalisation before it was announced.