But he will still maintain ties with Republic, which has agreed to become a minority investor in the new firm.
The Versaces have hired two banks to look for minority investors.
The shares will be used as a currency to buy out minority investors in eight regional subsidiaries and take full control.
It is unclear what would happen to minority investors in that event.
A large number of employees and managers at Spirit were minority investors.
Times have been anything but boring for minority investors in the production subsidiaries of the Russian oil majors.
Johnson planned to remain as a minority investor in Jordan's ownership group.
She was not listed among the minority investors in the November 1985 proposal.
The contents of shareholder agreements may provide important protection for minority investors.
The Endesa board's decision could help sway minority investors, who hold about 25 to 30 percent of the stock.