newco: difference between revisions

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{{rfc|lang=en}}
==English==
{{wikipedia|NewCo}}
 
===Etymology===
From {{compound|en|new|co}}.
 
===Noun===
{{en-noun}}
 
# {{contextlb|business|lang=en|business}} A new company, especially one spun-off from or replacing an existing company as a [[legal fiction]] to maintain ownership over an entity while separating it from the old company financially.
#* {{quote-book
|en
|year=1999
|passage=As described in the previous section, a leveraged buyout by a '''Newco''' that does not result in a change of control is treated as a recapitalization and EITF 88-16 prescribes the use of predecessor basis.
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|page=227
|isbn=0070580308}}
#* {{quote-book|en|title=Tax strategies for corporate acquisitions, dispositions, ...|volume=2|publisher=Practising Law Institute|year=2000|passage=This is not an unusual situation since some acquisition vehicles are "'''newcos'''" that have not conducted any business activities prior to the acquisition.}}
#* {{quote-book|en|title=Mergers and acquisitions yearbook|year=2003|passage=If buyer has no such plans then the purchaser will probably be a '''newco''', since in this structure the corporate veil will protect the buyer's assets from claims made against the target}}
#* {{quote-book|en|title=Venture Capital Funding: A Practical Guide to Raising Finance|page=160|author=Stephen Bloomfield|year=2008|passage=Sales of divisions of larger businesses usually require the creation of a '''newco'''.}}
#* {{quote-book|en|title=The Oxford Handbook of Inter-Organizational Relations|page=91|author=Steve Cropper|coauthors=Mark Ebers,; Chris Huxham|year=2008|passage=In this chapter we define collaborations between firms that involve the creation of a separate, autonomous, and legally recognized firm—a ''''newco''''—as a joint venture.}}
#* {{quote-book
|en
|year=2011
|passage=Another situation in which a '''Newco''' may be identified as the acquirer is illustrated in Example 10.8 below, where a parent uses a '''Newco''' to facilitate a public flotation of shares in a group of subsidiary companies.
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|page=580
|isbn=1119969441}}
#* {{quote-newsjournal
|en
|year=2012
|date=May 5, 2012
|author=
|title=Rangers likely to stay in SPL, says Michael Johnston
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|page=
|passage=Rangers manager Ally McCoist accepts there is likely to be opposition from fans of other clubs should the Ibrox side remain in the SPL as a '''newco'''.}}
# {{rfd-sense}} {{contextlb|businessen|lang=enlegal|finance}} {{non-gloss definition|A [[placeholder]] name for a business in textbooks.}}
#* {{quote-text|en|year=1982|author=Arthur M. Borden|title=Going Private|pages=3–4
|passage=A merger can be implemented between the issuer ("Oldco") and a new corporation ("'''Newco'''") owned by the proponents, as a result of which Oldco shares not owned by the proponents are converted to cash and '''Newco''' shares remain outstanding.}}
#* {{quote-text|en|year=2003|author=William T. Allen; Reinier H. Kraakman|title=Commentaries and Cases on the Law of Business Organization|page=439
|passage=In this structure, the acquirer (A) forms a wholly owned subsidiary (call it '''NewCo'''). A will transfer the merger consideration to '''NewCo''' in exchange for all of '''NewCo'''<nowiki>'</nowiki>s stock. Then Target will merge into '''NewCo''' (or '''NewCo''' will merge into Target).}}
#* {{quote-text|en|year=2008|author=Edward D. Hess; Charles D. Goetz|title=So, You Want to Start a Business?: 8 Steps to Take Before Making the Leap|page=62
|passage=For this example, we're going to assume that a new company (we will call it '''NewCo''') is going to build brick homes in the $250,000 price range.}}
#* {{quote-book
|en
|year=2012
|passage=Those who were more attached to '''NewCo''' discussed more positively their ability to charge OldCo for work, to take the 'commercial' view.
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===See also===
* [[{{l|en|shell]]}}
* [[{{l|en|clean shell]]}}
 
* [[acme]]
===Anagrams===
* {{anagrams|en|a=cenow|Cowen|cowen|wonce}}
 
[[Category:English {{cln|en|placeholder terms]]}}