[QUOTE=mersey70;35189148]
Quote:
Originally Posted by Gunslinger
That is indeed correct, it's a term I see used often in work.
However in this case I understand that the new listed company name actually will be called 'NewCo'
Perhaps it is a nod to News Corporation.
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It's an evil Murdoch scheme to get businesses to accidentally transfer their assets to NewCo instead of newco!