21. The Hughes shareholders would own more than half of the company, making the sale tax-free for them, but would have no control, the executives said. 22. Then, in July, the subsidiary issued new shares, further reducing the stake owned by shareholders. 23. Those shareholders own a majority stake in the company. 24. USEC occupies a unique niche in nuclear power, as a former federal agency owned by shareholders. 25. Yet the Hughes shareholders would own more than half of the company, making the sale tax-free for them, the executives said. 26. In a statement, the shareholder owned company said the pact should be ready to sign by Thursday. 27. It was taking control of Bayindirbank, EGS Bank and Kentbank for transferring resources to firms owned by shareholders. 28. Once the split is completed, shareholders will own stock in both companies. 29. Several big U.S. insurance companies have gone public recently or plan to, transforming themselves from mutual companies owned by policyholders to stock companies owned by shareholders. 30. United Technologies would hold a majority of board seats, while Honeywell shareholders would own a majority of the company, the Journal reported. |