Telenor and Alfa Group's telecoms arm, Altimo, will have stakes of about 38% each in the merged entity.
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Each entity in the system, he finds, has its own political master, most with egos that have to be stroked.
In that regard, utility deals need approval from the public service commissions of each jurisdiction in which the combined entity is to do business, as well as the Securities and Exchange Commission, the Federal Energy Regulatory Commission and the Federal Trade Commission.
In addition, each Voting Cayman Entity has entered into an administration agreement with AIML pursuant to which AIML is authorized to vote the voting stock of CHCL held by such Voting Cayman Entity.
Robin MacNeil and Jim Lehrer each own an equity stake in the entity that produces the MacNeil-Lehrer hour.
Although one company - ITV plc - now owns all the regional stations based in England and Wales, some aspects of the regulatory system date back to the days when each station in the network was a distinct entity.
And all the teams in the league are owned by one entity, which makes fixing outcomes easier than if each team were an independently owned franchise, as in most American sports leagues.
The current push for a unique global identifier for each legal entity was sparked by the financial crisis in 2008 when firms and regulators had a hard time tracing the transactions among key players such as Lehman, Bear Stearns, AIG and the portfolios of mortgage-backed securities.
In any regulatory challenge or crisis, businesses have to make separate assessments of each public entity with which they must deal.
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In a release posted today (and embedded after the break), the entity has stated that each partner company will take on some of the business, but around 1, 600 jobs will be lost from the sectors that neither has interest in.
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