Holly shareholders will end up with 51% of the newco.

FORBES: Holly-Frontier Refining Merger: It Sure Took Long Enough

The company continues to be actively engaged in the formation of Newco and is in the process of implementing the work necessary to complete the separation and close the Microsoft transaction.

ENGADGET: Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up

On April 30th, the company announced that it has formed a strategic partnership with Microsoft to form a new subsidiary, Newco, which is comprised of the company's NOOK digital and College businesses.

ENGADGET: Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up

It finally went into liquidation in October, the business and assets having already been sold to Sevco Scotland Limited, which subsequently became The Rangers Football Club Limited (known as newco), in June.

BBC: Q&A: SPL EBT commission explained

The newco's application to inherit the oldco's membership of the Scottish Premier League was rejected by the other 11 clubs and instead it was voted into the Scottish Football League's Third Division.

BBC: Q&A: SPL EBT commission explained

In the quarter we also announced a historic new partnership with Microsoft that will include a significant investment in Newco, and that will capitalize the company to fuel continued growth in digital and international expansion.

ENGADGET: Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up