But by 1995, with
a new public company, Trump should have been solidly solvent, and therefore responsible for taxes on any debt forgiveness.
If the deal were approved by CEA's shareholders, mostly hedge funds and institutional investors, Cline and eTrials» other original shareholders would receive a 56 percent stake in
a new public company valued at approximately $ 76 million.
In an IPO, Trump, all of Trump's children and anyone else with an equity interest would have gotten their proportionate share of
the new public company.
After closing, each brand will continue to be managed independently and maintain its respective headquarters, while benefitting from global scale and sharing best practices that will come with common ownership by
the new public company,» says Sutton.
* Brookfield Homes Corporation merged with Brookfield Properties» residential operations (Carma Developers) in March 2011 to form
the new public company Brookfield Residential Properties Inc..