| 11. | All three companies are to be owned by a holding company.
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| 12. | Interpublic is a holding company for advertising and marketing services companies.
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| 13. | Metro Pacific Corp . became a holding company in November 1993.
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| 14. | The capital raised will be an asset of the holding company.
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| 15. | Mutual holding companies are the hot new thing in the industry.
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| 16. | The holding company had about 300 million francs in free cashflow.
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| 17. | Shares in the holding company might prove less desirable to investors.
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| 18. | He will be the executive vice president of the holding company.
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| 19. | Each of the 5 holding companies has a portfolio of EPEs.
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| 20. | And the holding company represents some interesting opportunities for shielding liability.
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