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Spin-Off
(redirected from Spin offs)

   Also found in: Financial, Wikipedia 0.04 sec.

The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders.

When a spin-off occurs, the shareholders of the parent corporation are not required to surrender any of their parent corporation stock in exchange for the subsidiary's stock.

In the event that the distribution of stock to the parent corporation's shareholders amounts to a dividend, the distribution can be taxed pursuant to provisions of Income Tax statutes.



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? References in periodicals archive
Despite continuing cash flow from operations, this amount is not anticipated to change significantly during the time until the spin offs are completed because cash costs for separation are material.
The spin offs of our inactive subsidiaries resulted in reportable gains of $933,094.
Haghighat's interview centered on the recent launch of three spin offs by Triton (Elecon, Inc.
 
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