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Spin-Off |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.03 sec. |
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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 |
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Through the spin-off, Tower stockholders would retain an ownership interest in the separate business. After the spin-off is completed, Ziff-Davis will cease to exist and its remaining assets, including Computer Shopper, will be merged into ZDNet, the company's Internet business unit. The spin-off of Unova was unusual because its two core businesses are growing at a much faster rate than Western Atlas' oil-field operations, according to Brann. |
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Spin-Off
