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Spin-Off |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.07 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The changes apply to more than 20 regulations involving corporate and shareholder reporting requirements, including rules governing corporate transactions, such as mergers, spin-offs and liquidations. Los Angeles-based ITU Ventures, the firm that invests mostly in university spin-offs, has launched a $120 million fund called ITU Ventures III. Northern Ontario could see up to $150 million in economic spin-offs from the industrialization and commercialization of research activities, states a report commissioned by the Northern Ontario School of Medicine (NOSM). |
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