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Spin-Off
(redirected from Spin-offs)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 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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2) Although it is clear from other studies that spin-offs benefit stockholders, the position of bondholders is less evident.
An empirical analysis of the stockholder-bondholder conflict in ... by Veld, Chris; Veld-Merkoulova, Yulia V. / Financial Management
Her lawyers confirmed the author would be happy for spin-offs to be published online, provided it was made clear she was not involved and the publications were not sold.
JK: I'm OK with fans' Harry tales by Daily Record (Glasgow, Scotland)
In addition, Kenneth Jastrow will step down as chairman and CEO of Temple-Inland upon completion of the spin-offs and will become non-executive chairman of the board of both Guaranty Financial Services and Forestar Real Estate Group.
Temple-Inland announces new leaders by Wood & Wood Products
 
 
 
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