Spin-Off
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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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Split-Off			Lenovo bought back its mobile phone unit in November last year for $200 million after spinning it off in 2008. Lenovo eyes takeovers in mobile market by Times of Oman (Muscat, Oman) The bank had various plans for the unit such as divesting part of it or inviting outside investors or spinning it off, but top executives prefer a complete divestment. Citi looking to sell commodities unit by Global Banking News (GBN) Pietersen still believes England have plenty of reasons to be optimistic, saying: "The promising thing is that Nathan Hauritz is spinning it off the straight and we've got two spinners in our line-up. Pietersen pleased with solid start by Independent Television News Limited (ITN)			spendthrift spendthrift clause Spendthrift Trust spent sperare Sperate spernere spes Spes est vigilantis somnium Spes impunitatis continuum affectum tribuit delinquendi Spes recuperandi sphaera sphere sphere of activity sphere of occupation spheroid sphinx-like sphinxian spice spicy spike spill over spin out Spin-Off spineless Spinning It Off Spinster spiral spiral inflation spiriferous spirit spirit away spirit of the law spirited spiritedness spiriting away spiritless spiritlessness spirits spiritual spiritual upbuilding spirituality spiritualness spit spite spiteful spitefulness splash splay spleenful splendid			Spinnin' Spinnin' Spinnin' spinning spinning spinning spinning spinning Spinning (djing) Spinning (djing) Spinning (metals) Spinning (textiles) Spinning (textiles) spinning a yarn spinning a yarn spinning a yarn spinning acoustic modes Spinning Beach Ball of Death Spinning Beachball of Doom Spinning door Spinning door Spinning Enhanced Visible & InfraRed Imager Spinning Enhanced Visible and Infrared Imager spinning frame spinning frame Spinning ginny Spinning ginny Spinning gland Spinning house Spinning house Spinning It Off spinning jennies spinning jennies spinning jenny spinning jenny Spinning Jenny Wire Dispenser spinning machine spinning machine spinning mill Spinning mite spinning mule spinning mule spinning mule spinning mules spinning mules spinning mules Spinning Nozzle Inert Flotation spinning off spinning off spinning off spinning off spinning off spinning out spinning out spinning out Spinning Piledriver Spinning Pinwheel of Death Spinning Pizza of Death Spinning Program Instructor Network Spinning records Spinning records

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Spin-Off (redirected from Spinning It Off)

Spin-Off
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