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Spin-Off
(redirected from Spinoffs)

    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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Spinoffs occur when a company carves out a division to create a new stand-alone business.
This could be the biggest biotech trade of 2010 by Rob Fannon, The Growth Stock Wire / Stockhouse
We have worked with many spinoffs in helping them to create their boards -- including Accenture (Arthur Anderson & Co.
A solid start for a spinoff board. (Spencer Stuart Governance Letter) by Daum, Julie H.; Neff, Thomas B. / Directors & Boards
According to Jim Osman, CEO of, The Spinoff Report (the world's leading specialist that tracks and analyses Global Corporate Spinoffs and Special Situations) Encana will benefit for the following reasons, "due to investors clearer recognition of its: impressive production growth, the re-rating of the stock and its attractive resource base.
$39bn Encana to Gain From Cenovus Spinoff, Says The Spinoff Report by Business Wire
 
 
 
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