Split-Off


Also found in: Dictionary, Financial.
Related to Split-Off: spin-off

Split-Off

The process whereby a parent corporation organizes a subsidiary corporation to which it transfers part of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the shareholders of the parent corporation in exchange for a portion of their parent stock.

A split-off differs from a spin-off in that the shareholders in a split-off must relinquish their shares of stock in the parent corporation in order to receive shares of the subsidiary corporation whereas the shareholders in a spin-off need not do so.

References in periodicals archive ?
Such statements include, but are not limited to, statements about future strategic plans and other statements about future financial and operating results, including statements about the proposed split-off by Cargill, Incorporated of its equity interest in The Mosaic Company and related transactions (the "Split-Off"), the terms and effects of the proposed Split-Off, the nature and impact of the proposed Split-Off and benefits of the proposed Split-Off.
Here we illustrate the physical measures method, the value at split-off point method, and the constant gross-profit percentage method.
CHAPTER 5 Securities Law Issues in Spin-Off, Split-Up and Split-Off Transactions
With the successful split-off of Availability Services, we are entering a new era in SunGard s history.
Another split-off ruling (24) involved a shareholder dispute about the corporation's two businesses.
The Split-Off is structured as a leveraged management buy-out.
Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of Liberty Media stock or the stock of the split-off entity.
5 ballot along with the split-off of the San Fernando Valley, the fight over breaking up Los Angeles into self-governing pieces can begin in earnest.
Liberty Media Corporation ("Liberty") (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) announced today that the Delaware Supreme Court has affirmed the ruling of the Delaware Chancery Court that the proposed split-off (the "Split-Off") of the businesses, assets and liabilities currently attributed to Liberty's Liberty Capital and Liberty Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of Liberty Media, LLC under the indenture governing its public indebtedness.
Maffei may make observations regarding the company's financial performance and outlook and may discuss the previously announced split-off of the Liberty Capital and Liberty Starz tracking stock groups.
The potential split-off of GE's Employers Reinsurance Corp.
Maffei may make observations regarding the company's financial performance and outlook and the status of the proposed split-off of the Liberty Capital and Liberty Starz tracking stocks.