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Split-Off |
Also found in: Financial | 0.02 sec. |
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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. |
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? References in periodicals archive |
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The split-off valence sub-band at [GAMMA] due to spin-orbit coupling and the non-parabolicity factor of the conduction [GAMMA] sub-band are neglected. 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. which has said it will proceed with a split-off of its remaining 82 percent stake if Blockbuster stock trades in the $20s. |
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Split-Off