Split-Up

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Split-Up

An arrangement whereby a parent corporation transfers all of its assets to two or more corporations and then winds up its affairs.

When a split-up occurs, the shareholders of the parent corporation surrender the total amount of their stock in exchange for stock in the transferee corporation.

References in periodicals archive ?
The number of corporate split-ups came to 20 in the last fiscal year, the first year such data became available as companies were required to report such cases from April last year.
Former Home And Away soap star Fisher broke off her engagement to Day last month, in what seemed to be a repeat of his other high-profile split-ups with actresses.
There are a number of symptoms which are commonly associated with relationship split-ups.
corporations to foreign persons in certain otherwise tax-free spin-offs, split-ups, split-offs and liquidations of controlled subsidiaries.
The most high-profile split-ups involved Foreign Secretary Robin Cook who ditched wife Margaret after 28 years when he had an affair with secretary Gaynor Regan, whom he later married.
With the increasing incidence of spin-offs, split-ups, dropdowns and other reorganizations, corporations frequently face the issue of which entity is entitled to a deduction for equity-based or deferred compensation granted before the transaction but paid or vested after the transaction.
Cliffhanging episodes have left us with an unprecedented abundance of deaths, diseases, comas, shootings, split-ups and marriage interruptus.
QuarterCAST(TM) expects that the sharp spike in the number of M&A deals during 1995-2000 will translate into an increasing number of reverse M&A transactions such as spin-offs, split-ups or other divestitures.
The percentage split-ups of the segments categorized under the market have been used to arrive at the market sizes of each of the individual segments.
AWBC has issued 10% stock dividends and split-ups in February of each of the past seven consecutive years.