Splitup legal definition of Splitup
Split-Up (redirected from Splitup)
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Related to Splitup: split off
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
Gazprom to Dispute SplitUp
of Lietuvos Dujos in International Court
Although I wouldn't want him not to be well, I can't help but feel worse and quite angry knowing that he doesn't seem affected by our splitup
Vedomosti reports today (2 Mar) that Gazprom has initiated an arbitration case with UNCITRAL against the Lithuanian government to prevent the splitup
of the company Lietuvos Dujos.