| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,727,159,281 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Spin-Off |
Also found in: Dictionary/thesaurus, Medical, Financial, Idioms, Encyclopedia, Wikipedia, Hutchinson | 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
the concert promoter spun off by Clear Channel Communications Inc. COLOMBIA injected US$183 million into Bancafe, a state-run bank, and then spun off a portion of the institution to create a new financial entity, Granbanco-Bancafe, after liquidating the former Banco Cafetero. Lanxess will be spun off to the company's stockholders and listed separately on the stock exchange at the beginning of 2005. |
| Legal Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|