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Spin-Off
(redirected from spinoff)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 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.
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Instead, I'm eyeing up a pending spinoff from another Phase 1 position.
This could be the biggest biotech trade of 2010 by Rob Fannon, The Growth Stock Wire / Stockhouse
Cardinal Health announced its board of directors has approved the spinoff of CareFusion Corporation through a pro rata distribution of at least 80 percent of the shares of CareFusion common stock to Cardinal Health shareholders, with Cardinal Health retaining the remaining shares.
Cardinal Health board of directors approves carefusion spinoff by FOCUS: Journal for Respiratory Care & Sleep Medicine
The show's creator Jenji Kohan wants to make a Hills-like spinoff, according to the E
Hills -like Weeds Spinoff in the Works? by Gillian Reagan / The New York Observer
 
 
 
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