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Split-Up |
Also found in: Dictionary/thesaurus, Financial | 0.01 sec. |
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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. 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. |
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