Split-Up

(redirected from Split Ups)
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Related to Split Ups: Split Offs

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 ?

As many as 46 per cent of Scots have argued in the car with their partner, with these rows leading to split ups in 13 per cent of cases.

Why we are the kindest drivers

More than three in four Scottish drivers admitted to frequently getting hot under the collar while behind the wheel with as many as 46 per cent of Scots having argued with their partner in the car, with these rows leading to split ups in 13 per cent of cases.

My right of way? No, after you..

COUPLE McColgans before split UPS AND DOWNS McColgan wins world title in 1991 and, inset, yesterday