Splitup legal definition of Splitup
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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.
References in periodicals archive
It's also a great opportunity for JLS fans to see them before they splitup
Facing activist investors pushing for a splitup
(see August), McGraw-Hill Cos.
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