Split-Up

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Related to Splitup: split off

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
It's also a great opportunity for JLS fans to see them before they splitup.
- 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. How am I going to get through Christmas feeling the way I do?
This form of restructuring differs from a merger (a combination of two corporations in which a new entity emerges with their combined assets and liabilities), an acquisition (whereby one corporation buys another and thereby assumes its assets and liabilities after paying its shareholders in cash or equity), an equity carve-out (the sale of an equity interest in a subsidiary to outsiders whereby the parent company retains some interest in the unit sold), a spinoff (creation of a new company having the same stockholder base as the old company), and a splitup (whereby some stockholders in the parent company are given shares in the new company to be split off in exchange for their shares in the parent company).