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Split-Off
(redirected from split off)

   Also found in: Dictionary/thesaurus, Legal, Idioms 0.01 sec.
Split-Off
A relatively rare situation in which a parent company offers to its shareholders stock in a subsidiary in exchange for a comparable amount of stock in the parent company. This allows the parent company to divest itself of the subsidiary. See also: Splitoff IPO.


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Tokyo, Feb 17, 2009 - (JCN Newswire) - Fujitsu Limited today announced that it will split off its optical modules business and merge the business into its wholly owned subsidiary, Fujitsu Optical Components Manufacturing Limited, through a simple absorption-type separation, as of April 1, 2009.
The announcement comes seven months after Toys R Us announced they were seeking to split off their struggling toy business from the smaller, but more lucrative, Babies R Us division.
The company intends to complete its split off of CombiMatrix Corporation by redeeming CBMX stock for common stock of CombiMatrix Corporation prior to October 22, 2007.
 
 
 
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