Split-Up


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Split-Up

An action in which a publicly-traded company splits into two different publicly-traded companies. Stock in the company is exchanged for stock in both of the new companies according to some predetermined formula. A split-up may happen at government instigation, for example, to end a monopoly. A company may also voluntarily split up if it believes it will improve profitability.
References in periodicals archive ?
The same may be true of split-ups in which the new company remains within the controlled group (e.
9 "My desert-island, all-time, top five most memorable split-ups, in chronological order: 1) Alison Ashworth, 2) Penny Hardwick, 3) Jackie Allen, 4) Charlie Nicholson, 5) Sarah Kendrew.
2) Divisive reorganizations that are otherwise known as spin-offs, split-offs and split-ups.
Recent celebrity split-ups include former Friends star Jennifer Aniston and Brad Pitt.
355(e) on the interpretation of "plan (or series of related transactions)" for affected spinoffs, splitoffs and split-ups.
Cafcass says it gets involved in only about 10% of split-ups - and by the end of the process contact between fathers and their children increases.
But where there is sound preparation for school split-ups, with teachers and parents involved early on, the hoped-for results of more personal attention, fewer dropouts and higher academic achievement seem to be materializing.
The number of corporate split-ups came to 20 in the last fiscal year, the first year such data became available as companies were required to report such cases from April last year.