Split-Off

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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.
References in periodicals archive ?
Specifically, did children who attrited tend to leave before they splitoff from their parental families (to either form their own households or join a nonparental household) or were they lost after leaving their parental households?
Activism, Bankruptcy, Carve Outs, Deep Value with Catalyst, Demutualizations, Directors Dealings, Distressed Securities, Liquidations, Merger Securities, Mergers & Acquisitions, Post-Re-Orgs, Privatizations, Recapitalizations, Recovery Situations, Equity Restructurings, Reverse Mergers, Reverse Morris Trusts, Rights Offerings, Special Dividends, Spinoffs, Splitoffs, Share Buybacks, Tender Offers and Turnarounds.
Because the S corporation is the vehicle of choice for many small businesses, it is only natural that there is more activity currently in the area of splitoffs, acquisitions and other restructurings.
Barr is a tax lawyer advising clients on federal income tax matters, including mergers, acquisitions, spinoffs, splitoffs, private equity investments and financial products.