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A company can create an independent company from an existing part of the company by selling or distributing new shares in the so-called spin-off.


A situation in which a company offers stock in one of its wholly-owned subsidiaries or dependent divisions such that subsidiary or division becomes an independent company. The parent company may or may not maintain a portion of ownership in the newly spun-off company. A company may conduct a spin-off for any number of reasons. For example, it may wish to divest itself of one industry so it can expand into another. It may also simply wish to profit from the sale of the subsidiary. A spin off should not be confused with a split off.


In a spin-off, a company sets up one of its existing subsidiaries or divisions as a separate company.

Shareholders of the parent company receive stock in the new company based on an evaluation established for the new entity. In addition, they continue to hold stock in the parent company.

The motives for spin-offs vary. A company may want to refocus its core businesses, shedding those that it sees as unrelated. Or it may want to set up a company to capitalize on investor interest.

In other cases, a corporation may face regulatory hurdles in expanding its business and spin off a unit to be in compliance. Sometimes, a group of employees will assume control of the new entity through a buyout, an employee stock ownership plan (ESOP), or as the result of negotiation.

References in periodicals archive ?
This will result in neither overly broad buckets, which can become complicated and difficult to use--as can be the case with schedules created at the fonds level--nor very narrow buckets mired in item-level detail, which can result in information being overlooked--as can be the case with schedules created at the sub-series level.
Forecasted sub-series are recombined to obtain the final forecast value.
The key take-home message from the Witches sub-series, then, is that hegemonic discourses about gender roles only get in the way of our potential, in as far as the stories they tell precede and restrict our talents and desires.
Folder 1, Box 137, Sub-series Center for Inter-American Relations, Series 4, Rockefeller Brothers Fund, Rockefeller Foundation Archives, RAC.
Sisters of St Martha of Charlottetown Archives [SSMA], Series 8, Sub-series 3, #8, "The Dream of Henry O'Leary," unpublished booklet, [1991], 5 and 9.
A new sub-series is born, called the KISS/PECK In The Dark.
Ronald Tonks, Interview with Brooks Hays, August, 1977, 539 (Hays Supplementary Papers, Series Five, Sub-Series One, Box One, File Three.
As Jean Tener points out in the "Archival Introduction" to each volume, the inventories are arranged according to standard archival methodology, by series, sub-series, and file, with an attempt to maintain original order wherever possible: "only the most blatant misfiles being corrected.
A more detailed description of the contents of this book can be garnered from the title page: UE Loyalists & Military Claimants of Upper Canada, Registered Warrants & Fiats 1798-1865, A Compiled Index of the Ontario Archives Warrants & Fiats, Sub-Series RG 1-149-2, Container 1-7, Formerly MS-693 Series, Volume C 1-1-3, MF 71 to 82.