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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 ?
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.
Center for Inter-American Relations, Annual Report 1974-1975 (New York, 1975): 15, Folder 4, Box 137, Sub-series Center for Inter-American Relations, Series 4, Rockefeller Brothers Fund, Rockefeller Foundation Archives, RAC.
Nevertheless, each of the nine sub-series of the NSC Institutional Files is voluminous enough to keep researchers fairly busy, whether they wish to learn more about the organization and functioning of the National Security Council, or in broader terms, the machinery of foreign policy during the Nixon years.
12) SSMA, Series 8, Sub-series 2, #6, Bishop Henry O'Leary to Mother Stanislaus, 30 July 1916.
Hays, draft of speech to the "Christian Rural Fellowship" (Hays Papers, Series Two, Sub-series One, Box Twenty-five, File Twenty-three).
The experience of being part of this community, and his feeling of belonging to what in its own estimation was an extremely elitist organization, were very important to him -- these were also things he obviously missed in more conventional scholarly environments (13 April 1943; BDC, Fuchs's personal file, sub-series Ahnenerbe, fol.
We are very focused on finishing Advanced Warfare right now but yeah, that [having Advanced Warfare start a new sub-series in the Call of Duty franchise] would be great," Aaron Halon, Director of Product Development at Sledgehammer Games said speaking with TrustedReviews.
We identified specific compounds within the ANA59X sub-series of HCV polymerase inhibitors that combined good potency with excellent pharmaceutical properties.
Prison Meditations is volume one in the sub-series "Biblical Studies," which is edited by Franz Posset.
NEW YORK -- Fitch Ratings assigns a rating of 'F1+' to the $100,000,000 Sacramento Municipal Utility District, CA commercial paper (CP) notes series K, consisting of sub-series K-1 (tax-exempt) and sub-series K-2 (taxable).
of York, Britain) present a new translation into English as the first volume in a sub-series devoted to works written in what is traditionally called Anglo-Norman but is here called French of England to emphasize that the melange was not quite either French or English.
We are especially excited about the progress we have made in recent months in this HCV direct antiviral program and look forward to nominating a candidate this year from the ANA59X sub-series for clinical development as an orally-administered drug.