wholly owned subsidiary

Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:

In other words, the parent company owns the company outright and there are no minority owners.

See also: Acquisition, Hostile Takeover, Merger, Subsidiary, Takeover

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Wholly owned subsidiary

A subsidiary whose parent company owns virtually 100% of its common stock.

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wholly owned subsidiary

A company that is totally owned by another company. For example, American Airlines is a wholly owned subsidiary of AMR Corp. A wholly owned subsidiary may have publicly traded preferred stock and debt, but all of its common stock is owned by a parent company and is unavailable for purchase.