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spinoff

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.03 sec.
Spinoff
A new, independent company created through selling or distributing new shares for an existing part of another company.

Notes:
Spinoffs may be done through a rights offering.

spinoff
The distribution to stockholders of the stock of a subsidiary held by a parent company. Usually the distribution is not taxable to the stockholders until the new shares have been sold. Compare splitoff. See also partial spinoff.
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