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 ?
In the split off, each share of Class A and Class B Liberty Media tracking stock was redeemed for one share of Liberty Media Corporation's Series A and Series B common stock, respectively.
The management has said that there are plans to split off SAS Cargo from 1 January next year, but SAS employees fear that the cargo division could then be sold abroad.
If voters approve Carson's request, it would be the first time that a new school district has seceded from the LAUSD since Torrance schools split off in 1948.
GM has indicated it will seek to split off EDS in a tax-free stock exchange.
HVB AG ('A-/F2', both on Rating Watch Positive following the planned acquisition by Unicredito of Italy) split off a large part of its commercial mortgage lending business by spinning off Hypo Real Estate AG in 2003, while the residential mortgage lending business remains as a strategic focus of the bank.
David Freeman has said in the past that Los Angeles would retain rights to the water if the Valley split off because it owned the rights before the Valley joined Los Angeles.
By looking for particular examples of these copies in specific sites of the genome, researchers can determine when various species split off from related ones.
DSI also announced that the agreement between DSI and certain of its stockholders relating to the split off of DSI's Norton Drilling Company subsidiary has expired.
The Departments of Radiology and of Radiation Oncology, which split off from the radiology department in 1986, are holding an exhibition and symposium Saturday to honor the past century of work, and also to peer ahead at the potential developments that could usher in a new era of personalized medicine.
Ironically, said Dabdub, in unpopulated places like the middle of the Pacific Ocean, the chlorine atoms split off but, by themselves, reduce the amount of ozone in the air.
According to the prevailing theory, birds split off from the dromaeosaurid line sometime in the Jurassic period, more than 150 million years ago.
Such an easily reconfigurable system would be able to transport, merge, mix, and split off streams of fluid flowing across a flat surface.