splitoff


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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.

splitoff

An exchange of the stock of a subsidiary for a pro rata surrender of stock in the parent corporation. A splitoff is similar to a spinoff, but in the case of the splitoff a smaller (or no) decline in the stock of the parent corporation should take place. Compare spinoff.
References in periodicals archive ?
21) Later that year, in July, the Central de Trabajadores Argentinos (CTA) and the Movimiento de Trabajadores Argentinos (MTA)--two dissident splitoffs from the CGT--along with a diverse group of organisations including students, small-scale agricultural and industrial producers, and left-wing parties, called for a federal march to protest against the economic policies of Menem's administration.
355(e) on the interpretation of "plan (or series of related transactions)" for affected spinoffs, splitoffs and split-ups.
Protection of the tax-free status of corporate spin-offs, split-ups or splitoffs (Section 355);
The over 110,000 deals profiled include all types of corporate transactions - mergers, acquisitions, spinoffs, splitoffs, asset sales, stake purchases, recapitalizations, privatizations, buybacks and self-tenders.
Activism, Bankruptcy, Carve Outs, Deep Value with Catalyst, Demutualizations, Directors Dealings, Distressed Securities, Liquidations, Merger Securities, Mergers & Acquisitions, Post-Re-Orgs, Privatizations, Recapitalizations, Recovery Situations, Equity Restructurings, Reverse Mergers, Reverse Morris Trusts, Rights Offerings, Special Dividends, Spinoffs, Splitoffs, Share Buybacks, Tender Offers and Turnarounds.