In contrast, a split-off
does not require a pro rata distribution of stock and, thus, can result in one shareholder owning most or all of the original corporation, and the other shareholder(s) owning most or all of the newly formed company.
After giving effect to the split-off
, the assets of GCI Liberty consist of its subsidiaries GCI and Evite and interests in Liberty Broadband, Charter and Lending Tree.
It can be noted from the figure that a repulsion exists between the [E.sub.+] and [E.sub.-] levels corresponding to the heavy hole/light hole bands and the spin-orbit split-off
point is the point in a common process where the separate primary products and byproducts emerge.
Mike Fries, Executive Chairman of Liberty Latin America and CEO of Liberty Global, commented, "The split-off
of our Latin American and Caribbean operations from Liberty Global will ensure that this new company will have access to the capital and resources necessary to achieve superior financial and strategic growth.
M2 EQUITYBITES-November 20, 2017-Fidelity National Financial, Cannae Holdings Complete Split-Off
2016-3 in effect, taxpayers are unable to obtain a ruling on whether a Type D tax-free split-off
reorganizations under Sec.
Danaher Corporation (NYSE: DHR) said it has announced the final exchange ratio for its split-off
exchange offer for Danaher common stock.
TELECOMWORLDWIRE-July 10, 2015-Danaher announces split-off
On July 19, 2012, PPG announced that it would form a new company by separating its commodity chemicals business through a spinoff or split-off
, and then immediately merging the business with Georgia Gulf or a Georgia Gulf subsidiary in a Reverse Morris Trust transaction.
As part of that reshaping, Sara Lee stated its plan for an initial public offering and split-off
of PYA/Monarch, within 18 months, depending on market conditions.
To address transactions that were perceived as abusing the tax-free status conferred by section 355, Congress added section 355(e) to the Code in The Taxpayer Relief Act of 1997.(1) A number of related provisions and conforming amendments were adopted at the same time, the cumulative effect of which is to revise substantially the conditions for obtaining a tax-free separation -- whether as a spin-off, split-off
, or split-up(2) -- of one corporation from another pursuant to section 355.