Split-Up


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Split-Up

An action in which a publicly-traded company splits into two different publicly-traded companies. Stock in the company is exchanged for stock in both of the new companies according to some predetermined formula. A split-up may happen at government instigation, for example, to end a monopoly. A company may also voluntarily split up if it believes it will improve profitability.
References in periodicals archive ?
If it is any consolation to Chung, however, two other public split-ups, the breakup of Woody Allen and Mia Farrow, and the separation of actors Tom Cruise and Mimi Rogers, were very closely followed by only 3% and 2% of the public, respectively, at the time.
corporations to foreign persons in certain otherwise tax-free spin-offs, split-ups, split-offs and liquidations of controlled subsidiaries.
The most high-profile split-ups involved Foreign Secretary Robin Cook who ditched wife Margaret after 28 years when he had an affair with secretary Gaynor Regan, whom he later married.
The percentage split-ups of the segments categorized under the market have been used to arrive at the market sizes of each of the individual segments.
When it comes to self-assessment, Rob remains obsessed with list-making, to the point of compiling an all-time Top Five Most Memorable Split-Ups.