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 ?
A SPINOFF OR SPLITOFF from the parent corporation is a once-in-a-lifetime opportunity for a public company management team to start with a blank sheet of paper and build a board that will help deliver long-term shareholder value.
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.