This form of restructuring differs from a merger (a combination of two corporations in which a new entity emerges with their combined assets and liabilities), an acquisition (whereby one corporation buys another and thereby assumes its assets and liabilities after paying its shareholders in cash or equity), an equity carve-out (the sale of an equity interest in a subsidiary to outsiders whereby the parent company retains some interest in the unit sold), a spinoff (creation of a new company having the same stockholder base as the old company), and a splitup
(whereby some stockholders in the parent company are given shares in the new company to be split off in exchange for their shares in the parent company).
And no matter how accurate that portrait might be, the telepic is stocked with layer upon layer of fluff as it hurries from their meeting to their splitup
and eventual reunion on David Letterman's latenight show.
Nonoy's manager Nelia Lim gave Rushes a long, detailed account of the surprise splitup
, which we are squeezing into a twosentence nutshell: "Magulo sila.
Vedomosti reports today (2 Mar) that Gazprom has initiated an arbitration case with UNCITRAL against the Lithuanian government to prevent the splitup
of the company Lietuvos Dujos.