Split-Up

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Related to Splitup: split off

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.
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References in periodicals archive ?
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.
BROKE the news to my mother that JLS have splitup. "Oh no," she shrieked, "where am I going to get my sofa from now?" | I'M a massive underachiever.
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.
Kylie would rather focus on work these daysespecially since she is still recovering from a stormy splitup with Aljur Abrenica.