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A company can create an independent company from an existing part of the company by selling or distributing new shares in the so-called spin-off.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


A situation in which a company offers stock in one of its wholly-owned subsidiaries or dependent divisions such that subsidiary or division becomes an independent company. The parent company may or may not maintain a portion of ownership in the newly spun-off company. A company may conduct a spin-off for any number of reasons. For example, it may wish to divest itself of one industry so it can expand into another. It may also simply wish to profit from the sale of the subsidiary. A spin off should not be confused with a split off.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


In a spin-off, a company sets up one of its existing subsidiaries or divisions as a separate company.

Shareholders of the parent company receive stock in the new company based on an evaluation established for the new entity. In addition, they continue to hold stock in the parent company.

The motives for spin-offs vary. A company may want to refocus its core businesses, shedding those that it sees as unrelated. Or it may want to set up a company to capitalize on investor interest.

In other cases, a corporation may face regulatory hurdles in expanding its business and spin off a unit to be in compliance. Sometimes, a group of employees will assume control of the new entity through a buyout, an employee stock ownership plan (ESOP), or as the result of negotiation.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Tablets 17, 18, 19/20, 21, 22, and 23 round out the third sub-series, which is devoted for the most part to infectious diseases.
Edouard Sandoz, "Report on Morphinism to the Municipal Court Boston," Journal of Criminal Law, Criminology, and Police Science 13 (1922): 24, 36; "The First Annual Summary of the Clinical Work on Opium Addiction in Philadelphia General Hospital for the Philadelphia Committee by the Clinical Staff," Part II, (1926), 3, file 552, box 1, sub-series 1, series IV, Bureau of Social Hygiene; Terry and Pellens, eds., The Opium Problem, 474.
Concurrent with the aforementioned issuance, PTC has also issued $185.5 million in sub-series 2016A-2 subordinate refunding bonds to advance refund a portion of outstanding subordinate bonds, subseries 2008A-1 and 2008B-1, and series 2009A and 2009B.
The Company anticipates that the closing of the remarketing of the Sub-Series 2017A Bonds will take place on or about October 1, 2019, subject to customary closing conditions.
Step 2: Identify Each Fond's Records Series and Sub-Series
The new series of preferred shares will have three sub-series whose dividend rates will be based on five-, seven-, and 10-year local interest rate benchmarks.
In WARIMA, network traffic series are decomposed with more complex factor into sub-series on different scales, so both profile and details could be extracted, but it is very time-consuming.
It is the fifth Tiffany Aching book; a sub-series aimed at young adults charting a young girl's determination to become a witch.
It is the fifth Tiffany Aching book; a sub-series aimed at young adults charting a girl's determination to become a witch.
The paper presents an approach depicting two models, namely, hybrid MODVVT-ANN and hybrid MODWT-SVR models to predict 1-step ahead forecasts for weekly National Stock Exchange Fifty price index, where the time series is first decomposed to different sub-series using MODWT.
The introduction of this e-book lists six sub-series in which the 200 books appear:
Ten novels and one short story comprise the Witches sub-series, which is largely concerned with the historical imagination of gender.