wholly owned subsidiary


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Wholly owned subsidiary

A subsidiary whose parent company owns virtually 100% of its common stock.

Wholly Owned Subsidiary

A company that, while theoretically publicly-traded, has all of its common stock owned by a single company. Some wholly owned subsidiaries belong to the same industry as the parent company, while others do not, and are part of a diversification effort on the part of the parent company. A wholly owned subsidiary's board of directors is directly appointed by the parent company, and is ultimately responsible to the shareholders of the parent company. Some wholly owned subsidiaries were once part of the parent company but were spun off, while others were smaller companies bought outright by their parent companies. See also: Holding company.

wholly owned subsidiary

A company that is totally owned by another company. For example, American Airlines is a wholly owned subsidiary of AMR Corp. A wholly owned subsidiary may have publicly traded preferred stock and debt, but all of its common stock is owned by a parent company and is unavailable for purchase.
References in periodicals archive ?
Under the reorganization plan, the acquirer subsequently contributes all of the target's assets to a pre-existing wholly owned subsidiary in exchange for additional subsidiary stock.
On Monday, Tohoku Oil merged with Nippon Mitsubishi Petroleum Refining Co., Nippon Mitsubishi's wholly owned subsidiary based in Tokyo, and Koa Oil Co., a refining firm based in Yamaguchi Prefecture that became a wholly owned subsidiary last October.
Another wholly owned subsidiary of CPA2Biz, Capital Professional Advisors, Inc., based in Minneapolis, provides a comprehensive array of wealth management, financial planning services, insurance and investment products to help CPA firms fulfill the needs of high-net-worth clients.
Smithfield Foods, Smithfield, Va., had submitted an unsolicited bid of $2.7 billion for IBP, topping an earlier bid by Rawhide Holdings Corp., a wholly owned subsidiary of DLJ Merchant Banking Partners III, L.P.
LMDS COMMUNICATIONS, INC is a wholly owned subsidiary of PRIME COMPANIES, INC.
* Turbodyne Technologies, Inc., launched a wholly owned subsidiary, Turbodyne International Corp., which was established to focus on implementating Turbodyne's worldwide strategy in marketing, sales and licensing, as well as on the establishment of distributorships and dealerships for products.
Another wholly owned subsidiary, offering fast and reliable microfilm and microfiche scanners.
(NYSE: WAC) has agreed to sell 100% of the stock of its indirect, wholly owned subsidiary GTI Holdings Corp.
(ENB) and its wholly owned subsidiary, Eagle National Bank, on December 4, 2015, through an all-cash transaction.
said its wholly owned subsidiary Ayala International Holdings Ltd.
Summary: MedOil, a wholly owned subsidiary of Cairn Energy, completed the M'Sela West 1 exploration well.
The new company,established as a spin off Sankyo Lifetech's Animal Health Products business, will be a wholly owned subsidiary of Novartis Animal Health.