wholly owned subsidiary

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Wholly owned subsidiary

A subsidiary whose parent company owns virtually 100% of its common stock.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
M2 EQUITYBITES-October 22, 2012-Bebida Beverage Company's wholly-owned subsidiary to market & sell its liquid products in New York(C)2012 M2 COMMUNICATIONS http://www.m2.com
Diversified technology company and holding company of the Fujifilm Group, FUJIFILM Holdings Corporation (TSE:4901) on Thursday revealed that it has closed its acquisition of SonoSite Inc (NASDAQ:SONO), which has now become its wholly-owned subsidiary.
Provider of innovative high performance computing (HPC) platforms, Cray Inc (Nasdaq:CRAY) announced on Thursday the formation of a new wholly-owned subsidiary in China aimed at strengthening Cray's presence in China's growing High Performance Computing (HPC) marketplace.
Defence electronics company Elbit Systems Ltd (Nasdaq:ESLT) (TASE: ESLT) announced today that, as a part of an internal reorganisation of its holdings in certain wholly-owned subsidiaries, its board of directors has approved a merger plan, to be performed in a series of transactions.
Included in the sale, in which Tegna will acquire all of the outstanding capital stock of each of the companies, are WBNS-TV, WTHR-TV of Indianapolis, WBNS Radio and WALV-CD, a UHF and digital channel and a wholly-owned subsidiary of WTHR.