wholly owned subsidiary

(redirected from Wholly-Owned)

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 ?
Comlenia will become a wholly-owned subsidiary of Comintel and an indirect wholly-owned subsidiary company of Comcorp after completing the transaction in the Q1 of 2016.
is pleased to announce that it has entered into binding agreements with Cosmo Coal LLC ( Cosmo ) to: Consolidate the assets of Prophecy s wholly-owned subsidiary, Chandgana Coal LLC ( Chandgana Coal ) with the assets of Tugalgatai Mining LLC ( Tugalgatai ), which is a wholly-owned subsidiary of Cosmo, into: Chandgana Tugalgatai Coal LLC, a newly-incorporated Mongolian company of which, Prophecy will own 51% and Cosmo will own 49%.
Contract notice: Procurement of audit services for malmE[micro]~s wholly-owned limited liability companies and for sydvatten company limited and its subsidiaries.
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
Following the completion of the deal, now Solta serve as a wholly-owned subsidiary of VPI and the common stock of Solta will no longer be listed for trading on the NASDAQ Global Select Market.
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.
Toyota Tsusho Corporation, Aisin Seiki Co., Ltd., and DENSO Corporation will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components.
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.
The company in a filing with the exchanges stated that its Board of Directors has approved the Scheme of Amalgamation of Ashley Services Ltd, a wholly-owned subsidiary of the company, with Ashok Leyland Ltd.
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.
(Sinclair or the Company) (Nasdaq: SBGI) announced that its indirect wholly-owned subsidiary, Diamond Sports Group, LLC (Diamond), intends to raise $3.3 billion of term B loans due 2026 (the RSN Term Loans).
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.