spinoff


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Spin-Off

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.

spinoff

The distribution to stockholders of the stock of a subsidiary held by a parent company. Usually the distribution is not taxable to the stockholders until the new shares have been sold. Compare splitoff. See also partial spinoff.
References in periodicals archive ?
Profiles of NASA's research and development activities, education efforts and partnership successes for the year also are featured in Spinoff 2012.
Spinoff 2009 also highlights NASA research and development activities that are helping to make NASA's future missions a reality and profiles NASA education efforts and partnership successes.
Lloyd and Littlefield say it may be harder to pursue a "Joey" spinoff from "Friends," given how much viewers already know about the character.
While the number of directors that must be recruited to create a board for a spinoff may appear overwhelming, if the task is approached systematically and relies on established best practices and common sense, with an eye on possible pitfalls, it should yield a successful board.
The IRS recently published a notice of nonacquiescence to the Tax Court decision, saying it intends to object to all tax-free spinoffs in which the stock is sold shortly after distribution.
4, ruled that such a spin-off would be nontaxable only if the merger negotiations, agreement, or shareholders' vote occur after the spinoff. This narrows an earlier interpretation that would have treated the spin-off as nontaxable, even if there had been prior negotiations, as long as there was a valid corporate business purpose for the spin-off.
The minimum "bullet-proof" asset transfer is the amount a financially sound insurance company would charge to annuitize the spinoff benefits, because an annuity purchase would be necessary if the plan were to terminate.
The actor is also hopeful Ben and Bailey could reunite in "Grey's Anatomy" or in the spinoff by featuring them in their home together.
2004-23, a spinoff undertaken to increase shareholder value is permissible if there is a "corporate" business purpose.
So when Premier Ernie Eves made good on his promise to grant Thunder Bay and Lakehead University equal status to Sudbury and Laurentian University in the northern medical school development, dual campus supporters had a vision, not only of addressing their chronic doctor shortage, but also keying in on the anticipated spinoff opportunities as a catalyst for economic and social growth.
The spinoff positions Travelers Property Casualty to participate independently in the accelerating consolidation of the insurance industry, especially after the events of Sept.