Split-Off

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Split-Off

A relatively rare situation in which a parent company offers to its shareholders stock in a subsidiary in exchange for a comparable amount of stock in the parent company. This allows the parent company to divest itself of the subsidiary. See also: Splitoff IPO.
References in periodicals archive ?
The Company will split off its in-house company, Infrastructure System & Solutions Company, and merge it into Toshiba Electric Service Corporation, which is responsible for part of the installation work, electrical construction, maintenance and inspection services in the social infrastructure business and holds special construction business licenses.
[Owner 2] is going to split off from Corporation A and start a new company, Corporation B Inc.
The proposals come a week after MPs said that if BT does not ramp up investment in Openreach and address poor service, Ofcom should force it to split off the division.
Variations in white face masks and other traits suggest the Bornean loris should be split off as a new species, Nycticebus kayan, along with two more new species, Rachel Munds of the University of Missouri and colleagues argue in the January American Journal of Primatology.
As a result, PPG now intends to commence its exchange offer to split off its commodity chemicals business in the near term with the closing of the exchange offer and merger expected to occur in late January 2013.
is subjected to a catalyzed reaction with an alkyl polyether [R.sup.1]--H], [R.sup.7]--OH being split off, the molar ratio of the alkyl polyethers [R.sup.1]--H to the silane of the formula II is at least 0.5 and [R.sup.7]--OH is separated off from the reaction mixture continuously or discontinuously.
This will be split off as a new company--Santa Andrea Limited--wholly-owned by COFCO.
(ADPnews) - Jun 28, 2010 - The insurance operations of Vienna Insurance Group (WBAG:VIG), or VIG, could be split off and transferred to VIG's subsidiary VERSA-Beteiligungs AG, VIG board chairman Guenter Geyer said today.
Velinovska adds that from so many mayors in the world where natural catastrophes occurred, only he is too cleaver by half to split off his own country, all because Ohrid got threatened by a flood.
In an attempt to speed up repayment, reports say B&B is looking to split off mortgages that are performing well or are low risk because they have a low loan-to-value ratio, which would be attractive to a buyer.
Golar LNG Energy was split off from Oslo-listed gas tanker group Golar LNG Ltd (OSL: GOL) in August.
Covering each faith's origins, beliefs, and where they stand today, "Encounters" is a must for those who want to understand modern world religions as a whole and the sects that split off them.