Split-Off

(redirected from split off)
Also found in: Dictionary, Legal, Idioms.

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, Storage & Electronic Devices Solutions Company and transfer it to a newly established company.
In order to improve response capabilities to the sudden change in the operating environment and promote further business efficiencies, Fujitsu Limited has decided to split off its optical modules business through a simple absorption-type separation and consolidate it in Fujitsu Optical Components Manufacturing Limited to further enhance the optical modules business of the Fujitsu Group.
They need to be redeemed, rather than being split off in a schizoid view of the universe.
The Display Group along with display products sales personnel currently assigned to the Semiconductor & Integrated Circuits Group and branch offices will be split off and combined to form the company, which will be a wholly owned subsidiary of Hitachi, Ltd.
SAS said that it regrets that customers may be affected by an internal disagreement and added that the final decision to split off SAS Cargo has not yet been made.
Rogers formed Ariel Capital Management a year ago when it split off from the Bethesda, Md.
The freehold and leasehold estates were split off in 1961 when a Helmsley group was the owner.
The new CR12500A HS model offers the additional capability of utilizing high sensitivity data inputs so that the signal under test may be split off and converted from optical to electrical before being fed into the clock recovery data input.
M2 EQUITYBITES-November 7, 2016-Liberty Interactive and Liberty Expedia declares split off into different companies
The high desert regions of the Mojave Desert are holding good numbers of valley quail, a fair population of Gambel's quail and, even though most of the chukar have split off into smaller coveys, there are still birds to be shot for those willing to walk along some of the rugged higher mountains between Victorville and Barstow.
In the scenario that these findings support, insects and other six-legged arthropods parted evolutionary paths before insects split off from crustaceans.
The trade unions of SAS, the Scandinavian airline, do not support the idea that SAS Cargo should split off from the company.