Tuesday, May 11, 2010

spin-off transaction

  • Creating a new entity out of a company's business line or one of its subsidiaries
  • and then granting shares in the new entity to the existing shareholders of the parent company.
  • The shareholders are then free to sell their shares in the spin-off company in the marketplace.
  • Generally seen as a favorable sign in the market due to expected greater efficiency for the spin-off company and the parent company.

See also carve-out transaction.

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