Corporate spin-off: Difference between revisions

A '''corporate spin-off''', also known as a '''spin-out''',<ref>New Zealand Master Tax Guide (2013 edition) – p. 771 1775470024 CCH New Zealand Ltd – 2013 "Essentially, a 'spinout' involves the transfer by a parent company of shares in a wholly owned subsidiary to the shareholders in the parent. To the extent that there is a common interest in the old and new holding companies, the spinout ..."</ref> or '''starburst''' or '''hive-off'''<ref>{{cite web |url=https://www.thefreedictionary.com/hive+off |title=Definition of 'hive off' |access-date=10 April 2021}}</ref>, is a type of [[corporate action]] where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active.<ref name="econ">{{cite news|title=Starbursting|url=http://www.economist.com/node/18440915?story_id=18440915|access-date=April 18, 2011|work=[[The Economist]]|date=March 24, 2011}}</ref>