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Spinoff
The creation of a new independent company from an existing company by the transfer of the assets of one or more business units or product lines of the company to a new corporation and the distribution of stock of that new corporation to stockholders of the old one.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Private equity
- Company:
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- Acronym-Abbreviation:
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