partial spinoff

partial spinoff definition - business

partial spinoff

Distribution to stockholders, or sale to the public, of shares that represent a minority interest in a firm's subsidiary. A firm may undertake a partial spinoff when it considers the subsidiary is not properly valued by the public as part of the parent firm, or when it wishes to raise funds without giving up total control of the subsidiary.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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