spin off

spin off definition - business

spin off

To distribute stock of a subsidiary to stockholders of the parent company. For example, directors of Union Pacific Corporation voted to spin off the firm's natural resource operations by distributing to Union Pacific stockholders shares of Union Pacific Resources.

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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