SPIN-OFF

SPIN-OFF

spin-off, n.

1. A corporate divestiture in which a division of a corporation becomes an independent company and stock of the new company is distributed to the corporation’s shareholders. [Cases: Corporations 445. C.J.S. Corporations ¡ì 656.]

2. The company created by this divestiture. Cf. SPLIT-OFF F; SPLIT-UP.


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