Corporate spin-off

A corporate spin-off, also known as a spin-out,^[1] starburst or hive-off,^[2] 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.^[3] It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities.

^ 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 ..."
^ "Definition of hive off". The Free Dictionary. Archived from the original on 9 April 2021. Retrieved 10 April 2021.
^ "Starbursting". The Economist. March 24, 2011. Archived from the original on Aug 7, 2020. Retrieved April 18, 2011.

[1] 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 ..."

[2] "Definition of hive off". The Free Dictionary. Archived from the original on 9 April 2021. Retrieved 10 April 2021.

[econ-3] "Starbursting". The Economist. March 24, 2011. Archived from the original on Aug 7, 2020. Retrieved April 18, 2011.

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