Corporate spin-off

Action where a company splits off part as a separate entity / From Wikipedia, the free encyclopedia

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A corporate spin-off, also known as a spin-out,[1] or 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.

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