A situation in which a parent company sells a minority share of a child company, usually in an IPO, while retaining the rest. The child company will have its own board of directors and financial statements, but will benefit from the parent company's resources and strategic support. Usually, the parent company will eventually sell the rest of the child company in the open market. also called carve-out.
Related information about partial spinoff:
- What is partial spinoff? definition and meaning
Definition of partial spinoff: A situation in which a parent company sells a minority share of a child company, usually in an IPO, while retaining the rest. The child ...
- Partial Spinoff - Financial Dictionary - The Free Dictionary
The act or process of a company making an IPO on one of its subsidies without fully spinning off. During an equity carve-out, the parent company becomes ...
- Partial Spinoff
A Partial Spinoff is when a parent company sells part of a subsidiary to the public, usually in the form of an IPO. In a situation such as this, the parent company ...
- partial spinoff - Business Definition
partial spinoff definition: 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 ...
- Sears board approves partial spinoff of Canada holdings ...
Oct 23, 2012 ... Sears Holdings' board of directors approved the spinoff of a portion of its interest in Sears Canada Inc.
- Sears Holdings plans partial spinoff of Sears Canada - Daily Herald
May 17, 2012 ... Sears Holdings Corp. said it plans to pursue a partial spinoff of its interest in Sears Canada Inc.
- Sears plans partial spinoff of Sears Canada | Home Channel News
May 17, 2012 ... Sears Holdings Corp. has announced plans to pursue a partial spinoff of its interest in Sears Canada. The move will reduce the Hoffman ...
- Sears Holdings completes partial spinoff of stake in Sears Canada
Nov 14, 2012 ... HOFFMAN ESTATES, Ill. - Sears said Wednesday that it has completed its spinoff of part of its stake in Sears Canada Inc.