An independent company created from an existing part of another company through sale or distribution of new shares.

Method used by a company to spilt its operations and assets by proportionately distributing shares it holds in a company to its own shareholders. Also termed hive off.

A distribution of stock in a company that is owned by another corporation and that is being allocated to the holders of the latter institution.

A company that has been demerged from another; the process of demerger.... more on: Spin off

Sale of a company's non-core or redundant assets.

A company sells a division or turns it into a subsidiary. Often companies also list spun-off subsidiaries on the exchange.

The separation of a subsidiary or division of a corporation from its parent company by issuing shares in a new corporate entity. Shareowners in the parent company receive shares in the new company in proportion to their original holding and the total value remains approximately the same.

Common term in reference to a transaction under which an issuer distributes to its shareholders a portion or all of one of its holdings. For example, in May 2000, BCE distributed 37 % interest in Nortel Networks to its shareholders also referred as the Nortel Distribution.

Giving stock dividend in another CUSIP, usually a subsidiary.