Spinning off business into a completely separate company. Usually done by distributing shares in the new company to existing company.... more on: Demerger
The disintegration of company into separate operations in the expectation that will enhance performance.
A company hives off some of its units into a wholly owned separate concern which may also be listed on a stock exchange. Can occur following a number of acquisitions of a similar nature which may diverge from a company's mainstream operations.