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Explain the split off

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Anonymous

15y ago
Updated: 8/18/2019

Definition:

A type of corporate reorganization whereby the stock of a subsidiary is exchanged for shares in a parent company.

Brief Explanation:

This is a somewhat rare situation. For example, Viacom announced a split off of its interest in Blockbuster in 2004 whereby Viacom offered its shareholders stock in Blockbuster in exchange for an appropriate amount of Viacom stock.

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Wiki User

15y ago

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