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Important information about corporate spinoffs, such as the company's rationale behind the spinoff and the new company's strategies, is found in an SEC filing known as Form 10-12B, which is ...
AOL was a Time Warner spin-off in 2009; this effectively was a demerger, as AOL had previously merged into Time Warner. Ocean Rig was spun off from DryShips in September 2011. News Corporation's publishing operations (and its broadcasting operations in Australia) were spun off as News Corp in 2013.
The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now owned by the parent company's shareholders, but separate from the parent company) then merges with a target company to create a ...
The name of the proposed spin-off was later changed to The Howard Hughes Corporation (HHC). [6] The spin-off of HHC to GGP's shareholders was completed on November 9, 2010, when GGP exited bankruptcy. [7] [8] The new company held a portfolio that included GGP's master planned communities, mixed-use developments, and undeveloped land. [8]
AT&T shares are down since it announced it would spin off its WarnerMedia business and combine it with Discovery Communications. AT&T CEO John Stankey told Yahoo Finance why his stock is still a ...
Arete Research analysts suggest spinning off Google's adtech as a B Corp could be a solution to its antitrust woes. How Google's ad business could be saved by a $150 billion spinoff Skip to main ...
A spin-off is defined as a pro-rata distribution of a majority, (often 80% or more) of shares of the subsidiary to the parent's shareholders.10 As a result of a 100% spin-off, the subsidiary11 becomes a totally independent company, with initially the same shareholder base as the parent company.
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