One of the mysteries of the English language finally explained.
(of a parent company) turn a subsidiary into a new and separate company.‘the corporation announced plans to spin off its computer systems arm’
- ‘The bankers told us it was a fantastic opportunity to create a separate entity, spin it off, and make lots of money.’
- ‘Eventually, it was spun off into a separate corporate entity with the mandate to dominate the Canadian market in the refinancing, rebuilding and running of aging public municipal infrastructure.’
- ‘But the new parent grew wary of its subsidiary's risky hazardous waste work and sought to spin it off five years later.’
- ‘Well, many companies in the service industry support manufacturers and in some cases have been spun off from them.’
- ‘And he's hinted that he'd like to combine all his satellite assets into one unit and spin it off publicly.’
- ‘Selling it or spinning it off would also raise needed cash.’
- ‘If the dismal finances persist, some carriers may try to unlock the value of their miles programs by spinning them off as separate publicly traded companies.’
- ‘The company could sell the unit or go ahead with its original plan of spinning it off as a separate entity.’
- ‘Profits have rocketed since the company started buying assets around the world and spinning them off into separately listed trusts which, so far, have gone on to outperform the wider markets.’
- ‘The companies began as subsidiaries of Cabletron, with the plan to eventually spin them off as separate public companies.’
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