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spinoff

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
spin·off or spin-off  (spnôf, -f)
n.
1.
a. A divestiture by a corporation of a division or subsidiary by issuing to stockholders shares in a new company set up to continue the operations of the division or subsidiary.
b. The new company formed by such a divestiture.
2. Something, such as a product, that is derived from something larger and more or less unrelated; a byproduct.
3. Something derived from an earlier work, such as a television show starring a character who had a popular minor role in another show.
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Instead, I'm eyeing up a pending spinoff from another Phase 1 position.
This could be the biggest biotech trade of 2010 by Rob Fannon, The Growth Stock Wire / Stockhouse
Cardinal Health announced its board of directors has approved the spinoff of CareFusion Corporation through a pro rata distribution of at least 80 percent of the shares of CareFusion common stock to Cardinal Health shareholders, with Cardinal Health retaining the remaining shares.
Cardinal Health board of directors approves carefusion spinoff by FOCUS: Journal for Respiratory Care & Sleep Medicine
The show's creator Jenji Kohan wants to make a Hills-like spinoff, according to the E
Hills -like Weeds Spinoff in the Works? by Gillian Reagan / The New York Observer
 
 
 
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