spinoff


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spin·off

or spin-off  (spĭn′ôf′, -ŏf′)
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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spinoff

or spin-off
noun
Something derived from another:
Translations
References in periodicals archive ?
Spinoff 2012 offers a close-up look at how NASA's initiatives in aeronautics and space exploration have resulted in commercial technologies with benefits across the economy: health and medicine, transportation, public safety, consumer goods, energy and environment, information technology and industrial productivity.
As a result of the spinoff, Hyster-Yale Materials Handling will have greater flexibility to pursue strategic growth opportunities such as acquisitions and joint ventures in the materials handling industry," said Al Rankin, chairman, president and CEO of NACCO Industries.
The company shareholders had previously approved the spinoff of TripAdvisor, as well as a one-for-two reverse stock split proposal, and redemption of outstanding shares of Expedia Series A preferred stock.
The 2009 edition of NASA's Spinoff, a publication that shows how NASA technology is being put to use in everyday life here on Earth, is available in print and online.
Nabil Chettaoui, president and CEO of Tunisair and NE[umlaut]jib Fitouri, SNCFT's CEO.Aa Under these agreements, the two "spinoff" companies undertake to create an organizational structure, to develop an annual program so as to fix the number and terms of some spin-off projects creations as well as the creation of investment funds for venture capital.
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.
Step two is slightly more complicated, since there must be agreement as to what constitutes an entrepreneurial spinoff. To avoid potentially divisive debates, I recommend picking the top five or top 10 concepts through a vote by key decision makers.
Tower said the proposed spinoff of the Australian wealth-management operations, known by the brands Brides and Tower Trust, was the result of a "strategic review of its business portfolio." Through the spin-off, Tower stockholders would retain an ownership interest in the separate business.
"Friends" may be going away, but NBC is anxious to keep the show's spirit alive with a spinoff revolving around Matt LeBlanc's character, Joey Tribbiani.
"The biggest spinoff is the economic multiplier of bringing in more students into the community," he says.
Constructing a board for a spinoff presents a full agenda of challenges and opportunities.
The spinoff of Williams Communications is now final.