n. The process of setting up a portion of a corporation as a separate business and selling some of its shares in an initial public offering; the business so formed.
1999
In a pure spinoff, a parent company distributes 100 percent of its ownership interest in a subsidiary company to its existing shareholders in the form of a dividend.
In a partial spinoff, or carve-out, the parent company sells less than 20 percent of its ownership interest in the subsidiary company to the public.
In a partial spinoff, or carve-out, the parent company sells less than 20 percent of its ownership interest in the subsidiary company to the public.
1998
Managed care also spawned a special mini-sector of companies devoted solely to mental health and substance abuse treatment. The leader of these behavioral 'carve-out companies' is based in Atlanta: Magellan Health Services.
1990 (earliest)
The limited partnership carve-out was primarily tax-driven, analysts agreed. Under current law a publicly-traded limited partnership can be exempt from corporation taxes if it derives 90% or more of its earnings from natural resources-related activities.