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标题: Spin off? Split off? [打印本页]

作者: dandman    时间: 2011-7-11 19:56     标题: Spin off? Split off?

Can someone please tell me how/why a

spin off nor split off does NOT generate cash flow to the firm?

But an equity carve out DOES result in a cash inflow?


Thanks in advance
作者: Otabek    时间: 2011-7-11 19:56

thanks, good stuff
作者: ppls    时间: 2011-7-11 19:56

equity carve out -> new company being created and this one issues shares as well.

Spin off - similar to a carve out - but no shares are issued. Shares are distributed proportionally to the Parent's company's shareholders.

Split off - Parent company shareholders are offered shares in new company after they return proportional # of shares in Parent. The parent company share holders exchange shares here.

CP




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