demergers
Company breakup events
Demergers are corporate restructurings that split a company into separate entities—the opposite of mergers.
A large conglomerate might demerge its divisions into independent companies, each with its own stock and management: The demergers created three publicly traded companies from what had been one.
British English prefers demerger; American English often uses spinoff or divestiture.
Derived work from original
- divestitureDisposal of assets
- carve-outExempted portion or provision
- separationState of being apart
- subsidiaryOf lesser importance
restructuring · unbundling · split-off · breakup · decentralization · realignment · streamlining · conglomerate
Equity investor financial returns
- market capitalizationAggregate equity value outstanding
- equityImpartial treatment or ownership value
- capital gainsProfit from asset sales
- tax efficiencyMinimizing what you owe
public offering · deconsolidation · share price · cost savings · balance sheet
Against corporate market dominance
- monopolyOne seller, no substitutes
- market dominanceControl over a sector
- regulatory approvalOfficial permission to operate
- complianceAdhering to requirements
European Commission · remedies · market concentration · vertical integration · regulatory scrutiny
spinoff
Derived work from original
- divestitureDisposal of assets
- carve-outExempted portion or provision
- separationState of being apart
subsidiary · restructuring · unbundling · split-off · breakup · decentralization · realignment · streamlining · conglomerate · parent company
shareholder value
Equity investor financial returns
- market capitalizationAggregate equity value outstanding
- equityImpartial treatment or ownership value
- capital gainsProfit from asset sales
tax efficiency · public offering · deconsolidation · share price · cost savings · balance sheet
antitrust
Against corporate market dominance
- monopolyOne seller, no substitutes
- market dominanceControl over a sector
- regulatory approvalOfficial permission to operate
compliance · European Commission · remedies · market concentration · vertical integration · regulatory scrutiny
demergersmergers
Corporate consolidations
consolidations · amalgamations · acquisitions · takeovers · buyouts
demergersacquisitions
Things newly gained
expansions · roll-ups · conglomeration · vertical integration · empire building
demergersunifications
Acts of merging separate entities
fusions · unions · syntheses · convergences · alliances