英语名词介绍：Spin-Off Split-Off
<p><span word="Background">Background</span>: <span word="A">A</span> <span word="spin">spin</span>-<span word="off">off</span> <span word="company">company</span>, <span word="also">also</span> <span word="called">called</span> <span word="just">just</span> <span word="a">a</span> <span word="spin">spin</span>-<span word="off">off</span> <span word="or">or</span> <span word="spin">spin</span>-<span word="out">out</span>, <span word="is">is</span> <span word="an">an</span> <span word="operational">operational</span> <span word="strategy">strategy</span> <span word="used">used</span> <span word="by">by</span> <span word="a">a</span> <span word="company">company</span> <span word="to">to</span> <span word="create">create</span> <span word="a">a</span> <span word="new">new</span> <span word="business">business</span> <span word="entity">entity</span> <span word="from">from</span> <span word="its">its</span> <span word="parent">parent</span> <span word="company">company</span>. <span word="It">It</span> <span word="is">is</span> <span word="a">a</span> <span word="way">way</span> <span word="of">of</span> <span word="reorganizing">reorganizing</span> <span word="a">a</span> <span word="company">company</span>’<span word="s">s</span> <span word="administrative">administrative</span> <span word="structure">structure</span> <span word="in">in</span> <span word="order">order</span> <span word="to">to</span> <span word="improve">improve</span> <span word="its">its</span> <span word="profitability">profitability</span>. <span word="When">When</span> <span word="a">a</span> <span word="company">company</span> <span word="plans">plans</span> <span word="to">to</span> <span word="consolidate">consolidate</span> <span word="or">or</span> <span word="streamline">streamline</span> <span word="its">its</span> <span word="workflow">workflow</span>, <span word="it">it</span> <span word="can">can</span> <span word="sell">sell</span> <span word="a">a</span> <span word="less">less</span> <span word="productive">productive</span> <span word="division">division</span> <span word="to">to</span> <span word="form">form</span> <span word="a">a</span> <span word="new">new</span> <span word="independent">independent</span> <span word="company">company</span>. <span word="In">In</span> <span word="other">other</span> <span word="words">words</span>, <span word="a">a</span> <span word="company">company</span> <span word="creates">creates</span> <span word="a">a</span> <span word="new">new</span> <span word="business">business</span> <span word="entity">entity</span> <span word="out">out</span> <span word="of">of</span> <span word="its">its</span> <span word="existing">existing</span> <span word="divisions">divisions</span>, <span word="subsidiaries">subsidiaries</span>, <span word="or">or</span> <span word="subunits">subunits</span>. <span word="The">The</span> <span word="new">new</span> <span word="independent">independent</span> <span word="company">company</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="be">be</span> <span word="more">more</span> <span word="profitable">profitable</span> <span word="and">and</span> <span word="worth">worth</span> <span word="more">more</span> <span word="alone">alone</span> <span word="than">than</span> <span word="it">it</span> <span word="would">would</span> <span word="be">be</span> <span word="as">as</span> <span word="a">a</span> <span word="part">part</span> <span word="of">of</span> <span word="the">the</span> <span word="larger">larger</span> <span word="business">business</span> <span word="entity">entity</span>. <span word="The">The</span> <span word="parent">parent</span> <span word="company">company</span> <span word="may">may</span> <span word="or">or</span> <span word="may">may</span> <span word="not">not</span> <span word="choose">choose</span> <span word="to">to</span> <span word="maintain">maintain</span> <span word="a">a</span> <span word="portion">portion</span> <span word="of">of</span> <span word="ownership">ownership</span> <span word="in">in</span> <span word="the">the</span> <span word="newly">newly</span> <span word="spun">spun</span>-<span word="off">off</span> <span word="company">company</span>.</p><p><span word="A">A</span> <span word="split">split</span>-<span word="off">off</span> <span word="company">company</span>, <span word="or">or</span> <span word="a">a</span> <span word="split">split</span>-<span word="off">off</span>, <span word="differs">differs</span> <span word="from">from</span> <span word="a">a</span> <span word="spin">spin</span>-<span word="off">off</span>. <span word="It">It</span> <span word="takes">takes</span> <span word="place">place</span> <span word="mainly">mainly</span> <span word="for">for</span> <span word="accounting">accounting</span> <span word="purposes">purposes</span>, <span word="because">because</span> <span word="the">the</span> <span word="split">split</span>-<span word="off">off</span> <span word="is">is</span> <span word="tax">tax</span>-<span word="free">free</span>. <span word="However">However</span>, <span word="it">it</span> <span word="still">still</span> <span word="has">has</span> <span word="to">to</span> <span word="meet">meet</span> <span word="the">the</span> <span word="requirements">requirements</span> <span word="set">set</span> <span word="forth">forth</span> <span word="by">by</span> <span word="the">the</span> <span word="Securities">Securities</span> <span word="and">and</span> <span word="Exchange">Exchange</span> <span word="Commission">Commission</span> (<span word="SEC">SEC</span>). <span word="The">The</span> <span word="shareholders">shareholders</span> <span word="of">of</span> <span word="a">a</span> <span word="split">split</span>-<span word="off">off</span> <span word="must">must</span> <span word="relinquish">relinquish</span> <span word="their">their</span> <span word="shares">shares</span> <span word="of">of</span> <span word="stock">stock</span> <span word="in">in</span> <span word="the">the</span> <span word="parent">parent</span> <span word="company">company</span> <span word="in">in</span> <span word="order">order</span> <span word="to">to</span> <span word="receive">receive</span> <span word="shares">shares</span> <span word="of">of</span> <span word="the">the</span> <span word="subsidiary">subsidiary</span> <span word="company">company</span>. <span word="The">The</span> <span word="split">split</span>-<span word="off">off</span> <span word="is">is</span> <span word="a">a</span> <span word="tax">tax</span>-<span word="efficient">efficient</span> <span word="way">way</span> <span word="for">for</span> <span word="the">the</span> <span word="parent">parent</span> <span word="company">company</span> <span word="to">to</span> <span word="redeem">redeem</span> <span word="their">their</span> <span word="shares">shares</span> <span word="of">of</span> <span word="stock">stock</span>.</p><p><span word="A">A</span> <span word="spin">spin</span>-<span word="off">off</span> <span word="should">should</span> <span word="not">not</span> <span word="be">be</span> <span word="confused">confused</span> <span word="with">with</span> <span word="a">a</span> <span word="split">split</span> <span word="off">off</span>.</p><p><span word="Tina">Tina</span>: <span word="Have">Have</span> <span word="you">you</span> <span word="heard">heard</span> <span word="that">that</span> <span word="Expedia">Expedia</span> <span word="is">is</span> <span word="going">going</span> <span word="to">to</span> <span word="spin">spin</span> <span word="off">off</span> <span word="TripAdvisor">TripAdvisor</span> <span word="as">as</span> <span word="a">a</span> <span word="public">public</span> <span word="company">company</span> <span word="in">in</span> <span word="the">the</span> <span word="third">third</span> <span word="quarter">quarter</span> <span word="in">in</span> 2011?</p>
页:
[1]