Multiple Choice
The board of directors of a firm approves an exchange offer in which their shareholders are offered stock in one of the firm's subsidiaries in exchange for their holdings of parent company stock. This offer is best described as a
A) Split-up
B) Split-off
C) Equity carve-out
D) Spin-off
E) Tender offer
Correct Answer:
Verified
Correct Answer:
Verified
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