Princeton Enterprises Is a Diversified Company

Princeton Enterprises is a diversified company.In addition to its primary business operations,the firm is also the sole shareholder of a wholly owned subsidiary.As part of its restructuring plan,Princeton has decided to implement an IPO offering for shares in the subsidiary.This offering is equivalent to a 25 percent ownership stake in the subsidiary.What is the distribution of these shares called?

A) split-up
B) equity carve-out
C) countertender offer
D) white knight transaction
E) lockup transaction