A corporate control change like Pepsi's divestiture of its restaurant holdings is called a(n)

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A spin-off is a corporate control change where a company creates a new, independent entity by separating a business division or subsidiary from its parent company. This is what happened with Pepsi's divestiture of its restaurant holdings, which were spun-off into the new company Yum! Brands. A bust-up refers to a more extreme form of corporate restructuring where a company completely breaks up into smaller pieces. An equity carve out involves a company selling a portion of one of its subsidiaries to the public as a separate entity. A split-up is a general term used to describe any type of corporate restructuring that involves dividing a company into smaller pieces.

A Corporate Control Change Like Pepsi's Divestiture of Its Restaurant