A _________ occurs when the shares of two or more subsidiaries are distributed to the combinor's shareholders in exchange for all of the parent's shares with the parent then liquidated.

Question

Quizplus · Accepted Answer

A split-up occurs when a parent company is divided into two or more independent companies, distributing the shares of these new entities to the parent's shareholders and then liquidating the parent company.

A _________ Occurs When the Shares of Two or More