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ecbrenner commented on the word carve-out
"1. Sometimes known as a partial spinoff, a carve out occurs when a parent company sells a minority (usually 20% or less) stake in a subsidiary for an IPO or rights offering."2. Where an established brick-and-mortar company hooks up with venture investors and a new management team to launch an Internet spinoff..."In most cases the parent company will spinoff the remaining interests to existing shareholders at a later date when the stock price is much higher." --Investopedia
November 6, 2009