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Horbath Brands is the sole shareholder of its subsidiary, Shoe Time. Horbath has decided to divest itself of its footwear business and does so by

Horbath Brands is the sole shareholder of its subsidiary, Shoe Time. Horbath has decided to divest itself of its footwear business and does so by distributing the shares in the subsidiary to the shareholders of Horbath Brands. This distribution of shares is called a(n):

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